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AlertNet live blog
All that glitters: What next for climate finance?
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We've got some great experts lined up to answer your questions on #climatefinance tomorrow:
- Mohammed Nasr, Africa Group of Negotiators
- Niclas Svenningsen, United Nations Framework Convention on Climate Change (UNFCCC)
- Smita Nakhooda, Overseas Development Institute (ODI)
- Daisy Streatfeild, UK Department of Energy and Climate Change
- Tim Gore, Oxfam
To read their full biographies, and the kind of issues we're hoping to tackle, please visit our event page: http://www.trust.org/foundation-news/live-online-debate-all-that-glitters-whats-next-for-climate-finance/
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Billions in #climate finance washing around the world, yet so little for adaptation - why is this still the case? ow.ly #climatefinance
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Join @cdknetwork & @alertnetclimate online for a debate with experts on the state of #climatefinance 26 Feb, 1-2pmGMT http://bit.ly/15dW5kFby GreenAfricaDirectory via twitter 2/25/2013 9:56:28 AM -
What happened on climate finance at Doha? A quick re-cap:
A first three-year period of "fast-start" funding to help poor countries cope with climate change impacts and achieve green growth ended on Dec. 31, 2012.
Developing states had wanted richer nations to outline clearly at the Qatar talks how they would scale up their contributions towards an agreed goal of $100 billion a year in public and private finance by 2020.
The least developed countries had also demanded that donor governments set a firm target of providing $60 billion in climate finance in the next three years. They got far less.
The conference agreement, dubbed the "Doha Climate Gateway", merely urged more developed countries to announce climate finance pledges "when their financial circumstances permit".
In addition, it "encourages" rich nations "to further increase their efforts to provide resources of at least the average annual level of the fast-start finance period for 2013-2015" - or at least $10 billion per year. And it asks countries to set out in 2013 how they plan to reach the $100 billion goal.
Some European countries and the European Union promised around $6 billion in climate aid for 2013 in Doha. Both the United States and Japan refused to say how much they were prepared to put on the table from the end of 2012, with Washington stressing its 2013 budget has yet to be fixed.
Tim Gore, climate change policy advisor for Oxfam, said Doha had done nothing to guarantee that public climate finance will go up in 2013 rather than down. "Developing countries have come here in good faith and have been forced to accept vague words and no numbers," he said. "It's a betrayal." -
Good overview of key lessons learned from the fast-start finance period by Taryn Fransen of the World Resources Institute, Smita Nakhooda of the Overseas Development Institute, with inputs from Noriko Shimizu (IGES) and Sven Harmeling (Germanwatch):
Fast-Start Finance: where do we stand at the end of 2012?
http://insights.wri.org/open-climate-network/2012/12/fast-start-finance-where-do-we-stand-end-2012
"Developed countries self-report that they have delivered more than $33 billion in fast-start climate finance between 2010 and 2012, exceeding the pledges they made at COP 15 in Copenhagen in 2009. But how much of this finance is new and additional? Developing countries and other observers have raised questions about the nature of this support, as well as where and how it is spent. Independent scrutiny of country contributions can shed light on the extent to which fast-start finance (FSF) has truly served as a mechanism to scale-up climate finance." -
Ask experts from @DECCgovuk, @UN_ClimateTalks, @odi_development & @oxfam - 'What next for #climatefinance?
http://bit.ly/ZwArZMby cdknetwork via twitter 2/25/2013 11:13:43 AM -
Join me, @alertnetclimate and @cdknetwork at 13:00 GMT Tuesday for a live debate - What next for #climatefinance ? http://bit.ly/13hqm3Aby Jason Mollring via twitter 2/25/2013 11:45:36 AM -
Most of the countries in which climate funds are being spent face high levels of perceived public sector corruption, Transparency International points out: http://www.trust.org/alertnet/blogs/climate-conversations/making-climate-money-work/
How worried should we be about this? -
Some questions we'd like to explore in our online debate on #climatefinance tomorrow:
Was the Fast Start finance period as successful as the headline figures suggest?
Is climate finance achieving its goals to date?
Is it reaching the most climate-affected communities?
