Fill the Adaptation Gap
Only a minor share of climate finance is currently being allocated to adaptation, meaning that vital support to the world’s vulnerable people and communities is lacking. Agreement must be reached to increase finance for adaptation, and a first step must be to improve the balance between mitigation and adaptation. COP 19 should agree that at least 50% of all public climate finance is allocated to adaptation.
Predictability of finance through to 2020 is vital. This requires a global climate finance roadmap that sets out intermediate targets and planned collective action to mobilize additional finance. To complement that, developed countries should prepare national pathways showing how their contribution to the $100 billion promise will evolve over time, disaggregated by relevant types, instruments and channels.