After last year’s meeting in Copenhagen, the 2010 UNFCCC Conference of the Parties (COP) turns to Mexico and Cancun. Climate finance is central to the agenda of the Cancun meeting because agreeing on finance will be a critical step in moving towards a new global agreement. Providing new and additional finance has proved to be a deeply contentious issue between developed and developing countries, although the commitments made within the Copenhagen Accord signalled a significant step forward.
ODI brings a fresh perspective on climate finance. Our analysis focuses on the emerging governance framework and the roles that public and private sector finance can play. We look at:
- how climate finance can be sourced from the public and private sectors;
- how it might be raised using different instruments and in different forms (for example, by grant funding or concessional loans);
- how funding is disbursed at the national level and what can be learned from development cooperation.
Our analysis on climate finance builds on work on the Climate Funds Update website that is tracking the development of climate finance mechanisms and funds.