ECO would not want negotiators to leave Bonn with the feeling that no progress was made on finance–which is what will enable the implementation of any fair and ambitious agreement reached in Paris. The good news first: ECO senses convergence on the view that future finance arrangements should build on the existing architecture. This includes the Green Climate Fund, the Adaptation Fund, the Least Developed Countries Fund, the Standing Committee, the Strategies and Approaches process (a work in progress, hopefully useful), the biennial ministerial engagement, and the MRV provisions (modest and with room for improvement). This fact should keep the … Continue reading Take-aways on finance