ABSTRACT
The international community has stated a commitment to provide ‘new and additional’ 2 funding to make adaptation to climate change a reality. It is still unclear, though, how much funding will be required, how much of it will be raised or from whom and on what principle, and – most importantly – how and what spending decisions will be made. What is clear is that, to be effective, any funding mechanism(s) to emerge from the current structure of fragmented agencies will have to be both transparent and accountable. 3 Reducing corruption, increasing transparency and getting the system right from the beginning means making sure that financial flows are traceable and that information is available on where they come from, where they go and how they are spent. 4
