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Financial Engineering of Climate Investment in Developing Countries

Nationally Appropriate Mitigation Action and How to Finance It

Søren E. Lütken

Financial Engineering of Climate Investment in Developing Countries

This book gives the first no-nonsense, hands-on account of the financing principles and perspectives for Nationally Appropriate Mitigation Actions against climate change.

Imprint: Anthem Press
ISBN 9781783084272
March 2015 | 174 Pages | 229 x 152mm / 9 x 6 | 20+ tables and figures
PRICE:  £25.00  /  $40.00  Buy from Amazon.co.uk  Buy from Amazon.com

About This Book

‘Green Climate Fund and donors take note!’ —Ash Sharma, Vice President, Carbon Finance and Funds, Nordic Environmental Finance Corporation

‘Lütken’s book gives an excellent overview of the state of NAMAs as well as a fine analysis of the challenges ahead. Its strength lies in his focus on financial engineering, which can contribute to both reducing costs of desirable initiatives and tapping the existing financial system with known agents and finance products.’ —Jan Vassard, Deputy CEO, Danish Export Credit Agency (EKF)

‘Lütken addresses the challenge of NAMA financing head-on and rightly stresses that there is no “magic bullet”. Development practitioners and climate policy developers alike will find lots of food for thought in this book.’ —Axel Michaelowa, Senior Founding Partner, Perspectives GmbH

The Nationally Appropriate Mitigation Action (NAMA) is the new kid on the block in the battle against climate change. The NAMA is the most decisive instrument devised to address the fact that today the only source of growing emissions are the world’s developing countries. But as it is based purely on voluntarism it crucially depends on financing models that can lift the concept off the ground. This book provides the first insights as to how this concept can deliver on its promise – and challenges some of the fundamental mantras in international climate change collaboration.

Readership: This book would be useful to NAMA developers in developing countries and desk officers in financial and environmental institutions.

Author Information

Søren E. Lütken is a senior adviser at the UNEP Risø Centre located at the Danish Technical University.

Table of Contents

List of Figures and Tables; List of Abbreviations; Foreword; Preface; Chapter 1 Introduction; Part I What Is; Chapter 2 Climate Change and Nationally Appropriate Mitigation Action; Chapter 3 Learning from the CDM; Chapter 4 Defining NAMA Finance; Chapter 5 The Financing Tools . . .; Chapter 6 . . . And the Financiers; Chapter 7 Engineering and Leveraging the Finance; Part II What Ought to Be; Chapter 8 Challenges to NAMA Finance – Mandates, Aggregation and Lack of Instruments; Chapter 9 Roles of the Green Climate Fund; Chapter 10 Conclusion; Notes; References; Index