The Presidency will convene the fourth High Level Ministerial Dialogue on Long Term Climate Finance, which will be informed by the reports on the in-session workshop on long-term climate finance and the fourth (2020) Biennial Assessment and Overview of Climate Finance Flows. This dialogue will include panels on enhancing support for developing countries and realising the $100bn goal, supporting a financial system for a net zero and resilient future, and scaling climate finance to mobilise the trillions needed in developing countries. This will be followed by an open plenary for Parties to provide interventions. This session follows previous dialogues at COP 20, COP 22, and COP 24.
The majority of Presidency events taking place across the two weeks will be live streamed either via the UNFCCC webcast (on the UNFCCC website) or through social media channels. Interpretation in the official languages of the United Nations will be provided.
Provisional programme
The Dialogue programme will be moderated by Gillian Tett as moderator of COP26 Finance Day Presidency Events. Gillian is Chair Editorial Board, Editor-at-large, US, The Financial Times
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15:30–15:35
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Opening keynote by COP 26 President H.E. Alok Sharma
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15.35 - 16.10
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First panel discussion: Enhancing support for developing countries and realising the $100bn goal
What specific actions can Ministers take to further enhance the scale and effectiveness of climate finance, in particular with regard to the $100bn per year goal?
Jochen Flasbarth - State Secretary at the Ministry for Environment, Nature Conservation and Nuclear Safety, Germany
Akinwumi A. Adesina - President, African Development Bank
Yannick Glemarec - Executive Director, Green Climate Fund
Nigel Clarke - Minister of Finance and the Public Service, Jamaica
Annika Saarikko - Minister of Finance, Finland
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16.10 - 16.40
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Second panel discussion: Supporting a financial system for a net zero and resilient future
What progress has been made to develop a financial system to support a net zero and climate-resilient future? What steps can Finance Ministers take to ensure this progress continues and delivers sustainable growth for developing countries?
Rishi Sunak - Chancellor of the Exchequer, UK
Carlos Dominguez - Finance Secretary of the Philippines
Azucena Arbeleche - Minister of Economy and Finance, Uruguay
Alison Rose - Chief Executive, NatWest Group
Mathias Cormann - Secretary-General, OECD
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16.40-17.10
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Third panel discussion: Scaling climate finance to mobilise the trillions needed in developing countries
How can Governments and other actors, including MDBs and the private sector, significantly scale up private finance mobilisation to developing countries for adaptation and mitigation? What role should public finance play in improving the conditions for this shift?
Lord Stern - Chair of the Grantham Research Institute
Sri Mulyani Indrawati - Minister of Finance, Indonesia
Makhtar Diop - Managing Director, International Finance Corporation
Rémy Rioux - Chief Executive Officer, Agence Française de Développement
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17.10-17.15
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Presentation on the 2020 Biennial Assessment and Overview of Climate Finance Flows by the Standing Committee on Finance
Vicky Noens and Seyni Nafo - Co-facilitators
Presentation slides
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17.15 - 18.30
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Plenary discussion (3 min. interventions) followed by short closing words by H.E. Alok Sharma and UNFCCC Executive Secretary Patricia Espinosa
Guiding questions:
What specific actions can Ministers take to further enhance the scale and effectiveness of climate finance, in particular with regard to the $100bn per year goal?
What progress has been made to develop a financial system to support a net zero and climate-resilient future? What steps can Finance Ministers take to ensure this progress continues and delivers sustainable growth for developing countries?
How can Governments and other actors, including MDBs and the private sector, significantly scale up private finance mobilisation to developing countries for adaptation and mitigation? What role should public finance play in improving the conditions for this shift?
Please note:
- The dialogue will be held in an enhanced plenary setting.
- Once the Dialogue has commenced, Parties will be invited to make an intervention.
- Parties should note that it may not be possible to accommodate all requests in the time available, unless participants are focused to limit their interventions to 3 minutes.
- Priority will be given to those speaking on behalf of groups of Parties.
- Interpretation in the official languages of the United Nations will be provided.
- In addition, Parties are invited to submit written statements which will be uploaded to the UNFCCC website. Statements should be sent to the below email addresses.
- Observer organizations are also invited to submit written statements which will be uploaded to the UNFCCC website (due to time constraints, priority will be given to Parties during the Plenary discussion).
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Urgent inquiries can be sent to HLMD.COP26@cabinetoffice.gov.uk and HLMD-CF@unfccc.int