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Guide on Climate Change and Indigenous Peoples

Guide on Climate Change and Indigenous Peoples

Guide on Climate Change and Indigenous Peoples

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Finance- Want afinancialstructureunder theUNFCCCwith certainprinciples;- Want asubstantialquantum (G77/China stated0.5 to 1% ofdevelopedcountries’ GDPamounting to$200 to $400B/year);- However, inlight of the factthat the USspent nearlyUS$3 trilli<strong>on</strong>to bail-outits financialcorporati<strong>on</strong>s,this quantumis very low;- Bangladeshhas proposeda budget ofUS$3 trilli<strong>on</strong>/year;- This is not aidbut paymentto fulfill A1financecommitments;- Funds outsidethe UNFCCCare notcounted asmeeting Art. 4commitments.- Do not want a newstructure for financeunder the UNFCCC<strong>and</strong> prefer “existingfund,” i.e., GEF, WorldBank, bilateral aid,etc.- On quantum, they arevague <strong>and</strong> ad-hoc;- They will fundmitigati<strong>on</strong> bypicking fromNAMAs (Nati<strong>on</strong>allyAppropriate Mitigati<strong>on</strong>Acti<strong>on</strong>s) registeredby developingcountries (with theregister system beinglike a matchmakingagency);- Model: register <strong>and</strong>put in website <strong>and</strong> wewill look at it <strong>and</strong> fund;- Want developingcountries to c<strong>on</strong>tributealso to fund (MexicanProposal).- Want to be part offunding boards, e.g.,Adaptati<strong>on</strong> FundBoard, LDC FundBoard, etc.;- Mechanisms putin place to ensurethat funds can beaccessed by themwithout intermediaries.PART VIII: The Current State of <strong>Climate</strong> <strong>Change</strong> Negotiati<strong>on</strong>s 131

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