Structuring International Financial Support for Climate Change Mitigation in Developing Countries

Karsten Neuhoff (), Sam Fankhauser (), Emmanuel Guerin, Jean-Charles Hourcade, Helen Jackson, Ranjita Rajan and John Ward

No 976, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: In the Copenhagen Accord of December 2009, developed countries agreed to provide start-up finance for adaptation in developing countries and expressed the ambition to scale this up to $100 billion per year by 2020. The financial mechanisms to deliver this support have to be tailored to country and sector specific needs so as to enable domestic policy processes and self sustaining business models, and to limit policy risk exposure for investors while complying with budgetary constraints in OECD countries. This paper structures the available financial mechanisms according to the needs they can address, and reports on experience with their application in bilateral and multilateral settings.

Keywords: Financial mechanism; risk guarantee; development; climate policy (search for similar items in EconPapers)
JEL-codes: F30 G20 R38 (search for similar items in EconPapers)
Pages: 39 p.
Date: 2010
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Structuring International Financial Support for Climate Change Mitigation in Developing Countries (2009)
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