EDC 2020 Working Paper No 6 - March 2010
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.
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