Policy Brief

The USD 100 billion goal and lessons learned for the future of international climate finance

Cover CFAS Policy Brief 2020 - The USD 100 billion goal and lessons learned

Many described the outcomes of 15th Conference of the Parties (COP15) in Copenhagen as insufficient or even disastrous. However, amid them, the agreement to provide USD 100 billion annually in climate finance by 2020 was heralded as an achievement. It is one of the few memorable positives for the 2009 conference, which failed to secure legally binding agreements on emission targets. Despite ongoing controversies surrounding the adequacy of financial support from developed countries, long-term climate finance has in fact grown and evolved over the past decade. This brief, in the year of that milestone, introduces the monetary goal’s main components, reviews theirstates of fulfilment, and provides a basis for discussing climate finance’s way forward, and upward. [...]

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CFAS Policy-Brief: The USD 100 billion goal and lessons learned for the future of international climate finance [PDF]

Author(s)

Christine Nettersheim

the greenwerk.

Julia Grimm

Policy Advisor for Climate Finance at Germanwatch

Phone

Martin Voß

Policy Advisor for Development Banks and Climate Transparency at Germanwatch

Michel Köhler

Co-Founder of the greenwerk.

Phone

Raju Pandit Chhetri

Director of Prakriti Resources Centre (PRC)

Sven Harmeling

Climate Policy Coordinator at CARE International

The Climate Finance Advisory Service (CFAS) is an initiative which is delivered by a consortium of experts led by Germanwatch e.V. and funded by the Climate and Development Knowledge Network (CDKN).

CDKN is funded by the UK Department for International Development (DFID) and the Netherlands Directorate-General for International Cooperation (DGIS) for the benefit of developing countries. However, the views expressed and information contained in it are not necessarily those of or endorsed by DFID, DGIS or the entities managing the delivery of CDKN which can accept no responsibility or liability for such views, completeness or accuracy of the information or for any reliance placed on them.

*The Climate and Development Knowledge Network (“CDKN”) is led and administered by PricewaterhouseCoopers LLP. Management of the delivery of CDKN is undertaken by PricewaterhouseCoopers LLP, and an alliance of organisations including Fundación Futuro Latinoamericano, INTRAC, LEAD Pakistan, the Overseas Development Institute, and SouthSouthNorth”.