- Lead-organizer: Honduras
- 17:30 - 19:00
- Date: 18 Jun 2012
- Room: T-8
Launching the Building Block on Climate Change Financing
Organizing partnersGovernment of Honduras, UNDP, OECD
IntroductionThis event launches ?International Partnership for Climate Finance Effectiveness (tbc)?. This partnership is composed of 25 countries and institutions to promote knowledge and experience sharing on effective management of climate finance at the country level, drawing on lessons learnt from the management of development aid.
Detailed programme?International Partnership for Climate Finance Effectiveness (tbc)? promotes knowledge and experience sharing on effective management of climate finance at the country level, drawing on lessons learnt from the management of development aid.
Following the international commitment to provide USD 100 billion of new and additional climate finance per year, the scale of climate finance is expected to grow in the near future. It is imperative that the countries that will receive the finance arrange appropriate institutional mechanisms to access and use the finance effectively for their low-carbon and climate resilient development. The experience of development aid management provide important lessons also relevant to climate finance ? e.g. avoiding fund fragmentation, ensuring country ownership, and channelling the finance through national country systems.
In this context, at the 4th High-Level Forum on Aid Effectiveness that took place in Busan, December 2011, a range of countries signed up to a ?building block? initiative to enhance the effective management of climate finance at the country level. The supporters include Australia, Belgium, Denmark, European Commission, Korea, Mexico, New Zealand, Norway, Switzerland, Bangladesh, Bolivia, Cameroon, Fiji, Honduras, Indonesia, Kenya, Lesotho, Pacific Island Secretariat, Peru, Samoa, Tanzania, Uganda, Vietnam, and Zambia. OECD and UNDP, as well as development banks, and civil societies, are actively supporting this initiative.
To harness the benefit of knowledge-sharing, policy communities of climate change and development aid need to break the ?silos? to have a dialogue for mutual learning. This includes, for example, dialogues between Ministry of Finance and Ministry of Environment.
The objectives of this side event are to:
1. Contribute to the discussion at the Rio+20 by demonstrating the importance of effective and efficient use of climate finance, which contributes to sustainable development by accelerating climate change mitigation and adaptation.
2. Provide an opportunity for speakers and participants to build informal networks to share their experiences to access and manage climate finance.
3. Facilitate dialogues across policy communities ? e.g among ministries of finance, environment, planning and foreign affairs ? to break silos and discuss optimal resource allocation towards sustainable development.
The event will invite high-level speakers from supporter countries and institutions, including Ministries of Finance, Planning and Environment. There will also be some presentations on good practice examples of effective management of climate finance as a basis for knowledge sharing.