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:
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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[...] though Parties postponed addressing sources of finance and commitments, instead taking note of the report of the U.N. Secretary General’s Advisory Group on Finance (AGF) and designating a Standing Committee for the Fund to mobilize resources for long-term financing. [...]