Energy

2 Items

Policy Brief - Harvard Project on Climate Agreements, Belfer Center

Climate Finance

    Author:
  • The Harvard Project on International Climate Agreements
| November 2009

The finance of climate mitigation and adaptation in developing countries represents a key challenge in the negotiations on a post-2012 international climate agreement. Finance mechanisms are important because stabilizing the climate will require significant emissions reductions in both the developed and the developing worlds, and therefore large-scale investments in energy infrastructure. The current state of climate finance has been criticized for its insufficient scale, relatively low share of private-sector investment, and insufficient institutional framework. This policy brief presents options for improving and expanding climate finance.

Philippine President Gloria Macapagal Arroyo speaks at the High-Level Dialogue on Climate Change, June 17, 2009, at the Asian Development Bank in the Philippines. The bank pledged to double its clean energy investments in the region to $2 billion yearly.

AP Photo

Policy Brief - Harvard Project on Climate Agreements, Belfer Center

Three Pillars of Post-2012 International Climate Policy

| October 23, 2009

Our proposal for a post-2012 international global climate policy agreement contains three essential elements: meaningful involvement by key industrialized and developing nations; an emphasis on an extended time path of targets; and inclusion of market-based policy instruments. This architecture is consistent with fundamental aspects of the science, economics, and politics of global climate change.