This Special Issue brief outlines the implications of United Nations Secretary’s High-Level Advisory Group on Climate Change Finance (AGF) report recommendations for Small Island Developing States (SIDS). Among its key messages relevant to adaptation, it asserts: i.) The climate-investment requirements of the SIDS will primarily need to be met through grants from public sources, although private sources can complement these; ii.) SIDS will want to ensure that climate finance is disbursed according to need and not according to existing aid patterns.
Building on the Copenhagen Accord, the United Nations Secretary’s High-Level Advisory Group on Climate Change Finance (AGF) was set up in February 2010 to identify how industrialised countries could mobilise US$100 billion of resources per annum by 2020, to support climate-resilient development in the developing world. The Group consisted of 21 members, from the public and private sectors and from the developed and developing worlds. It was co-chaired by the Meles Zenawi, Prime Minister of Ethiopia, and Jens Stoltenberg, Prime Minister of Norway. Working through most of 2010, it has analysed a wide range of options for raising this money from both public and private sources.
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