Luis Gomez-Echeverri presents a new report on National Funding Entities (NFEs) in the lead-up to Cancún this December. National Funding Entities have sprung up in twelve countries, with more currently in the pipeline, to push forward climate change action, capture and manage funding from international and national sources, and guarantee that all actions are mainstreamed into existing development strategies. These new institutions have been built in different forms with a diverse range of objectives, funding and governance strategies; but all provide experience and lessons for countries seeking to establish their own. This Policy Report provides background information on these NFEs to inform the negotiations. It is part of a series of ecbi and OIES publications on the Reformed Finance Mechanism, most specifically on the case for devolution of funding decisions to the national level.