The role of sector no-lose targets in scaling up finance for climate change mitigation activities in developing countries

The international climate change community is urgently looking for means to ‘scale up’ investments in clean technology and systems worldwide, especially in developing countries. The need for this to happen is signalled by the recent fourth assessment of the IPCC, in particular by Working Group III which noted: With current climate change mitigation policies and related sustainable development practices, global GHG emissions will continue to grow over the next few decades: CO2 emissions between 2000 and 2030 from energy use are projected to grow 45 to 110% over that period. Two thirds to three quarters of this increase in CO2 emissions is projected to come from nonAnnex I regions, with their average per capita energy CO2 emissions being projected to remain substantially lower than those in Annex I regions in 2030. Currently, the Clean Development Mechanism (CDM) is the only contribution by developing countries that is formally acknowledged under the international climate change regime. The need for something more than the current CDM is well documented, in particular something that addresses the scale issue by going beyond a project by project approach