Regional implications of the AGF recommendations: Latin America and Caribbean region - Special Issue

This briefing outlines the implications of the United Nations Secretary’s High-Level Advisory Group on Climate Change Finance (AGF) recommendations for Latin America and the Caribbean, focusing on private sector mobilization, emission reduction frameworks, and the reliability of climate finance revenues.

• The AGF was established in February 2010 to determine how industrialized nations could mobilize US$100 billion annually by 2020 to assist climate-resilient development in developing countries. The group comprised 21 public and private sector members and was co-chaired by Ethiopia's Prime Minister Meles Zenawi and Norway's Prime Minister Jens Stoltenberg.
• For Latin America, the AGF's recognition of the private sector's role in low-carbon development necessitates the quick establishment of a framework to reduce emissions resulting from land-use change and deforestation. Additionally, the region is encouraged to utilize public sector catalysis to achieve 'transformational investments' from private sources.
• While the AGF's goal of raising revenues through incentives for developed countries to lower emissions is welcomed, it creates risks regarding revenue reliability. These risks could be mitigated by credible commitments from developed nations to reduce emissions. Furthermore, while some AGF revenue sources might hinder development in the LAC region, compensation arrangements could be implemented, and the region must ensure adaptation investment needs are addressed.

APA

Climate and Development Knowledge Network (2010). Regional implications of the AGF recommendations: Latin America and Caribbean region - Special Issue. https://cdkn.org/resource/regional-implications-of-the-agf-recommendations-latin-america-and-caribbean-region-special-issue

Chicago

Climate and Development Knowledge Network. Regional implications of the AGF recommendations: Latin America and Caribbean region - Special Issue. 2010. https://cdkn.org/resource/regional-implications-of-the-agf-recommendations-latin-america-and-caribbean-region-special-issue.

Wikipedia

{{cite report |author=Climate and Development Knowledge Network |title=Regional implications of the AGF recommendations: Latin America and Caribbean region - Special Issue |date=1 December 2010 |url=https://cdkn.org/resource/regional-implications-of-the-agf-recommendations-latin-america-and-caribbean-region-special-issue |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climateanddevelopmentknowledgenetwork2010regional, author = {{Climate and Development Knowledge Network}}, title = {{Regional implications of the AGF recommendations: Latin America and Caribbean region - Special Issue}}, institution = {Climate and Development Knowledge Network}, year = {2010}, month = dec, url = {https://cdkn.org/resource/regional-implications-of-the-agf-recommendations-latin-america-and-caribbean-region-special-issue}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }