Down to earth: territorial approach to climate change
The financial resources involved in a shift to a low-emission climate-resilient economy are daunting but not impossible to achieve. The key challenge however of financing the transition towards a low-emission society is to redirect existing and planned capital flows from traditional high-carbon to low-emission and climate-resilient investments. Through its TACC Facility and the Down to Earth: Territorial Approach to Climate Change (TACC) project, United Nations Development Programme (UNDP) assists sub-national governments in developing countries to prepare Low-emissions Climate-resilient Development Strategies (LECRDS) in line with their overall development plans. They help chart a development trajectory resilient to a range of possible future climate outcomes and redirect major public and private investments flows towards low-emissions development.