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Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States

Caribbean Small Island Developing States (SIDS) are highly vulnerable to the impacts of climate change. Given high mitigation and adaptation costs and constrained domestic finances, they seek international funding to meet their climate objectives. This paper investigates Caribbean SIDS perspectives...

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Autor principal: Mohan, Preeya S.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Netherlands 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10147898/
https://www.ncbi.nlm.nih.gov/pubmed/37153138
http://dx.doi.org/10.1007/s11027-023-10062-9
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author Mohan, Preeya S.
author_facet Mohan, Preeya S.
author_sort Mohan, Preeya S.
collection PubMed
description Caribbean Small Island Developing States (SIDS) are highly vulnerable to the impacts of climate change. Given high mitigation and adaptation costs and constrained domestic finances, they seek international funding to meet their climate objectives. This paper investigates Caribbean SIDS perspectives on the role of international climate finance in addressing climate change and its effectiveness in meeting climate goals. The paper first explored the climate financing needs of sixteen Caribbean SIDS through a content analysis of their Nationally Determined Contributions (NDCs). It then compares the climate finance needs of the region with international climate finance commitments received by examining climate finance trends using data from the Organization for Economic Cooperation and Development (OECD) Development Assistance Committee’s (DAC) Creditor Reporting System (CRS). The study revealed large gaps in estimating the climate finance needs of the region, as well as important patterns in the way climate finance is being distributed across mitigation, adaptation and overlap activity; principal versus significant climate objective; recipient country; sector; and source and type of funding. These findings are useful to help countries make decisions about how international climate finance should be used, and how its impacts should be evaluated and a basis for climate finance negotiations and dialogue with bilateral development partners and multilateral climate funds, and to assess whether available funds are being put to good use and identify problems that need to be addressed.
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spelling pubmed-101478982023-05-01 Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States Mohan, Preeya S. Mitig Adapt Strateg Glob Chang Original Article Caribbean Small Island Developing States (SIDS) are highly vulnerable to the impacts of climate change. Given high mitigation and adaptation costs and constrained domestic finances, they seek international funding to meet their climate objectives. This paper investigates Caribbean SIDS perspectives on the role of international climate finance in addressing climate change and its effectiveness in meeting climate goals. The paper first explored the climate financing needs of sixteen Caribbean SIDS through a content analysis of their Nationally Determined Contributions (NDCs). It then compares the climate finance needs of the region with international climate finance commitments received by examining climate finance trends using data from the Organization for Economic Cooperation and Development (OECD) Development Assistance Committee’s (DAC) Creditor Reporting System (CRS). The study revealed large gaps in estimating the climate finance needs of the region, as well as important patterns in the way climate finance is being distributed across mitigation, adaptation and overlap activity; principal versus significant climate objective; recipient country; sector; and source and type of funding. These findings are useful to help countries make decisions about how international climate finance should be used, and how its impacts should be evaluated and a basis for climate finance negotiations and dialogue with bilateral development partners and multilateral climate funds, and to assess whether available funds are being put to good use and identify problems that need to be addressed. Springer Netherlands 2023-04-29 2023 /pmc/articles/PMC10147898/ /pubmed/37153138 http://dx.doi.org/10.1007/s11027-023-10062-9 Text en © The Author(s), under exclusive licence to Springer Nature B.V. 2023. Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Original Article
Mohan, Preeya S.
Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States
title Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States
title_full Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States
title_fullStr Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States
title_full_unstemmed Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States
title_short Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States
title_sort financing needs to achieve nationally determined contributions under the paris agreement in caribbean small island developing states
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10147898/
https://www.ncbi.nlm.nih.gov/pubmed/37153138
http://dx.doi.org/10.1007/s11027-023-10062-9
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