I am increasingly thinking that the Climate Change discourse is outdated and we need to focus more on the practical things, like the social problems we will face because climate change is happen whether we do anything to stop it or not. Look at the resource concerns all over the world; especially because changes in water patterns are causing havoc in India's Himalayas as much as where I am from, upstate New York.
This new fund: The Adaptation Fund, is exactly in step with my current thinking. Finally some foresight to see that the real discussions should be over what to do with resource complications with climate change instead of focusing on its existence.
Check out this new link for an explanation of this and other innovations in financing for development, especially for environmental sustainability initiatives http://siteresources.worldbank.org/CFPEXT/Resources/IF-for-Development-Solutions.pdf