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FINANCING ADAPTATION OR FUNDING CHAOS? Adaptation, Finance, and Philippine Climate Policy

July 2010

As the world reels from the devastating impacts of climate change, financing sources for climate resilient development are proliferating at a rate and scale that, from initial appearance, may all but surpass traditional flows of official development assistance (ODA). Unfortunately, the scale of resources pledged so far are far from the scale of financing required to meet the needs of developing countries like the Philippines. Worse, most of the pledges remain just that -- pledges virtually written on water, many recycled from previously announced commitments.

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