The United Nations Development Programme (UNDP) launched a set of guidelines on 14 September aimed at helping developing nations access large amounts of money pledged for climate change initiatives.
“We’re giving governments a recipe on how to access more funding and how to improve management of climate change activities,” said Olav Kjorven, the UNDP assistant administrator and director of development policy.
“This guidebook can fundamentally change the way governments plan, finance and deliver on their climate policies,” he added.
According to a UNDP statement, more than 50 public funds, 45 carbon markets and 6,000 private equity funds provide billions of dollars worth of climate change funding.
Between 2009 and 2010, the organisation said, worldwide clean energy investment grew 30 per cent to reach $234 billion. But only a tenth of this money was currently going to non-members of the world’s largest 20 economies.