International climate financing : from Cancún to a 2°C stabilisation pathway
International climate financing – From Cancún to a 2°C stabilisation pathway / Timme van Melle, Niklas Höhne (Ecofys) and Murray Ward (GtripleC). Ecofys, Feb. 2011, 36 p.
This paper examines potential sources of revenues and analyses, which instruments are most compatible with these sources and the climate objectives. Ultimately, the paper provides suggestions for progress in international climate financing after Cancún, towards a 2°C stabilisation pathway.
For short-term progress, starting in 2011, we recommend the following paths of action to the stakeholders in the international community of climate change financing:
• Build on the new pragmatism demonstrated in Cancún and move quickly
• Develop consistent definitions of climate financing flows, investments and incremental costs to derive comparable information on current flows and needs
• Mobilise additional and redirect existing public resources for efficient and effective mitigation and adaptation on a 2°C stabilisation pathway
• Use limited public resources efficiently as well as carbon markets in order to leverage private sector green investments
• Use a mix of financial support instruments to share costs and risks of projects and programmes between public and private sector in industrialised and developing countries
• Build on existing experience, coordinate existing and new implementation channels