International Funding for Climate Change Mitigation 101

The United Nations Environment Programme (UNEP) Technology Needs Assessment (TNA) Project released a guidebook this month onAccessing International Financing for Climate Change Mitigation”. The guidebook aims to assist developing country governments, planners, and stakeholders who are carrying out technology needs assessment and technology action plans for preparing good project ideas and accessing international funding for climate change mitigation.
solar panels and wind turbinesThe 142-page guidebook analyzes over 100 public and private funding sources and presents their main features, application requirements and procedures.

The Guidebook details multilateral and bilateral funding sources, international private financing sources, public-private partnerships for financing mitigation actions and also includes a general guidance section on key elements of proposals and guidelines for preparation.

According to the Guidebook, “Enhancing the development and transfer of mitigation technologies is an essential part of the international response to climate change. Often new external funding is needed to fully implement nationally defined priorities. Navigating through the funding options to identify the most appropriate funding sources for a climate change mitigation project can be challenging, as funding options differ significantly in scope, sector and administrative procedures.”

The Guidebook was prepared by the UNEP Risø Centre (URC) as part of its Technology Needs Assessment (TNA) project. The project includes 36 developing countries in Africa, Latin America, Asia and a few members of the Commonwealth of Independent States (CIS). The TNA project assists developing countries to identify national mitigation and adaptation technology priorities and to develop Technology Action Plans (TAPs) for mitigation of greenhouse gas (GHG) emissions and climate change adaptation.

The TNA Project is funded by the Global Environment Facility (GEF) and implemented by UNEP’s Division of Technology, Industry and Economics (DTIE) and the UNEP Risoe Centre on Energy, Climate and Sustainable Development. The TNA aims to assist countries in determining their technology priorities regarding mitigation of greenhouse gas (GHG) emissions and adaptation to climate change.

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