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The document outlines critical areas for climate finance at COP 21, emphasizing the need for developed countries to meet the $100 billion annual goal by 2020, increasing funding for adaptation, and improving transparency in reporting finance flows. It highlights recent pledges from various nations and argues for a shift in trillions of dollars from high-emissions to low-emissions activities.

The paper finds a dissonance between the UNFCCC's diplomatic conceptualization of adaptation finance and private-sector realities. While private interventions complement public activities and are 'new and additional' to official development assistance, they fail to meet key criteria regarding predictability and up-scaling costs. The authors conclude that developed countries' role in mobilizing these resources is limited and suggest that only investments principally financing adaptation should be monitored, though this would reduce the total volume of finance contributing to the 100 billion USD target.

The report addresses the difficulty in tracking private finance for climate adaptation, noting that it currently represents less than 10% of total mobilized private climate finance. It proposes four methodological approaches—ranging from direct co-finance to expanded indirect mobilization—and tests them using two case studies: the NU-TEC project in Northern Uganda and the African Risk Capacity (ARC) insurance mechanism. The findings highlight a trade-off between the accuracy and incentive potential of a method and its practicality and standardization potential. The authors conclude that relying solely on direct co-finance underestimates the impact of 'enabling' interventions like technical assistance and capacity building.

The report examines the feasibility of reaching the $100 billion annual climate finance goal by 2020 through four scenarios of varying inclusivity. It finds that relying solely on developed country climate finance is insufficient, while a combination of public flows—including multilateral development bank (MDB) finance and climate-related official development assistance (ODA)—alongside leveraged private sector investment makes the target achievable even under low-growth projections. The analysis highlights a persistent imbalance, with mitigation finance projected to significantly outweigh adaptation finance across all scenarios.

The guide outlines a process for civil society organizations to monitor adaptation finance, from analyzing national contexts and compiling international data to mapping funding flows and designing local tracking tools. It emphasizes the use of evidence-based advocacy to ensure funds reach the most vulnerable populations.

The CFAS Guide outlines the state of climate finance negotiations leading up to COP20 in Lima. It details the progress of the US$100 billion annual mobilization goal, the operationalization of the Green Climate Fund (GCF), and the financial challenges facing the Adaptation Fund. The document also examines the role of the Standing Committee on Finance (SCF) in improving the measurement, reporting, and verification (MRV) of financial flows and the coordination of forest financing. Additionally, it discusses the integration of finance into Intended Nationally Determined Contributions (INDCs) and the elements of the forthcoming 2015 climate agreement.

The Agricultural Supply Chain Adaptation Facility (ASCAF) is a proposed financing mechanism to help small- and medium-sized farmers in the Latin America and Caribbean region invest in climate-resilient agricultural measures. By using donor-backed first-loss guarantees and technical assistance provided through Multilateral Development Banks (MDBs), ASCAF aims to enable agribusiness corporations to extend medium- to long-term loans (5-7 years) to their suppliers. The facility targets 'tight' value chains for high-value crops like coffee, sugarcane, and cocoa to reduce credit risks and capacity gaps. If scaled, the facility could potentially protect or increase the revenues of 63,000 to 420,000 farming households by 2030, with a total market investment potential estimated between USD 2.5 billion and USD 4.4 billion for four sample crops.

The paper evaluates the Adaptation Fund's early project approvals, finding that while equity is the primary motivation, the use of uniform national caps rather than formalized vulnerability metrics may result in inequitable outcomes.

The document outlines SEI's research on climate finance and carbon markets, arguing that adaptation finance priorities are political rather than scientific, and that private sector finance is unlikely to meet the primary needs of the poor and vulnerable. It also evaluates the Clean Development Mechanism (CDM), suggesting that excluding problematic project types, such as coal power, would improve carbon market efficiency.

The paper analyzes adaptation finance flows in four developing countries, finding that while governments are the primary recipients, there is a lack of transparency regarding target geographies and project details. It highlights a gap between the formal inclusion of local government in coordination and the actual participation of local stakeholders, while noting that equity and gender considerations are primarily donor-driven.

The paper evaluates indicators for equity and cost-effectiveness in the allocation of international adaptation funding, using 39 project documents from the Adaptation Fund Board (AFB) from 2011 as a case study. It finds that while approved projects rank high in absolute economic savings, they rank low in equity and other cost-effectiveness measures. The authors conclude that a pure economic definition of cost-effectiveness contradicts equity, but trade-offs can be minimized by using relative economic savings or human lives saved as indicators.

