Counting the Cash: Fast Start Financing and the Future of Climate Finance

Size: px
Start display at page:

Download "Counting the Cash: Fast Start Financing and the Future of Climate Finance"

Transcription

1 Counting the Cash: Fast Start Financing and the Future of Climate Finance Maria Athena Ronquillo-Ballesteros Institutions and Governance Program World Resources Institute September 2010

2 Global Goal Mitigation Technology Finance Capacity building SHARED VISION Developed country Commitments MRV Adaptation Forests Developing Country Actions UNFCCC goal: prevent "dangerous" human interference with the climate system Requires an ambitious and functional agreement MRV is a key process to support the multiple components of an agreement

3 MRV Functions and Outcomes You can t manage what you can t measure Functions Measure climate financial flows Report flows internationally Verify accuracy of reported data Outcomes Trust Recognition Accountability Increased ambition Sharing best practices Increased national capacity to monitor

4 One CSO effort to track FSF y-developed-country-fast-start-climatefinance-pledges

5 Criteria to Assess the Pledges Program priorities: a balanced allocation between adaptation and mitigation and including forestry Eligibility criteria: Adaptation funding prioritized for the most vulnerable developing countries Channels: Includes investments through international institutions Sources: Is new and additional

6 Balanced Allocation? EU (2010): 63% mitigation, 37% adaptation Denmark (2010): 52% mitigation, 48% adaptation & capacity building Germany: ~1/3 for adaptation, 350 for REDD, the remainder for energyrelated mitigation France: 20% for REDD+ Japan: $5.1 billion for mitigation, $165 million for REDD+, $225 million for Adaptation

7 Aggregating the Fast-Start Pledge Total Annual Pledges $10.25bn $9.78bn $7.88bn Total Pledge: $27.9 billion countries have specified their individual pledge

8 Which Channels? A significant portion of the funds will flow through bilateral channels Dominant multilateral channels of choice: CIFs & the GEF Accountability: Standards and systems that ensure power is exercised responsibly Power: Formal and informal distribution of the capacity to determine outcomes The governance of the funds has implications for the effectiveness and perceived legitimacy. Responsibility: Exercise of power for its intended purpose

9 What counts matters

10 Is it New and Additional? New New sources? Increases over previous years? Additional As compared to ODA? As compared to ODA targets? As distinct from ODA? Each party is using its own approach to defining new and additional.

11 What have we learned so far? Countries are putting forward individual fast start finance pledges, so progress being made But many questions still remain Review of the data Reporting nuanced information Recipient country reporting/ double booking Tracking and monitoring is currently difficult Need greater transparency and an agreed, common reporting/mrv processes An MRV role for civil society MRV of the spending an effectiveness question

12 Going beyond FSF: Long term tracking climate finance Climate financial flows include: North-South public flows Private finance South-South flows Domestic finance in developing countries Principles : Complete Transparent Comparable Accurate Efficient

13 Conclusions Current reporting lacks transparency, completeness, comparability, efficiency and accuracy Parties could make improvements by adopting new reporting guidelines (key step for Cancun and beyond) A new reporting format prompts considerations for the redesign of the review process and the institutions involved in the MRV process Institutions tasked to channel and administer FSF need to address legitimacy issues Need to enhance the role of National Implementing Agencies/Entities Build up Citizens MRV of climate finance effectiveness

14 More Information See our publications at Summary of Developed Country Fast-Start Climate Finance Pledges Guidelines for Reporting Information on Climate Finance Power, Responsibility and Accountability: Re-Thinking the Legitimacy of Institutions for Climate Finance Counting the Cash: Elements of a Framework for the Measurement, Reporting and Verification of Climate Finance

SUBMISSION BY DENMARK AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES

SUBMISSION BY DENMARK AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES SUBMISSION BY DENMARK AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES Bonn, 25 May 2012 Subject: EU Fast Start Finance Report Key Messages In accordance with developed

More information

15889/10 PSJ/is 1 DG G

15889/10 PSJ/is 1 DG G COUNCIL OF THE EUROPEAN UNION Brussels, 9 November 2010 15889/10 ECOFIN 686 ENV 747 NOTE From: To: Subject: Council Secretariat Delegations EU Fast start finance Report for Cancun Delegations will find

More information

COUNCIL OF THE EUROPEAN UNION. Brussels, 11 May /10 ECOFIN 249 ENV 265 POLGEN 69

COUNCIL OF THE EUROPEAN UNION. Brussels, 11 May /10 ECOFIN 249 ENV 265 POLGEN 69 COUNCIL OF THE EUROPEAN UNION Brussels, 11 May 2010 9437/10 ECOFIN 249 ENV 265 POLGEN 69 NOTE from: to: Subject: The General Secretariat of the Council Delegations Financing climate change- fast start

More information

How to Mobilise USD 100 Billion?

