This guide provides negotiators with a synopsis of the key climate finance discussions undertaken during 2013 under the United Nations Framework Convention on Climate Change (UNFCCC). It aims to inform negotiators and stakeholders who are interested in the different climate finance agenda items and deliverables at the 19th Conference of Parties (COP19) to be held in Warsaw. It assesses possible outcomes in Warsaw that can prepare the way â together with decisions at COP20 in 2014 for the new global agreement on climate change, which will be agreed at the COP in Paris in 2015.
Progress on various aspects of climate finance will be needed in Warsaw in order to pave the way for the climate deal to be agreed in 2015 in Paris. These include new financial commitments until 2015, clarity on the pathway to the US$100 billion commitment by 2020, progress on accounting and reporting, and the finance architecture needed. The in-session high-level ministerial dialogue will hopefully break the deadlock on some of the issues that are affecting progress on other key climate negotiations, around mitigation targets in particular. Looking ahead to COP21 in Paris in 2015, negotiations in Warsaw should provide assurances on finance, while COP20 in Lima in 2014 will have to deliver on mitigation pledges.