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UNDP Launches Guidebook on Catalyzing Climate Finance

19 May 2011: The UN Development Programme (UNDP) has launched a publication titled "Catalyzing Climate Finance: A Guidebook on Policy and Financing Options to Support Green, Low-emission, Climate-resilient Development," which aims to enable countries to better assess the level and nature of assistance they will require to catalyze climate capital based on their national, regional and local circumstances.

The Guidebook, authored by Yannick Glemarec, UNDP Director for Environmental Finance, was launched on 19 May 2011, at UN Headquarters in New York, US. The launch event included a presentation of UNDP's approach to enhance the capacity of developing countries to formulate, finance and implement sustainable and inclusive development strategies, followed by a presentation of the main findings of the publication. The Guidebook indicates that developing countries will face three key climate finance challenges, namely: accessing new and innovative sources of climate finance; promoting synergies between development and climate finance; and using and delivering limited sources of public finance to catalyze climate capital. It notes that developing countries will require technical assistance to address these challenges, mitigate climate change impacts, and seize new opportunities associated with the transition to a low-emission climate-resilient society.

The publication is part of a series of manuals, guidebooks and toolkits to formulate green, low-emission and climate-resilient development strategies. This series of documents draws on the experience and information generated by UNDP's support for climate change adaptation and mitigation projects in about 140 countries over the past decade. [Publication: Catalyzing Climate Finance: A Guidebook on Policy and Financing Options to Support Green, Low-emission, Climate-resilient Development]