Background:

As countries prepare their next round of NDC submissions for 2025, they face the challenge of translating high-level commitments into bankable, implementable strategies with measurable outcomes. Mobilizing private sector finance is pivotal for addressing the existing finance and implementation gaps, particularly in delivering the large-scale transformational changes required for NDC targets. Key to this process is ensuring the "investability" of NDCs by scaling project preparation, pipeline development, project aggregation, and implementing policy reforms.

Private sector involvement can facilitate the development of financial mechanisms, build stakeholder trust, and address the gap between policy formulation and actionable climate solutions. 

This side event explored the role of the private sector in developing and implementing NDCs and how the private sector can play a meaningful role in delivering economic opportunities and unlocking finance on the ground.

The event discussed ways to enhance public‐private partnerships for NDC investment and implementation, discuss mechanisms to boost private sector engagement, identify challenges, including those related to Article 6, and examine how enabling environments, considering national and local contexts, can enhance private sector contributions to climate action. 

Objectives:

This event aimed to:

• Establish a clear and constructive dialogue framework between the private sector, governments, and other stakeholders to enhance the effective implementation of NDCs. 

• Facilitate high-level discussions on specific challenges and barriers to private sector engagement in climate action, including issues related to Article 6. 

• Provide practical recommendations to address barriers and strengthen private sector participation in NDC implementation. 

Watch the event again:

Credit: UN Climate Change

Credit: UN Climate Change	Credit: UN Climate Change	Credit: UN Climate Change
Credit: UN Climate Change	Credit: UN Climate Change	Credit: UN Climate Change