How to Mobilise USD 100 Billion? How to Mobilise USD 100 Billion? Presentation at LCS-Rnet Wolfgang Sterk Third Annual Meeting Research Group Paris Energy, Transport and Climate Policy Overview UNFCCC Framework, Principles and Commitments

More information

G20 STUDY GROUP ON CLIMATE FINANCE PROGRESS REPORT. (November )

G20 STUDY GROUP ON CLIMATE FINANCE PROGRESS REPORT. (November ) G20 STUDY GROUP ON CLIMATE FINANCE PROGRESS REPORT (November 2 2012) SECTION 1 OVERVIEW OF STUDY GROUP INTRODUCTION This study group has been tasked by G20 leaders in Los Cabos to consider ways to effectively

More information

PRIORITIES FOR INTERNATIONAL CLIMATE POLICY - In view of the Cancún Conference

PRIORITIES FOR INTERNATIONAL CLIMATE POLICY - In view of the Cancún Conference POSITION PAPER 26 November 2010 PRIORITIES FOR INTERNATIONAL CLIMATE POLICY - In view of the Cancún Conference European companies support action to combat climate change and are committed to taking their

More information

Governance and Financial Mechanism - Oversight of Climate Financing. Farrukh Khan Pakistan

Governance and Financial Mechanism - Oversight of Climate Financing. Farrukh Khan Pakistan Governance and Financial Mechanism - Oversight of Climate Financing Farrukh Khan Pakistan Governance and Oversight Needs Measure, report and verify (MRV) international financing from all sources Registry

More information

National Climate Registries and the CIF. David Reed

National Climate Registries and the CIF. David Reed National Climate Registries and the CIF David Reed National Development Plan(s) Adaptation: NAPAs Strategic Plans for Climate Resilience or equivalents Mitigation: NAMAs CTF and SREP Investment Plans Low

More information

Organisation strategy for Sweden s cooperation with the Green Climate Fund for

Organisation strategy for Sweden s cooperation with the Green Climate Fund for Organisation strategy for Sweden s cooperation with the Green Climate Fund for 2016 2018 Appendix to Government Decision 22 June 2016 (UD2016/11355/GA) Organisation strategy for Sweden s cooperation with

More information

Basics on climate finance for green growth

Basics on climate finance for green growth Basics on climate finance for green growth Accessing LEDS Finance for Green Growth Hanoi, 12-13 March, 2014 Ari Huhtala, Deputy CEO CDKN ari.huhtala@cdkn.org / www.cdkn.org Small part of the global investment

More information

Tamara Levine, Development Cooperation Directorate, OECD Maseru Lesotho, October 2011

Tamara Levine, Development Cooperation Directorate, OECD Maseru Lesotho, October 2011 Climate Change Finance and Development Effectiveness Tamara Levine, Development Cooperation Directorate, OECD Maseru Lesotho, October 2011 Development Assistance Committee DAC A unique international i

More information

Challenges with climate change financing in the Pacific

Challenges with climate change financing in the Pacific Challenges with climate change financing in the Pacific Introduction to the Pacific and the Green Climate Fund Espen Ronneberg Climate Change Adviser SPREP Overview 1. Challenges to climate change finance

More information

THE NORWEGIAN FAST-START FINANCE CONTRIBUTION

THE NORWEGIAN FAST-START FINANCE CONTRIBUTION Working Paper THE NORWEGIAN FAST-START FINANCE CONTRIBUTION THORVALD MOE, STEFFEN KALLBEKKEN, SMITA NAKHOODA, TARYN FRANSEN, AND ALICE CARAVANI EXECUTIVE SUMMARY Developed country governments have repeatedly

More information

Work of the Spin-off group on Article 6 on finance and related decision paragraphs

Work of the Spin-off group on Article 6 on finance and related decision paragraphs AD HOC WORKING GROUP ON THE DURBAN PLATFORM FOR ENHANCED ACTION Second session, part eleven 19-23 October 2015 Bonn, Germany Work of the Spin-off group on Article 6 on finance and related decision paragraphs

More information

Major Economies Business Forum: Green Climate Fund and the Role of Business

Major Economies Business Forum: Green Climate Fund and the Role of Business Major Economies Business Forum: Green Climate Fund and the Role of Business KEY MESSAGES In the Cancún Agreement, developed nations pledged to mobilize $100 billion 1 per year by 2020 to fund efforts in

More information

NGO Briefing Paper Climate Finance in the Multiannual Financial Framework September 2012

NGO Briefing Paper Climate Finance in the Multiannual Financial Framework September 2012 NGO Briefing Paper Climate Finance in the Multiannual Financial Framework September 2012 The MFF and the Copenhagen climate finance commitment The proposals for the EU Multiannual Financial Framework (MFF)

More information

DRAFT TEXT. SBSTA 49 agenda item 12. Modalities for the accounting of financial resources provided and mobilized through public

DRAFT TEXT. SBSTA 49 agenda item 12. Modalities for the accounting of financial resources provided and mobilized through public DRAFT TEXT on SBSTA 49 agenda item 12 Modalities for the accounting of financial resources provided and mobilized through public interventions in accordance with Article 9, paragraph 7, of the Paris Agreement

