The UNFCCC COP21 in Paris left high expectations for COP22 in Marrakesh to deliver a ‘concrete road map’ for mobilizing the $100 billion in climate finance for developing countries by 2020. The Climate Finance team at ODI has been analysing the latest trends in mobilising public international climate finance through the: Updates to the data…
Climate Finance: A few more fundamentals
As Qatar prepares to host COP 18, decisions on how to deliver and channel finance to help developing countries respond to climate change will again be on the agenda. Climate finance is mobilized in the context of UNFCCC principles that recognize countries common but differentiated responsibilities to act to address climate change. Despite fiscal pressures,…
Long Term Climate Finance
Estimates of the costs of addressing climate change in developing countries vary substantially from $480 billion to $ 1.5 trillion per year. Understanding growing needs for finance to help developing countries address climate change was the first item on the agenda at the workshop on Long Term Finance hosted by the UNFCCC secretariat this week. How much money do we need? There…
The Fundamentals of Climate Finance
Smita Nakhooda introduces the updated Climate Finance Fundamentals publication series, released for the COP in Durban on Climate Funds Update. The series offers short, introductory briefings on various aspects of climate finance. As parties to the UN Framework Convention on Climate Change gather in Durban this week, the issue of how to mobilise and channel the finance…