Finance for Climate Action Flowing Globally – Upwards of 650B in 2011-2012

caribbeanclimate

Header Image Credit: United Nations Framework Convention on Climate Change

 Finance for Climate Action Flowing Globally stood at $650 Billion annually in 2011-2012, and possibly higher

Annual public and private flows from developed to developing countriesranged from $40 to $175 billion
Dedicated multilateral climate funds - including UNFCCC funds – represented small shares during the same period, but are set to rise with the recent pledges to the Green Climate Fundamounting to nearly $10 billion
There is relative uncertainty in the global figures in part due to data gaps and other limitations, but efforts to improve the quality of measurement and reporting of climate finance flows are under way

Hundreds of billions of dollars of climate finance may now be flowing across the globe annually according to a landmark assessment presented yesterday to governments meeting in Lima, Peru at the UN Climate Convention meeting.

The assessment – which includes…

View original post 1,153 more words