Climate change financing – the role of development cooperation
Available funding for addressing climate change and other environmental issues is but a fraction of what is needed. Swedish prime minister Fredrik Reinfeldt promised this week that Sweden will contribute about 370 million USD annually for adaptation and emission reductions in developing countries. With its move, the Swedish government seeks to increase the pressure on other EU countries to provide money.
“New and additional money is needed. But it's not just about the amount to be negotiated in Copenhagen, or from where the money comes from. It's also about who will get the money and under what conditions” says Olof Drakenberg. Together with his colleague Emelie César he has written the report, Old, New and Future Funding for Environment and Climate Change – the Role of Development Cooperation, which is a background study commissioned by Sida – Swedish International Development Cooperation Agency – that feeds into the ongoing work on Swedish government policy on environment and climate change.
Weak rule of law, lack of transparency and low administrative capacity risk hamper climate funding to poor countries. The experience of climate finance coming through the Clean Development Mechanisms is illustrative. The least developed countries have attracted about 5 per cent of climate finance with the large majority ending up in China and India.
“The most important role for development cooperation in relation to environment finance in general and climate change finance specifically is to reduce the bottlenecks that inhibit financial flows and effective delivery, so that even the poorest countries benefit from climate change funds. In practice, support for strengthening institutional capacity, increase transparency and combat corruption becomes even more important. In addition, Sida and other donors should prevent the proliferation of funds and conditions that increase transaction costs and reduces national ownership.
The report “Old, New and Future Funding for Environment and Climate Change – The Role of Development Cooperation” can be downloaded at http://www.hgu.gu.se/item.aspx?id=19542
Media Contact
All latest news from the category: Ecology, The Environment and Conservation
This complex theme deals primarily with interactions between organisms and the environmental factors that impact them, but to a greater extent between individual inanimate environmental factors.
innovations-report offers informative reports and articles on topics such as climate protection, landscape conservation, ecological systems, wildlife and nature parks and ecosystem efficiency and balance.
Newest articles
Webb captures top of iconic horsehead nebula in unprecedented detail
NASA’s James Webb Space Telescope has captured the sharpest infrared images to date of a zoomed-in portion of one of the most distinctive objects in our skies, the Horsehead Nebula….
Cost-effective, high-capacity, and cyclable lithium-ion battery cathodes
Charge-recharge cycling of lithium-superrich iron oxide, a cost-effective and high-capacity cathode for new-generation lithium-ion batteries, can be greatly improved by doping with readily available mineral elements. The energy capacity and…
Novel genetic plant regeneration approach
…without the application of phytohormones. Researchers develop a novel plant regeneration approach by modulating the expression of genes that control plant cell differentiation. For ages now, plants have been the…
