{"id":59955,"date":"2022-11-10T11:51:32","date_gmt":"2022-11-10T10:51:32","guid":{"rendered":"https:\/\/staging.i4ce.org\/?p=59955"},"modified":"2023-07-20T11:40:33","modified_gmt":"2023-07-20T09:40:33","slug":"cop27-importance-national-financing-strategies-transition-climate","status":"publish","type":"post","link":"https:\/\/staging.i4ce.org\/en\/cop27-importance-national-financing-strategies-transition-climate\/","title":{"rendered":"COP27: the importance of national financing strategies for the transition"},"content":{"rendered":"

This year again, expectations for the COP are high regarding developed countries\u2019 commitments towards the funding of action against climate change and its impacts. The question of loss and damage, which pertains to questions of climate justice and of who should pay for the significant impacts of climate change endured by the poorest countries, has just been added to the official COP agenda. And climate finance will again be a hot topic: the pledge made back in 2009 by rich nations to channel US$100bn every year by 2020 to help less wealthy nations mitigate the rise in temperatures and adapt to climate change is still falling short of targets.<\/strong><\/p>\n

 <\/p>\n

Let\u2019s hope that we will soon see a substantial increase in the finance flows from rich and high-emitting countries to poorer ones. As these flows increase and as countries develop their national long-term decarbonization strategies, the question becomes of how to make the best use of international funds, national budgets and private sector funding for countries to deliver on climate and development targets.\u00a0An essential first step is the development of financing strategies for the transition by Finance Ministries: these are critical to ensure that climate investments are unlocked by adequate policies, that enough government spending is safeguarded to support effective climate action and that the macroeconomic implications of the transition are anticipated and managed.
\n\u00a0
\nMuch of the research undertaken at I4<\/span>CE<\/strong> these past few years contributes to informing the question of how to finance the transition, and of the specific role of public finance. Climate finance landscapes help identify investment needs, while the development of green budgeting methodologies supports the consistency of governments\u2019 budgets with climate targets. We are now completing this toolbox with the launch of a dashboard for Finance Ministers to support the implementation of long-term strategies<\/a>. This dashboard template was developed in partnership with the 2050 Pathways Platform and contains economic indicators to assess, act on, and monitor the economic implications and opportunities ensuing from long-term strategies.<\/p>\n

 <\/p>\n

From tomorrow and next week, we will hold a series of side-events at Sharm-el-Sheikh on the topic of how to finance the transition. Please do not hesitate to join these discussions either in person or remotely – these side-events will be broadcasted online \u2013 and listen to experts from I4<\/span>CE<\/strong>,\u00a0government representatives, Finance Ministers, international organizations and civil society organizations.<\/p>\n

 <\/p>\n

Financing the transition towards low-carbon and climate-resilient economies in developping countries<\/h2>\n

Date:<\/strong> 14 November 2022, 13:15-14:15 (Egypt time)<\/p>\n

Location:<\/strong> UNFCCC pavilion & online<\/p>\n

Organisers:<\/strong> I4<\/span>CE<\/strong><\/p>\n

Moderated by Beno\u00eet Leguet from I4<\/span>CE<\/strong> and with a keynote speech by Laurence Tubiana from ECF.<\/p>\n

More informations.<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

Engaging key stakeholders in the implementation of long-term strategies\u00a0<\/h2>\n

Date:<\/strong> 17 November 2022, 14:30-17:30 (Egypt time)<\/p>\n

Location:<\/strong> IDFC pavilion & online<\/p>\n

Organisers:<\/strong> I4<\/span>CE<\/strong>, Iddri, ADEME<\/p>\n

With the participation of Louise Kessler and Chlo\u00e9 Boutron from I4<\/span>CE<\/strong> on\u00a0engaging finance Ministries in long-term strategy implementation at\u00a0country level.\u00a0<\/p>\n

More informations.<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

Planning for the transition<\/h2>\n

Date:<\/strong> 11 November 2022, 10:00-11:00 (Egypt time)<\/p>\n

Location:<\/strong> French pavilion & online<\/p>\n

Organisers:<\/strong> ADEME, I4<\/span>CE<\/strong>, Iddri<\/p>\n

With the participation of Louise Kessler from I4<\/span>CE<\/strong>.<\/p>\n

More informations.<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

Domestic climate finance mapping and planning: challenges and opportunities<\/h2>\n

Date:<\/strong> 17 November 2022, 11:00-12:00 (Egypt time)<\/p>\n

Location:<\/strong> NDC pavilion & online<\/p>\n

Organisers:<\/strong> CPI, UNDP and European Forest Institute<\/p>\n

With the participation of Louise Kessler on the extent to which I4<\/span>CE<\/strong>\u2019s climate landscape has informed and influenced the financing of the energy transition in France.<\/p>\n

More informations.<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

Including developing countries in the low-carbon agenda<\/h2>\n

Date:<\/strong> 11 November 2022, 17:30-18:30 (Egypt time)<\/p>\n

Location:<\/strong> IDFC pavilion & online<\/p>\n

Organisers:<\/strong> AFD<\/p>\n

With the participation of Joao Braga from I4<\/span>CE<\/strong>.<\/p>\n

More informations.<\/a><\/p>\n

 <\/p>\n

Read the newsletter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This year again, expectations for the COP are high regarding developed countries\u2019 commitments towards the funding of action against climate change and its impacts. The question of loss and damage, which pertains to questions of climate justice and of who should pay for the significant impacts of climate change endured by the poorest countries, has just been added to the official COP agenda. And climate finance will again be a hot topic: the pledge made back in 2009 by rich nations to channel US$100bn every year by 2020 to help less wealthy nations mitigate the rise in temperatures and adapt to climate change is still falling short of targets.<\/p>\n","protected":false},"author":9,"featured_media":59958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-59955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreword-of-the-week"],"acf":[],"yoast_head":"\nCOP27: the importance of national financing strategies for the transition - I4CE<\/title>\n<meta name=\"description\" content=\"This year again, expectations for the COP are high regarding developed countries\u2019 commitments towards the funding of action against climate change and its impacts. 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