European Capacity Building Initiative

Least Developed, Most Vulnerable: Climate Finance Promises for LDCs

This paper includes a systematic review of the reports filed to the UN Framework Convention on Climate Change (UNFCCC) in 2012 of the nations that promised to provide this US$ 30 billion in FSF over the period. Expanding upon our FSF assessments for 2010 and 2011 and our 2011 transparency scorecard, we assess whether wealthy nations transparently contributed a fair-share of the US$ 30 billion pledge, while balancing adaptation and mitigation funding, sourcing funds through UNFCCC channels, and without reverting to debt- inducing loans in the place of grants. Particular attention is paid to the worldís 48 Least Developed Countries (LDCs), given their heightened vulnerability.

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