More information

M. ZAKIR HOSSAIN KHAN, TI - BANGLADESH. Manila, May 2015

M. ZAKIR HOSSAIN KHAN, TI - BANGLADESH. Manila, May 2015 M. ZAKIR HOSSAIN KHAN, TI - BANGLADESH Manila, 25 27 May 2015 hkhan@t-bangaldesh.org CLIMATE FINANCE: LEGAL FRAMEWORK UNFCCC lays down the basic principles of climate finance such as transparency, accountability,

More information

DRAFT Decision 1/CP.15 (Decision 1/CMP.5 in separate document)

DRAFT Decision 1/CP.15 (Decision 1/CMP.5 in separate document) DRAFT 271109 Decision 1/CP.15 (Decision 1/CMP.5 in separate document) Adoption of The Copenhagen Agreement Under the United Nations Framework Convention on Climate Change The Conference of the Parties,

More information

ASSESSING THE COMPLIANCE BY ANNEX I PARTIES WITH THEIR COMMITMENTS UNDER THE UNFCCC AND ITS KYOTO PROTOCOL

ASSESSING THE COMPLIANCE BY ANNEX I PARTIES WITH THEIR COMMITMENTS UNDER THE UNFCCC AND ITS KYOTO PROTOCOL October 2009 No. 17 ASSESSING THE COMPLIANCE BY ANNEX I PARTIES WITH THEIR COMMITMENTS Executive Summary The UNFCCC is a finely balanced policy regime that incorporates a set of obligations and commitments

More information

Private Climate Finance Support - Effectiveness

Private Climate Finance Support - Effectiveness Private Climate Finance Support - Effectiveness Presentation to the CCXG Working Group OECD Shelagh Whitley Research Fellow 26 September 2012 Funding will come from a wide variety of sources, public and

More information

Ethiopia s Climate Resilient Green Economy (CRGE) Facility Terms of Reference

Ethiopia s Climate Resilient Green Economy (CRGE) Facility Terms of Reference Federal Democratic Republic of Ethiopia Ethiopia s Climate Resilient Green Economy (CRGE) Facility Terms of Reference Final Version Ministry of Finance and Economic Development August 2012 Addis Ababa

More information

Session 4 Status of Climate Finance in the Philippines

Session 4 Status of Climate Finance in the Philippines Session 4 Status of Climate Finance in the Philippines Workshop on Corruption Risks and Anti- Corruption Strategies in Climate Finance Manila, Philippines 25 to 27 May 2015 Summary of Day 1 2 Session objective

More information

Potential and exemplar financial. Makoto Kato

Potential and exemplar financial. Makoto Kato Potential and exemplar financial schemes for NAMAs Makoto Kato OECC 1 Outline 1. NAMAs and Finance international negotiation context 2. Schemes that can be used for financing NAMAs 3. Important Note 2

More information

WWF Expectations for the UNFCCC Durban Conference of Parties

WWF Expectations for the UNFCCC Durban Conference of Parties Global Climate and Energy Initiative November 2011 WWF Expectations for the UNFCCC Durban Conference of Parties COP 17 in Durban will be a tipping point in the UN negotiation process on climate change.

More information

Relationship with UNFCCC and External Bodies

Relationship with UNFCCC and External Bodies Relationship with UNFCCC and External Bodies 19 June 2013 Meeting of the Board 26-28 June 2013 Songdo, Republic of Korea Agenda item 9 Page b Recommended action by the Board It is recommended that the

More information

GOVERNANCE FRAMEWORK FOR

GOVERNANCE FRAMEWORK FOR December, 2011 GOVERNANCE FRAMEWORK FOR THE STRATEGIC CLIMATE FUND Adopted November 2008 and amended December 2011 Table of Contents A. Introduction B. Purpose and Objectives C. SCF Programs D. Governance

More information

2 nd Biennial Assessment and Overview of Climate Finance Flows

2 nd Biennial Assessment and Overview of Climate Finance Flows 2 nd Biennial Assessment and Overview of Climate Finance Flows Chapter I: Methodological Issues Relating to Measurement, Reporting and Verification of Climate Finance 19 July 2016 Chapter Layout Introduction

More information

Policy pointers. Scoring fast-start climate finance: leaders and laggards in transparency. Transparency matters. A transparency scorecard

Policy pointers. Scoring fast-start climate finance: leaders and laggards in transparency. Transparency matters. A transparency scorecard september 2011 Scoring fast-start climate finance: leaders and laggards in transparency Policy pointers n Transparent reporting on climate finance is essential for governments to plan mitigation and adaptation

More information

Our challenges and emerging goal State of affairs of negotiation towards Copenhagen Possible agreement in Copenhagen Conclusion: emerging feature of

Our challenges and emerging goal State of affairs of negotiation towards Copenhagen Possible agreement in Copenhagen Conclusion: emerging feature of Our challenges and emerging goal State of affairs of negotiation towards Copenhagen Possible agreement in Copenhagen Conclusion: emerging feature of post-2012 regime 2 Our Challenges(1) Some scientific

More information

Climate change and development are intrinsically linked

Climate change and development are intrinsically linked Climate-related development finance in 2013 Improving the statistical picture External development finance plays a key role to support developing countries in their transition to a low-carbon, climate-resilient

