A Financing Facility For Low-Carbon Development In Developing Countries:

Nonfiction, Social & Cultural Studies, Political Science, Government, Public Policy
Cover of the book A Financing Facility For Low-Carbon Development In Developing Countries: by de Gouvello Christophe; Zelenko Ivan, World Bank
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Author: de Gouvello Christophe; Zelenko Ivan ISBN: 9780821385258
Publisher: World Bank Publication: September 21, 2010
Imprint: Language: English
Author: de Gouvello Christophe; Zelenko Ivan
ISBN: 9780821385258
Publisher: World Bank
Publication: September 21, 2010
Imprint:
Language: English
This paper proposes an innovative financing mechanism, known as the Low Carbon Development Facility (LCDF) that would bring additional investment financing at concessional rates to unlock low carbon development projects in non-Annex 1 countries, increasing project-based emissions avoidance in these countries.The LCDF could be a modality of the Copenhagen Green Climate Fund to implement the financial pledges made by Annex 1 countries as a result of Copenhagen and post-COP15 negotiations to support projects, programs, policies and/or other activities in developing countries related to NAMAs. LCDF will not substitute the Global Environment Facility (GEF) and the Clean Technology Fund (CTF) and would rather support the innovative projects pioneered by these instruments.
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This paper proposes an innovative financing mechanism, known as the Low Carbon Development Facility (LCDF) that would bring additional investment financing at concessional rates to unlock low carbon development projects in non-Annex 1 countries, increasing project-based emissions avoidance in these countries.The LCDF could be a modality of the Copenhagen Green Climate Fund to implement the financial pledges made by Annex 1 countries as a result of Copenhagen and post-COP15 negotiations to support projects, programs, policies and/or other activities in developing countries related to NAMAs. LCDF will not substitute the Global Environment Facility (GEF) and the Clean Technology Fund (CTF) and would rather support the innovative projects pioneered by these instruments.

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