The status of climate finance at COP20, Lima
There is only one year left before the COP in Paris, where the Parties are expected to adopt a protocol – another legal instrument or an agreed outcome with legal force under the UNFCCC – that is applicable to all Parties. There are few political openings left to reassure developing countries that their domestic climate actions will receive commensurate international support. In this context, the COP in Lima is a critical opportunity to provide the necessary predictability, which is currently missing in the negotiations.