The Conference of the Parties at its nineteenth session through decision 3/CP.19 decided to convene a biennial High-level Ministerial Dialogue on Climate Finance starting in 2014 and ending in 2020 and informed, inter alia, by the in-session workshops on long-term finance and the submissions on updated strategies and approaches for scaling-up climate finance from 2014 to 2020 referred to in the same decision. Furthermore, the COP requested the presidency of the Conference of the Parties to summarize the deliberations of the dialogue.
In response to this request H.E. Mr. Manuel Pulgar-Vidal, President-designate of COP20/CMP10, convened the High-level Ministerial Dialogue on Climate Finance on Tuesday 9th December
Purpose of the Dialogue
The Dialogue provides a unique opportunity for Ministers to engage with each other to reflect on how the current institutional arrangements and the information tools for climate finance under the UNFCCC are providing countries with the necessary reassurance that international public finance is flowing and is achieving its intended purpose and to further discuss their potential for scaling up funding and investments by engaging different actors.
Ministers were requested to engage in discussions based on a set of guiding questions:
- To what extent are the Convention’s information tools and institutional arrangements for climate finance working together to ensure the predictability and scaling-up of international climate funding?
- How can these strengthen in-country decision-making processes and mobilize further funding and investments while encouraging the engagement of non-state actors?
- How can Parties ensure that articulating the current arrangements into a robust institutional framework and an effective information system provide the necessary transparency and predictability in the provision and use of climate finance towards a post-2020 world?
The organization of the event was conducted in a manner which respected Parties' collective desire for enhanced time management at the session. Consequently Parties were reminded that it was not possible to accommodate all requests in the three hour period available, unless participants were focused to limit their interventions to 3 minutes. Priority was given to those speaking on behalf of groups of Parties. Noting that this event took place in parallel to the delivery of national statements to the High-level Segment Parties were encouraged to indicate in advance their desire to intervene by contacting the UNFCCC secretariat.