German Climate Finance Put to the Test [Analysis 07]

Abstract

""The challenge of climate change: why international climate finance is needed" An adequate and ambitious global response to avoid a dangerous or even catastrophic level of climate change, while managing to adapt to the unavoidable impacts of climate change, requires substantially increased investments. The additional costs of these responses are estimated to be well above US$ 100 billion already, and are thus comparable to what is currently provided as Official Development Assistance.The overall investments which need to be triggered are much higher. The provision of adequate, predictable, reliable, new and additional climate finance to developing countries to cover at least a significant share of these additional costs continues to be a crucial and controversial issue in the international climate and development policy arena.[...]", p. 7, executive summary