There is an urgent need for a major reform of the financing arrangements under the UNFCCC. This includes both the scale of the financing as well as the governance. The promises made at Copenhagen regarding the levels of funding address one of the concerns. But issues of governance are still to be resolved and the ongoing negotiations are addressing only part of story the arrangements at the center. The purpose of this Policy Brief is to provide some background for the much needed discussions for the other side of the story what happens at the national level.
This Policy Brief is part of a series of publications, reports and briefs on issues regarding the UNFCCC Financial Mechanism where the idea of the need for devolution of responsibility to the national level and the need for national funding entities were introduced.(click here for more detail)
This paper was produced in conjunction withECBI