More information

Japan s Assistance to SIDS

Japan s Assistance to SIDS Japan s Assistance to SIDS *SIDS: Small Island Developing States Hiroshi Minami Deputy Director General for Global Issues, Ministry of Foreign Affairs of Japan Japan s Vision and Actions toward Low Carbon

More information

Climate change and development are intrinsically linked

Climate change and development are intrinsically linked Climate-related development finance in 2013 Improving the statistical picture Update June 2015* External development finance plays a key role to support developing countries in their transition to a low-carbon,

More information

Summary and Recommendations by the Standing Committee on Finance on the 2016 Biennial Assessment and Overview of Climate Finance Flows

Summary and Recommendations by the Standing Committee on Finance on the 2016 Biennial Assessment and Overview of Climate Finance Flows Summary and Recommendations by the Standing Committee on Finance on the 2016 Biennial Assessment and Overview of Climate Finance Flows Seyni Nafo and Outi Honkatukia 7 November, 2016 Functions and the

More information

DRAFT TEXT. SBSTA 49 agenda item 12. Modalities for the accounting of financial resources provided and mobilized through public

DRAFT TEXT. SBSTA 49 agenda item 12. Modalities for the accounting of financial resources provided and mobilized through public DRAFT TEXT on SBSTA 49 agenda item 12 Modalities for the accounting of financial resources provided and mobilized through public interventions in accordance with Article 9, paragraph 7, of the Paris Agreement

More information

Summary of the Co-Chairs Strategic Climate Fund Trust Fund Committee Meeting January 27, 2009

Summary of the Co-Chairs Strategic Climate Fund Trust Fund Committee Meeting January 27, 2009 February 10, 2009 Summary of the Co-Chairs Strategic Climate Fund Trust Fund Committee Meeting January 27, 2009 Co-Chairs Sami Sofan, Yemen Katherine Sierra, World Bank Opening of Meeting 1. The meeting

More information

Tracking Climate Finance: The OECD DAC Reporting Framework

Tracking Climate Finance: The OECD DAC Reporting Framework Tracking Climate Finance: The OECD DAC Reporting Framework Jean Touchette Statistics and Monitoring Division Development Co operation Directorate OECD July 2012 Presentation Outline Overview of resource

More information

Green Climate Fund and the Paris Agreement

Green Climate Fund and the Paris Agreement Briefing Note February 2016 Green Climate Fund and the Paris Agreement Climate Focus Client Brief on the Paris Agreement V February 2016 Introduction The Paris Agreement and the supporting Decision include

More information

JOINT REPORT ON MULTILATERAL DEVELOPMENT BANKS CLIMATE FINANCE

JOINT REPORT ON MULTILATERAL DEVELOPMENT BANKS CLIMATE FINANCE 214 JOINT REPORT ON MULTILATERAL DEVELOPMENT BANKS CLIMATE FINANCE SECTION 1. MDB CLIMATE FINANCE, 214 Part A: Total MDB Climate, 214 Total climate finance provided by the MDBs in 214 in developing and

More information

February 2012 REDD+ FINANCING GAP

February 2012 REDD+ FINANCING GAP February 2012 Submission to the UNFCCC-LCA on behalf of the Amazon Environmental Research Institute, Conservation International, Environmental Defense Fund, Natural Resources Defense Council, Rainforest

More information

Decision 3/CP.17. Launching the Green Climate Fund

Decision 3/CP.17. Launching the Green Climate Fund Decision 3/CP.17 Launching the Green Climate Fund The Conference of the Parties, Recalling decision 1/CP.16, 1. Welcomes the report of the Transitional Committee (FCCC/CP/2011/6 and Add.1), taking note

More information

Norwegian Submission on Strategies and Approaches for Scaling up Climate Finance

Norwegian Submission on Strategies and Approaches for Scaling up Climate Finance Norwegian Submission on Strategies and Approaches for Scaling up Climate Finance 29 November 2018 1. Introduction Decision 3. CP/19 requested developed country Parties to update their strategies and approaches

More information

SUBMISSION BY IRELAND AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES

SUBMISSION BY IRELAND AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES SUBMISSION BY IRELAND AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES This submission is supported by Albania, Croatia, Bosnia and Herzegovina, Iceland, the Former Yugoslav

More information

Mitigation Actions and Measurement, Reporting and Verification in a Post-2012 Climate Agreement

Mitigation Actions and Measurement, Reporting and Verification in a Post-2012 Climate Agreement Mitigation Actions and Measurement, Reporting and Verification in a Post-2012 Climate Agreement Elliot Diringer Vice President, International Strategies Pew Center on Global Climate Change at UNFCCC Media

More information

UPDATE ON FINANCING CLIMATE MITIGATION IN DEVELOPING COUNTRIES AND THE ROLE OF THE WORLD BANK CARBON FINANCE UNIT

UPDATE ON FINANCING CLIMATE MITIGATION IN DEVELOPING COUNTRIES AND THE ROLE OF THE WORLD BANK CARBON FINANCE UNIT UPDATE ON FINANCING CLIMATE MITIGATION IN DEVELOPING COUNTRIES AND THE ROLE OF THE WORLD BANK CARBON FINANCE UNIT INTERNATIONAL MARITIME ORGANIZATION MARCH 30, 2011 SCOTT CANTOR CARBON FINANCE UNIT THE

More information

Table of Contents. BioCF ISFL 2015 Annual Report

Table of Contents. BioCF ISFL 2015 Annual Report 2015 Annual Report Table of Contents Acronyms... 3 Introduction to the Report... 4 Initiative Objectives... 4 Annual Progress Report and the Year Ahead... 6 Initiative-level... 6 ISFL Notes and Approaches...

