1. o xford c limate p olicy Some thoughts on Finance Architecture by Benito Müller

2. o xford c limate p olicy National Level International Level (a) Retained, Fragmented, Decentralized(b) Devolved, Consolidated, Decentralized(c) Retained, Consolidated, Centralized International Consolidated Fund Country A Country B Country C International Sources Recipient Country D National (Consolidated) Fund Funded Activities Fragmented v. Consolidated Centralized v. Decentralized Devolved v. Retained International Consolidated Fund Country A Country B Country C International Sources Recipient Country D Funded Activities Recipient Country D Country A Funded Activities International Sources IFIs/IGOs/Funds Country B Country C Three Fundamental Dichotomies

3. o xford c limate p olicy National Planning Entity (e.g. NAPA team) National Implementing Entity (Adaptation Fund) National Funding Entity The Trend Towards Devolution National Level International Level International Consolidated Fund Country A Country B Country C International Sources Recipient Country D National (Consolidated) Fund Funded Activities

4. o xford c limate p olicy Why? Efficiency & Effectiveness The Need For Devolution