Climate Action 2014-2015
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CLIMATE FINANCE<br />
It is expected that by the time COP21 takes place at the end of <strong>2015</strong> in Paris, many countries will have<br />
made pledges to the Fund<br />
of the innovative elements of the Fund<br />
is the focus on promoting private sector<br />
climate investment through our Private<br />
Sector Facility, identifying and helping to<br />
overcome barriers to investment so that<br />
private capital can drive transformational<br />
change. But we need deeply concessional<br />
public funds from developed countries,<br />
and this is what we are seeking in our<br />
resource mobilisation which remains<br />
open to additional contributors –<br />
pledges from contributing countries<br />
that will allow us to welcome funding<br />
requests in early <strong>2015</strong>.<br />
"The Fund is committed<br />
to spending 50 per cent<br />
of its resources on<br />
adaptation projects."<br />
The good news is that some countries<br />
have already demonstrated their<br />
backing to the Fund. Other nations are<br />
preparing to follow suit with the size<br />
of their support commensurate with<br />
their responsibilities for climate change<br />
and their capabilities in respect to their<br />
economies. We confidently expect that<br />
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