1. Preamble
PP.1 Alternative 1: Deeply concerned over the substantial gap between the financial resources required for enhanced action on adaptation and mitigation in developing countries and the level of financial resources currently available,
Alternative 2: Renewing the political determination to urgently and substantially scale up the provision of financial resources to support enhanced action on mitigation and adaptation and technology cooperation,
PP.2 Alternative 1: Noting the various estimates of financial resources needed to address adaptation1 and recognizing the urgency of taking enhanced action on adaptation by all developing country Parties, especially those referred to in [Article 4.8 of the Convention] [paragraph 1(c) (i) of the Bali Action Plan (Decision 13/CP.1)],
Alternative 2: Noting the scale of the financial resources needed to address the adaptation needs of developing countries that are particularly vulnerable to the adverse effects of climate change, especially those referred to in [Article 4.8 of the Convention] [paragraph 1 (c) (i) of the Bali Action Plan (Decision 13/CP.1)],
PP.3 Alternative 1: Further, noting that adaptation needs are already an urgent necessity, an early and ambitious emission reductions [by developed country Parties] will be required to achieve the ultimate objective of the Convention,
Alternative 2: Delete this paragraph.
PP.4 Alternative 1: Highlighting that financial commitments have not been met by developed country Parties and other developed Parties included in Annex II and emphasizing the urgent need for these Parties to honour their commitments in accordance with Article 4, and in particular Articles 4.3, 4.4, and 4.5 of the Convention by providing resources to support adaptation, mitigation and technology transfer,
Alternative 2: Recalling commitments in accordance with Article 4, and in particular Articles 4.3, 4.4 and 4.5, of the Convention,
PP.5 Developed country Parties and other developed Parties included in Annex II shall provide new and additional to ODA, adequate, predictable and sustained level of financial resources, on a grant basis or adaptation and a grant and/or concessional basis for mitigation, including for the transfer of technology, to support enhanced action on mitigation and adaptation in developing countries for enhancing the implementation of Articles 4.1, 4.3, 4.4, 4.5, 4.8, and 4.9, in the context of Article 4.7.
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1 The United Nations Development Programme estimated that an additional USD 86 per year would be needed in 2015 and as per UNFCCC estimates USD 28–67 would be needed in 2030.
