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Ensuring Intergenerational Equity in Climate Finance: Youth-led dialogue on the New Collective Quantified Goal on Climate Finance (NCQG) - Mandated event
13 Nov. 2024
10:00h - 11:00h
AZT/UTC+4
Baku, Azerbaijan
Azerbaijan
Meeting Room 05, Area C
Area C
Education and Youth
English
0
Ensuring Intergenerational Equity in Climate Finance: Youth-led dialogue on the New Collective Quantified Goal on Climate Finance (NCQG) - Mandated event
13 Nov. 2024
10:00h - 11:00h
AZT/UTC+4
Baku, Azerbaijan
Azerbaijan
Meeting Room 05, Area C
Area C
Education and Youth
English

YOUTH-LED CLIMATE FORUM:

 

The global climate problem has a profound impact on young people all around the world, making it imperative that they actively participate in the process of formulating climate change policy. Paragraph 65 of the Glasgow Climate Pact invites future COP Presidencies to organise annual climate forums contributing to the implementation of the Glasgow work programme on Action for Climate Empowerment. Therefore, the Conference of the Parties (COP29) recognized the importance of this matter by providing support for the organisation of the Youth-led Climate Forum (YCF). These forums were intended to foster strong conversation between international youth and Parties. The COP29 Presidency, with the support of the secretariat, in collaboration with the UNFCCC children and youth constituency and other youth organizations were responsible for facilitating these forums. This contributed to ensuring that the voices of young people are not only heard, but become vital to the process of policymaking.

Thematic Summary:

NCQG

  •  YOUNGO positions on the NCQG
    • Intergenerational Equity in Climate Finance
    • Meaningful Youth engagement in financial institutions: Dialogue with CIF and other Financial Institutions)
    • Direct access to finance for children and youth and Indigenous people
    • Financing youth-led solutions

Background:

The Ensuring Intergenerational Equity in Climate Finance: Youth-led dialogue on the New Collective Quantified Goal on Climate Finance (NCQG) at COP29, was hosted by the COP29 Presidency in collaboration with the YOUNGO Energy and YOUNGO Finance & Market working groups. These forums were intended to foster strong conversation between international youth and Parties. This was achieved by bringing together young leaders, policymakers, and experts to discuss The New Collective Quantified Goal (NCQG) key elements and highlight young people's demands in setting a new financial target to support developing countries in their climate actions post-2025, among other things. The event provided a platform for youth to advocate for stronger financial commitments, equitable energy access, and inclusive climate finance frameworks, highlighting the importance of ensuring the meaningful participation of children and youth in these critical discussions to ensure ambition, fairness and intergenerational equity in climate finance.

 

Objectives:

 

  • To encourage dialogue between youth and negotiators around NCQG with a focus on intergenerational equity and the need for access to climate finance for vulnerable communities.
  • To disseminate YOUNGO’s work on the NCQG, the need for meaningful youth engagement in financial institutions and opportunities to get involved.

 

Speakers & Moderators:  

Moderators

  • Jodi-Ann Jue Xuan Wang
  • Mohammed Usrof

Youth Speakers

  • Juliana Melisa Asprilla
  • Raina Lakhamraju

Parties and Observers

  • Abdiel Douglas (Panamá)
  • Hendrikje Reich (Germany)
  • Genaro Godoy (Chile)
  • Kelly Sharp (Canada)
  • Magsad Huseynov (Azerbaijan)
  • Tariye Gbadegesin (CIF)
  • Dora Nsuwa Cudjoe (CIF)

Intended Outcomes:

  • Statements from Parties on the role of the NCQG in ensuring Intergenerational Equity
  • Socialization of YOUNGO’s Position on Climate Finance

Guiding Discussion Questions:

  • What are the main elements of the NCQG that can contribute to ensuring Intergenerational equity, ambition and fairness in Climate Finance?
  • How can we effectively address issues of climate justice and inclusion for marginalized communities, and what specific actions are needed to ensure that the voices of vulnerable populations are meaningfully represented in climate decision-making, particularly in the context of climate finance?
  • What role can youth play in holding governments and financial institutions accountable for meeting their climate finance commitments?
  • How can the NCQG catalyze private sector investment in climate action, and what role should governments play in this process?

Agenda

Time

Item

Details

Speakers

10.00-10.05

Welcome and Introduction

  • Welcoming participants and panelists.
  • Introducing what the Youth Climate Forum is and an Overview of the NCQG discussion.

Moderators

10.05- 10.10

CIF Announcement

  • Speech on the importance of meaningful youth engagements in International Financial institutions processes and the announcement of the Climate Investment Fund fellowship

Climate Investment Fund

10.10- 10.15

Global Youth Statement Policy Summary

  • Summary of the Global Youth Statement focusing on the Climate Finance and Markets Key thematic demands 

Moderators 

10.15- 10.45

Structured Dialogue

  • Refer to the guiding questions

Children, Youth, Parties and Observers  

10.45-10.55

Q&A

  • Questions from the Audience

Moderators 

10.55-11.00

Closing Remarks

  • Final remarks from each panellist followed by conclusion of event from youth

 

Further information on the Youth-led Climate Forums at COP 29 is available here.