Five Components of a New Financial Agreement under the Convention: Paying for Mitigation Technology

This paper focuses on what should be included in a new financial agreement under the UNFCCC; more specifically it proposes five specific components of a “new deal” to address technology barriers in developing countries. The paper reflects on ideas on technology and finance as put forth by countries in submissions to the UNFCCC secretariat as summarized in UNFCCC 2008. These submissions are summarized in a complementary WRI discussion paper titled From Position to Agreement: Technology and Finance at the UNFCCC (WRI 2008). We have also considered two UNFCCC documents that synthesize information on technology needs and financial barriers faced by non Annex 1 Parties to the Convention.