Syndicate content

Official Development Assistance

Adding climate finance to our promises

Kseniya Lvovsky's picture
Photo © istockphoto.com

Here is the sad truth: Presently, the resources available for developing countries to address the impacts of climate change cover 5% of estimated needs by 2020.

One of the challenges is to mobilize the resources needed without dipping into the same basket of current official development assistance (ODA). Another challenge is to measure and monitor what is 'new and additional' from the complex web of sources and channels.

More than a technical exercise, it is a useful tool to build trust and accountability with developing countries to show that assistance is being delivered in line with promises made.