Challenge 5: Financing Technologies and Actions for Climate and Development

Abstract

This chapter discusses the challenge of how to finance the various activities for a pathway for meeting climate and development goals in the timescale and at the necessary scale. This challenge is addressed by providing an overview of the overall finance needs estimates for climate change mitigation and adaptation as well as existing finance initiatives and pledged funding under the Cancun Agreements. The chapter then discusses experience with financing activities for realising development benefits, such as energy access for poor people. This is followed by an analysis of how finance initiatives for the purchase and modification of technologies being transferred for climate and development benefits can be scaled up, as well as how to scale up finance initiatives for technology acceleration actions as part of a strategy, such as policies, enforcement instruments, network building, training, supply chain development, etc. Finally, the chapter explores how, with the large number of private and public players identified, a finance strategy can be generated and integrated with the TNA & LEDS innovation strategies to maximise successful transfers. © Springer-Verlag London 2012.