Fonds vert pour le climat

Another year of increasingly extreme and destructive weather and new political momentum were not yet enough to boost the ambition of UN climate talks in Peru. The decisions made in Lima do not foreclose the possibility an agreement in Paris, but do little to improve the odds of success.

This paper suggests a new approach that recognizes the failings of the current climate finance regime and is better informed by needs and opportunities at the national level.

All countries must use the COP20 Summit in Lima to resolve the impasse over “climate finance,” and make success possible at the critical Paris talks in December 2015, says international agency Oxfam.