Access to finance, technology, and data for climate action is a critical need identified on all levels, as referenced in Article 11 of the Paris Agreement. This includes the capacity to identify baselines and vulnerabilities, produce proposals for major climate funds, mobilize funding from different sources, leverage opportunities for technology and data transfer, and utilize existing finance for climate action and resilience.
Capacity-building and the work of the PCCB go beyond individual training and includes institutional setups, methodologies, and tools that can be replicated and scaled across different contexts and target audiences. The Finance & Technology Day sessions will highlight the importance and value of model codes of practice, virtual knowledge management systems, evaluation tools, communication and coordination between different actors, energy system analysis and energy planning, as well as the development of long-term strategies.
The sessions approach the finance-technology-capacity nexus from different perspectives but converge around common themes. A range of distinguished panelists and speakers outlines aspects of building, enhancing, and sustaining national capacities and local expertise on climate finance, data, and technology. The sessions focus on capacity-building related to public and private finance, including climate and disaster risk finance and transfer, and address capacity needs related to technology, data, and infrastructures, such as earth observation tools, energy system assessments, or smart city design.
Youth play a pivotal role in climate action, and building their capacities is a key priority. There is a wealth of ideas, innovations, and youth-led initiatives that need to be showcased and supported for scaling up implementation. On Finance & Technology Day, the sessions will feature lightning pitches from young climate leaders, a virtual marketplace for ACE and capacity-building, collaborations between youth organizations and young engineers, climate education, and the role of youth in risk management and finance for resilience.