partnership-for-climate-finance-and-development

 

 

 

Summary of the focused session on Climate finance and development: challenges, priorities and ways forward in the post-2015 era.

 


Ministerial level panelists confirmed at HLM in Mexico the importance to work together across the climate and development communities for effective climate change finance management and environmental sustainability needs to be at the core of the post-2015 development agenda. The focus session was jointly organised by the Partnership for Climate Finance and Development at the High Level Meeting of the Global Partnership on Effective Development Cooperation in Mexico on 15 April 2014.
What is the partnership for Climate Change Finance and Development?

The Partnership is an open, multi-stakeholder coalition of over 30 governments, international and civil society organisations. It fosters country-level actions by promoting good practice and knowledge sharing on mainstreaming climate finance into development planning and more effective ways to use climate finance.

Activities implemented under the Partnership are helping to advance and bring more alignment between various development agendas, including managing global climate change, promoting sustainable development, and accelerating more effective development financing flows.
 

What are our goals and aims?
The Partnership aims to foster more coherence and collaboration between the climate change and development communities. Its goal is to advance climate and development policy advocacy, knowledge sharing and the matching of expertise and solutions to country needs. Its activities ultimately aim to enhance partners’ capacities to:
  • Mobilise additional climate finance (domestic and international, public and private); 

  • Manage climate finance more effectively, efficiently, and transparently; and

  • arget and prioritise climate finance delivery towards the most vulnerable countries.


Our Values
The Partnership and its actions are based on like-minded values, including the following:

COMMITTED TO MORE EFFECTIVE DEVELOPMENT CO-OPERATION. The Partnership builds upon the principles enshrined in the Paris Declaration (2005), the Accra Agenda for Action (2008), and the Busan Outcome Document (2011), and which paved the way for the Global Partnership for Effective Development Co-operation.


GLOBAL REACH, BUT COUNTRY-FOCUSED ACTION. While Partnership activities are embedded in global policy dialogues and processes, its main focus is in-country action.

BUILD ON WHAT EXISTS. Partnership actions build on existing, relevant initiatives and regional platforms that respond to the country needs, looking for synergies across stakeholders and avoiding duplication of work. In addition, the Partnership can mobilise its members to support new initiatives, mechanisms, actors and institutions to expand and spread this network.

OPEN, VOLUNTARY AND INCLUSIVE. As a completely voluntary initiative, the Partnership is open to any stakeholder aligned with its values and willing to promote its aims. There are no legally binding obligations between or among supporters.

COLLABORATIVE. The Partnership leverages the experience and expertise of its members in a collaborative way. New ideas and opportunities emerging from global, regional and country discussions will achieve greater effectiveness and add value to country-level action. For example, the Partnership recently supported the 3rd Regional Dialogue on Climate Finance in Latin America and the Caribbean (Mendoza, Argentina, November 2014).
Why do we do it?
Addressing climate change is key to achieving the Sustainable Development Goals. Total bilateral and multilateral climate-related external development finance to developing countries reached USD 39.7 billion in 2013 (as recorded in OECD DAC statistics).

Given this scale, the aims of the Partnership are imperative. Climate-related development finance needs to complement and leverage other sources and channels of finance for sustainable development, including domestic resources, budget expenditures and fiscal incentives for climate-friendly private investment.
Our history and governance
Recognising the importance of climate change impacts to the achievement of effective development outcomes, the Partnership was launched in Busan in 2011. It is the only Voluntary Initiative pertaining to climate finance under the GPEDC framework. Since its launch, the Partnership helps showcase collaborative and coherent approaches to effective development co-operation and climate finance.

The Partnership has convened a number of unique South-South-North dialogues, for example:
  • COP21 Side-event on Delivering Effective Climate and Sustainable Development Finance Solutions, Paris, December 2015;
  • Regional Forum on Climate Change Finance and Sustainable Development, Jakarta, September 2015;
  • Session on African challenges to Access, Manage and Use Climate Finance, Addis Ababa, August 2014;
  • Focus Session on Climate Finance and Development for the post-2015 Era, Mexico City, April 2014
  • Global Forum on Using Country Systems to Manage Climate Change Finance, Incheon, December 2013.
The Partnership is co-ordinated by the OECD and the UNDP. However, steering duties for the Partnership are shared among supporters.
How do I join?
Potential supporters can determine the nature and scope of their participation in the Partnership and are encouraged to contact the co-ordinators for more information. Possible activities include:
  • Identifying lessons learnt and disseminating progress on the Partnership in relevant policy communities
  • Sharing in-country experiences in mapping exercises
  • Contributing to regional knowledge exchange by sharing in-country experiences
  • Monitoring the quality of international climate finance
  • Supporting regional platforms by enabling and engaging with these
  • Supporting country-level efforts to develop mechanisms to effectively access, manage and deliver climate finance
  • Developing country-level technical capacities to identify, track and assess climate finance
For further information visit: www.climatefinance-developmenteffectiveness.org or www.oecd.org/dac/environment-development/climate-partnership.htm
Contacts: UNDP: stephen.gold@undp.org ; OECD: jan.corfee-morlot@oecd.org

Who are in the Partnership?
As of March 2014, 30 countries and institutions are supporting this Partnership.


Summary of the 2013 Global Forum
 
CPEIR country reports