Private Sector Critical to Shepherd $100 Billion Annually from Advanced to Developing Countries

The private sector should finance individual projects in developing countries that address climate change, rather than  depending on massive government-to-government financial transfers, argues a Bloomberg New Energy Finance white paper. 

A single Green Climate Fund won’t succeed in routing $100 billion a year by 2020 from the developed to the developing world to combat climate change, it says.

Transfering that money was one of the few commitments made during UN climate talks in Copenhagen in 2009 and was reinforced in last year’s Cancún negotiations.

The report, "Towards a Green Climate Finance Framework," argues that what’s really needed are a set of instruments that provide various kinds of support including soft loans, grants that cover the extra cost of clean energy, and skill-building.

Each instrument would be offered by any number of public and private institutions in competition with each other, which would keep costs down and provide for good governance and transparency.

"The current UNFCCC negotiations over the creation of the Green Climate Fund are heading down a dead end. The Transitional Committee charged with the design of the fund is dominated by figures from government with no private sector experience," says Michael Liebreich, Bloomberg New Energy Finance CEO.

"They are looking to create yet another multilateral institution for managing pools of public money but even if they succeed in creating a fund, there is no earthly way developed world governments will resource it to the tune of $100 billion per annum. We need a far more nuanced approach, one which works with the grain of the capital markets, not against it, and one which is designed from the start to reach the required scale."

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Comments on “Private Sector Critical to Shepherd $100 Billion Annually from Advanced to Developing Countries”

  1. bob

    Sure what the world’s poorer people need is a bunch of carpetbagging bureaucrats and eurocrats specifying how they should administer 100 billion… yeah that’s it… that will surely accomplish something. OR how about simply supporting those aboriginal and first nations initiatives that try to make entrepreneureal progress in the climate change markets.

    Reply
  2. shepngo pakistn

    Society For Human Rights & Environment Protection.(SHEP NGO)-Regd.

    Dear Sir/Madam

    SHEP NGO is Registered Non-Governmental-Organization
    having its legal status with the SOCIAL WELFARE
    DEPARTMENT,CITY DISTRICT GOVERNMENT KARACHI.
    (Reg.# DSW 2062-k ).

    Our main Focus are :

    • Environment,
    • Health,
    • Education,
    • Human Rights,
    • Legal Aid & Child Labour.
    Our NGO work for a real Democratic & Civilized Pakistan and working hard on health and pollution issues.We are working since “2002” In our country about 60% population are living in villages, these peoples are facing many problems regarding health and other facilities. We are working on safe drinking water to those area where peoples drink polluted water, for this we are planning for safe water plant in those area. There fore we are requesting you to kindly help us and give suggestions for implantation of water plant in rural areas.

    It is our short introduction you can visit our website http://www.shepngo.jimdo.com for our briefly

    introduction and working.

    With Best Regards.

    M.SAEED RAJPUT
    FINANCE SECRETARY (SHEP)
    Society For Human Rights & Environment Protection.
    Suite: 636, 6th Floor Regal Trade Square, Sadder Karachi(Pakistan)
    Phone # +92-21-32765963
    Cell # +92-300-2697708
    +92-321-9249113
    +92-300-2724695
    Fax # +92-21-32766499
    Email: shep.ngo@gmail.com, environmentclub.shep@gmail.com

    Sindh Protection Officer,
    United Nation High Commission
    for Refugees (UNHCR), Pakistan.

    OFFER OF SERVICES FOR FLOOD AFFECTED AREAS.

    Dear Madam/ Sir,

    I would like to introduce my NGO Society for Human Rights & Environment Protection (SHEP). SHEP is a Non Governmental Organization working since December 2002 (Regd. # 2062-k) having its legal status with the Social Welfare Department, Govt. of Sindh.

    SHEP’s have also energetic and experienced members in all over Sindh Province,our District Coordinators and Town/Taluka/Union Council Organizers are already working as social workers in their respective areas.

    We appreciate the efforts of UNHCR for the rehabilitation of flood affected peoples of KPK, Punjab and also in Sindh.

    SHEP’s offering their services for the rehabilitation of rain affected peoples of Sindh, I would like to bring in your kind knowledge that since 2002 to till date we have done all the social works on our members financing behalf but now we are interested and also looking donor / implementing partner for mega projects.

    SHEP’s members setup can do fast work for the rehabilitation of rain affected peoples.

    With the best regards,

    Fozia Altaf
    Vice Chairperson (Women Wing)
    Society for Human Rights & Environment Protection (SHEP)
    Suite: 636, 6th Floor Regal Trade Square, Sadder Karachi (Pakistan).
    Phone # +92-21-32765963 , Fax # +92-21-32766499
    +92-345-2544698 ,+92-300-2697708
    shep.womenwing@gmail.com , shep.ngo@gmail.com
    skype: shepngo.pk
    facebook: http://www.facebook.com/profile.php?id=100001557483214
    Youtube: http://www.youtube.com/shepngo
    Twitter: http://twitter.com/#!/SHEPNGO
    Linkedin: http://pk.linkedin.com/pub/shep-ngo-pakistan/25/a08/7ba
    Web: http://www.shepngo.jimdo.com , http://www.youtube.com/watch?v=HhFfzFH6ELY&feature=player_embedded

    Reply

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