The COP requested the secretariat to organize in-session workshops on long-term climate finance (LTF) in 2019 and 2020, focusing on:
1. The effectiveness of climate finance, including the results and impacts of finance provided and mobilized;
2. The provision of financial and technical support to developing country Parties for their adaptation and mitigation actions, in relation to holding the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5 degrees Celsius above pre-industrial levels. The outcomes of the workshop will be summarized by the secretariat for consideration by the COP.
Context
The work programme on long-term climate finance, launched by the Conference of the Parties (COP) at its seventeenth session to progress on long-term finance in the context of scaling-up, new and additional, predictable and adequate finance, including the 100B joint mobilization goal by developed countries (decision 1/CP.16, paragraphs 97–101). The work programme was extended until COP18 and concluded its work at COP19.
COP 19 decided to continue deliberations on long-term finance with three types of complementary activities for the period 2014 to 2020: biennial submissions by developed country Parties on their updated approaches and strategies for scaling up climate finance; annual in-session workshops; and biennial high-level ministerial dialogues on climate finance.
At COP 24, Parties requested the secretariat to organize in-session workshops in 2019 and 2020, focusing on:
a. The effectiveness of climate finance, including the results and impacts of finance provided and mobilized;
b. The provision of financial and technical support to developing country Parties for their adaptation and mitigation actions, in relation to holding the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5 degrees Celsius above pre-industrial levels.
Description/Objective
Part I of the in-session workshop (virtual session) is aimed at providing an overview of the state of mobilization and delivery of climate finance and insights and lessons learned from the LTF period. Reflecting upon the rich information that the LTF workshops have generated and how climate finance issues have evolved and what the COP can consider undertaking to further advance those issues.
The outcomes of the deliberations of the Part I in-session workshop (virtual session) will be further explored at the Part II of the in-session workshop which will take place in conjunction with the subsidiary body sessions in June 2021.
Programme
| 13:00–13:30 |
Opening Session
Opening Remarks
- Patricia Espinosa, Executive Secretary, UNFCCC
- Julio Cordano, COP 25 Presidency, Counselor of the Chilean Foreign Service
Director of Environment and Ocean Affairs, Ministry of Foreign Affairs, Chile
Introductory remarks by the co-facilitators
Zaheer Fakir, South Africa(bio) and Georg Børsting, Norway(bio)
Long-Term Finance Time lines
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| 13:30–13:55 |
Scene-setting presentations
The scene-setting presentations will provide overviews of climate finance in the context of decision 1/CP.16, including its effectiveness and the results and impacts of finance provided and mobilized. This session will also look into the provision of financial and technical support to developing country Parties for their adaptation and mitigation actions, in relation to holding the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5 degrees Celsius above pre-industrial levels.
- The current state of climate finance
- The effectiveness of climate finance, including the results and impacts of finance provided and mobilized
- Overview of provision of financial and technical support to developing country Parties for their adaptation and mitigation actions
Presenters
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| 13:55–14:50 |
Open discussions
This session will provide insights on the scene-setting presentations relating to the mobilization and delivery of climate finance, its impact and effectiveness with regards to supporting the climate actions by developing countries. The co-facilitators will engage with the discussants in exchanging views on the following questions::
- Where are we now in the mobilization and delivery of climate finance as compared to 2010 when decision 1/CP.16 was adopted by Parties?
- What insights can be drawn regarding the effectiveness, results and impacts of climate finance mobilized and delivered?
- What challenges and opportunities do developing countries encounter in accessing financial and technical support for adaptation and mitigation actions?
Discussants
- Mr. Amar Bhattacharya(bio)
Senior Fellow of the Global Economy and Development, Center for Sustainable Development, The Brookings Institution
- Ms. Preety Bhandari(bio)
Director for Climate Change and Disaster Risk Management Division of the Sustainable Development and Climate Change Department, Asian Development Bank
- Mr. Peter Damgaard Jensen(bio)
Chair of the Board of the Institutional Investors Group for Climate Change and Chief Executive Officer of the Pensionskassernes Administration (PKA) of Denmark
- Ms. Mariama Williams(bio)
Programme Coordinator, Sustainable Development, Climate Change and Gender, The South Centre
Q&A
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| 14:50–15:00 |
Wrap-up and closure by the co-facilitators
Zaheer Fakir, South Africa, and Georg Børsting, Norway
MentimeterPoll
Closing Remarks
Mr. Archie Young(bio)
UK Lead Climate Negotiator, Cabinet Office
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