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)

The paper was produced in conjunction with ECBI