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Financing Global Climate Change Mitigation

image of Financing Global Climate Change Mitigation
This publication addresses the massive investments that will be required in addition to the mobilization of substantial new financial resources that will be needed in order to continue the fight on global climate change. The first part (chapters 1 through 4) provides a review of the existing mechanisms that channel funds to energy efficiency and renewable energy (EERE) projects and understand the success factors in designing EERE financing mechanisms. Part two (chapters 5 through 9) provides a review of the technical, economic, and regulatory conditions in each region and a summary of main activities undertaken by national governments and international institutions, with a particular regard to the work of the UN regional Commissions.

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The ESCAP region

The ESCAP region is characterised by vast social, economic, geographic and development disparities. The region consists of 53 member states and 9 associate member states, including emerging powerhouses such as China and India, large landmasses with considerable fossil fuel resources such as the Russian Federation and the Islamic Republic of Iran, many small island developing states and some of the poorest and least developed countries in the world, including Afghanistan, Bangladesh, Cambodia, Timor-Leste, Tuvalu and Samoa.

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