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The UNFCCC work programme on long-term finance

The UNFCCC work programme on long-term finance
16 pages

Authors
Gore, Tim

Publication date
13 Aug 2012

ISBN
978-1-78077-153-3

Publisher
Oxfam International

Type
Technical brief

New sources of climate finance must be found to curb the alarming shift in Official Development Assistance (ODA) to climate finance and to protect the development gains of recent decades. Climate change is an additional burden for poor countries, and requires additional resources to tackle it. The outcomes of the UNFCCC Work Programme on Long-term Finance will determine whether the goals of reaching the target of $100bn per year by 2020 committed to at Copenhagen, and keeping global warming below 2ºC, let alone the 1.5°C needed, will stay within reach. Oxfam believes that the UNFCCC Work Programme must lead to a breakthrough in delivery of scaled-up, new and additional, predictable finance for adaptation and mitigation in developing countries. This briefing examines financing needs, possible sources of finance and delivery mechanisms, and action needed at COP 18.

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