Topic: climate finance

Well-tailored “green” components of a recovery effort can create jobs and stimulate the economy while achieving significant energy cost savings for businesses, consumers and the government.

This paper focuses on what should be included in a new financial agreement under the UNFCCC; more specifically it proposes five specific components of a “new deal” to address technology barriers in developing countries. The paper reflects on ideas on technology and finance as put forth by countries in submissions to the UNFCCC secretariat as summarized in UNFCCC 2008. These submissions are summarized in a complementary WRI discussion paper titled From Position to Agreement: Technology and Finance at the UNFCCC (WRI 2008). We have also considered two UNFCCC documents that synthesize information on technology needs and financial barriers faced by non Annex 1 Parties to the Convention.

Note: This paper will be published as a chapter in the forthcoming book Climate Change and Global Poverty: A Billion Lives in the Balance?, by the Brookings Institution Press in 2009.

What form will sectoral commitments take? Which sectors are best suited to sectoral approaches to climate mitigation? How might sectoral agreements be integrated into the broader climate regime? This report looks at potential answers to these questions.