EAC Climate Finance Mobilization and Access Strategy
Validation Workshop
27-28 April 2021
Concept paper
As part of the EAC Need-Based-Finance (NBF) project, the EAC Secretariat, with support from the UNFCCC Secretariat and its Regional Collaboration Center (RCC Kampala), has completed a technical assessment of the current climate finance flows and needs in its six Partner States. Based on a review of the Partner States’ NDCs, regional and national climate change policies and related strategies, and a series of meetings and interactions with Partner States the assessment estimated climate finance needs at USD 189 billion required until 2030 to mitigate and adapt to climate change in the region. This includes at least USD 2.2 billion required for addressing crucial trans-boundary and regional climate change issues.
The assessment moved the NBF project into its second stage of developing a regional (EAC) Climate Finance Access and Mobilization Strategy, hereafter referred to as the Strategy. The Strategy is to identify key strategic areas and actions to ensure climate finance is effectively mobilized, accessed, utilized and scaled up to contribute to the achievement of intended climate change goals and low-emission development in the East African Community.
The EAC Secretariat is pleased to invite Partner States for a two-day virtual Strategy validation workshop on 27-28 April 2021.
Objective of the meeting
The objective of the workshop is to allow EAC Partner States to:
- Discuss and agree on the content of the Climate Finance Access and Mobilization Strategy;
- Agree on priority transboundary pipeline projects, programmes, initiatives and funding facilities to address regional climate change issues; and exchange information on national priority projects;
- Develop an implementation plan; including regional and national coordination, monitoring, reporting and review mechanisms.
Outcome
Adoption of the revised technical assessment of climate finance in the East African Community, finalization of the draft Climate Finance Mobilization and Assess Strategy, agreement on regional priority pipeline projects; a concise implementation action plan and monitoring and review mechanism. The Strategy will, after addressing issues and suggestions of the validation workshop, be submitted for endorsement following EAC’s processes.
Participation
The virtual workshop will be attended by participants from:
- Country representatives
- Ministry responsible for climate change
- Ministry responsible for Finance
- Ministry responsible for East African Community Affairs
- EAC secretariat
- UNFCCC secretariat
- Regional partners i.e. East African Alliance on Carbon Markets and Climate Finance
Programme
27 April 2021 (14:00 – 17:00 EAT)
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Time
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Session
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Speakers & facilitators
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Discuss and agree on the final elements of the EAC Climate Finance Mobilization and Access Strategy
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13:50-14:00
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Arrival in the virtual room
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14:00-14:10
10 min
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Session 1:
Welcoming participants
Opening remarks: A recap of previous processes and stating the objectives and expected outcomes of this validation workshop.
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EAC Secretariat
Chairperson
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14:10-14:25
15 min
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Session 2:
Adoption of the final Technical Assessment
Participants will confirm if all previous comments and suggestions are reasonably addressed in the current version. The final document will be e-published by the UNFCCC. Partner States can express any reservations.
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EAC Secretariat
Chairperson (Facilitation)
All Participants
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14:25-15:25
60 min
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Session 3:
Discussion of the Strategy (1/3)
The Strategy will jointly be developed by countries, based on the initial draft and comments received in consultations prior to the workshop, following along the sections as described below.
Introduction and Strategic Framework: The overall objective, intended impacts and key principles guiding the design, implementation and monitoring of the Strategy.
Strategic area 1: Capacity-building for addressing climate finance access skills gap;
Strategic area 2: Enhancing capacity and mechanisms at national and regional level for the coordination, development and implementation of mitigation and adaptation projects or development projects with climate change co-benefits;
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EAC Secretariat
Chairperson (Facilitation)
All Participants
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15:25 -15:35
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10-minute break
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15:35–16:35
60 min
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Session 4:
Discussion of the Strategy (2/3)
Strategic area 3: Enhanced enabling environment for mobilizing funding and catalysing private investment;
Strategic area 4: Identifying and mobilizing effective, innovative and appropriate financing for priority climate action in the EAC;
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Chairperson (Facilitation)
All Participants
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16:35-16:50
15 min
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Session 5:
Key issues arising
A recap of changes to be made to the Strategy
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Chairperson
NBF consultant
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16:50-17:05
15 min
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Day 1 closing remarks
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Chairperson
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28 April 2021 (14:00 – 17:00 EAT)
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Time
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Session
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Speakers & facilitators
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13:50-14:00
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Arrival in the virtual room
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14:00-14:10
10 min
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Session 6:
Welcoming participants
Day 2 agenda and expected outcomes.
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EAC Secretariat
Chairperson
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14:10-14:40
30 min
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Session 7:
Discussion of the Strategy (3/3)
Strategic area 5: Promote available mechanisms to mobilize additional climate finance;
Agreeing on timeline for a refined version.
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Chairperson
(Facilitation)
All Participants
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Discuss and agree on project pipelines, coordination, monitoring and review mechanisms of the Strategy
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14:40-15:40
60 min
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Session 8:
Discussion of regional pipeline programs and projects
A list or pipeline of priority climate projects, programmes, investments, and or funding facilities as identified by EAC Partner States shall further support the mobilization of climate finance with direct funding for priority projects to the region.
Countries to briefly share information about proposed priority projects regarding climate mitigation/adaptation benefits and sustainable development benefits (job creation, increased food security, gender equity, etc) of the proposed project, costing, indicative financing plan and gap, and key project information. Trans-boundary projects implemented in two or more Partner States to take precedence.
Partner States to discuss which projects/programmes/initiatives/funding facilities to be prioritized and included in the regional pipeline.
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Chairperson
(Facilitation)
NBF consultant
All Participants
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15:40 -15:50
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10-minute break
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15:50 -16:35
45 min
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Session 9:
Implementation action plan, coordination and monitoring mechanism
This session will clarify on the role EAC Secretariat and mandate for the implementation of the Strategy and pipeline, indicate the timelines and roles of national institutions for initiation of the proposed initiatives, and platforms for monitoring action at regional and national level.
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Chairperson
(Facilitation)
All Participants
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16:35-16:55
20 min
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Session 10:
Proposed next steps for the Strategy endorsement; initiating implementation of actions; full development of the agreed pipeline projects; national level action, etc.
General feedback or requests
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Chairperson
(Facilitation)
All Participants
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16:55-17:00
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Final remarks
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Chairperson
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