At the global climate talks in Tianjin, IATP, along with 25 civil society organizations, sent a letter to the co-chairs of the U.N. Advisory Group on Climate Change Financing (AGF) outlining our recommendations for climate finance. This was in response to the AGF's release of a new report emphasizing carbon markets and other private finance options, along with an increased role for multilateral development banks.

We expressed our concern that the AGF was guided by a pledge developed countries made in Copenhagen to mobilize $100 billion per year by 2020 in public and private finance - a pledge which falls short of reasonable estimates of climate change financing.