WWF Recommendations to the Advisory Group on Climate Finance | WWF

WWF Recommendations to the Advisory Group on Climate Finance

Posted on
08 June 2010
Breaking the impasse over how to generate public funding for developing countries at a sufficient scale is essential if we want to create an equitable basis for global climate action, protect vulnerable countries and populations from climate impacts, and mobilize shifts in investment patterns needed to stimulate the rapid introduction of clean technologies.

In Copenhagen, developed countries committed to mobilizing US$100 billion annually by 2020.

Although estimates of required financing are much higher, rapid progress towards putting in place mechanisms to generate at least this amount is an essential step. WWF therefore congratulates the UN Secretary General for his initiative in convening the High-level Advisory Group on Climate Change Financing (AGF). Members of this group have an important and challenging task ahead of them. Because of the financial expertise and institutions represented in the group we are confident the advisory group can play an important role in mobilizing the financial support to help developing countries mitigate and adapt to climate change.
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