With little time left until COP30 in Belém, climate finance continues to underpin many UNFCCC negotiation tracks. With the Global Goal on Adaptation due to be agreed in Belém, discussions around the Baku to Belém Roadmap to 1.3T and the Sharm el-Sheikh Dialogue concluding this year, making progress on the quantity and quality finance will be critical for progressing the climate finance agenda of the coming years.
In addition to meeting their quantitative fair share of climate finance, countries must ensure the quality of the finance they provide: climate finance must be appropriate, adequate, additional and in support of greater gender equality. Too often, climate finance flows add to developing countries’ already unsustainable debt burdens, is skewed towards mitigation, or overlook the need for gender-responsive and inclusive approaches.
This event highlighted two new climate finance reports:
- ODI presented the latest in their series, ‘A Fair Share of Climate Finance?’ jointly produced with the Zurich Climate Resilience Alliance. The report assesses developed countries’ climate finance performance from both a quantitative and qualitative perspective.
- CARE presented their latest Climate Finance Shadow Report jointly produced with Oxfam, assessing progress towards the $100 billion commitment to inform climate finance under the NCQG
The session convened climate finance experts and practitioners to explore how to make progress on finance in the lead-up to and at COP30, with a particular focus on:
- Ensuring that the total quantity of international climate finance does not fall given the aid cuts announced by so many countries;
- Elevating adaptation finance through a renewed commitment to reach a balance with mitigation; and
- Ensuring that international climate finance is delivered with greater attention to quality – addressing concessionality, additionality, and gender equality
When and where?
Thursday 9th October, 15:00-16:00 CEST, online.
Speakers
- Sarah Colenbrander, Director, Climate and Sustainability programme, ODI’
- Dr Ben Abraham, Talanoa Institute
- Tara Daniel, WEDO
- John Nordbo, CARE
- Anna Beswick, Granthan Research Institute, London School of Economics
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