The need for increased climate finance has never been more acute and current financial efforts are insufficient to address the needs and priorities of developing countries.
The 60th sessions of the Subsidiary Bodies will take place from 3-13 June 2024 at the World Conference Center Bonn. In partnership with ODI, the Zurich Flood Resilience Alliance will host an event on making climate finance work for all.
Making climate finance work for all: how to agree an ambitious NCQG
Date: Tuesday 4th June, 16.15 – 17.30 CEST
Venue: Berlin room, World Conference Center Bonn, Germany
The existing climate finance governance is inequitable, fails to adequately serve the needs of developing countries and has thus far proven insufficient in advancing climate justice. Hence, the NCQG, with its focus on scaling up financial support beyond the existing $100 billion annual target, offers a chance to right the wrongs of the previous political compromise and significantly enhance funding for resilience-building efforts in developing countries.
Bringing together thought leaders and changemakers in international climate finance and policy, the event aims to inform key political issues at the forefront of NCQG negotiations including:
- The importance of a goal with a core of public grant-based financing, the need for a distinction between provided and mobilized finance, and a discussion around what the role of mobilised finance should be.
- The importance of equity and CBDR-RC principles in the new goal and how this will affect the contributor base.
Participants
- Thibyan Ibrahim, Coordinator on Climate Finance for AOSIS
- Debbie Hillier, head of the Zurich Flood Resilience Alliance for Mercy Corps
- Laetitia Pettinotti, Research Fellow, ODI
- Bertha Argueta, Senior Advisor for Climate Finance and Development, Germanwatch
- Hendrikje Reich, Senior Climate Finance Policy Advisor, Federal Foreign Office of Germany
Full details of the Bonn Climate Change Conference can be found here.
Comments