Role of 2015 agreement in mobilising climate finance

1. Climate Change Expert Group
www.oecd.org/env/cc/ccxg.htm
CCXG Global Forum
17 September 2014
Co-facilitated by
Gilberto Arias and Anton Hilber
Breakout Group 1
Role of 2015 agreement in mobilising climate finance

2. 2
Climate Change Expert Group
General
MOI and enabling environments are needed, in all countries, to promote low-carbon and climate-resilient development
Key roles for public and private sector actors
Smart use of ODA incl. to mobilise private action
Massive scale up of green investment is required, far beyond the 100bn USD/y level in N-S flows
Agreement on climate finance (pre-/post-2020) is fundamental for a successful 2015 agreement
Improved MRV of climate finance for all countries

3. 3
Climate Change Expert Group
Role of 2015 agreement in mobilising climate finance at scale
Provide long-term, high-level, global, political signal for enhanced national + international climate action
Incentives for climate finance with flexibility on design and use of financial instruments
Strong signal on carbon pricing and international standards/rules for env. integrity and accounting
Focus on effectiveness and efficiency of Climate Fin
Build on best practice and provide incentives
Short term actions to reinforce long-term direction

4. 4
Climate Change Expert Group
Open questions
What level of detail to put in the agreement?
oInstruments, sources, principles
oWhich elements should be in the agreement, decisions at COP21 vs. beyond
How to take into account dynamic nature of climate finance landscape?
Importance of long-term targets based on 2°C
Framing the greening of development pathways
MRV of integrated elements (e.g. cap. building)