Finance will be high on the agenda in Poznań. The final touches are expected to be made that will allow the Adaptation Fund to become fully operational next year. Discussions will continue on the fourth review of the financial mechanism. The issue of finance will be discussed under the agenda items of the Subsidiary Body for Implementation (SBI), the Ad Hoc Working Group on Long-Term Cooperative Action (AWG-LCA) and the Conference of the Parties serving as meeting of the Parties to the Kyoto Protocol (CMP).
The SBI will continuation its deliberations on the fourth review of the financial mechanism, with particular focus on assessing the funding necessary to assist developing countries in fulfilling their commitments under the Convention. The decision that Parties will adopt will guide the Global Environment Facility (GEF) in their deliberations for the fifth replenishment cycle of GEF expected to commence in early 2009. 
The AWG-LCA, under the contact group on delivering on technology and financing, including consideration of institutional arrangements, will continue its discussions on the different proposals presented at the previous sessions. The update on Investment and Financial Flows to Address Climate Change recently published by the secretariat will be one of the main technical papers that Parties will take into account in their deliberations.
A major outcome at Poznań could be that the Adaptation Fund will become fully operational. Under the agenda item of the CMP, Parties will consider the report of the Adaptation Fund Board, in particular, the recommendations of the Board relating to the administrative and legal arrangements to fully operationalize the Adaptation Fund. It is expected that these decisions will be adopted, thereby paving the way for the monetization of the certified emissions reduction (CERs) units that will enable concrete adaptation projects to be rolled out in 2009.