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Financing for Developing Countries

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Financing for Developing Countries

This background paper describes the role and profile of climate change financing for developing countries in a new international post-2012 climate change regime. The paper provides a general overview of the issue, identifying needs and current funding levels, and then conducts a review of financing proposals and potential forms of governance discussed in the negotiations. We also examine a series of critical issues such as availability of funds, contingencies for access and accounting systems. The conclusion looks at the questions that remain to be answered as the world moves forward to the creation of a post-2012 climate change regime.