15Jul2015 Roundtable on Financing Equitable & Effective Climate Action
In the lead-up to the negotiations at the 21st Conference of the Parties (COP21) in Paris in December 2015, the Observer Research Foundation (ORF) and the Fundação Getulio Vargas (FGV), under the umbrella of the Economic Policy Forum (EPF), are organizing a series of round table policy dialogues in Paris, Dehli and New York, aiming to provoke a discussion among the influential members of the climate policy communities in Asia, Africa, Latin America and Europe with the aim to build strategic alliances between countries to promote equitable and effective climate action.
The first round table in Paris sought to bring clarity into the specificities of the Paris Agreement around the sources, channels, allocation, and levels of climate finance in the post-2020 world. Climate change mitigation and adaptation are both expensive and require substantial public and private sector financing to be secured and allocated in an efficient and equitable manner. Several mechanisms like the Green Climate Fund and Adaptation Fund will have to be capitalized and leveraged efficiently. The governance of climate finance will require effective measurement, programming, reporting and monitoring systems, and the design of market mechanisms will demand collaboration and partnerships across nations and between the public and private sectors.
The round table served to formulate concrete policy ideas that can inform the existing global discourse, and subsequently feed concrete research outputs from the EPF research collaboration efforts into the COP21.