Ricardo-AEA appointed by European Commission to advise on the future direction of climate finance

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Press release
Release date: 6 February 2014

Ricardo-AEA has been awarded two contracts to provide the European Commission with advice on the future direction of climate finance.

The first project entitled ‘Scaling Up Climate Finance in 2014 and Beyond’ will inform the EU’s negotiating position on climate finance and help to catalyse political momentum in support of an ambitious post-2020 global climate agreement at COP21 in Paris in 2015. It will focus on how climate finance can best be deployed to finance meaningful mitigation actions in developing countries, along with the latest reporting by EU Member States on current climate finance being provided to developing countries.  The project will also analyse entries in the NAMA Registry, assessing their quality and eventual possibility of attracting financial support. Ricardo-AEA is leading this project for the Commission’s Directorate-General for Climate Action (DG CLIMA) in collaboration with Triple E Consulting and Stockholm Environment Institute.

The second project, ‘Climate development projects: lessons from 2007-2013, inputs for 2014-2020’, will help DG CLIMA to prepare for an increase in development aid as the EU moves towards its target that 20 percent of aid should be climate-relevant.  The team will carry out an analysis of EU climate development projects to date and the lessons learned, and will develop a knowledge management tool to capture lessons from climate development projects. 

The study will draw on the team’s understanding of the effectiveness of aid, particularly in relation to climate-development projects, international climate-finance negotiations and the new global climate agreement.  Ricardo-AEA is leading this project for DG CLIMA, supported by Triple E Consulting. 


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