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    • Market Forces

    Economic Incentives = Environmental Gains

    $100 billion in 1000 words

    Posted: in 1000 words, International

    Written By

    Gernot Wagner
    Gernot Wagner

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    The Copenhagen Accord enshrined $100 billion as the target for north-south climate finance flows by 2020. Earlier this month, the U.N. high-level Advisory Group on climate change Financing (AGF) issued its final report on how to get there.

    My colleague Miriam Chaum and I tried to summarize the 80-page report in 1000 words:

    AGF report, middle carbon price scenario ($25/tCO2e in 2020). Ranges are for the middle price scenario and span net and gross flows, where applicable.

    The main message is clear: $100 billion are out there. The big question is whether we can muster the political will to put the right incentives in place and indeed free them.

    Some more messages and background in this short, one-page AGF fact sheet [PDF].

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