Baseline for trust: defining ‘new and additional’ climate funding

IIED Briefing
, 4 pages
PDF (332.3 KB)
17080IIED.pdf
Language:
English
Published: June 2010
IIED Briefing Papers
Product code:17080IIED

Climate finance is becoming a dark curve on the road from Copenhagen to Cancún. Poorer nations fear that richer ones will fulfil the US$30 billion ‘fast-start’ climate finance promises made in the non-binding Copenhagen Accord by relabelling or diverting basic development aid, or by simply delivering on past climate finance pledges. The problem is simple: contributor countries are operating with no clear baseline against which their promise of ‘new and additional’ funding can be counted – and they do not accept the baselines put forth by developing countries. A viable solution for the short term is to use projections of business-as-usual development assistance as baselines. The longer-term benchmark could be the provision of truly ‘new’ funds from new funding sources. Substantial up-front negotiations may be required, but seizing this opportunity to define baselines will build confidence on both sides and create predictability for future finance.

Cite this publication

Stadelmann, M., Roberts, J., Baseline for trust: defining ‘new and additional’ climate funding and Huq, S. (2010). Baseline for trust: defining ‘new and additional’ climate funding. .
Available at https://www.iied.org/17080iied