31 Oct '13, 3pm

#COP19 in Warsaw – a private finance climate conference? New @IIED blog post #unfccc

At the UN climate conference in Copenhagen 2009, developed countries committed to provide funds rising to US$100 billion per year by 2020 to support developing countries in their efforts to address climate change. But it appears that developed countries are finding it difficult to keep to their side of the bargain. Instead of allocating finance from the public purse to support developing countries, they have shifted focus to efforts to secure private finance. Initially, we thought the upcoming COP19 climate conference in Warsaw, Poland would be an opportunity to discuss how climate finance from both public and some private sources could be brought together to ensure that developing countries can both mitigate and adapt to climate change. However, following discussions with various parties to the negotiations it appears that private — not public — finance will be the key to...

Full article: http://www.iied.org/cop19-warsaw-private-finance-climate-...

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