UNDP helps developing countries tap into climate financing

Low-income countries empowered to navigate climate finance maze



New York —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.

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Click here to download UNDP's report Catalysing Climate Finance.


Click here to read about MDG-F's work on Environment and Climate Change.