The objective of this study is to prepare a paper that provides an objective analysis of financing mechanisms and initiatives on climate change, as they relate to the specific circumstances and needs of Africa to meet its mitigation and adaptation needs and objectives. The paper will include the following relevant issues:

1. Key principles in the UNFCCC and the Kyoto Protocol related to climate change financing
2. Overview of climate change financing mechanisms and initiatitves
3. Proposal on generating new funds
4. Impact of financial crisis