ADFIAP participated in the “First Meeting of Experts on Long-term Finance” on invitation under the United Nations Framework Convention on Climate Change (UNFCCC) extended programme on long-term finance held on July 16-17, 2013 at the Dusit Thani Hotel, Makati City, Philippines.
The aim of the work programme is to inform developed country parties of efforts to identify pathways for mobilizing scaled-up climate finance to USD100 billion per year by 2020 from public, private and alternative sources in the context of meaningful mitigation actions and transparency on implementation as well as to inform parties in enhancing their enabling environments and policy frameworks to facilitate the mobilization and effective deployment of climate finance in developing countries.
The meeting was co-chaired by UNFCC Commissioner Naderev Sano of the Philippines and Mr. Mark Storey of Sweden. Forty (40) international and local experts deliberated on financing scenarios to fund climate change adaptation and mitigation measures in developing countries during the 2-day meeting.
Plenary Session I identified the building blocks of likely pathways for mobilizing scaled-up climate finance from multiple sources and discussed analytical and institutional dimensions of long-term planning for climate change, including international climate finance. Plenary Session II explored the types of enabling environment, policy frameworks and mechanisms that can attract financial flows from international and domestic sources of finance for low-carbon and climate-resilient project development in developing countries, considering past experiences and future use of international public finance mechanisms.
Plenary Session III presented case studies on national actions that enhance absorptive capacity in developing countries, factors that determine effectiveness of the climate finance for meaningful mitigation action and resilience to adaptation and transparency of climate finance information. Each plenary session was followed by break-out sessions that engaged participants in roundtable style discussions on the topic at hand. According to Commissioner Sano, the results of the meeting of experts will be used as inputs to the world leaders so they can make the crucial decisions on climate change financing and marshal the required political will to turn things around.
ADFIAP was represented in the meeting by ADFIAP Consulting Group Head, Ms. Corazon Conde who shared ADFIAP’s advocacy on climate finance and the initiatives of its members on green financing during the break-out sessions.