More information

Adaptation for developing countries in a post-2012 UN Climate Regime

Adaptation for developing countries in a post-2012 UN Climate Regime November 2009 WWF Global Climate Policy Position Paper Sandeep Chamling Rai WWF International Adaptation Policy Coordinator Mobile : +65 9829 1890 scrai@wwf.sg Adaptation for developing countries in a

More information

MRV of climate finance

MRV of climate finance MRV of climate finance Current status, relevant OECD work, potential ways forward Standing Committee on Finance (SCF) workshop on Measurement, Reporting and Verification (MRV) of climate finance support

More information

International Policies and Cooperation to Advance an Inclusive Green Economy

International Policies and Cooperation to Advance an Inclusive Green Economy Section 4 International Policies and Cooperation to Advance an Inclusive Green Economy 6 Learning Unit International Funding Sources for Green Economy The Green Economy transition requires the mobilizations

More information

Durban Debrief: New Start or More of the Same?

Durban Debrief: New Start or More of the Same? Durban Debrief: New Start or More of the Same? Global Governance Programme Seminar 23 January 2012, Firenze Barbara K. Buchner Director, CPI Venice BEIJING BERLIN RIO DE JANEIRO SAN FRANCISCO VENICE +39

More information

This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents

This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents 2009D0406 EN 01.07.2013 001.001 1 This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents B DECISION No 406/2009/EC OF THE EUROPEAN PARLIAMENT

More information

GOVERNANCE FRAMEWORK FOR THE CLEAN TECHNOLOGY FUND

GOVERNANCE FRAMEWORK FOR THE CLEAN TECHNOLOGY FUND June 2014 GOVERNANCE FRAMEWORK FOR THE CLEAN TECHNOLOGY FUND Adopted November 2008 and amended June 2014 Table of Contents A. Introduction B. Purpose and Objectives C. Types of Investment D. Financing

More information

DECISIONS ADOPTED JOINTLY BY THE EUROPEAN PARLIAMENT AND THE COUNCIL

DECISIONS ADOPTED JOINTLY BY THE EUROPEAN PARLIAMENT AND THE COUNCIL L 140/136 EN Official Journal of the European Union 5.6.2009 DECISIONS ADOPTED JOINTLY BY THE EUROPEAN PARLIAMENT AND THE COUNCIL DECISION No 406/2009/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of

More information

Righting two wrongs. Making a new Global Climate Fund work for poor people. Oxfam Briefing Note October 2010

Righting two wrongs. Making a new Global Climate Fund work for poor people. Oxfam Briefing Note October 2010 Oxfam Briefing Note October 2010 Righting two wrongs Making a new Global Climate Fund work for poor people Members of Cyembogo II's Women's Association cultivating the field of one of its members in the

More information

DRAFT. Chair s Proposed Draft Text on the Outcome of the Work of the Ad Hoc Working Group on Long Term Cooperative Action under the Convention

DRAFT. Chair s Proposed Draft Text on the Outcome of the Work of the Ad Hoc Working Group on Long Term Cooperative Action under the Convention Chair s Proposed Draft Text on the Outcome of the Work of the Ad Hoc Working Group on Long Term Cooperative Action under the Convention Version 11/12/09 08:30 am In this draft text, the outcome of the

More information

Gender and Adaptation Finance: Double Mainstreaming for Sustainable Development

Gender and Adaptation Finance: Double Mainstreaming for Sustainable Development Gender and Adaptation Finance: Double Mainstreaming for Sustainable Development Climate Adaptation Challenges from a Gender Perspective CSO Messages for Rio+20 Joint Parallel Event, Heinrich Böll Foundation

More information

Financing the Transition to Low Emission and Climate Resilient Development

Financing the Transition to Low Emission and Climate Resilient Development Financing the Transition to Low Emission and Climate Resilient Development Yusuke Taishi Regional Technical Specialist - Adaptation Energy and Environment UNDP Asia-Pacific Regional Center 26 October 2011

More information

Modalities and procedures for the new market-based mechanism

Modalities and procedures for the new market-based mechanism Environmental Integrity Group (EIG) 09.09.2013 Liechtenstein, Mexico, Monaco, Republic of Korea, Switzerland Modalities and procedures for the new market-based mechanism SBSTA 39 The Environmental Integrity

More information

Global ODA Trends. Topics

Global ODA Trends. Topics Global ODA Trends In "Transforming our world: the 2030 agenda for sustainable development," adopted by the UN General Assembly in September 2015, "ODA providers reaffirm their respective commitments, including

More information

How to enhance coherence and coordination in public and private sources of forest finance? M. J. Sanz, FAO

