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Baseline for trust: defining ‘new and additional’ climate funding


Stadelmann, M; Roberts, T J; Huq, S (2010). Baseline for trust: defining ‘new and additional’ climate funding. IIED Briefing Papers:1-4.

Abstract

Climate finance is becoming a dark curve on the road from Copenhagen to Cancún. Poorer nations fear that richer ones will fulfil the US$30 billion ‘fast-start’ climate finance promises made in the non-binding Copenhagen Accord by relabelling or diverting basic development aid, or by simply delivering on past climate finance pledges. The problem is simple: contributor countries are operating with no clear baseline against which their promise of ‘new and additional’ funding can be counted – and they do not accept the baselines put forth by developing countries. A viable solution for the short term is to use projections of business-as-usual development assistance as baselines. The longer-term benchmark could be the provision of truly ‘new’ funds from new funding sources. Substantial up-front negotiations may be required, but seizing this opportunity to define baselines will build confidence on both sides and create predictability for future finance.

Climate finance is becoming a dark curve on the road from Copenhagen to Cancún. Poorer nations fear that richer ones will fulfil the US$30 billion ‘fast-start’ climate finance promises made in the non-binding Copenhagen Accord by relabelling or diverting basic development aid, or by simply delivering on past climate finance pledges. The problem is simple: contributor countries are operating with no clear baseline against which their promise of ‘new and additional’ funding can be counted – and they do not accept the baselines put forth by developing countries. A viable solution for the short term is to use projections of business-as-usual development assistance as baselines. The longer-term benchmark could be the provision of truly ‘new’ funds from new funding sources. Substantial up-front negotiations may be required, but seizing this opportunity to define baselines will build confidence on both sides and create predictability for future finance.

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Additional indexing

Item Type:Journal Article, not refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Political Science
Dewey Decimal Classification:320 Political science
Language:English
Date:June 2010
Deposited On:08 Mar 2011 14:45
Last Modified:05 Apr 2016 14:34
Publisher:International Institute for Environment and Development (IIED)
Official URL:http://pubs.iied.org/17080IIED.html
Permanent URL: http://doi.org/10.5167/uzh-42151

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