Fact Sheet: Financial Mechanism Options
Resource credentials, information, and download.
- Environmental Investigation Agency (EIA)
- Regional project
- Country project
- Document type
- Intergovernmental Negotiating Committee on Plastic Pollution - Technical Resource for Pacific Island Courtiers
(Publications under review and may be updated prior to 30 September)
To deliver an International Legally Binding Instrument (ILBI) to end plastic pollution will require mobilising substantial financial resources from a variety of sources to achieve its objectives. This may include leveraging new multilateral finance from developed (donor) countries to developing (recipient) countries party to the new agreement, accessing existing multilateral and bilateral finance and ensuring flows of private sector finance. The coordinated, predictable, adequate, and timely delivery of these financial resources will be the challenge when designing the financial mechanism for the International Legally Binding Instrument (ILBI).
In the negotiations to date, there has been overall support for a comprehensive approach to means of implementation and a financing mechanism to provide an enabling framework, assisting parties in meeting their obligations. However, there are divergent views on the structure of the new mechanism. In broad terms, there are three preferences that have been expressed by members and highlighted in the Options for Elements paper provided to INC-