International Climate Finance: Principles for European Support to Developing Countries
By Neil Bird and Jessica Brown
Working Paper No. 6 - March 2010
The commitment to provide new finance in support of climate change actions in developing countries was one of the few areas where tangible progress was made at the Copenhagen COP meeting. In light of this, securing a system that supports such financial flows to developing countries is an immediate challenge for the international community. This paper examines Europe’s approach to the provision of such finance.
Over the immediate period up to 2012 there are a number of choices for Europe: whether to continue the focus on fund mobilisation or to direct more effort at the design of optimal disbursement channels within developing countries; whether to continue with a range of initiatives or to acknowledge any redundancy or competition and address these; and how to align with outside global interests, including the United States, in order to keep the UNFCCC process alive.
About the authors:
Neil Bird is Research Fellow, Climate Change, Environment and Forests Programme at ODI. Neil Bird's current research investigates the governance and institutional structure of environmental policy processes, as well as the international funding initiatives that have been recently been put in place to provide the resources for tackling climate change (both through mitigation and adaptation measures) in aid-receiving countries. This work complements earlier research on aid architecture, national budgetary processes, sector policies and governance.
Jessica Brown is Research Officer, Climate Change, Environment and Forests Programme at ODI. Her research interests include carbon markets and their impacts on local development; reducing emissions from deforestation and degradation (REDD); international climate finance mechanisms; and the impact of national and international policy processes on both climate change and development.
More on Climate Change:
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- EDC 2020 - Policy Brief No 14: Climate Finance in Bangladesh: Lessons for Development Cooperation and Climate Finance at National Level
- EDC 2020 - Working Paper No 13 - The New Landscape Of Economic Governance - Strengthening the Role of Emerging Economies
- EDC 2020 - Policy Brief No 12: International Public Finance to Address Climate Change in Indonesia – Lessons for the Future of European Development Cooperation
- EDC 2020 - Working Paper No 12: Climate Finance in Bangladesh: Lessons for the Development Cooperation and Climate Finance at National Level
- EDC 2020 - Policy Brief No. 10: The Challenge from Within: New EU Donors and European Development Cooperation
- EDC 2020 - Working Paper No 11: Climate Finance in Indonesia: Lessons for the Future of Public Finance for Climate Change Mitigation
- EDC 2020 - Working Paper No 9: The EU’s Interests in Central Asia: Integrating Energy, Security and Values Into Coherent Policy
- EDC 2020 - Policy Brief No.6: European Development Cooperation to 2020: Rising Powers and New Global Challenges
- EDC 2020 - Working Paper No. 6 - International Climate Finance: Principles for European Support to Developing Countries
- EDC 2020 - Working Paper No 7 - Emerging Non-State Actors in Global Development: Challenges for Europe