The United Nations Development Programme (UNDP) today launched a guidebook on "Catalysing Climate Finance", advising decision makers in developing countries how to tap into growing environmental finance markets
The guidebook draws on UNDP's experience managing one-thousand multimillion dollar climate projects in 140 countries during the last two decades. It contains a step-by-step guidance for identification and implementation of an optimal mix of public policies and funding instruments to raise climate finance.
The report is being offered at a critical moment, when new sources of public finance, such as a Green Climate Fund, are being established or becoming available.
"In the absence of effective capacity building and appropriate advisory services, there's a significant risk that only a few emerging economies will fully benefit from these positive developments," said Rebeca Grynspan, UNDP Associate Administrator. "By some estimates around 90 percent of investments in clean energy go to G20 countries and the remaining 10 percent go to the rest of the world."
Between 2009 and 2010, clean energy sector investments worldwide grew 30 percent to a record US$243 billion. Only about one tenth of investments went into developing economies, which could benefit from greener, less carbon-intensive growth.
Most governments lack the knowledge and capacity to enter the complex and highly technical climate finance landscape where more than 6,000 equity funds and scores of international public funds and carbon markets are active.
"UNDP's global presence, expertise in capacity building, and extensive development finance experience allow us to help countries in this process, by supporting them to develop capacities to attract and drive investments towards sustainable human development," said Rebeca Grynspan.
The governments of developing countries face three major challenges when planning a green, low-emission and climate resilient future: gaining access to new and innovative climate finance sources; creating links between climate change strategies and national development objectives; and identifying how to use limited public finance resources to attract private capital.
"Without doubt public funding is a key element in this equation, alone it will be insufficient to transform economies," said Rebeca Grynspan. "It needs to play a critical role in creating an environment conducive to catalysing larger scale investment."
You can download the guidebook here: http://content.undp.org/go/cms-service/download/publication/?version=live&id=3267712.
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UNDP is the UN's global network to help people meet their development needs and build a better life. We are on the ground in 166 countries, working as a trusted partner with governments, civil society and the private sector to help them build their own solutions to global and national development challenges. Further information can be found at www.undp.org. Follow us on twitter and facebook
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Welcome To UNDP Pakistan
The United Nations Development Programme (UNDP) is an important partner of the Government of Pakistan for achieving national development goals and international commitments including the Millennium Development Goals (MDGs). UNDP's works with the Government, civil society and development partners in four broad programmatic areas; Poverty Reduction and Gender, Democratic Governance, Environment and Climate Change and Crisis Prevention and Recovery.UNDP empowers low-income countries to find way through climate finance maze
Millennium Development Goals
Goal 1
Proportion of the poor in 1990-91 was 26.1 percent and MDG target of halving the proportion means a target of 13 percent for 2015. However, poverty had risen to 34.4 percent in 2000-01 but has since declined to 23.7 percent due to high growth especially in the agriculture sector during 2004-05. The poverty reduction target of MTDF is 21 percent by 2010. The target can be realized provided the growth rate of 7.6 percent and the employment generation targets are met...
Millennium Development Goals
Goal 2
Millennium Development Target for education is universal primary enrolment. The net primary enrolment in 1990-91 was 46 percent and it has increased to 52 percent by 2004-05. The MTDF target of 77 percent looks very ambitious and there is little possibility that the target would be met. Similarly 100% target of universal net primary enrolment by 2015 seems to be quite difficult. The target that survival ratio should rise from 50 to 100 percent is even more ambitious...
Millennium Development Goals
Goal 3
Millennium Development Target for education is universal primary enrolment. The net primary enrolment in 1990-91 was 46 percent and it has increased to 52 percent by 2004-05. The MTDF target of 77 percent looks very ambitious and there is little possibility that the target would be met. Similarly 100% target of universal net primary enrolment by 2015 seems to be quite difficult. The target that survival ratio should rise from 50 to 100 percent is even more ambitious...
Millennium Development Goals
Goal 4
Pakistan has defined four indicators for goal 3. The first indicator is Gender Parity Index (GPI) for primary, secondary and tertiary education. At primary level the index in 1990-91 was 0.73 which has increased to 0.85 by 2004-05 and the MTDF has a target of 0.94 so that the GPI at primary level is achieved by 2015. However, it seems less likely to achieve the target unless more efforts are made. At secondary level index in 2004-05 is 0.83 but the MTDF target is 0.90 and...
Millennium Development Goals
Goal 5
There are six indicators relating to goal 4. First indicator is the decline in under five mortality from 140 in 1990-91 to 52 by 2015. Over the 1990-91 to 2004-05 the child mortality has declined to 100, a decline of 40 percentage points. MTDF target is to reduce child mortality rate to 77 in 5 years and then a further reduction of 25 percentage points if the target for 2015 is to be met. Special efforts would be required to meet the target. Second, infant mortality rate...
Millennium Development Goals
Goal 6
There are six indicators relating to goal 4. First indicator is the decline in under five mortality from 140 in 1990-91 to 52 by 2015. Over the 1990-91 to 2004-05 the child mortality has declined to 100, a decline of 40 percentage points. MTDF target is to reduce child mortality rate to 77 in 5 years and then a further reduction of 25 percentage points if the target for 2015 is to be met. Special efforts would be required to meet the target. Second, infant mortality rate...
Millennium Development Goals
Goal 7
There are 8 targets for environmental sustainability. Forest cover has been targeted to increase form 4.8 percent in 1990-91 to 6.0 percent by 2015. Considering that there has been hardly any increase in the forest cover increasing from 4.8 to 4.9 over the 14 years period, it seems difficult to increase the proportion to 6.0 by 2015. Second, local area protected as percentage of total land area to rise from 9.1 to 12.0 percent over 1990-91 to 2004-05 period. Since by...
Millennium Development Goals
Goal 8
The goal is to foster cooperation at the bilateral and multilateral level for realising the MDGs. The Official Development Assistance as per agreement was to rise to 0.7 percent of GDP but the developed economies are providing only 0.25 percent of GDP and that may have been one of the factors behind slow progress towards MDGs, of the developing economies...
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