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Financing sustainable development: country undertakings and rights for environmental sustainability (CURES)

Grafton, R. Quentin; Jotzo, Frank; Wasson, Merrilyn


We propose a global mechanism to finance sustainable development (SD) that offers a number of advantages over the current Global Environmental Facility (GEF). The mechanism would be multinational, provide incentives for rich and poor countries to promote SD, incorporate the principle of common, but differentiated, responsibilities and link incentives and funding for SD to structural benchmarks and performance targets. It would operate as a large fund into which rich countries would pay based on...[Show more]

CollectionsANU Research Publications
Date published: 2004
Type: Working/Technical Paper
Source: Ecological Economics
DOI: 10.1016/j.ecolecon.2004.04.003


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