Who pays the handyman?
How do we generate the funds required for climate adaptation? At the Rotterdam conference a variety of strategies were discussed.
At COP15, last December in Copenhagen, the developed countries committed to providing more resources for climate change measures through international institutions. Nearly 30 billion USD has been pledged for the period 2010-2012, evenly divided between adaptation and mitigation. On top of that, these countries committed to mobilizing 100 billion USD annually by 2020 to address the needs of developing countries. The Rotterdam conference examined possible financing avenues. An annual 70 to 100 billion dollars will be needed to read more »