South Centre

Financing the Global Climate Change Response: Suggestions for a Climate Change Fund (CCF)

South Centre Analytical Note - May 2008

This South Centre Analytical Note stresses that the provision of financing to developing countries to implement the UN Framework Convention on Climate Change (UNFCCC) is required of developed countries under the Convention. But such financing has not yet been provided. This Analytical Note suggests that the COP directly operate the Convention’s financial mechanism by setting up a Climate Change Fund (CCF) that would fully respond to the requirements of the Convention as part of the global community’s response to climate change.

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By how much should developed countries reduce their Greenhouse Gas emissions by 2020?

	at least 20%
	at least 40%
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How much should developed countries provide to developing countries' climate actions under UNFCCC?

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	at least $840 billion per year (1.5% of developed countries' annual GDP)
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