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Financial Impacts of Climate Change: An Overview of Climate Change-related Actions in the European Commission’s Development Cooperation. CEPS Working Document No. 305/September 2008

Behrens, Arno. (2008) Financial Impacts of Climate Change: An Overview of Climate Change-related Actions in the European Commission’s Development Cooperation. CEPS Working Document No. 305/September 2008. [Working Paper]

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    Abstract

    This paper analyses the variety of different external aid initiatives and financing mechanisms of the European Commission addressing climate change and development objectives, such as those stemming from the 2004 EU Action Plan on Climate Change and Development, from the Global Climate Change Alliance (GCCA) and those under the Thematic Programme for Environment and Sustainable Management of Natural Resources (ENRTP). The paper also outlines related Commission commitments with the European Investment Bank (EIB), the World Bank and the United Nations. While the European Commission has advanced a number of new initiatives, it seems that the complexity of responsibilities in the management of the current financing instruments requires organisational restructuring, a more transparent reporting mechanism and the development of better indicators to evaluate the impacts of those initiatives. Overall it appears that the Commission is just at the beginning of taking full account of climate change in development cooperation. Its contribution is rather limited in view of the financing needs related to climate change in developing countries, and innovative financing mechanisms should be sought together with member states and the private sector.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > External relations > development
    Other international institutions > UN
    EU policies and themes > Policies & related activities > budgets & financing
    EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Working Documents
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Apr 2009
    Page Range: p. 26
    Last Modified: 06 Apr 2012 12:26
    URI: http://aei.pitt.edu/id/eprint/9313

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