Financing Environmental Services in Developing Countries
Current international financing (primarily ODA) for environmental services in developing countries is very roughly estimated to be upwards of $21 billion annually (not including climate change financing), but additional resources on the order of te...
Main Authors: | , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2017
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/100131468330884916/Financing-environmental-services-in-developing-countries http://hdl.handle.net/10986/27443 |
Summary: | Current international financing
(primarily ODA) for environmental services in developing
countries is very roughly estimated to be upwards of $21
billion annually (not including climate change financing),
but additional resources on the order of tens, if not
hundreds, of billions of dollars are needed. In 2009,
environmental ODA was estimated at $18 billion with a few
billion more delivered through philanthropic and
market-based financing channels. Although there are only a
few studies of the additional financing needed, and those
are relatively narrow in scope, the estimates that are
available clearly indicate that significantly higher levels
of finance still need to be reached. Additionally, the
impacts of environmental finance on environmental
sustainability and development objectives are poorly
understood. Systematic reviews of previous experience, and
standardized monitoring in the future, would support the
countries and projects monitored, while also providing
important lessons for the broader development and
environment communities. |
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