In this Oxford Energy and Environment Brief (funded by Climate Strategies), Benito
identifies some of the main elements of the climate finance
debate in the run up to the next UN climate conference, to be held in Durban,
South Africa in December 2011. As concerns the establishment of the new
Green Climate Fund
, the Brief argues for the inclusion and active
participation of all relevant sectors of society in the design process. With
regards to the issue of sources, the Brief argues that the new fund will only
be viable in the context of significant start-up funding and it identifies an existing
innovative source of international funding
to do this. Finally, the
Brief considers the issue of operationalising the new Standing Committee
to support the governance of the UNFCCC financial mechanism.