Introduction

The 19th COP is about to start in Warsaw and climate finance will be in the spotlight. Many UNFCCC stakeholders perceive climate finance to be one of the linchpins fastening the entire negotiation process. First of all, it is a legal fulfilment of developed countries' obligation vis-à-vis developing countries. Secondly, it is a key to closing the mitigation and adaptation gap. Thirdly, some also understand that the provision of means of implementation (finance, technology and capacity building) by developed countries will determine the level of commitment and buy-in of developing countries in the new climate deal in 2015. With only two years left before the COP in Paris that is expected to seal a global climate deal, there are but few political moments left to reassure developing countries that their domestic climate actions will be receiving international support. In this context, the COP in Warsaw is a critical time to provide the necessary assurance currently missing in the negotiations. The newsletter provides an update at the recent official meetings on climate finance and an overview of recent briefings and reports that provide interesting options and recommendations on how to bridge the current gap in climate finance and meet the 100 billion dollar commitment by 2020.

Report-backs from climate finance meetings

• The 5th GCF meeting in Paris
• The Adaptation Fund Board meeting

Literature review

• ODI, The effectiveness of climate finance: a review of the Global Environment Facility
• ECBI, Least Developed, Most Vulnerable: Have climate finance promises been fulfilled for the LDCs?
• Climate Strategies, Research to access impacts on developing countries of measure to address emissions in the international aviation and shipping sectors
• Climate Analytics, Cashing-up at the end of Fast Start Finance: What can we learn for Long-Term Finance?
• ECBI, Crowd-funding for Climate Change: A New Source of Finance for Climate Action at the Local Level?

Interesting / Useful links

CFAS has recently published two briefings to inform our readers on the following issues:

Guide to climate finance negotiations at COP19 in Warsaw and on financial instruments by Frankfurt school

The Unites States of America, the European Union, New Zealand and Japan have prepared submissions on strategies and approaches for mobilizing scaled-up finance (Decision 1/CP.18, paragraph 67).

Submission (170 kB) by Japan

Submission (260 kB) by New Zealand

Submission (148 kB) by the United States of America

Submission (365 kB) by the European Union

Return to the CFAS recommended reading