An innovative approach: The German use of ETS revenues for national and international climate financing

Especially after the failure of the Climate Conference in Copenhagen in December 2009 it has become an essential question, how an appropriate and  predictable financing of climate-related issues can be ensured. Climate financing is a key issue within the framework of international climate negotiations and works as a crucial trust building element between industrialised and developing countries. The expectations are high: Developed countries committed in Cancun 2010 to jointly mobilise 100bn USD per year by 2020. Until that point, the amount should increase gradually. According to the AGF-report it will be “challenging but feasible” to meet this goal.