How to enhance coherence and coordination in public and private sources of forest finance? M. J. Sanz, FAO How to enhance coherence and coordination in public and private sources of forest finance? M. J. Sanz, FAO Where we stand? Questions? How to match developing countries financial needs to achieve sustainable

More information

Major Economies Business Forum: Examining the Effectiveness of Carbon Pricing as an Approach to Emissions Mitigation

Major Economies Business Forum: Examining the Effectiveness of Carbon Pricing as an Approach to Emissions Mitigation Major Economies Business Forum: Examining the Effectiveness of Carbon Pricing as an Approach to Emissions Mitigation KEY MESSAGES Carbon pricing has received a great deal of publicity recently, notably

More information

Climate Finance: Issues and Opportunities. Presented by Jon Sohn February 2010 Airlie House, Virginia

Climate Finance: Issues and Opportunities. Presented by Jon Sohn February 2010 Airlie House, Virginia Climate Finance: Issues and Opportunities Presented by Jon Sohn February 2010 Airlie House, Virginia 1 Framing Questions What level of funding is necessary to address climate mitigation and adaptation

More information

Operational Manual GUYANA REDD-Plus INVESTMENT FUND (GRIF)

Operational Manual GUYANA REDD-Plus INVESTMENT FUND (GRIF) Operational Manual GUYANA REDD-Plus INVESTMENT FUND (GRIF) This Operations Manual is not a legal document. It describes the operating principles, guidelines and procedures for the day-to-day operations

More information

Climate Action Martin Kaspar Policy Officer Climate Development Finance DG CLIMA European Commission

Climate Action Martin Kaspar Policy Officer Climate Development Finance DG CLIMA European Commission Clima South seminar on Climate Finance Barcelona, 9.3.2016 Climate Action Martin Kaspar Policy Officer Climate Development Finance DG CLIMA European Commission Elina Bardram, DG Climate Action elina.bardram@ec.europa.eu

More information

Commonwealth High-Level Meeting on Climate Finance

Commonwealth High-Level Meeting on Climate Finance Commonwealth Secretariat Commonwealth High-Level Meeting on Climate Finance Wiston House, West Sussex, UK, 23 25 January 2011 Frameworks and Capacities for Using Climate Finance: Considerations for the

More information

DEVELOPMENT AID AT A GLANCE

DEVELOPMENT AID AT A GLANCE DEVELOPMENT AID AT A GLANCE STATISTICS BY REGION 5. EUROPE 6 edition 5.. ODA TO EUROPE - SUMMARY 5... Top ODA receipts by recipient USD million, net disbursements in 5... Trends in ODA Turkey % Ukraine

More information

Emissions Accounting for Post commitments. MJ Mace St Lucia September 18-19, 2013 OECD Climate Change Expert Group, Paris

Emissions Accounting for Post commitments. MJ Mace St Lucia September 18-19, 2013 OECD Climate Change Expert Group, Paris Emissions Accounting for Post- 2020 commitments MJ Mace St Lucia September 18-19, 2013 OECD Climate Change Expert Group, Paris 1. Implications of different types of commitments? Common accounting system

More information

Global Climate Change Alliance: Informing the International Climate Debate

Global Climate Change Alliance: Informing the International Climate Debate Global Climate Change Alliance: Informing the International Climate Debate Making climate finance effective: strengthening national public financial management and budgetary systems Neil Bird Research

More information

ICCTF Indonesian Climate Change Trust Funds

ICCTF Indonesian Climate Change Trust Funds ICCTF Indonesian Climate Change Trust Funds Vrilly Rondonuwu Assistant for Assistant Minister of Environment for Global Environmental Affairs and International Cooperation Ministry of Environment Republic

More information

KEY SECTOR ANALYSIS / NATIONAL ISSUES PAPERS GUIDELINE

KEY SECTOR ANALYSIS / NATIONAL ISSUES PAPERS GUIDELINE KEY SECTOR ANALYSIS / NATIONAL ISSUES PAPERS GUIDELINE UNDP has launched a capacity development project that will assist developing countries to assess and develop policy options for addressing climate

More information

Roadmap to US$100 Billion

Roadmap to US$100 Billion Roadmap to US$100 Billion Executive Summary The Paris Agreement was a historic demonstration of all countries collective commitment to address climate change. As part of the Paris outcome, developed countries

More information

The Global Landscape of Climate Finance: What Role for Multilaterals, Bilaterals and National Development Banks?

