Background

The First Global Stocktake (GST1) outcome indicated that both adaptation and mitigation financing must increase significantly. While sufficient global capital is available to bridge the investment gap, barriers remain in redirecting capital toward climate action. Governments play a crucial role in reducing these barriers through public funding and by providing clear signals to investors. Additionally, investors, central banks, and financial regulators can contribute to this effort (GST1, Para 16(b)). 

Furthermore, the GST recognized the vital role of the private sector. It emphasized the need to enhance policy guidance, incentives, regulations, and enabling conditions to achieve the scale of investments required for a global transition to low greenhouse gas emissions and climate-resilient development. The GST encourages Parties to continue improving their enabling environments (GST1, Para 70). 

Several countries across Africa have started developing, or are in the process of developing, their NDCs 3.0. However, countries that participated in the recently concluded NDCs 3.0 Regional Forum for Africa, mentioned insufficient capacities to develop NDC Investment Plans. These investment plans are crucial for aligning national strategies with climate financing, as they outline specific projects and funding needs. Addressing these challenges is essential for unlocking national, international, and private sector investment, ensuring that countries can effectively implement their NDCs. 

Objectives

1. Provide a comprehensive overview of the requirements and expectations for NDC 3.0 submissions, highlighting the importance of increased ambition. 
2. Guide participants through the process of creating detailed NDC Investment Plans, including identifying funding sources, leveraging financial instruments, and engaging with international donors and private sector partners. 
3. Facilitate knowledge exchange by showcasing successful case studies and best practices from within the region and beyond, highlighting innovative approaches to NDC investment. 
4. Encourage the preparation of inclusive NDCs through private-sector involvement.