Background

As countries move towards implementing a new generation of climate commitments under NDC 3.0, strengthening the financial implementability of these commitments is becoming increasingly important. While many countries have made ambitious pledges under the Paris Agreement, translating these commitments into actionable, financeable and investment-ready plans remains a significant challenge.

Following the conclusion of direct country support provided by the UN Climate Change Regional Collaboration Centre for East and Southern Africa (RCC EASA) to the Government of Seychelles, growing interest has emerged around how financial implementability assessments can support countries in moving from climate ambition to implementation. The Seychelles assessment focused on evaluating the financial implementability of past NDC commitments and strengthening the investment-readiness of future climate action priorities.

The process highlighted several common barriers to implementation, including limited costing and prioritization of NDC measures, fragmented alignment of public finance systems, and insufficient climate finance mobilization strategies. At the same time, it identified opportunities to strengthen investment frameworks, develop more robust project pipelines and improve institutional coordination mechanisms to enhance the credibility and financial feasibility of NDC implementation.

In response, RCC EASA is convening a virtual masterclass and peer-learning exchange bringing together experts and representatives from Seychelles and Eswatini to share practical experiences, analytical frameworks and lessons learned on strengthening financial implementability and investment planning for NDC 3.0 implementation. The session contributes to the RCC mandate of providing technical, demand-driven support for NDC and LT-LEDS implementation and facilitating peer exchange among countries facing similar implementation challenges.

Objectives

The masterclass aims to support Eswatini in strengthening the financial implementability of NDC 3.0 by sharing practical experiences, analytical frameworks and tools that can help translate climate commitments into credible implementation and investment plans.

Specifically, the session will:

• Present the financial implementability assessment framework applied in the Seychelles NDC process;
• Share lessons on identifying systemic constraints affecting NDC implementation;
• Discuss practical approaches and investment planning tools to strengthen national investment frameworks and financing strategies;
• Facilitate peer exchange between Seychelles and Eswatini as they prepare NDC implementation plans and investment strategies.

Expected outcomes

The masterclass is expected to:

• Improve understanding of financial implementability challenges affecting NDC implementation;
• Share practical lessons from the Seychelles NDC financial assessment;
• Strengthen awareness of tools available for investment planning;
• Facilitate peer exchange among countries preparing NDC implementation frameworks;
• Identify opportunities for follow-up country support.

Audience

The masterclass will bring together representatives from the Governments of Seychelles and Eswatini, national NDC coordination teams, technical experts, development partners and practitioners involved in climate finance, investment planning and NDC implementation support.