• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Raising USD100B Climate Finance Annually a 'Difficult Task' - Experts

    By Ivy Mungcal // 10 November 2010

    The report released recently by a U.N. advisory panel on climate change financing shows how challenging it will be for the international community to reach the USD100 billion-a-year climate financing target set under the Copenhagen Accord, two climate change experts observe.

    “The AGF [U.N. High-Level Advisory Group on Climate Change Financing] sensibly supports using a mix of revenues to meet the goal rather than a single instrument. It places heavy emphasis on carbon pricing and carbon markets, supports new instruments like transport levies but is guarded on proposals for a global financial transaction tax, and it foreshadows continued reliance on contributions from national budgets,” Jonathan Pickering and Frank Jotzo write in the “Development Policy” blog.

    Fotzo is the director of the Center for Climate Economics and Policy at the Australian National University’s Crawford School, while Pickering is a postgraduate student at ANU.

    They explain: “It [the AGF report] shows just how difficult the task could be: if carbon pricing were to remain limited, then greater contributions from national budgets will be needed, but these can be fickle and it is difficult to verify that aid is not simply being diverted. And the alternative of financial transaction taxes, favored by many NGOs, clearly faces an uphill battle.”

    On alternative financing measures, the two note that while the group’s report introduces several of these measures, it still places precedence on the role of direct contributions from donor governments.

    “On-budget contributions are also notoriously fickle as they are largely at the discretion of the government of the day,” they say, on why hopes of having stable funding through donor-funded mechanisms are misplaced.

    • Environment & Natural Resources
    • Funding
    • Institutional Development
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ivy Mungcal

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

    Search for articles

    Related Stories

    The Road to COP 30With climate finance deadlocked, global tax proposals rise again

    With climate finance deadlocked, global tax proposals rise again

    Devex InvestedDevex Invested: The race to lead the African Development Bank heats up

    Devex Invested: The race to lead the African Development Bank heats up

    Food SystemsInside Indonesia’s plan to feed 83 million people for free

    Inside Indonesia’s plan to feed 83 million people for free

    Development Finance Blended finance shrinks slightly in 2024, but aid cuts cloud its future

    Blended finance shrinks slightly in 2024, but aid cuts cloud its future

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 3
      Opinion: India’s bold leadership in turning the tide for TB
    • 4
      How AI-powered citizen science can be a catalyst for the SDGs
    • 5
      Strengthening health systems by measuring what really matters
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement