The Report describes the accomplishments of the ecbi in the FY2014/15. For one, the 2014 Oxford Fellowships and Seminar resulted in an OCP/ecbi Concept Note on a ‘Dynamic Contribution Cycle’ which has since become a prominent and promising option in the ADP negotiating text. On 13 October 2014, the eve of Eighth meeting of the Barbados Green Climate Fund Board we organized a GCFB Caucus seminar to discuss the findings of an ecbi Policy Brief on Devolved Access Modalities: Lessons for the Green Climate Fund from Existing Practice. It was widely acknowledged that this was very helpful and conducive to the Board’s decision to request the Secretariat to prepare Terms of Reference for operationalising an Enhanced Direct Access pilot phase. Subsequently, we were able to have certain suggestions based on two ecbi Policy Papers (Consolidation and devolution of national climate finance: The case of India and Engaging Micro, Small, and Medium Enterprises in developing countries) reflected in the GCF Secretariat document on Additional Modalities that Further Enhance Direct Access: Terms of Reference for a Pilot Phase (published on 5 March 2015). Last, but by no means least, we co-hosted a discussion meeting convened with the Heinrich Boell Foundation North America on 7 December 2014 (during UN Climate Conference in Lima/Peru) to discuss how the role and function of existing adaptation funding instruments might be shifting in the future with a special focus of the conversation on the Kyoto Protocol Adaptation Fund. The event was very well received and has since led to a close collaboration with the Adaptation Fund Board Chair and Secretariat on these matters.