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Climate Action 2008-2009

FINANCE The need for a

FINANCE The need for a clever financial architecture as a key element of the global response to climate change All nations are affected by climate change and urgent steps are required both to mitigate its extent and to adapt to its effects, both now and in the future. What is needed is an equitable, sustainable financial mechanism to enable developing and developed nations to respond in a timely and effective way. The Kyoto Protocol and the United Nations Framework Convention on Climate Change are providing the mechanisms to enable this. But a strong financial architecture must be agreed to ensure all nations can act appropriately. MARKERS FOR A LONG-TERM CLIMATE CHANGE DEAL FINANCIAL MECHANISMS 153 VISIT: WWW.CLIMATEACTIONPROGRAMME.ORG

FINANCIAL MECHANISMS 154 FINANCE NEGOTIATING THE WORLD’S FUTURE VISIT: WWW.CLIMATEACTIONPROGRAMME.ORG