Balanced Funding for Adaptation

9 December 2010

ECO is concerned that the small adaptation finance cake that is currently on offer leaves developing countries fighting over crumbs. Consider, however, that the best strategy against starvation is to increase the food 
supply.
Countries regarding themselves particularly vulnerable should be clear and firm: adaptation finance must not be a small proportion of total flows compared to mitigation.
At least 50% of the new climate fund’s resources should be reserved for adaptation. ECO remains optimistic that Parties will agree to establish the fund here and clarify the sources to feed it.