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Background information on Long-term Finance Work Programme

The Conference of the Parties (COP), at its seventeenth session, inpdf-icon decision 2/CP.17, decided to undertake a work programme on long-term finance in 2012, including workshops, in order to make progress on long-term finance in the context of pdf-icon decision 1/CP.16, paragraphs 97–101.

The aim of the work programme is to contribute to the on-going efforts to scale up the mobilization of climate change finance after 2012. As such it will analyze options for the mobilization of resources from a wide variety of sources, public and private, bilateral and multilateral, including alternative sources and relevant analytical work on climate-related financing needs of developing countries. The analysis will draw upon relevant reports including that of the pdf-icon High-level Advisory Group on Climate Financing and the pdf-icon report on mobilizing climate finance for the Group of Twenty and the assessment criteria in the reports, and will also take into account lessons learned from fast-start finance.

The President of COP 17 was invited by the COP to appoint two Co-Chairs, one from a developing country Party and one from a developed country Party. The secretariat was requested to assist the Co-Chairs in supporting the workshops. Additionally, the Co-Chairs, supported by the secretariat, were requested to prepare a report on the workshops for consideration by COP18.

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