The Global Landscape of Climate Finance: What Role for Multilaterals, Bilaterals and National Development Banks? The Global Landscape of Climate Finance: What Role for Multilaterals, Bilaterals and National Development Banks? Asian Development Bank Sixth Annual Donor Consultation Meeting 18 March2013 Manila Jane

More information

Strategies and approaches for long-term climate finance

Strategies and approaches for long-term climate finance Strategies and approaches for long-term climate finance Canada is pleased to respond to the invitation contained in decision 3/CP.19, paragraph 10, to prepare biennial submissions on strategies and approaches

More information

Session 12: International Standards and Best Practices for Aid Flows, Revenue Transfers, and NRM

Session 12: International Standards and Best Practices for Aid Flows, Revenue Transfers, and NRM Session 12: International Standards and Best Practices for Aid Flows, Revenue Transfers, and NRM Workshop on Corruption Risks and Anti- Corruption Strategies in Climate Aid Financing Manila, Philippines

More information

Summary of Developed Country Fast-Start Climate Finance Pledges

Summary of Developed Country Fast-Start Climate Finance Pledges Summary of Developed Country Fast-Start Climate Finance Pledges Party European Commission Pledged (2010-2012) (mn US $) (mn in original currency) Requested/Committed 1 (mn US $) 2010 2011 2012 215 150

More information

German Fast Start: Lessons Learned for Long- Term Finance

German Fast Start: Lessons Learned for Long- Term Finance German Fast Start: Lessons Learned for Long- Term Finance Marion Vieweg 1, Anja Esch 3, Linde Grießhaber 3, Frances Fuller 1, Florian Mersmann 2, Felix Fallasch 1, Laetitia De Marez 1 Climate Analytics,

More information

TOWARDS THE FULL OPERATIONALIZATION OF THE GREEN CLIMATE FUND

TOWARDS THE FULL OPERATIONALIZATION OF THE GREEN CLIMATE FUND TOWARDS THE FULL OPERATIONALIZATION OF THE GREEN CLIMATE FUND Informal meeting of prospective GCF Board members and other interested parties New York City 22-23 March 2012 MEETING SUMMARY I. Purpose and

More information

The Landscape of Climate Finance

The Landscape of Climate Finance The Landscape of Climate Finance Barbara K. Buchner Director, CPI Venice 16 October 2011 What is climate finance? Definition Climate finance is all financial flows from developed to developing countries

More information

Foreword. List of content: Acknowledgements

Foreword. List of content: Acknowledgements How to count to 100 Why an agreement about accounting and reporting of climate finance will have implications for the possibility to scale up the climate ambition 1 Foreword When an annual support of 100

More information

DRAFT. The Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement

DRAFT. The Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement This document has been prepared by the co-facilitators of the SBSTA agenda item 13 under their own responsibility as mandated by Parties. The draft text integrates the CRP by G77 and China and the submission

More information

Low-carbon Development and Carbon Finance at the IDB Maria Netto Sustainable Energy and Climate Change Unit (ECC)

Low-carbon Development and Carbon Finance at the IDB Maria Netto Sustainable Energy and Climate Change Unit (ECC) Low-carbon Development and Carbon Finance at the IDB Maria Netto Sustainable Energy and Climate Change Unit (ECC) 11th Annual Workshop on Greenhouse Gas Emission Trading Oct 3 rd, 2011 Context for IDB

More information

Financing Climate Change Resilient Urban Infrastructure

Financing Climate Change Resilient Urban Infrastructure From Planning to Investment Defining Bankable projects Financing Climate Change Resilient Urban Infrastructure Paul Schuttenbelt South Asia Coordinator, Cities Development Initiative for Asia (CDIA), January

More information

CARBON PRICING PRINCIPLES. Prepared by the ICC Commission on Environment and Energy

CARBON PRICING PRINCIPLES. Prepared by the ICC Commission on Environment and Energy CARBON PRICING PRINCIPLES Prepared by the ICC Commission on Environment and Energy Document No. 213/121 ABH October 2016 Carbon Pricing Principles 1 The Paris Agreement accommodates and encourages a broad

More information

Submission to the UNFCCC on FVA and NMM

Submission to the UNFCCC on FVA and NMM Submission to the UNFCCC on FVA and NMM This submission draws on discussions that took place in the Carbon Market Forum (CMF) at CEPS. The CMF provides a neutral space where policy-makers and regulators

More information

COUNTING WHAT COUNTS. Analysis of Norwegian Climate Finance and International Climate Finance Reporting

COUNTING WHAT COUNTS. Analysis of Norwegian Climate Finance and International Climate Finance Reporting COUNTING WHAT COUNTS Analysis of Norwegian Climate Finance and International Climate Finance Reporting Study for Norwegian Church Aid, Rainforest Foundation Norway, WWF Norway and the Norwegian Forum for

More information

Green Climate Fund & Role of National Designated Authority (NDA)

Green Climate Fund & Role of National Designated Authority (NDA) Government of Nepal Ministry of Finance International Economic Cooperation and Coordination Division Green Climate Fund & Role of National Designated Authority (NDA) 29 March 2017 Lal Bahadur Khatri Under

More information

WORK OF THE CONTACT GROUP ON ITEM 3 Section D

WORK OF THE CONTACT GROUP ON ITEM 3 Section D AD HOC WORKING GROUP ON THE DURBAN PLATFORM FOR ENHANCED ACTION (ADP) Second session, part eight 8 13 February 2015 Geneva, Switzerland WORK OF THE CONTACT GROUP ON ITEM 3 Section D 9 February 2015@13.00h

More information

Second Workshop on Long-term Finance, Session II: Enhancing enabling conditions: Policies and instruments

