UNEP FI is among stakeholders who, at the demand of global regulators, have fleshed out the current and future role of finance in the architecture of the global climate change treaty at a Bonn workshop. The three-day workshop in Bonn follows the recent decision by parties of the UN Framework Convention on Climate Change (UNFCCC) to develop a work program on long-term finance which should be rolled out throughout 2012. “I would argue and I think most UNEP FI members would argue that private sector finance is a stronger driver of efficiency because it has profitability incentives”, said Geoff Sinclair, head of carbon trading at UNEP FI member institution Standard Chartered, who partook in a session on scaling up the mobilization of climate change finance. The UNFCCC confirmed the creation of a Green Climate Fund – a mechanism to assist the developing countries in adaptation and mitigation practices to counter climate change – at its 16th Conference of the Parties in Cancun, Mexico. More information here.