What is the future of adaptation financing under a new global climate agreement and beyond the UNFCCC? What role will an actor such as the Kyoto Protocol Adaptation Fund, which strengthened country ownership by pioneering direct access, play as a result of ongoing efforts to rationalize the global climate finance architecture with the full operationalization of the Green Climate Fund (GCF) as a new major player?

These are some of the questions that were put to the participants of a discussion meeting convened by the Heinrich Boell Foundation North America and the European Capacity Building Initiative (ecbi) on 7 December 2014 (during UN Climate Conference in Lima/Peru). The conversation was kicked off with a short presentation by Benito Mueller on the future of the Adaptation Fund (available at http://www.eurocapacity.org/public/chronicle.shtml).

This meeting report was produced jointly by the Heinrich Boell Foundation and Oxford Climate Policy, on behalf of ecbi.