CLIMATE FINANCE: SUBHI SHAMA, UNESCAP INTRODUCTION AND OVERVIEW MANILA, DECEMBER 2017
What is Climate Why is Climate Finance? Finance Important? OUTLINE Entry Points for Climate Finance Climate Finance Success Stories
ELEMENTS OF SUSTAINABLE FINANCE
To establish a shared understanding of the current context of stakeholder engagement, No standard definition of climate finance and in particular How it is relating to the 2030 Agenda – SDG’S Policy makers, investors and analysts often have SCOPING different understandings of key climate finance To understand the critical stakeholder terms and concepts MISSIONS – KEY DEFINING CLIMATE FINANCE groups that are important for the VNR process first things first first things first AIMS Competing views exist on on what type of funding constitutes climate finance, how it should To understand the aspirations in completing be delivered and how much money is needed the VNR – what are they hoping to achieve by undertaking this process? Common understanding needed on terminology To provide an overview of the nature of to track climate finance, measure impact and support and tools that are available through effectiveness and scale-up interventions this project
WHAT IS CLIMATE FINANCE? • Financial resources paid to cover the costs of transitioning to a low-carbon global economy and to adapt to, or build GENERAL resilience against, current and future climate change impacts. (CPI) INTERNATIONAL • Financial assistance from Parties with more resources to those CLIMATE less endowed and more vulnerable, with respect to both CHANGE mitigation and adaptation in continuation of their existing obligations under the Convention. NEGOTIATIONS 2030 AGENDA • Paris Agreement, NDCs, SDGs
WHY IS IT IMPORTANT?
CLIMATE FINANCE ENTRY POINTS
CLIMATE FINANCE ENTRY POINTS
CLIMATE FINANCE ENTRY POINTS
CLIMATE FINANCE CASE STUDY: OJK NATIONAL ROADMAP FOR REGULATION ON ACTION PLAN ON PUBLIC FINANCE SUSTAINABLE SUSTAINABLE DISBURSEMENT GHG REDUCTION FINANCE (2014) FINANCE (2017) (RAN-GRK) developed by Financial OJK formulating regulation to introduced in 2011 in approximately USD 951m of support public/private climate Services Authority (OJK) of response to the government’s climate nance from public finance through Regulation the Indonesian Government commitment to reducing sources disbursed in 2011, but outlining end goal of and capacity building for emissions by 29% this fell below government sustainable nance in the provincial stakeholders estimates of annual nance through launching of Bali medium term (2015-2019) required by 2020 to meet Centre for Sustainable and long term (2015-2024) emission reduction targets Finance in July 2017
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