chapter
21 Pages

Notes

Access to finance is frequently cited as one of the key requirements for addressing climate change. Commitments to financing were central to the Bali Action Plan adopted at COP-13. The heart of the agreement, expressed in Paragraph 1(b), conditions 'nationally appropriate mitigation actions by developing country Parties' on the provision of 'technology, financing and capacity-building'. The importance of com m itm ents to financial assistance, investm ent and technology transfer to developing countries is emphasized in the follow ing paragraphs, w hich identify some of the expectations to be addressed during the negotiating process to go on until COP-15 in Copenhagen. Resources should be additional, adequate, predictable and sustainable; 'positive incentives' should be created for developing-country im plem entation of m itigation strategies; innovative means of funding for m eeting the costs of adaptation by particularly vulnerable countries; public-and private-sector funding and investm ent should be mobilized (Para. 1(e)).