What new pledges are on the table now, and what are the prospects for gearing up financial flows to support low-carbon, climate-resilient development at large scale? -
#climatefinance experts from @UN_ClimateTalks @odi_development @DECCgovuk taking part in live online debate tomorrow http://ow.ly/i1z0Gby TR_Foundation via twitter 2/25/2013 3:34:18 PM -
NEW @worldresources doc on int'l #climate finance to scale up #lowcarbon #energy http://bit.ly/VIhdg3 #climatefinance #cleanenergyby ClimateCFO via twitter 2/25/2013 3:39:44 PM -
Interested in #climatefinance? Then join the
@cdknetwork/ @alertnetclimate Twitter chat 2 - 3 pm GMT on 26 Feb http://bit.ly/Wn5Oj6by UN_ClimateTalks via twitter 2/25/2013 9:18:07 PM -
Looking forward to our live debate at 1 pm London time on #climatefinance Come join @alertnetclimate and @cdknetwork http://bit.ly/XzoiA6by Alertnetclimate via twitter 2/26/2013 12:41:02 AM -
Looking forward to the live debate at 8am DC time on #climatefinance Come join @alertnetclimate and @cdknetwork http://bit.ly/XzoiA6"by EcoAgPartners via twitter 2/26/2013 3:24:31 AM -
#climatefinance chat today at 1- 2 pm GMT http://bit.ly/Wn5Oj6 @cdknetwork @alertnetclimateby UN_ClimateTalks via twitter 2/26/2013 8:53:43 AM
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“@UN_ClimateTalks: #climatefinance chat today at 1- 2 pm GMT http://bit.ly/Wn5Oj6 @cdknetwork @alertnetclimate”by Mau_Gubbiotti via twitter 2/26/2013 8:55:50 AM -
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Don't miss the live debate at 1 pm London time on #climatefinance Come join @alertnetclimate and @cdknetwork http://bit.ly/XzoiA6by thinink via twitter 2/26/2013 9:56:18 AM -
Interested in #climatefinance? Then join the @cdknetwork/ @alertnetclimate Twitter chat 1- 2 pm GMT on 26 Feb http://bit.ly/Wn5Oj6by UN_CarbonMechs via twitter 2/26/2013 10:15:47 AM -
#climatefinance how do you ensure SHFarmers buy to carbon trading if what they earn from farming is bigger PES payments they receive?by karugaj via twitter 2/26/2013 10:17:53 AM -
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India's 60% farmland is rainfed,impacted by erratic rainfall &urgently needs finance fr adaption.What can India expect from #ClimateFinanceby ManipadmaJena via twitter 2/26/2013 10:45:24 AM -
I am traveling. My concern is how do we ensure that millions of small holder farmers especially in Africa are able to participate in the financing mechanism that is being debated? When governments access climate financing how sure are we it will not be manipulated to other more 'pressing' matters?
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Interested in #climatefinance? Join us today on our live online debate at 1-2 p.m GMT http://ow.ly/i3lNkby TR_Foundation via twitter 2/26/2013 10:49:44 AM
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On what basis will the amount of money allotted to particular regions be decided? #ClimateFinanceby ManipadmaJena via twitter 2/26/2013 10:54:16 AM
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1pm GMT TODAY-Ask experts from @UN_ClimateTalks, @oxfam, @DECCgovuk @odi_development 'What next for #climatefinance? http://bit.ly/ZwArZMby cdknetwork via twitter 2/26/2013 11:19:54 AM
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While allocation for mitigation is increasing, allocation for adaptation (which is more relevant for developing countries) is increasing. In climate finance, will there be separate allocations for adaptation and mitigation? If so how much will be allotted for adaptation and how much for mitigation?
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Interested in #ClimateFinance? Join @alertnetclimate and @cdknetwork for a live debate with experts 1-2 pm GMT http://bit.ly/XzoiA6by ChelseaDiana_ via twitter 2/26/2013 11:30:35 AM -
Will we ever know if donor nations overall fulfilled Fast Start #climatefinance targets or just too hard to measure? http://bit.ly/YURmR3by mairidupar via twitter 2/26/2013 11:57:16 AM -
Some of the problems countries have encounter re: climate finance have been associated with the difficulties of navigating the proliferation of finance channels and entities; it seems that the lessons of aid effectiveness have not translated into this field. What changes do you anticipate with the advent of 'readiness' finance under the GCF? And related to this, are small nations' demands for 'direct access' realistic in the short-medium term?
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About 50% of estimated climate finance needs would need to be provided from the private sector. At the same time as the world is struggling to come to grips with how to meet the funding needs, the global carbon markets are crashing with rock-bottom prices for carbon credits, reflecting a too low mitigation ambition to drive carbon markets. -
Debate about #climatefinance starts 1PM w/ @tim_e_gore from @Oxfam. Tim, looking fwrd to some Twitter gold from u http://alertnetlive.trust.org/Event/All_that_glitters_What_next_for_climate_financeby richardcasson via twitter 2/26/2013 12:11:21 PM -
It took a high bar for Jamaica, Senegal to get direct access to Adaptation Fund #climatefinance See http://bit.ly/YxBm5t Lesson for GCF?by mairidupar via twitter 2/26/2013 12:12:48 PM
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One hour until our LIVE DEBATE on #climatefinance today at 1 pm London time: http://bit.ly/XzoiA6 Experts from Africa,donors, #Oxfam, #ODIby TR_Foundation via twitter 2/26/2013 12:12:53 PM
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Interesting policy brief here from CDKN, which outlines the challenges of climate finance for developing countries: http://cdkn.org/wp-content/uploads/2013/02/CDKN_ClimateFinance_PolicyBrief-FINAL.pdf
Among other things, it points to the lack of a comprehensive global climate finance approach and the need for more attention to climate change in budgeting processes. And there still isn't enough understanding of what will draw the private sector into investing more in climate-resilient development in lower-income nations, it adds. -
Climate finance is one of the greatest challenge of our time. Given the sluggishness of the so-called US$30 billion fast-start fund which ended in 2012 and unresolved questions of how much new, how much additional, who gets what, prompting that developing countries especially the least developed countries like Bangladesh who are least causing climate change but are the most affected--how much they received from the fast start and how much they are going access from post 2013 climate finance as decided in Doha! Urgent adaptation actions are essential for the LDCs and other developing countries. Adaptation finance should be ramped up to reduce adaptation deficit in the LDCs and other developing countries. Predictability, easy accessibility, public finance from developed countries, monitoring and evaluation of the support provided and received are the key challenges within adaptation and mitigation finance.
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