Climate Change | Pembina Institute

 

Briefing note on climate adaptation financing

Published Dec 1, 2009

By Clare Demerse

Canada has committed to help developing countries adapt to climate change, at an estimated cost of $1-5 billion per year, over and above Official Development Assistance (ODA). This briefing note outlines how that money could be raised through a federal cap-and-trade system, in which greenhouse gas emissions allowances are auctioned and a portion of the proceeds are dedicated to support climate adaptation in developing countries.

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