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June 2018
Union for the Mediterranean (UfM)
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.