This report supersedes Assessing the Alternatives: Financing climate change mitigation and adaptation in developing countries (Stephen Spratt, 2009), which established a methodology for assessing and comparing various potential funding mechanisms. The aim of this paper is to apply this analysis to today’s situation, helping us to better understand the changing landscape of climate finance and suggest a portfolio of mechanisms which would move us closer to the level of financing required to meet mitigation and adaptation costs in developing countries.
