the World’s most vulnerable regions face an urgent lack of green capital to invest in climate change adaptation and renewable energy systems. It shows new reports from the UN and the OECD, which has been presented to the climate conference in Katowice.
the Money can be one of the major stumbling blocks when ministers in brussels to conclude the negotiations.
” climate finance is the glue that holds together the paris agreement. A key reason that the developing countries agreed to sign was that they were promised new funds. The question is, therefore, crucial for the negotiations this week, ” says Kevin Adams, a researcher at the Stockholm Environment Institute.
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is – despite the big addition in recent years – not yet on the path to deliver on the promise of funding that is set out to low – and middle-income countries within the UN.
the Goal has been to at least 100 billion dollars annually will be mobilised to combat and respond to climate change in poor countries by the year 2020. But, according to the OECD’s new compilation summed up the rich countries ‘ aid and loans to 55 billion dollars last year.
the Figure is at the same time controversial. The previous calculations from the OECD, has met fierce criticism from India, the world’s largest recipient of aid for climate measures. And the countries are still negotiating what that fit within the concept of climate finance.
at the same time, there is some disagreement about how much of the 100 billion people that will be loans and aid, and what proportion can come from private actors.
– part of the developing countries think that the 100 billion will be channelled through the UN’s Green climate fund. But givarkollektivet out that it also is about private investment, ” says Mattias Frumerie, one of the Swedish government’s negotiator is in place in Katowice.
the big donors and is the country in the world that so far has invested the most dollars per capita in the UN’s Green climate fund. Hopes have been that the fund will break new ground in the field. But the business has been lined with problems.
Kevin Adams describes the past year, then Sweden, shared the presidency of Nicaragua, as stormy.
– the Green climate fund (gcf) has had a hard time deciding. All countries have, in practice, veto power, and several projects have been controversial, ” he says.
the meeting put pressure on donors to raise their klimatfinansiella ambitions. During the negotiations in Katowice, there are also expectations of new representations beyond the year 2020.
“the Issue of climate finance is very present, and there is a strong expectation that rich countries should assist,” says Mattias Frumerie.
Last week promised the German government to double its funding to the Green climate fund (gcf). The Swedish MINISTRY for foreign affairs says to DN that it will not be any decision on Sweden’s appropriations until the next government takes office.
