CFAS Guide

The CFAS Guide outlines the state of climate finance negotiations leading up to COP20 in Lima, focusing on long-term funding goals, the operationalization of the Green Climate Fund, and the roles of various financial mechanisms under the UNFCCC.

• Developed countries are urged to maintain the mobilization of public climate finance to meet the joint goal of mobilizing US$100 billion per year by 2020, with a substantial portion directed toward adaptation activities.
• There is significant disagreement regarding whether Intended Nationally Determined Contributions (INDCs) should include financial provisions; developed nations prefer limiting them to mitigation, while some developing nations argue financial commitments are necessary to unlock their ambition.
• The Green Climate Fund (GCF) has worked toward final operationalization by establishing eight 'essential requirements' for receiving and disbursing funds, including an Accreditation Framework and a Financial Risk Management Framework.
• Initial resource mobilization for the GCF's capital formation reached approximately US$9.3 billion from 22 donors at a November 2014 conference in Berlin, though this fell slightly short of the US$10 billion target.
• The Adaptation Fund faces severe financial difficulties due to the collapse of carbon prices, with revenues from the sale of Certified Emission Reductions (CERs) dropping from US$100 million in 2010 to US$1.8 million in 2013.
• The Standing Committee on Finance (SCF) is working to address the fragmentation of forest financing, specifically regarding REDD+, and has recommended that the GCF support both phases of REDD+ through a specific window.
• The Global Environment Facility (GEF) reported that 48 countries have implemented 146 projects and programs related to National Adaptation Plans (NAPs), supported by US$872.63 million from the Least Developed Countries Fund (LDCF).
• The Warsaw International Mechanism (WIM) for Loss and Damage is focusing on managing risks through financial instruments and tools, with priority activities for 2015 including the generation of best practice information and encouraging private investors to incorporate climate risk.

APA

Eckstein, D., Kaloga, A., Mazounie, A., Harmeling, S., Chhetri, R., & Imelda, H. (2014). CFAS Guide. Climate and Development Knowledge Network. https://cdkn.org/sites/default/files/files/El-estado-de-las-finanzas-del-clima-en-la-COP20-Lima.pdf

Chicago

Eckstein, David, Alpha Kaloga, Alix Mazounie, Sven Harmeling, Raju Chhetri, and Henriette Imelda. CFAS Guide. Climate and Development Knowledge Network, 2014. https://cdkn.org/sites/default/files/files/El-estado-de-las-finanzas-del-clima-en-la-COP20-Lima.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=https://cdkn.org/sites/default/files/files/El-estado-de-las-finanzas-del-clima-en-la-COP20-Lima.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 = {https://cdkn.org/sites/default/files/files/El-estado-de-las-finanzas-del-clima-en-la-COP20-Lima.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }