The Needs-based Finance (NBF) project was established in response to the request by the Conference of the Parties at its twenty-third session[1], and re-iterated at its twenty-sixth session[2] in Glasgow, UK, for the secretariat, in collaboration with the operating entities of the Financial Mechanism, United Nations agencies and bilateral, regional or multilateral channels, to explore ways and means to assist developing country Parties in assessing their needs and priorities, in a country-driven manner, including technological and capacity-building needs, and in translating climate finance needs into action.
To date 12 participating regions covering over 100 countries are being supported and engaged in a strategy design process for the access and mobilization of climate finance to support implementation of priority mitigation and adaptation needs in accordance with goals outlined in their NDCs, national adaptation plans and other relevant policies and plans.
The objective of the side event was to highlight experiences of country and regional leaders in identifying climate finance needs, assessing flows, and developing strategic approaches to strengthen climate finance mobilization, access and capacity. It provided an outline of the project and an update on the progress of the regional support activities and enable country stakeholders to share experiences in the development of plans, projects and encompassing regional climate finance access and mobilization strategies. It also provided funding partners an overview of the full extent of the support needed to implement the strategies endorsed by countries at the highest political level.
Programme
Time
Description
Presentations
15:00-15:15
PART I – OPENING SEGMENT
Opening statements:
Mr. Daniele Violetti, Senior Director, Programme Coordination, UNFCCC secretariat
Mr. David Kaluba, Ministry of Fisheries and Livestock, Republic of Zambia, Chairmanship of African Group of Negotiators, Zambia
15:15-16:10
PART II – PANEL PRESENTATIONS
Panel members presented their experiences in assessing climate finance needs in their region and the strategic plans towards addressing these needs, including the following topics:
Needs assessment – country priorities and climate finance needs
Capacity building needs – building the basis for access to finance now
Enabling environment – key approaches for enabling climate finance mobilization
Finance instruments – the potential for scaled up public and private sector finance
Moving towards implementation – how to turn priorities into action together with partners
