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ICGFM Climate Change Public Finance Overview Adrian Fozzard

ICGFM Climate Change Public Finance Overview Adrian Fozzard

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ICGFM Climate Change Public Finance Overview Adrian Fozzard
ICGFM Climate Change Public Finance Overview Adrian Fozzard

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03/21/2015

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Climate Change Implications for Central Finance Agencies
 
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 Why should we care?
70-80 % of cost of climate change borne by developing countries
2
°C rise could reduce GDP in Asia and Africa  by 5%
Increased risk and cost of climate hazards
 
3
 Why should central finance agencies care?
0255075100Government not doingenough Willing to pay more forenergy Preserving orexpanding forest areaLimiting constructionof coal-fired powerIncreasing efficiency of automobilesReducing subsidies fortransportation
% Respondents Stating that
Public Opinion Survey 18 Developing Countries (2009)
Realize Benefits
Mitigate Risks
Fulfill International Commitments
Financial Incentives
?
Manage tradeoffs across political cycle
Source: Data WDR 2010 Background Papers

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