The document analyzes the accreditation processes of the PIOJ in Jamaica and the CSE in Senegal as National Implementing Entities (NIEs) for the Adaptation Fund. It identifies key success factors, such as existing institutional capacity and stakeholder engagement, while highlighting challenges related to stringent fiduciary standards and the difficulty of accessing funds after accreditation. The brief warns that the direct access model may exclude the most vulnerable nations with limited institutional capacity, a risk that could be magnified by the larger scale of the Green Climate Fund.

The paper examines the fragmented landscape of climate change adaptation finance, analyzing the roles of the UNFCCC, the Adaptation Fund, the Global Environment Facility (GEF), and Overseas Development Assistance (ODA). It argues that the current system is a 'non-system' characterized by inefficiencies, double counting of funds, and a lack of standardized metrics for success. The author explores the potential for regional banks, such as the African Development Bank, to provide more effective, decentralized management of funds. The document concludes by offering lessons for the Green Climate Fund (GCF), emphasizing the need for direct access modalities, clear ring-fencing of assets, and a transparent trustee selection process to avoid conflicts of interest, particularly regarding the World Bank.

The paper examines the emerging institutional architecture for adaptation finance and explores the feasibility of an 'adaptation market'. It concludes that commodifying adaptation benefits is unfeasible due to a lack of international demand and viable metrics, as adaptation primarily generates local and private benefits rather than global public goods. However, it identifies a nascent marketplace for 'adaptation finance credits'—where the commodity is the proof of expenditure—supported by a growing professional industry of project developers and consultants, though it lacks the allocative efficiency of carbon markets.

The document argues that vulnerability is both scientifically and politically ambiguous, as different climate funds apply varying criteria to prioritise adaptation finance. It notes that the Cancun Agreements have not resolved these ambiguities, presenting a challenge for the Green Climate Fund.

The document argues that a lack of shared definitions and transparent governance mechanisms has eroded trust between developed and developing countries regarding adaptation finance. It analyzes the fragmented landscape of current funds—including the LDCF, SCCF, and Adaptation Fund—and highlights critical disputes over the definition of 'new and additional' resources and the criteria for identifying 'particularly vulnerable' countries. The brief emphasizes that as finance scales from millions to billions of dollars, establishing common metrics for monitoring and evaluation and ensuring equitable representation in governing bodies, such as the Green Climate Fund, is essential for effective climate action.

The document details Climate Strategies' transition to a new research programme for 2011, focusing on eight themes including the low carbon economy and adaptation finance. It reviews 2010 projects on carbon pricing, power sector decarbonisation, and the EU's 2020 emissions targets. A significant portion of the text argues for a steel-specific negotiation forum within the UNFCCC to address carbon leakage and competitiveness, and proposes 'Climate Innovation Centres' (CICs) to facilitate technology transition in developing countries through multi-disciplinary coordination.

The report finds that significant greenhouse gas mitigation is possible in developing countries at low or negative costs, primarily through energy efficiency and forestry. While macroeconomic analyses for countries like Mexico and South Africa suggest that low-carbon transitions can be net-positive for GDP, the report warns that technical cost curves often omit significant implementation and transaction costs. It emphasizes that low-income countries (LICs) have different drivers, focusing on co-benefits like health and energy security rather than absolute emission cuts. The document also highlights a critical knowledge gap regarding 'climate resilient growth'—how to structure economies to reduce long-term vulnerability—and calls for better integration of adaptation and mitigation strategies to avoid trade-offs.

The document examines the ambiguity surrounding the term 'particularly vulnerable' within the UNFCCC framework and argues that vulnerability indices cannot provide an objective truth for prioritising adaptation finance. It asserts that because vulnerability is a socially constructed concept requiring normative judgments on variables and weighting, the responsibility for defining and ranking vulnerable countries lies with political negotiators rather than scientists.

The document analyzes the institutional conflict regarding climate finance management, contrasting the 'Coordination Camp' (preferring existing institutions) with the 'Consolidation Camp' (seeking a new UN-managed entity). It proposes the Extended Reformed Financial Mechanism (RFM+) as a compromise that combines consolidated disbursement to national entities with the retention of specific international funding bodies like the GEF and Adaptation Fund. The author argues that for such a system to succeed, it must address distributive justice and thematic balance through innovative financing instruments to ensure sufficient revenue.