Posts by Erica Jue

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How China Plans to Cut Carbon Pollution through Market-Based Measures

China just launched the world's second largest carbon emissions trading program – collectively, seven emissions trading pilots are expected to cover 700 million tons of CO2-equivalent by 2014. Shenzhen, a major city in the southern province of Guangdong, was the first of the seven emissions trading pilots to begin trading on June 17, 2013 covering 600 industrial enterprises that account for 40 percent of total emissions in Shenzhen. The program is projected to cut carbon emissions per unit of GDP by 21 percent by 2015, compared to 2010 output. This will exceed China’s national goal of reducing carbon emissions per unit of GDP by 17 percent, according to China’s 12th Five Year Plan. continue reading »

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An Analysis of Potential and Existing Sources of NAMA Finance

NAMA finance is a critical component of the NAMA mechanism and is essential to getting NAMAs off the ground and into the next stage of implementation. Already at least 33 developing countries are in various stages of developing more than 55 NAMAs and 34 feasibility studies, exhibiting a high level of interest and engagement. Furthermore, this week, the Danish Ministry of Climate, Energy, and Building and CCAP organized the Global NAMA Financing Summit bringing together high-level government officials across developing countries, key contributing countries, multilateral development banks, and international and national development banks to discuss the role that financing institutions have in support of NAMA development. continue reading »

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Fast-start Finance: One more year to go

COP-17 marks the two-year point of the Fast-Start Finance period which was conceived out of the Copenhagen climate talks. Developed countries made the collective commitment to “provide new and additional resources, including forestry and investments through international institutions, approaching USD 30 billion for the period 2010–2012.” There is also recognition for a balanced approach between adaptation and mitigation initiatives. continue reading »

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Climate Finance Works!

Before the inception of Fast-Start Financing and talks of a Green Climate Fund were even underway, climate finance was steadily flowing into developing countries by way of multi-lateral and bilateral financing mechanisms from developed countries. Europe in particular has been at the forefront, helping to finance a number of important actions in developing countries that... continue reading »

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