3 Issues to Watch as Lima Climate Talks Head to the Finish Line

The briefing outlines three key areas of contention at the COP 20 climate talks in Lima: the establishment of a formal process to assess the ambition and fairness of Intended Nationally Determined Contributions (INDCs), the mobilization of $100 billion in dedicated climate finance by 2020, and the integration of adaptation goals and assessment cycles into the final agreement. It emphasizes that these decisions are essential prerequisites for the agreement to be concluded in Paris at the end of 2015.

• Negotiators at COP 20 are divided over whether the final agreement should include an official UNFCCC process to assess the ambition and fairness of Intended Nationally Determined Contributions (INDCs) and the gap remaining to keep global temperature increases below 2 degrees C.
• There is a goal to mobilize $100 billion in dedicated climate finance by 2020, a target set at the 2009 Copenhagen summit. While Green Climate Fund (GCF) pledges are nearing an initial $10 billion target, reaching the full $100 billion will require a combination of public funds, private finance, and investments from national and multilateral development finance institutions.
• Developing countries are advocating for adaptation to be treated with the same importance as carbon mitigation. Key points of negotiation include whether contributions to adaptation should be mandatory in INDCs and whether the agreement should establish a regular adaptation assessment cycle based on a qualitative, aspirational goal.

APA

Waskow, D. (2014). 3 Issues to Watch as Lima Climate Talks Head to the Finish Line. World Resources Institute. https://www.wri.org/insights/3-issues-watch-lima-climate-talks-head-finish-line

Chicago

Waskow, David. 3 Issues to Watch as Lima Climate Talks Head to the Finish Line. World Resources Institute, 2014. https://www.wri.org/insights/3-issues-watch-lima-climate-talks-head-finish-line.

Wikipedia

{{cite report |last1=Waskow |first1=David |title=3 Issues to Watch as Lima Climate Talks Head to the Finish Line |publisher=World Resources Institute |date=7 December 2014 |url=https://www.wri.org/insights/3-issues-watch-lima-climate-talks-head-finish-line |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{waskow2014issues, author = {Waskow, David}, title = {{3 Issues to Watch as Lima Climate Talks Head to the Finish Line}}, institution = {World Resources Institute}, year = {2014}, month = dec, url = {https://www.wri.org/insights/3-issues-watch-lima-climate-talks-head-finish-line}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }