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This Synthesis Report presents the key results of the second phase of a major analytic project on a reform of the Financial Mechanism of the UN Framework Convention on Climate Change (UNFCCC).i It synthesizes four OIES Energy and Environment Papers,ii and (updated versions) of four preliminary policy briefs by the lead author of this Report, published in the run up to the recent Copenhagen Climate Conference.iii
The success of the current international climate change negotiations crucially depends on how much finance is going to be made available to support developing country climate change activities, and it is unlikely that adequate financing will be forthcoming in the absence of an acceptable governance framework. The overall aim of the Reformed Financial Mechanism (RFM) project is to provide such a framework.