Beyond Aid: Climate Change and Funding

The lives of millions of poor people is being affected by climate related shocks which are occurring with increasing frequency and severity. Analysts have predicted that without urgent action, recent development progress will stall—then go into reverse.The international community must make a new commitment to fund adaptation to climate change. A global adaptation finance mechanism is needed, able to deliver the scale of funding required and governed according to the principles of equity, subsidiary, transparency, and accountability. This will insure against future development losses and help to resuscitate the international climate negotiations. Full report available at :http://www.oxfamamerica.org/files/bp-132-beyond-aid.pdf