http://www.undp.org/climatechange/docs/UNDP_I&F.pdf

In 2007, the UNFCCC Secretariat prepared a report on

"Investment and Financial Flows to Address Climate

Change".11 The report covers mitigation and adaptation in

various sectors over the period to 2030. The report defines

an investment as the initial (capital) cost of a new physical

asset with a life of more than one year, such as the capital

cost of a gas-fired generating unit or a water supply

system. A financial flow is an ongoing expenditure related

to climate change mitigation or adaptation that docs not

involve physical assets, such as research or health care.

These investment and financial flows arc NOT the same as

the cost of addressing climate change; changes to the

operating costs of investments arc not considered nor arc

damages due to climate change estimated.