CFAS Guide

The CFAS Guide, published in November 2014 by the Climate and Development Knowledge Network, provides a technical synopsis of climate finance negotiations under the UNFCCC to support stakeholders participating in the 20th Conference of the Parties (COP20) in Lima, Peru. It details the status of long-term finance goals, the operationalization of the Green Climate Fund, the financial constraints of the Adaptation Fund, and the role of the Standing Committee on Finance in improving the measurement, reporting, and verification (MRV) of climate finance flows.

• Developed countries have a joint commitment to mobilize US$ 100 billion per year by 2020 to support mitigation and adaptation in developing countries. To ensure predictability, the COP in Warsaw urged developed countries to maintain the continuity of public climate finance at increasing levels and to allocate a substantial share of these funds specifically to adaptation activities.
• The Green Climate Fund (GCF) progressed toward full operationalization in 2014 by approving eight essential requirements, including a Guiding Framework for Accreditation, a Results Management Framework, and a Financial Risk Management and Investment Framework. The GCF Board established a 50:50 allocation between adaptation and mitigation, with 50% of adaptation funds reserved for the most vulnerable countries, including African States, Least Developed Countries, and Small Island Developing States.
• A pledging conference in Berlin on November 19-20, 2014, resulted in US$ 9.3 billion from 22 donors, including the USA, Japan, UK, Germany, and France. Some developing countries, such as Mexico, Indonesia, South Korea, Panama, and Mongolia, also pledged contributions. Total pledges were expected to reach US$ 10 billion by the end of the year, though civil society called for US$ 15 billion.
• The Adaptation Fund is experiencing severe financial constraints due to a collapse in the price of Certified Emission Reductions (CERs). Revenues from CER sales fell from US$ 100 million in 2010 to US$ 1.8 million in 2013, making the Fund increasingly dependent on voluntary contributions from developed countries. The Fund set a fundraising target of US$ 80 million by the end of 2014.
• The Standing Committee on Finance (SCF) conducted a Biennial Assessment (BA) of climate finance flows to improve measurement, reporting, and verification (MRV). The SCF proposed a tentative definition of climate finance as finance that "aims to reduce emissions and enhance sinks of greenhouse gases and that aims to reduce vulnerability of, and to [maintain/] enhance the resilience of human and ecological systems to climate change impacts."
• The Global Environment Facility (GEF) finalized its sixth replenishment process in April 2014 with total donor pledges of US$ 4.43 billion. The GEF also administers the Least Developed Countries Fund (LDCF) and the Special Climate Change Fund (SCCF), and has been requested to clarify its concept of co-financing.
• The Least Developed Countries Fund (LDCF) has supported 146 NAPA implementation projects and programs across 48 countries, with total approved adaptation project support of $823.95 million and $3.79 billion in mobilized co-financing. Cumulative pledges to the LDCF reached $906.64 million as of June 30, 2014.
• Negotiations under the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) showed disagreement over whether Intended Nationally Determined Contributions (INDCs) should include financial provisions. While most developed countries preferred restricting INDCs to mitigation, some developing countries argued that financial provisions are necessary to unlock ambition and enable national planning.
• The SCF identified a need to streamline forest financing, which is currently fragmented across various multilateral and bilateral channels. The SCF recommended that the GCF support the two phases of REDD-plus and consider establishing a specific window for REDD-plus to improve coherence and coordination.

APA

Eckstein, D., Kaloga, A., Mazounie, A., Harmeling, S., Chhetri, R., & Imelda, H. (2014). CFAS Guide. Climate and Development Knowledge Network. http://cdkn.org/wp-content/uploads/2014/12/CFAS-GUIDE-to-Climate-Finance-at-COP20.pdf

Chicago

Eckstein, David, Alpha Kaloga, Alix Mazounie, Sven Harmeling, Raju Chhetri, and Henriette Imelda. CFAS Guide. Climate and Development Knowledge Network, 2014. http://cdkn.org/wp-content/uploads/2014/12/CFAS-GUIDE-to-Climate-Finance-at-COP20.pdf.

Wikipedia

{{cite report |last1=Eckstein |first1=David |last2=Kaloga |first2=Alpha |last3=Mazounie |first3=Alix |last4=Harmeling |first4=Sven |last5=Chhetri |first5=Raju |last6=Imelda |first6=Henriette |title=CFAS Guide |publisher=Climate and Development Knowledge Network |date=November 2014 |url=http://cdkn.org/wp-content/uploads/2014/12/CFAS-GUIDE-to-Climate-Finance-at-COP20.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{eckstein2014cfas, author = {Eckstein, David and Kaloga, Alpha and Mazounie, Alix and Harmeling, Sven and Chhetri, Raju and Imelda, Henriette}, title = {{CFAS Guide}}, institution = {Climate and Development Knowledge Network}, year = {2014}, month = nov, url = {http://cdkn.org/wp-content/uploads/2014/12/CFAS-GUIDE-to-Climate-Finance-at-COP20.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }