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.
Video message from Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) for the focused session on Climate finance and development: challenges, priorities and ways forward in the post-2015 era at the High Level Meeting of the Global Partnership on Effective Development Cooperation in Mexico on 15 April 2014.
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.
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.
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).
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.
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.
- 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
Contacts: UNDP: firstname.lastname@example.org ; OECD: email@example.com