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Climate Change Financing

Climate Change Financing

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Published by InstitutSuedwind

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Categories:Types, Research
Published by: InstitutSuedwind on Oct 08, 2012
Copyright:Attribution Non-commercial

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09/24/2013

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EXPO/B/DEVE//FWC/2009-01/Lot5/30 June 2012PE 433.785 EN
DIRECTORATE-GENERAL FOR EXTERNAL POLICIES OF THE UNIONDIRECTORATE BPOLICY
 
DEPARTMENT
 
BRIEFINGCLIMATE CHANGE FINANCING: THE CONCEPT OFADDITIONALITY IN THE LIGHT OF THE COMMISSIONPROPOSAL FOR A DEVELOPMENT COOPERATIONINSTRUMENT (DCI) FOR 2014-2020
Abstract
 Due to considerable overlaps between development and climate finance and the dangerthat funding is diverted from existing development assistance it would be important todefine a baseline against which additionality can be measured. So far, no internationallyagreed definition exists. The EU could step forward and come to a common approach even if this might temporarily disadvantage Member States under the current reporting practice.Any such definition should build on the commitment to raise ODA levels to 0.7 % of GNI by2015. Although incentives are strong to try and count in as much private finance as possible,climate finance should come predominantly from public sources. Especially instrumentsusing public funding to “leverage” private funds should be seen with caution. The fundingcommitments can be met, but they will likely require a wide range of innovative instrumentsfor new financing to be put in place. Due to the overlaps, climate and development activitiesshould be integrated as far as possible at the operational level. Despite a considerableincrease of climate related financing in the proposal for the new instrument for DevelopmentCooperation, it is not clear as to what extent these funds are additional. Therefore,additionality of climate finance should be clearly defined also in the DCI regulations.
 
 
Policy Department DG External Policies
2This briefing was requested by the European Parliament's Committee on Development.
AUTHORS:
Irene KNOKE, SÜDWIND INSTITUTE, GERMANYMatthias DUWE, ECOLOGIC INSTITUTE, GERMANY (review)Coordination provided by Ecologic Institute
ADMINISTRATOR RESPONSIBLE:
Fernando GARCÉS DE LOS FAYOSDirectorate-General for External Policies of the UnionPolicy DepartmentWIB 06 M 077rue Wiertz 60B-1047 BrusselsEditorial Assistant: Györgyi MÁCSAI
LINGUISTIC VERSIONS
Original: EN
ABOUT THE EDITOR
Editorial closing date: 6 June 2012.
©
European Union, 2012
Printed in Belgium
ISBN: 978-92-823-3768-4Doi: 10.2861/89763The Information Note is available on the Internet athttp://www.europarl.europa.eu/activities/committees/studies.do?language=ENIf you are unable to download the information you require, please request a paper copyby e-mail :poldep-expo@europarl.europa.eu
 
DISCLAIMER
Any opinions expressed in this document are the sole responsibility of the author and do notnecessarily represent the official position of the European Parliament.Reproduction and translation, except for commercial purposes, are authorised, provided the source isacknowledged and provided the publisher is given prior notice and supplied with a copy of thepublication. 

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