Introduction:

The UNFCCC secretariat has launched a project in 2007 to review and analyze investment and financial flows relevant to the development of an effective and appropriate international response to climate change, with particular focus on developing countries' needs, including their medium-to long-term requirements for investment and finance.

This work was mandated by COP 12 and is to result in inputs to the fourth workshop under the Dialogue (27-31 August 2007), and to COP 13 (December 2007), for its deliberations on the fourth review of the financial mechanism.  The inputs for this discussion are in the form of a large technical  background paper (1990 kB)  assessing global investment and financial flows for mitigation and adaptation sectors as well as three summary papers.

Report to the Dialogue: (748 kB)  The report provides a summary of findings on existing and potential investment and financial flows relevant to the development of an effective and appropriate international response to climate change, covered in detail in background paper.  

A number of international financial institutions (IFIs), United Nations agencies, intergovernmental organizations and non-governmental organizations, other relevant agencies, and representatives of the private sector and civil society have been invited to participate in a consultative process for sharing their experience and views on existing and planned investment and financial mechanisms.

 Analysis of existing and planned investment and financial flows relevant to the development of an effective and appropriate international response to climate change. 

Foreward (44 kB)

Executive Summary (59 kB)

1.   Introduction (82 kB)

2.   Methodology (147 kB)

3.   Current and reference scenario investment and financial flows (127 kB)

4.  An overview of investment and financial flows needed for mitigation (514 kB)     

5.   An overview of investment and financial flows needed for adaptation (147 kB) 

6.  Priorities for mitigation and adaptation as reported by developing countries under the convention (205 kB)

7.   Potential of carbon market (342 kB)

8.  Financial cooperation under the Convention and its Kyoto Protocol (125 kB)

9.  Potential for enhanced investment and financial flows (264 kB) 

• Annexes(566 kB)
  
• Supplementary tables and figures (3678 kB)
  
• Bibliography(206 kB)
  
• Acknowledgements (123 kB)

Details on specific technical papers and data set used for the preparation of the background paper more