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Finance is a crucial enabler for an effective and progressive global response to the urgent threat of climate change. A recent analysis carried out under the project “International Climate Finance for Eastern Europe, the Caucasus, and Central Asia (EECCA)” showed that significant amount of international climate-related development finance was committed to the 11 countries* in the EECCA region over the period 2013–2014 though the amount of finance committed to each country significantly varies among those countries, and this is so even within the group of countries with similar levels of GDP per capita. The report also showed that scaled-up finance from various sources is needed for all the EECCA countries to accelerate actions to achieve the national and international climate goals.
*Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine and Uzbekistan
The first results of the analysis were presented at the Expert Workshop in July 2016 in Paris, that aimed to:
This project has been implemented under the GREEN Action Programme hosted by the OECD with the financial support of the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety. The meeting was attended by the delegates from the governments of the EECCA countries, the representatives of their development co-operation partners and the delegates from the OECD countries.
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