Today, the government of the United Kingdom took a significant step to shift to a low-carbon economy, providing clear signals to investors that the UK wants to host large-scale clean energy projects moving forward.
This working paper explores some of the key issues emerging around the effective financing of carbon dioxide capture and storage (CCS) demonstration projects in developing countries. It presents a series of options and recommendations to international policymakers and agencies working to support CCS development in a non-OECD context.
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.
WRI aims to highlight the best proposals for the institutional design of an international climate change regime. This project is a joint endeavor of the World Resources Institute (WRI) and the United Nations Environment Programme (UNEP), with the support of the Government of Ireland.
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.