Management

THE LITTLE CLIMATE FINANCE BOOK

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The majority of mitigation potential lies in developing countries: Of the 17 billion tonnes of emissions reductions required in
2020, 70% is achievable in developing countries (Project Catalyst, 2009)2. Given the limited ability of developing countries to finance domestic mitigation, this will therefore require large scale financing from developed countries to allow developing countries to meet the costs of climate change mitigation.
The impacts of climate change are also felt the most strongly in developing countries and it is the poorest countries - in particular the poorest communities within those countries - that are least equipped to adapt to the effects of climate change. Finance at scale will therefore also be required in developing countries to help implement urgent adaptation actions that build their resilience to climate change.
This book focuses on international climate finance and the flows of finance that are required to allow developing countries to mitigate and adapt to climate change.
Financing REDD+ will be an essential part of this deal since forests account for nearly 40% of developing country mitigation potential and can play a crucial role in developing countries’ ability to adapt to climate change (see page 17). The different options for financing REDD+ are also more advanced than other elements of the Copenhagen agreement. The thinking on financing of REDD+ has been advanced by NGOs, IGOs and Parties to the UNFCCC.
Originally when developing the Little Climate Finance Book,
the GCP sought only to understand the range of options that have been put forward for Financing REDD+. It soon became apparent, however, that the options for financing REDD+ are also applicable for other mitigation and adaptation actions. Although some proposals have been put forward specifically to finance REDD+
or adaptation, many proposals do not distinguish how climate finance should be used or propose that finance could be used for a range of actions. This publication therefore presents all of the options that have been put forward for financing climate change activities in developing countries

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Detail Information

Series Title

THE LITTLE CLIMATE FINANCE BOOK

Call Number

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Publisher

FRANCE : Global Canopy Programme., 2009

Collation

1-91

Language

English

ISBN/ISSN

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Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

1st Edtion

Subject(s)

Finance

Specific Detail Info

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Statement of Responsibility

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