As climate negotiations wrapped up in Bonn, Germany, following is a statement from Jennifer Morgan, Director, Climate and Energy, the World Resources Institute:
WRI is pleased to have been an NGO co-sponsor of the 6th Annual Asia Clean Energy Forum from June 20-24, focusing on new business models and policy drivers to build a low-carbon future.
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The UNFCCC Cancun Agreements of December 2010 marked an important step forward for transparency of country actions to respond to climate change. In addition to creating a new standard for the way countries report on their national climate commitments and actions, the agreements mandated advances in the reporting and review of countries’ climate finance contributions.
Developed countries have collectively pledged USD 30 billion from 2010-2012 to support developing countries’ climate efforts. This pledge, known as “fast-start finance,” was initially made in Copenhagen in 2009, and reiterated in the 2010 Cancun Agreements.
The Forest Investment Program (FIP) is a targeted program within the framework of the Climate Investment Funds that supports developing countries’ efforts to reduce deforestation and forest degradation (REDD). The FIP Results Framework is a tool to monitor and evaluate the implementation of FIP funds. Following are WRI’s comments suggesting ways to improve the FIP Results Framework.
This paper was prepared as a conference paper for the New
York University / United Arab Emirates Ministry of Foreign
Affairs Workshop on Climate Finance hosted in Abu Dhabi
on January 22-23, 2011.
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