Adaptation finance under a Copenhagen agreed outcome
Adopted at the thirteenth session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC COP 13) in December 2007, the Bali Action Plan (BAP) raised the political status of adaptation and opened discussions on international adaptation finance. Since COP 13, financing has in fact proved to be a significant stumbling block in climate change negotiations under the UNFCCC. This report provides a comprehensive reporting and analysis of the issues and principles underlying this impasse, as well as the most current proposals and options on adaptation financing available to Parties. In so doing, this report presents options for overcoming obstacles and reaching an agreement on adaptation financing as part of a Copenhagen Agreed Outcome at COP 15 in Copenhagen in December, 2009. It submits that such an agreement on adaptation financing is in fact vital to reaching a post-2012 international agreement on climate change.