Regional implications of the AGF recommendations: Latin America and Caribbean region – special issue

This Special Issue brief outlines the implications of the United Nations Secretary’s High-Level Advisory Group on Climate Change Finance (AGF) report recommendations for Latin America and the Caribbean. Among its key messages is that the region will want to ensure that its investment requirements, especially for adaptation, are not overlooked.

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.