A Financing Facility for Low Carbon Development in Developing Countries

Christophe de Gouvello, Ivan Zelenko

ISBN 10: 0821385216 / ISBN 13: 9780821385210

Published by World Bank Publications, US, 2010

About this Item

This paper proposes an innovative financing mechanism, known as the Low Carbon Development Facility (LCDF) that would bring additional investment financing at concessional rates to unlock low carbon development projects in non-Annex 1 countries, increasing project-based emissions avoidance in these countries. The LCDF could be a modality of the Copenhagen Green Climate Fund to implement the financial pledges made by Annex 1 countries as a result of Copenhagen and post-COP15 negotiations to support projects, programs, policies and/or other activities in developing countries related to NAMAs. LCDF will not substitute the Global Environment Facility (GEF) and the Clean Technology Fund (CTF) and would rather support the innovative projects pioneered by these instruments.

Seller Inventory # LU-9780821385210

Bibliographic Details

• Title: A Financing Facility for Low Carbon Development in Developing Countries
• Publisher: World Bank Publications, US
• Publication Date: 2010
• Language: English
• ISBN 10: 0821385216
• ISBN 13: 9780821385210
• Binding: Paperback
• Condition: New
• Weight: 200 grams

About this title

Synopsis

This paper proposes an innovative financing mechanism, known as the Low Carbon Development Facility (LCDF) that would bring additional investment financing at concessional rates to unlock low carbon development projects in non-Annex 1 countries, increasing project-based emissions avoidance in these countries. The LCDF could be a modality of the Copenhagen Green Climate Fund to implement the financial pledges made by Annex 1 countries as a result of Copenhagen and post-COP15 negotiations to support projects, programs, policies and/or other activities in developing countries related to NAMAs. LCDF will not substitute the Global Environment Facility (GEF) and the Clean Technology Fund (CTF) and would rather support the innovative projects pioneered by these instruments.