European capacity building initiativeecbi How do we? Finance in the 2015 Agreement european capacity...
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european capacity building initiative ecbi How do we? Finance in the 2015 Agreement e u r o p e a n c a p a c i t y b u i l d i n g i n i t i a t i v e é e n n e d e ecbi for sustained capacity building in support of international climate change negotiations pour un renforcement durable des capacités en appui aux négociations internationales sur les changements climatiques
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Transcript of European capacity building initiativeecbi How do we? Finance in the 2015 Agreement european capacity...
eu
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cap
acity
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cbiHow do we?
Finance in the 2015 Agreement
eu
rop
ean
cap
acity
bu
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initia
tive
initia
tive e
uro
péen
ne d
e re
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t des
cap
acité
s ecbi
for sustained capacity building in support of international climate change negotiations
pour un renforcement durable des capacités en appui aux négociations internationales sur les changements climatiques
eu
rop
ean
cap
acity
bu
ildin
g
initia
tive e
cbi
MRVMRV
US$ 100 B/year
by 2020
US$ 100 B/year
by 2020
SBSTASBSTA
SBISBI
SCFSCF
Fast-Start Finance
Fast-Start Finance
Thematic Bodies under
the Convention
Thematic Bodies under
the Convention
LTFWork Prog
LTFWork Prog
High-level MinisterialHigh-level Ministerial
Developed countries
strategies & approaches
Developed countries
strategies & approaches
GCFGCF
GEFGEF
COP-GCF Arr.
COP-GCF Arr.
AFAF
Private SectorPrivate Sector
MDBsMDBs
Bilateral AAs
Bilateral AAs
Innovative sources
Innovative sources
Mobilization
Oversight
Delivery
FinancialMechanism
Finance Linkages
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Components critical to 2015 agreement
Abundant clarity on finance commitments
Robust MRV system
Clear definition of what constitutes climate finance
Pathways?
Sources discussion crucial
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Components critical to 2015 agreement
Mitigation-Adaptation ambition nexus and balance
Loss and damagei.e. Separate pots for mitigation and adaptation
GCF operationalization
Need for strong political outcome for adaptation finance
Strengthen capacity and effectiveness of established institutions
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Finance and 2015 Agreement
Phase out of fossil fuel
subsidies
Role of National climate finance institutions/ National Funding Entities
Need to integrate the role of market and non-market mechanisms Right price tag
on carbon
Greening the financial stream as a primary objective
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What to do?1. Review of the Financial Mechanism
• Is it possible to design a Redress Mechanism for the Financial Mechanism without starting to micro-manage the Operating Entities?
• Should the upcoming Review of the Financial Mechanism consider this issue?
• How about establishing an ‘Ombuds Panel’ (of the Standing Committee)?
• What could be the remit of such a Panel?
• How could it work?
eu
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cbiKey issues
• LTF/ ADP Finance – Mobilization and sources• Governance – Financial Mechanism• Enhanced direct access• Institutional arrangements under ADP to link
with other international agreements and/or processes
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Questions
• How do we ensure climate finance in the scale necessary for effective implementation of the 2015 agreement?
• Can we establish a complaint and redress procedure for the financial mechanism under the COP?
