2. Means of implementation
7. Recognizing the need for financial support for capacity-building, technology transfer, policy implementation and institutional arrangements [necessary for strengthening forest governance], scaling-up demonstration activities, and measuring, monitoring and verifying emission reductions and increases in removals, and changes in carbon stock from the forest sector, readiness for activities referred to in paragraph 2 above [including activities to be implemented up to 2012] shall be financially supported through
Option 1
[the establishment of a [Readiness fund][Special REDD-plus fund][a new and additional fund]. The funds shall come from contributions from [developed country Parties], [market-linked revenues], [innovative funding sources, including auctioning of national emissions trading allowances or of assigned amount units at international level, and penalties or fines for non-compliance of developed country Parties with their emission reduction and financial resources commitments]. These funds shall be [new and additional to ODA,] [complementary to GEF, and bilateral and multilateral funding].]
Option 2
[a window of the relevant financial mechanism established under the Convention through [an International Climate Fund][a special climate change fund][a mitigation fund].]
Option 3
[existing funds and institutions, including multilateral, bilateral and domestic arrangements.
8. Acknowledging that the need for financial support will vary by country and over time, and depending on national circumstances [as countries progress through phases of implementing nationally appropriate mitigation actions in relation to activities referred to in paragraph 2 above].]
