This background paper addresses financing issues relating to mitigation and adaptation in developing countries under the UNFCCC. The paper reviews current funding mechanisms, proposals for additional funding sources, and a proposal relating to what should be funded and mechanisms to structure a new financial agreement.
The information in this paper provides input to the analysis in the main report of the series, Global Climate Change Goals: Encouraging Developing Country Participation and should be read in conjunction with that report. The second background paper in the series is, State of the Carbon Market: How the future market can encourage developing country participation.
