What is UNDPs approach to carbon finance?
UNDP follows a comprehensive, three-step approach to carbon finance in the developing world. On a country-by-country basis, this approach commences with removing policy barriers to direct investments in climate-friendly technologies, then proceeds to assisting in the establishment of effective host country procedures for Clean Development Mechanism or Joint Implementation review and approval. In the final stage, the Facility works to: Leverage UNDP’s local presence to identify priority sectors and opportunities; Develop emission reduction projects that can be used as “showcase” projects to increase private-sector interest in, and understanding of, carbon finance; and Compile, analyse and disseminate experiences and lessons learned. The Facility aims to expand the carbon market into under-represented countries and regions, attract substantial direct investment from the private sector, and support emission reduction projects with significant benefits to the Millennium Development Goals (
