el abc del financiamiento para el clima

The document criticizes the 'Copenhagen Accord' for shifting the burden of climate action to developing nations and promoting private finance over public obligations. It highlights how global banks like Barclays and Santander, and corporations like Shell and Lafarge, use carbon markets and REDD projects for 'greenwashing' and profit. The report concludes that climate finance should be mandatory, public, and managed by the UN to ensure it serves the most vulnerable populations rather than corporate interests.

• The Copenhagen Accord is described as a flawed agreement that removes binding emission reduction commitments for Annex 1 countries and promotes private financing and market mechanisms over public responsibility.
• The financial target of US$100 billion per year by 2020 is considered insufficient compared to the needs of developing countries, which some estimates suggest should be 1.5% to 6% of Annex 1 GDP.
• There is a significant risk that public funds are being 'recycled' or recategorized from existing development aid rather than being 'new and additional' funds, as seen in the United Kingdom's contributions.
• Annex 1 governments are accused of prioritizing dangerous or unproven technologies, such as nuclear energy, biofuels, and carbon capture and storage, over safer alternatives.
• Investment banks are aggressively entering carbon markets to profit from trading and brokerage; Barclays Capital is identified as a leading actor in this US$144 billion market.
• The report alleges that oil companies use REDD (Reducing Emissions from Deforestation and Forest Degradation) projects as 'greenwashing' to maintain their image while continuing environmental destruction, citing Shell's Rimba Raya project in Indonesia.
• The report criticizes the World Bank for its influence over climate finance, noting its continued investment in 'dirty coal' and its role in promoting private-sector-led solutions.
• The document recommends a 'Robin Hood Tax' on financial transactions and levies on international flights to generate a minimum of US$200 billion annually for developing countries.

APA

Elosegui, J., & Valdomir, S. (2010). el abc del financiamiento para el clima. Friends of the Earth International. https://www.foei.org/wp-content/uploads/2020/12/5210-foei-climate-finance-report-esp-10-mr.pdf

Chicago

Elosegui, José, and Sebastián Valdomir. el abc del financiamiento para el clima. Friends of the Earth International, 2010. https://www.foei.org/wp-content/uploads/2020/12/5210-foei-climate-finance-report-esp-10-mr.pdf.

Wikipedia

{{cite report |last1=Elosegui |first1=José |last2=Valdomir |first2=Sebastián |title=el abc del financiamiento para el clima |publisher=Friends of the Earth International |date=December 2010 |url=https://www.foei.org/wp-content/uploads/2020/12/5210-foei-climate-finance-report-esp-10-mr.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{elosegui2010abc, author = {Elosegui, José and Valdomir, Sebastián}, title = {{el abc del financiamiento para el clima}}, institution = {Friends of the Earth International}, year = {2010}, month = dec, url = {https://www.foei.org/wp-content/uploads/2020/12/5210-foei-climate-finance-report-esp-10-mr.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }