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Background information on the extended work programme on long-term finance in 2013

The Conference of the Parties (COP) at its eighteenth session in pdf-icon decision 4/CP.18, decided to extend the work programme on long-term finance for one year to the end of 2013.

The aim of the work programme is to inform developed country Parties in their efforts to identify pathways for mobilizing scaled-up climate finance to USD 100 billion per year by 2020 from public, private and alternative sources in the context of meaningful mitigation actions and transparency on implementation, and to inform Parties in enhancing their enabling environments and policy frameworks to facilitate the mobilization and effective deployment of climate finance in developing countries. 

The President of COP 18 was invited by the COP to appoint two co-chairs, one from a developing country Party and one from a developed country Party. The co-chairs,supported by the secretariat, were requested to report back to the Conference of the Parties, at its nineteenth session, on the outcomes of the work programme. 

In the context of the agreed outcome pursuant to the Bali Action Plan in pdf-icon decision 4/CP.18, the outcomes of the extended work programme on long-term finance will also inform the in-session high-level ministerial dialogue under the Conference of the Parties, at its nineteenth session, in its consideration of the progress made in the mobilization of the long-term finance and efforts being undertaken by developed country Parties to scale up the mobilization of climate finance after 2012. 

Please click here for information about the work programme on long-term finance undertaken in 2012.