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

The Conference of the Parties (COP) at its eighteenth session in 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 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.

Background information on the work programme on long-term finance in 2012

The Conference of the Parties (COP), at its seventeenth session, in 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 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 High-level Advisory Group on Climate Financing and the 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.