Article 9 of the Paris Agreement stipulates that developed country Parties shall provide financial
resources to assist developing country Parties with respect to both mitigation and adaptation in
continuation of their existing obligations under the Convention. Other Parties are encouraged to
provide or continue to provide such support voluntarily.
Furthermore, as part of a global effort, developed country Parties should continue to take the lead
in mobilizing climate finance from a wide variety of sources, instruments and channels, noting the
significant role of public funds, through a variety of actions, including supporting country-driven
strategies, and taking into account the needs and priorities of developing country Parties. Such
mobilization of climate finance should represent a progression beyond previous efforts.
In addition, Article 9 states that the provision of scaled-up financial resources should aim to
achieve a balance between adaptation and mitigation, taking into account country-driven strategies,
and the priorities and needs of developing country Parties, especially those that are particularly
vulnerable to the adverse effects of climate change and have significant capacity constraints, such
as the least developed countries and small island developing States, considering the need for public
and grant-based resources for adaptation.
With regard to ex-ante communication of information, developed country Parties shall biennially
communicate indicative quantitative and qualitative information related to paragraphs 1 and 3 of
Article 9, as applicable, including, as available, projected levels of public financial resources to
be provided to developing country Parties. Other Parties providing resources are encouraged to
communicate biennially such information on a voluntary basis.
The global stocktake referred to in Article 14 of the Agreement shall take into account the relevant
information provided by developed country Parties and/or Agreement bodies on efforts related to
With regard to the issue of transparency of support, developed country Parties shall provide
transparent and consistent information on support for developing country Parties provided and
mobilized through public interventions biennially. Other Parties are encouraged to do so.
The Financial Mechanism of the Convention, including its operating entities, and the Standing
Committee on Finance, shall serve as the financial mechanism of this Agreement. In addition, Article
9 stipulates that the institutions serving this Agreement, including the operating entities, shall
aim to ensure efficient access to financial resources through simplified approval procedures and
enhanced readiness support for developing country Parties, in particular for the least developed
countries and small island developing States, in the context of their national climate strategies and
At COP 21, it was also decided that developed countries intend to continue their existing collective
mobilization goal through 2025 in the context of meaningful mitigation actions and transparency on
implementation, and that prior to 2025 the Conference of the Parties serving as the meeting of the
Parties (CMA) to the Paris Agreement shall set a new collective quantified goal from a floor of USD
100 billion per year, taking into account the needs and priorities of developing countries.
Furthermore, the COP resolved to enhance the provision of urgent and adequate finance, technology and
capacity-building support by developed country Parties in order to enhance the level of ambition of
pre-2020 action by Parties, and in this regard strongly urges developed country Parties to scale up
their level of financial support, with a concrete roadmap to achieve the goal of jointly providing
USD 100 billion annually by 2020 for mitigation and adaptation while significantly increasing
adaptation finance from current levels and to further provide appropriate technology and
capacity-building support. Parties also decided to conduct a facilitative dialogue in conjunction
with the twenty-second session of the Conference of the Parties to assess the progress in
implementing decision 1/CP.19, paragraphs 3 and 4, and identify relevant opportunities to enhance the
provision of financial resources, including for technology development and transfer and
capacity-building support, with a view to identifying ways to enhance the ambition of mitigation
efforts by all Parties, including identifying relevant opportunities to enhance the provision and
mobilization of support and enabling environments.
More information on the Paris Agreement is available here.