• 16
    Nov
    2016
Dialogue
High-level Ministerial Dialogue on Climate Finance

Time:

15:00 - 19:00

Venue:

Bab Ighli

City:

Marrakech

Country:

Morocco

A multi-stakeholder approach to mobilization and delivery
of adaptation finance


Participation: Open to all Parties and observers attending COP 22
Programme:  Click here 
Webcast: Click here
Statements from Parties and observers: click here
 

Introduction and context

The first High-level Ministerial Dialogue on Climate Finance – held at the twentieth session of the Conference of Parties (COP) in Lima - provided Ministers and State representatives with an opportunity to reflect collectively on the path to meet the climate financing needs faced by developing countries, including the USD 100 billion goal per year by 2020.

The dialogue provided a clear political signal on the need to enable the successful mobilization, deployment, and use of climate finance for the pre-2020 period. Ministers agreed then on the need to ensure accessibility and clarity in the use of climate finance. Ministers also called for improving how the Convention deals with these issues.

In Lima, the COP decided that the second biennial high-level ministerial dialogue on climate finance would take place in Marrakech during the COP 22, to be informed by the 2016 biennial assessment and overview of climate finance flows of the Standing Committee on Finance, and to discuss adaptation finance; the need to support developing country Parties; cooperation on enabling enhanced environments and support for readiness activities.

These priorities are in line with the conclusions drawn from the in-session workshop on long-term finance held in Bonn, in May 2016 (held in-line with decision 5/CP.20), they include:

a) The nationally determined contributions (NDCs) constitute a good opportunity for supporting the scaling up of climate finance, including adaptation finance whose access remains a challenge, particularly for small island developing States and least developed countries;

b) Country-driven processes in developing countries are fundamental for scaling up climate finance; strengthening national public financing management system and the overall policy environment is vital to effectively manage, leverage and monitor the effectiveness of climate finance flows;

c) The role of the private sector in adaptation finance needs to be further enhanced;

d) Better information needs to be generated for more efficient planning, including through enhanced tracking of climate finance flows, particularly for adaptation finance.

Purpose of the Dialogue

The Ministerial Dialogue convened at COP 22 in Marrakech to provide a clear vision on how to make further progress on the mobilization of climate finance, supported by the broadest range of Parties.

In line with the COP 22 focus, the success of the Dialogue was assessed in terms of its capacity to enable real action for concrete results. Therefore, the Ministerial Dialogue focused on enabling and delivering concrete initiatives on leveraging and catalyzing public and private finance, with a particular focus on mobilization of adaptation finance in developing and emerging economies.

The High-Level Ministerial Dialogue on Climate Finance paid particular attention to issues and opportunities related to enhancing access, in addition to the delivery of climate finance and developing innovative tools in order to sustain the transformation towards a climate-resilient economy. A space was also provided to discuss the concrete roadmap to achieve the target of USD 100 billion per year by 2020. The dialogue also allowed the presentation of examples of initiatives to deliver saled-up public and private finance.

As such, the Ministerial Dialogue covered the key issues identified in the attached provisional program. The Dialogue was led by the President of COP 22, CMP 12 and CMA 1, Mr. Salaheddine Mezouar, Minister of Foreign Affairs of Morocco, and moderated by high level climate finance experts. Ministers were encouraged to come prepared for an interactive and lively dialogue on the aforementioned issues.

Brief scene-setting presentations followed by high-level panels helped launch the discussions by delivering targeted and forward looking thoughts on the topics at hand. The moderators then called upon participants to contribute to the discussion by reacting to the presentations, the panel discussions and views expressed by other Parties.

The Dialogue was held in an enhanced plenary setting conducive to interactive discussions. Delegations were provided with one seat at the table and one seat in an advisory row. In addition, adequate dedicated seating areas were made available for Parties, other members of delegations and representatives of observer organizations. Furthermore, the event was webcast.

Interpretation in the official languages of the United Nations was provided.

Statements from Parties and observers .

Title

Inaugural Session

First Track
“Financial Policies For Climate Action”

  • H.E. Mr. Frank Bainimarama, Prime Minister of the Republic of Fiji
    Statement 

  • H.E. Mr. Peter Thomson, President of the 71st session of the United Nations
    Statement 

  • H.E. Mr. Mohamed Boussaid, Minister of Economy and Finance, Morocco
    Statement 

Second Track
“Scaling-Up Climate Finance And Widening The Field”

  • H.E. Edgar Lungu, President of the Republic of Zambia
    Statement 

  • Ms. Outi Honkatukia, Chief Negotiator for Climate Change, Finland and co-chair of the SCF

         Presentation 

  • Ms. Naoko Ishii, CEO and Chairperson of the Global Environment Facility
    Statement 

  • Mr. Thoriq Ibrahim, Minister of Environment and Energy, Maldives, Chair of AOSIS
    Statement 

  • Mrs. Isabella Lövin, Deputy Prime Minister of Sweden
    Statement 

  • Mr. Sean Kidney, CEO and co-Founder of the Climate Bonds Initiative, and Chair of the Climate Bonds Standards Board
    Background on climate bonds 

Discussion Session

Statements from Parties

Statements from observers

Closing Session

 

Further relevant information on the Dialogue, including statements from other participants, will be posted here when available.
For any questions, please contact the secretariat.

Language:

English
Mandated event