USAID has released its Climate Change and Development Strategy 2012-16 as part of President Obama’s Global Climate Change Initiative (GCCI). As part of the GCCI, the US Government said it would work with partners to provide “fast start” climate finance approaching $30 billion. Coordinated by Kit Batten, USAID Global Climate Change Coordinator, the strategy aims to support strategies to advance “clean development” in poor countries. Overall, it has been met positively by many in the development community.
To date, the GCCI has used a range of mechanisms – bilateral, multilateral and private – to build resilience to unavoidable climate impacts; reduce emissions from deforestation and land degradation; and support low-carbon development strategies and the transition to a clean energy economy. Two examples of USAID projects are:
Clean energy in India: $9 million leveraged $200 million in private sector investment, to bring online 381 megawatts of new electricity generation capacity using bagasse—a biofuel made from sugar cane waste—reducing carbon dioxide emissions by 26 million tons. This technology was then adopted by six more Indian power plants.
Avoiding deforestation in Indonesia: the US Government is combatting illegal logging, improving forest management and conservation, and reducing greenhouse gas emissions.
