UN Climate Statement / 01 Dec, 2014
Clean Development Mechanism to Leverage Private Finance

Finance will be a central pillar of the 2015 climate change agreement. Governments want a transformational shift in investment patterns, driving faster, greener sustainable development.

The Clean Development Mechanism is a proven, existing mechanism under the United Nations Framework Convention on Climate Change (UNFCCC) which has leveraged, and can continue to leverage, private investment at a ratio of 10 times the amount of public funds allocated.

As governments enter the final year of negotiations before reaching a new, global climate change agreement, the Executive Board of the Clean Development Mechanism (CDM) wants to ensure that Parties under the UNFCCC are aware that the CDM is just such an effective tool which is already at their disposal, delivers results under all their key principles, including transparency and environmental integrity, and has the potential to do so at even greater scale.

The Board's full message to Parties can be accessed in the Pdf document below.