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Tuesday, 30 October 2012

Which Countries Should Get Climate Adaptation Finance?

How will the international community raise billions of dollars to help developing countries reduce emissions and respond to the already emerging impacts of climate change? How will the funds be allocated and delivered to recipient countries? The  climate summit in Doha is expected to focus intensely on these questions. More substantive discussions were held at the beginning of October at a workshop on long term climate finance, organised by the UN Framework Convention on Climate Change (UNFCCC) in Capetown, South Africa.
Discussants included ministers and ambassadors from highly vulnerable countries such as the Maldives, Bangladesh and Costa Rica. Roundtable participants—including Washington-based thought leaders from the worlds of both development and climate finance—generally welcomed the idea of using data on physical and institutional vulnerability to climate impacts to create transparent criteria that could lead to equitable allocations.  
The debate centered on whether countries should receive a higher allocation if they have a record of good economic management and good governance, as is the case in the allocation frameworks for IDA and the GEF. This would penalise people with the bad luck to be born in the most vulnerable countries, which are often also the most fragile and corrupt.

Source: Center for Global Development