Implementation Plan - CDKN Global

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CARICOM IMPLEMENTATION PLAN FOR THE REGIONAL FRAMEWORK FOR ACHIEVING DEVELOPMENT RESILIENT TO CLIMATE CHANGEAdaptation Funding OptionNature of DisbursementRegionsSectoral FocusFunding SourceDescriptionLinks to furtherinformationPilot Program for Climate ResilienceGrants. Loans.Developing nations.Climate resilience in national development planning, Poverty reductionand Sustainable development.Multilateral Banks. The World Bank.The Pilot Program for Climate Resilience (PPCR) is part of the StrategicClimate Fund (SCF), a multi-donor Trust Fund within the ClimateInvestment Funds (CIFs). The overall objective of the program is to provideincentives for scaled-up action and transformational change in integratingconsideration of climate resilience in national development planningconsistent with poverty reduction and sustainable development goals.http://www.climateinvestmentfunds.org/cif/ppcrAdaptation Funding OptionNature of DisbursementRegionsSectoral FocusFunding SourceDescriptionLinks to furtherinformationUN-REDD Programme FundGrants.Developing nations.Forestry, Sustainable development, Sustainable management, Socialbenefits.Multilateral BanksThree UN Agencies – UNEP, UNDP and the FAO – have collaborated in theestablishment of the UN-REDD programme, a multi-donor trust fundthat allows donors to pool resources and provide funding with the aimof significantly reducing global emissions from deforestation and forestdegradation in developing countries. Through its nine initial countryprogramme activities in Africa, Asia and Latin America, the UN-REDDProgramme supports the capacity of national governments to prepareand implement national REDD strategies with the involvement of allstakeholders.http://www.un-redd.org/Source: Overseas Development Institute, Climate Funds Update, available at http://www.wri.org/publication/summary-of-developed-countryfast-start-climate-finance-pledges(accessed 22/03/2011).174
Fast-start funding opportunitiesThe following table provides a summary of how developed countries are meeting their pledges for providing fast-start climate finance to developing countriesbetween 2010 and 2012 following the 15th Conference of the Parties of the UNFCCC.Party Fast-Start Pledge (2010-2012)***Funding Objectives New 1 and Additional 2* Channeling Institution(s)EuropeanCommission$69.0 million/year, $206.9 million total(€50 million/year, €150 million total)pledged. €50 million in 2010 is alreadycommitted.Half of the €50 million mobilized in 2010is for capacity-building related to lowemissiondevelopment and technologycooperation, and half for adaptation(under GCCA) with a focus on LDCs andSIDS.This is on top of existing programmedsupport for climate-relevant actions indeveloping countries in the period 2010-12in the order of €900 million.Not SpecifiedEU Member State Individual PledgesDenmark $221.3 million (DKK 1.2 billion total)pledged with (DKK 308 million)committedExpected for 2010: Mitigation (52%)Adaptation and Capacity Building (48%)All of the financial resources will be labeledas ODA. However, Denmark argues thateverything above 0.8% of BNI is additionalsince Denmark has already lived up to itsODA target.Expected channels for 2010: - Mitigation: TechnologyNeeds Assessment, SREP, UN-REDD and FIP-Adaptation, LDCF, PPCR, capacity-building throughcivil society support, and bilateral programmes (tobe identified)Finland $110 million total Not Specified Not Specified Not SpecifiedFrance $1.74 billion (€1.26 billion total)pledged and committed€246 million or 20% for REDD+ for 2010-2012. A substantial amount will also bededicated to adaptation. Other objectivesnot specifiedNot specified 1/3 of the funds will go through multilateral channelssuch as the GEF and the CIFs. The remaining fundswill go through bilateral channels such as the FrenchDevelopment Agency (AFD). 2/3 of the REDD+money will go through the AFD.Germany €1.26 billion total2010 (allocated):$420.5 million (€350 million)2011(proposed): $527.2 million (€410million)2012 (proposed): $689.6million (€500 million)~1/3 for adaptation. At least €350million for REDD. The remainder forenergy-related mitigation.Only €70 million of the 2010 climatefinance is new. The rest is reallocated fromfunds that were already committed to theenvironmental and development budget. In2011, the amount of new money is likelyto be less. All will be counted towardsGermany’s 0.7% ODA commitment.The funds will be administered by the GermanBilateral Development Cooperation, multilateral fundsand the German Environment Ministry’s InternationalClimate Initiative. In 2010, ~€150 million will flowthrough multilateral funds (€10 million will go to theAdaptation Fund, €72 million to the CIFs, and anamount to the FCPF), otherwise the split betweenmultilateral and bilateral is 35% to 65%.Ireland Up to $137.9 million total (Up to €100million total)Not Specified Not Specified Not Specified
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