November 28, 2010

Keeping a Big Promise: Options for Baselines to Assess "New and Additional" Climate Finance

by Martin Stadelmann, J. Timmons Roberts and Axel Michaelowa

- All major climate policy agreements - the UN Framework Convention, the Kyoto Protocol and recently the Copenhagen Accord - have stated that climate finance for developing countries will be "new and additional". However, the term "new and additional" has never been properly defined. We explore eight different options for a baseline, and assess each according to several criteria: novelty to existing pledges, additionality to development assistance, environmental effectiveness, distributional consequences, and institutional and political feasibility.


Stadelmann, M., J.T. Roberts and A. Michaelowa (2010). "Keeping a Big Promise: Options for Baselines to Assess "New and Additional" Climate Finance." CIS Working Paper No. 66, 2010, Nov 2010.