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 ESCWA region

The energy sector of the ESCWA region has played and will continue to play an important role globally as well as within the region. It serves as a main source of revenue through oil and (to a lesser extent) gas export and it could potentially satisfy energy needs for economic and social development. However, more than 20% of the population in rural and urban poor areas do not have access to energy services and as many are highly underserviced. Moreover, in many cases, the efficiency of energy production and consumption in the region requires improvement.

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