Wednesday, 4 February 2009

New environmental finance architecture or inflation of climate funds?

A new website,, is online now. The Website, which will be improved and expanded over the next several months going forward, is a joint cooperation project by the Washington Office of the Heinrich Boell Foundation as well as the London-based Overseas Development Institute (ODI) and is a follow up to last Summer’s study on new climate financing instruments (done by the Boell Foundation with WWF US and ODI) and related shifts in the global environment finance architecture.

The site lists descriptions of some 18 multilateral and bilateral funds; some new fund proposal not yet off ground, as well as a database of some 800 projects funded by the new and existing climate funds. The idea for the website is to provide fairly neutral “one-stop” introductory information on some of the complexities of the new climate finance architecture leading up to the discussions at the COP in Copenhagen in December on a post-Kyoto Climate Architecture, of which an agreement on financial will be a crucial prerequisite.

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