PRESS RELEASE: ENGOs propose pragmatic solution for adaptation finance

Having witnessed the frustrating deadlock in the Adaptation Working Group on the finance issue and inspired by the compromise found in the Mitigation Working Group on the distribution of emission reduction targets, the environmental NGOs propose a model for distributing responsibilities for adaptation finance among developed and emerging economies.

At its core the model suggests to assign responsibilities for adaptation finance based on the respective countries GDP per capita and GHG emissions per capita. The model is explained in detail in the attached policy paper.

This proposals advantages are:

# Its methodology builts on the compromise already found in the Mitigation Working Group

# It takes account of the principle of 'common but differentiated responsibilities' in that (A) countries with high historic GHGe also tend to have high GHGe per capita and thus are required to pay a higher percentage of GDP. Moreover, (B) countries which have the financial capabilities - as measured by their GNP per capita - to support developing countries are also required to pay a higher percentage of GDP.

# It rewards emission reductions, since these will decrease the respective country's GHGe per capita and thus the percentage of GDP it has to provide.

You can find the proposal here.