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
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 climate
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 plans.
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.