Financing

The contribution of countries to climate change and their capacity to prevent and cope with its consequences vary enormously. The Convention and the Protocol therefore foresee financial assistance from parties with more resources to those less endowed and more vulnerable. Developed country parties shall provide financial resources to assist developing country parties implement the Convention. To facilitate this, the Convention established a financial mechanism to provide funds to developing countries.

In the UNFCCC technical paper on 'Investment and financial flows to address climate change' [28] the costs of investment and financial flows needed are estimated. For mitigation the UNFCCC indicates a total net additional investment in 2030 of 200-210 billion US$ with a proportion of 50% needed in developing countries. For adaptation in 2030 the total net additional investment sums to 50-170 billion US$ with a proportion of >50% needed in developing countries.

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