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New and additional to what? Options for baselines to assess "new and additional" climate finance


Stadelmann, M; Roberts, J T; Michaelowa, A (2011). New and additional to what? Options for baselines to assess "new and additional" climate finance. Climate and Development, 3(3):175-192.

Abstract

All major climate policy agreements - the UN Framework Convention, the Kyoto Protocol, and recently the Cancun Agreements- have stated that climate finance for developing countries will be ”new and additional”. However, the term “new and additional” has never been properly defined.
Agreeing a system to measure a baseline from which “new and additional” funding will be calculated will be central to building trust and realising any post-Kyoto agreement. We explore eight different options for a baseline, and assess each according to several criteria: novelty to existing pledges, additionality to development assistance, environmental effectiveness, distributional consequences, and institutional and political feasibility. Only two baseline options do well on these criteria and are therefore viable: "new sources only" and "above pre-defined business as usual level of development assistance".

Abstract

All major climate policy agreements - the UN Framework Convention, the Kyoto Protocol, and recently the Cancun Agreements- have stated that climate finance for developing countries will be ”new and additional”. However, the term “new and additional” has never been properly defined.
Agreeing a system to measure a baseline from which “new and additional” funding will be calculated will be central to building trust and realising any post-Kyoto agreement. We explore eight different options for a baseline, and assess each according to several criteria: novelty to existing pledges, additionality to development assistance, environmental effectiveness, distributional consequences, and institutional and political feasibility. Only two baseline options do well on these criteria and are therefore viable: "new sources only" and "above pre-defined business as usual level of development assistance".

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Political Science
Dewey Decimal Classification:320 Political science
Uncontrolled Keywords:climate finance, Copenhagen Accord, Development assistance, Additionality, UNFCCC
Language:English
Date:2011
Deposited On:08 Dec 2011 08:26
Last Modified:21 Nov 2017 15:39
Publisher:Earthscan, Taylor & Francis
ISSN:1756-5529
Publisher DOI:https://doi.org/10.1080/17565529.2011.599550
Related URLs:http://www.cis.ethz.ch/publications/publications/2010_WP66_Stadelmann_Michaelowa.pdf

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