This paper explore ways of financing mitigation of and adaptation to climate change by asking: Where should the funds come from and how should they be delivered? The authors discuss the need to shift investment patterns and identify possible instruments to assist this process. They review potential instruments for raising revenues and examine existing and new funding instruments and disbursement. A penultimate section describes recent proposals for a new finance model before the concluding section, which lists a number of questions for future discussion.
Final revised version 01.12.08, replaces preliminary version of 24.10.08