COP20 (05/12/14) – Sullivan is impressed by the current level of pledges to the Green Climate Fund at this stage, although more finance will be needed. She hopes that whatever the outcomes of Lima COP20 and Paris2015 are will enable carbon markets to work effectively. Sullivan explains that climate finance tracking is critical, and without measuring, reporting and verification (MRV), understanding whether finance is going into robust environmental outcomes may impact future pledges.