Carbon markets or climate finance? : low carbon and adaptation investment choices for the developing world / edited by Axel Michaelowa.

Includes bibliographical references and index.

1. The Clean Development Mechanism gold rush / Axel Michaelowa and Jorund Buen -- 2. Development cooperation and climate change : political-economic determinants of adaptation aid / Katharina Michaelowa and Axel Michaelowa -- 3. How Brazil and China have financed industry development and energy security initiatives that support mitigation objectives / Jorund Buen and Paula Castro -- 4. The adaptation fund : towards resilient economies in the developing world / Izabela Ratajczak-Juszko -- 5. Fast-start finance : scattered governance, information and programmes / Martin Stadelmann, Jessica Brown and Lena Hörnlein -- 6. New market mechanisms for mitigation : getting the incentives right / Sonja Butzengeiger ... [et al.] -- 7. Mobilizing mitigation policies in the south through a financing mix / Daisuke Hayashi and Stefan Wehner -- 8. Market mechanisms for adaptation : an aberration or a key source of finance? / Axel Michaelowa, Michel Köhler and Sonja Butzengeiger -- 9. Harnessing the financial markets to leverage low-carbon technology diffusion / Katie Sullivan -- 10. Climate finance and backstop technologies / Sonja Butzengeiger and Axel Michaelowa -- 11. Manoeuvring climate finance around the pitfalls : finding the right policy mix / Axel Michaelowa.

"After the failure of the Copenhagen conference, climate finance has become the buzzword of international climate negotiations. A "fast-track" volume of 30 billion $ has been promised by industrialised countries for emissions mitigation and adaptation activities in developing countries. A frantic race for access to these funds has begun with little consideration of how an effective allocation could be achieved. This could lead to a backlash against climate finance once the first headlines about misuse of funds ap10. pear. This book builds on a decade-long experience with mechanisms provided by the Kyoto Protocol and the UN Framework Convention on Climate Change. It discusses the challenges of climate finance in the context of the post-Copenhagen negotiations and provides a long-term outlook of how climate finance in developing countries could develop. Written by climate finance experts from academia, carbon finance businesses and international organisations, the book provides background, firsthand insights, case studies and analysis into the complex subject area of climate finance"-- Provided by publisher.

Also available as an electronic resource.