Cancun Summit hosted the launch of Climate Finance Options to help developing countries access climate funding.
The World Bank and the UN Development Programme (UNDP) yesterday launched new Climate Finance Options on a new website to make it easier for developing countries to access the myriad of grants, funds and loans intended to support climate change projects.
The announcement of the new Climate Finance Options was made on the sidelines of the Cancun climate change summit with the aim to make it easier for policymakers and entrepreneurs to find their way within the growing number of financing mechanisms that have emerged as industrialised nations attempt to provide $30bn of climate funding over the next three years. For many developing countries, accessing climate finance from the growing number of funds is a complex and time-consuming business. The Climate Finance Options come as a result of this difficulty.