Sub-national Climate Assistance for the World’s Least-Developed Nations

In collaboration with Oxford University’s Oxford Climate Policy, the Institute is helping the world’s most disadvantaged nations cope with the costs of climate change. The Oxford Climate Policy Subnational Finance Project’s goal is to utilize sub-national financing bodies – mainly states, regions, and provinces that have carbon taxes or cap-and-trade systems – to allocate funds to the United Nation’s Least Developed Country Fund. This fund is currently administered by the Global Environment Facility and has received $961 million as of 2015. The Least Developed Countries comprise 48 nations and 880 million people. LDCs are highly disadvantaged, third world economies and are the most vulnerable to climate change effects. Sub-national financing focuses on state, regional and local government programs to assist financing critical, international projects.  For more information, contact Mark Arbonies marbonie@bu.edu.  For more information on Oxford Climate Policy, click here.

UPDATES

October 2016

Check out the latest publication, Two Unconventional Options to Enhance Multilateral Climate Finance, by Benito Müller, with contributions from Alexandra Kornilova, Ritika Tewari, and Carsten Warnecke.