From 13h00 to 14h15, at Espace Génération Climat
Le Bourget - Salle 1
Session Financing Mitigation: how to get to an equitable global financing regime?
The financing issue has become central to the success of a climate agreement at COP21 and after. 100 billions of annual transfers have been pledged by developed countries in Copenhagen in 2009 until 2020. An OECD - CPI report has recently made an evaluation of the state of climate finance in that respect, which will be presented and discussed in this session. But a significant low carbon transition at global scale would involve much bigger financial flows towards developing economies which have the best potential for decarbonization. On the one hand, developing countries have made clear that credible north-south transfers are a crucial element to gain their engagement in mitigation activities. On the other hand, developed countries’ constrained public budgets lead to develop innovative financing schemes which maximize the leverage on private finance. It is therefore important to build new coalition of actors, or “clubs” of actors, which could address the financing issue in the short run, while avoiding these immediate political constraints. This session will thus address strategies to get an equitable financing regime for mitigation activities in the UNFCCC framework.
The session will be moderated by Professor Carlo Carraro (FEEM Scientific Director and Co-Chair of IPCC WG III), and will see your participation as speakers in the following order:
- Niale Kaba (Economics and Finance Minister, Côte d’Ivoire)
- Barbara Büchner (Climate Policy Initiative, Senior Director, Europe)
- Seyni Nafo (Speaker for Africa group at COP21, Mali, tbc.)
- Etienne Espagne (CEPII, France)
