New model for climate funding
Norway and Mexico launch a joint model to provide predictable funding for climate actions in developing countries, starting in 2013.
Norway and Mexico join forces and propose a model for climate funding at the negotiations in Copenhagen. The model establishes a Green Fund for financing of climate actions in developing countries.
Contributions to the Green Fund should come both from public budgets and from auctioning of emission allowances. According to the proposal, the scale of the Green Fund could start around 10 billion dollars per year by 2013 and increase to 30-40 billion dollars by 2020.
Mexico's President Felipe Calderón (photo above) and Norway's Prime Minister Jens Stoltenberg "hope that through our joint proposal we can help develop a funding model everyone can endorse," they say in a common statement.
"To achieve an ambitious outcome in Copenhagen, it is crucial that we reach an agreement on financing climate actions in developing countries," they say.
Both countries find the resources so far raised for funding climate actions in developing countries inadequate. At an earlier stage in the negotiations both Norway and Mexico tabled proposals that could give increased predictable funding for climate actions in developing countries. The new model combines these proposals.
Norway's proposal is a model where a certain percentage of the total UN-allowances should be set aside for international auctioning to finance climate actions in developing countries. Mexico has proposed to establish a Green Fund that draws funding based on each country's emissions, GDP and population. The joint model uses both sources of income.
"In order to raise an adequate amount we will combine complementary sources of financing. This money should both finance adaption and mitigation efforts in developing countries. Financing should be based on results," Calderón and Stoltenberg say, according to a press release.
Contributions to the Green Fund should come both from public budgets and from auctioning of emission allowances. According to the proposal, the scale of the Green Fund could start around 10 billion dollars per year by 2013 and increase to 30-40 billion dollars by 2020.
Mexico's President Felipe Calderón (photo above) and Norway's Prime Minister Jens Stoltenberg "hope that through our joint proposal we can help develop a funding model everyone can endorse," they say in a common statement.
"To achieve an ambitious outcome in Copenhagen, it is crucial that we reach an agreement on financing climate actions in developing countries," they say.
Both countries find the resources so far raised for funding climate actions in developing countries inadequate. At an earlier stage in the negotiations both Norway and Mexico tabled proposals that could give increased predictable funding for climate actions in developing countries. The new model combines these proposals.
Norway's proposal is a model where a certain percentage of the total UN-allowances should be set aside for international auctioning to finance climate actions in developing countries. Mexico has proposed to establish a Green Fund that draws funding based on each country's emissions, GDP and population. The joint model uses both sources of income.
"In order to raise an adequate amount we will combine complementary sources of financing. This money should both finance adaption and mitigation efforts in developing countries. Financing should be based on results," Calderón and Stoltenberg say, according to a press release.
No hay comentarios.:
Publicar un comentario