OECS Climate Finance Strategy Workshop
A validation workshop under the Needs-based Climate Finance Project
The OECS Climate Finance Strategy Workshop is being organized by the Organization of Eastern Caribbean States (OECS) under the Needs-based Climate Finance Project (NBF Project) of the secretariat of the United Nations Framework Convention on Climate Change (UNFCCC), which was mandated at COP 23 re-iterated at COP26[1] to facilitate developing countries, hereby six OECS independent (non-annex I) member states (region)[2], to assess their climate finance needs and priorities, including technological and capacity-building needs, and to translate these climate finance needs into the mobilization of resources from the operating entities, multilateral and bilateral institutions etc.
The objective of the workshop is to consider a draft technical assessment of climate finance, flows, needs and challenges, and a draft Climate Finance (access and mobilization) Strategy with priorities goals, and actions for the region and recommend its adoption at the highest political level. The workshop also serves as an opportunity for national experts to engage and exchange information on their priority climate finance needs and deliberate on ways to address common challenges as a group of countries.
Participants will be invited to come well prepared and engage actively in the workshop to both share experiences and agree on a climate finance strategy that will address common priorities and needs of all six countries. Participants include government experts (ministries of finance and environment), engagement with finance stakeholders and development finance institutions will follow.
PROVISIONAL DRAFT PROGRAMME
Day 1 (Tuesday, 13 September 2020)
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Time
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Description
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Speakers
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8:30 – 9:00
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-- Registration --
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Opening Session
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9:00 – 9:15
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Welcoming the participants
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Welcome
OECS Commission
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9:15 – 9:45
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Opening remarks, host country representative
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Saint Lucia
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9:45 – 10:00
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Introduction, overview and expectations of the workshop
This session will outline the Needs-based Climate Finance Project, its objectives and the role and function of the OECS, experts and the UNFCCC secretariat in the project
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UNFCCC secretariat Day 1.pptx
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10:00 – 10:30
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Group Photo and Coffee break
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Technical Assessment of Climate Finance
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10:30 – 11:30
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Session 1: Regional and country assessment of climate needs and priorities
The session will present the main findings from the technical assessment (TA) undertaken on climate finance needs of the 6 countries, as articulated in national reports such as NDCs, NCs, BURs, NAPs and TNAs. This session will also highlight and review efforts at the national and regional level in assessing climate finance needs and priorities, including methodologies and processes used.
The open discussion will focus on the experiences of countries, multilateral and bilateral organization in undertaking thematic and sectoral needs assessments to spur economic diversification and adaptation. In doing so, this session will discuss priority sector, gender, technology, policy and capacity building needs and ways at address them as group of countries.
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Insights into the needs of the Region.pptx
Overview of the needs as identified submissions to the UNFCCC
NBF Consultant, MEXICO2
Open discussion moderator:
UNFCCC secretariat
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11:30 – 12:30
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Session 2: Overview of global and regional climate finance flows
This session will present an overview of the state of climate finance at the international and regional level, the main contributors, climate components, sectors, and instruments. Based on data from the OECD databases and other sources provided by international financial institutions.
The open discussion will explore financial instruments deployed at the national and regional level to mobilize climate finance.
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Climate Finance Flows.pptx
Overview of flow of climate finance into the region from key sources.
NBF Consultant, MEXICO2
Open discussion moderator:
UNFCCC secretariat
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12:30 – 13:30
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-- Lunch break --
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13:30 – 15:30
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Session 3: Country and regional experiences in climate finance
This session highlights efforts at the national and regional levels to mobilize and access climate finance, including efforts in strengthening national institutions as captured in the TA.
The ask is for countries to share what they are doing, and how with support of Governments, the OECS can accelerate action on climate finance now.
Participants will be invited to discuss the following questions on the TA:
- Has the TA captured the key climate needs and priorities of the countries and the region?
- Identify key opportunities that may have been missed or challenges that have not been considered?
- What could be useful to highlight in the TA that informs the needs-based climate finance strategy for the region?
- Better understand the role of NSAs and private finance?
