Significant resources will be needed from both public and private sources.

Developing countries, especially the most vulnerable, will collectively need billions of dollars in public financing for adaptation.

I am talking here about new money not re-packaged Official Development Assistance. This is one of the most important issues which we are going to discuss on September 22nd in New York, and this year again at the G20 Summit Meeting in Pittsburgh on September 24th.

Fourth, we need an equitable and accountable mechanism for distributing these financial and technological resources, taking into account the views of all countries in decision-making.