30 November 2010: The World Bank and UN Development Programme (UNDP) have launched a Climate Finance Options platform, which allows users to track climate-change related finance by region, focus area, sector or financing mechanism.

Launched under the chapeau “Acting on Climate Change: The UN System Delivering As One,” the database seeks to respond to information needs on the multitude of funds available for climate action in developing countries. The platform aims to help stakeholders in developing countries such as project developers and local government officials orient themselves in the field of climate finance and find most suitable sources of funds.
“Accessing finance from the growing number of climate funds – all with different criteria and requirements – is a complex and time-consuming business for many developing countries,” said Andrew Steer, World Bank Group Special Envoy for Climate Change. “This website disentangles the spaghetti, providing user-friendly information that will help officials, NGOs and entrepreneurs to tap into finance with a minimum of fuss.” [The Platform]