Second Workshop on Long-term Finance, Session II: Enhancing enabling conditions: Policies and instruments Second Workshop on Long-term Finance, Session II: Enhancing enabling conditions: Policies and instruments 2 nd October 2012 Amal-Lee Amin E3G Third Generation Environmentalism Contents Barriers to mobilising,

More information

Development Perspectives for a Post-2012 Climate Financing Architecture

Development Perspectives for a Post-2012 Climate Financing Architecture Development Perspectives for a Post-2012 Climate Financing Architecture ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT 1 Acknowledgement This paper was commissioned by the OECD Development Assistance

More information

Implementation of (I) Nationally Determined Contribution (NDC) & Post Enhanced Transparency Framework

Implementation of (I) Nationally Determined Contribution (NDC) & Post Enhanced Transparency Framework The 25 th Asia-Pacific Seminar on Climate Change Implementation of (I) Nationally Determined Contribution (NDC) & Post- 2020 Enhanced Transparency Framework Alfred Rungol Manager MRV 20 th - 21 st June,

More information

Workstream II: Govenance and Institutional Arrangements Workstream III: Operational Modalities Revised background note: Direct Access

Workstream II: Govenance and Institutional Arrangements Workstream III: Operational Modalities Revised background note: Direct Access Second meeting TC-2/WSII/4 Workstream II: Govenance and Institutional Arrangements Workstream III: Operational Modalities Revised background note: Direct Access I. Introduction A. Background 1. At the

More information

Briefing note about EU Climate Finance

Briefing note about EU Climate Finance Briefing note about EU Climate Finance 11 December 2017 Jonas Appelt and Hans Peter Dejgaard INKA Consult List of content: Overall Findings and Conclusions:... 1 1. Introduction... 2 2. Climate Finance

More information

Negotiating the. Indrajit Bose

Negotiating the. Indrajit Bose Negotiating the Indrajit Bose Milestones In this presentation Elements of Paris Agreement Sample the negotiations text Potential areas of conflict Legal Form 2015 Paris?? 1992 UNFCCC 1997 Kyoto Protocol

More information

Key Messages. Climate negotiations can transform global and national financial landscapes. Climate, finance and development are closely linked

Key Messages. Climate negotiations can transform global and national financial landscapes. Climate, finance and development are closely linked How Will the World Finance Climate Change Action Key Messages Climate negotiations can transform global and national financial landscapes Copenhagen is as much about finance and development as about climate.

More information

Financing Climate Change Adaptation and Mitigation in Africa: Key Issues and Options for Policy-Makers and Negotiators.

Financing Climate Change Adaptation and Mitigation in Africa: Key Issues and Options for Policy-Makers and Negotiators. Financing Climate Change Adaptation and Mitigation in Africa: Key Issues and Options for Policy-Makers and Negotiators Policy Brief Paper prepared for: The Third Financing for Development Conference on

More information

Options for the Paris agreement under the Durban Platform process: Results of a o n l i n e q u e s t i o n n a i r e s u r v e y

Options for the Paris agreement under the Durban Platform process: Results of a o n l i n e q u e s t i o n n a i r e s u r v e y Options for the Paris agreement under the Durban Platform process: Results of a 2 0 15 o n l i n e q u e s t i o n n a i r e s u r v e y April 2015 Yasuko Kameyama Yukari Takamura Hidenori Niizawa Kentaro

More information

Climate Finance: Sources of Funding and Instruments

Climate Finance: Sources of Funding and Instruments Climate Finance: Sources of Funding and Instruments Inter-American Development Bank Infrastructure and Environment Sector Climate Change and Sustainability Division Where are we right now? http://www.climatefundsupdate.org/

More information

Working Document. [Section E - Adaptation and loss and damage] Version of 4 September 2015 at 19:00 1

Working Document. [Section E - Adaptation and loss and damage] Version of 4 September 2015 at 19:00 1 AD HOC WORKING GROUP ON THE DURBAN PLATFORM FOR ENHANCED ACTION Second session, part ten 31 August 4 September 2015 Bonn, Germany Working Document [Section E - Adaptation and loss and damage] Version of

More information

ASIL Insight February 12, 2010 Volume 14, Issue 3 Print Version. The Copenhagen Climate Change Accord. By Daniel Bodansky.

ASIL Insight February 12, 2010 Volume 14, Issue 3 Print Version. The Copenhagen Climate Change Accord. By Daniel Bodansky. ASIL Insight February 12, 2010 Volume 14, Issue 3 Print Version The Copenhagen Climate Change Accord By Daniel Bodansky Introduction Since the Kyoto Protocol's entry into force in 2005, attention has focused

More information

EAST AFRICAN COMMUNITY. CHALLENGES AND OPPORTUNITIES OF CLIMATE CHANGE: Post COP19 Perspective of East African Civil Society Organizations

EAST AFRICAN COMMUNITY. CHALLENGES AND OPPORTUNITIES OF CLIMATE CHANGE: Post COP19 Perspective of East African Civil Society Organizations EAST AFRICAN COMMUNITY CHALLENGES AND OPPORTUNITIES OF CLIMATE CHANGE: Post COP19 Perspective of East African Civil Society Organizations EAC Climate Change Policy Framework 5 th December 2013 Arusha,

More information