In the context of the Paris Agreement adopted by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in December 2015 the Union for the Mediterranean (UfM) through the UfM Secretariat (UfMS) started to look at the financial flows committed to the UfM region by IFIs and other donors. In 2009, developed countries pledged to raise 100 billion USD per year by 2020 to finance global climate action. The UfM investigates how much of this funding reaches the UfM region and how this funding is tracked and reported on.
In addition, the different eligibility requirements have been analysed in a comparative analysis with a view to giving the beneficiaries of climate finance in the region first insights into better targeting the right sources of funding and what are the access requirements.
In particular, the countries that receive limited international climate finance at present will benefit from categorizing and comparing the funding opportunities in this briefing. After a comparative overview matrix of main groups of funding sources the groups are investigated in more detail using strengths, weaknesses, opportunities, and threats (SWOT) analyses, followed by describing how to make use of the different sources best and related issues.