Climate change has the potential to undermine development efforts of
countries and finance is critical for achievement of the post Kyoto
global deal. The Cancun Agreement enshrined the Copenhagen Accord
commitment to a new Green Climate Fund with an interim Fast Start
Funding (FSF) package. Financing of a sustainable climate deal is still a
vision, not a reality, although pieces of the future package are now in
place. The emerging structure is being framed from the global level –
knowledge about what is happening at country level can help inform its
future development. It will be at the country level that efforts of
development partners will be scrutinised under Monitoring, Reporting and
Verification requirements.
As a key player, the European Union (EU) has stepped up and climate
change has become an increasingly important component of its development
cooperation effort. It has contributed most of the committed Fast Start
Funds The Bangladesh case study has thrown light on how this effort is
currently working, what the constraints are, and potential factors
which will affect outcomes in 2020.
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Briefing paper
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Merylyn Hedger