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Country exchange and presentations
Antigua and Barbuda.pptx
Dominca.pptx
Grenada.pptx
Open discussion moderator:
OECS Commission
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15:30 – 17:30
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-- Coffee break --
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Session 3 continued: Country and regional experiences in climate finance
Participants will be invited to discuss the following questions on the TA:
- Has the TA captured the key climate needs and priorities of the countries and the region?
- Identify key opportunities that may have been missed or challenges that have not been considered?
- What could be useful to highlight in the TA that informs the needs-based climate finance strategy for the region?
- Better understand the role of NSAs and private finance?
Discussion questions:
- Views on how best to anchor effort in mobilizing and accessing finance through regional entities?
- Identify what it will take to accelerate actions (e.g. increasing fast direct access to funding, increasing investment in local communities, increasing investment in infrastructure, such as coastal protection, support in post-disaster construction and sustainable development and in land restoration)
- Identify instruments such as non-state actor support for government debt mechanisms, restructuring, sovereign covered debt services & debt swaps, carbon crediting, repayment holidays etc.
- Views on ways to enable addressing climate losses and damages when they happen in an OECS strategy.
- Views on capacity development that is fit for purpose.
- Views on implementation partners and banks (PACC 2030, IADB, CAF, CDB, CABEI etc.)
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St Kitts and Nevis.pptx
Saint Lucia.pptx
(Virtual) St. Vincent
Moderator:
OECS Commission
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17:30 – 17:45
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Summary of the day
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OECS Commission
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Day 2 (Wednesday, 14 September 2020)
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Time
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Description
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Speakers
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9:00 – 09:30
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Session 4: Short recap of day 1
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OECS Commission
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09:30 – 10:30
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Session 5: Adoption of the draft technical assessment.
This session will consider the adoption of the TA, having received and incorporated changes and comments on day 1 as a basis for the draft strategy.
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Consideration and adoption of the TA
Observations from the TA.pptx
All country participants
Moderator:
OECS Commission
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10:30 – 11:00
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-- Coffee break --
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Climate Finance Mobilization and Access Strategy
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11:00 – 11:30
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Session 6: Observations from the TA as rationale for the Strategy
This session will focus on Observations from the TA for consideration in the Climate Finance Strategy to be pursued in several parts:
- Observations from the TA
- Draft options for consideration
- Drafting of the Strategy
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Strategy rationale
Observations from the TA
NBF notes for discussion.pptx
NBF Consultant, MEXICO2
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11:30 – 12:30
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Session 7: Consideration of Strategy options
This session will consider a set of options for a draft Climate Finance Strategy for OECS independent state member countries to include:
- Defining the scope, principles etc.
- Framework for cooperation
- Goals that are essential
- Priorities actions to complete the goals
- Milestones for completion
- Institutional arrangements
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Strategy options
Consideration of strategy options.pptx
Consideration of a first draft OECS Climate Finance Strategy
UNFCCC Secretariat Day 2.pptx
OECS Commission
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12:30 – 13:30
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-- Lunch break --
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13:30 – 15:30
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Session 8: Development of the Climate Finance Mobilization and Access Strategy
The experts will agree on a draft Strategy by identifying:
- What are the goals, actions and timeline of the strategy be?
- What are the key principles of the strategy? (sectors, policies, financial instruments, provider types)
- What is the scope? (duration of strategy, timeframe for development)
- How can national and regional strategies and priorities be integrated into the strategy and vice versa?
- How shall progress and results be assessed?
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Strategy development
All country participants
Co-Moderators:
OECS Commissio
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15:30 – 16:00
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-- Coffee break --
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16:00 – 17:00
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Session 9: Planning for project implementation and next steps
This session is aimed at developing a work plan for implementation and outreach, including at COP 27 and beyond.
- Agreeing on an endorsement process at the highest political level
- Support required and identification of potential implementation and support partners
- Next engagements and meetings required
- COP27
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Implementation
All country participants
Co-Moderators:
OECS Commission
UNFCCC secretariat
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Session 8: Summary and closing remarks
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Saint Lucia
OECS Commission
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