Thursday, 29th June 2023, 15:00 – 16:00 BST | Sign up now
Join our London Climate Action Week event on Thursday 29th June, from 15:00 to 16:00 BST, to explore how developing countries can scale ambition & mobilize finance for a just and sustainable future.
SNAPFI researchers from Brazil, South Africa, Indonesia, India, and the EU will present their findings from their latest report on ‘The role of international climate finance for bridging the low carbon investment gap’.
The webinar will address information gaps and explore principles for international support to achieve net-zero targets and just transitions. By aligning financial support with ambitious climate goals, we can accelerate the transition to a sustainable, low-carbon future while ensuring equitable outcomes for all nations and communities.
|Welcome & Introduction to the SNAPFI project
Heiner von Luepke (DIW Berlin)
|15:05 – 15:20
|Overview of the project report and Principles of International Finance
Markus Hagemann (NewClimate Institute)
|14:10 – 14:30
|International finance needs in country plans
Presentations by: Camila Yamahaki (FGV, Brazil), Manish Shrivastava (TERI, India), Zahara Sitta (ITB, Indonesia), Michael Boulle (UCT, South Africa)
|14:45 – 16:00
|Summary + Open Discussion
The urgency to address climate change is evident, as highlighted by the IPCC Special Report on 1.5 degrees. Recognizing the principle of common but differentiated responsibilities (CBDR) within the UNFCCC framework, all countries must implement robust mitigation strategies, but developed countries bear the responsibility to lead in global climate action. They should provide support in the form of finance, technology and knowledge transfer, and policy assistance to developing nations. National financial frameworks and public budgets alone cannot meet the scale of finance required for a successful transition, especially considering the high-debt distress faced by many developing and emerging economies.
However, climate finance needs articulated by developing countries in their NDCs vary significantly, often lacking specific details on the role international climate finance can play. Each country’s low-carbon transformation requires tailored financial, regulatory, and fiscal policy instruments to address diverse asset types, business models, and investors. Furthermore, these finance schemes must prioritize socio-economic factors to ensure a just transition for all. The goal of international support for just transitions should be to foster both national development priorities and climate objectives.
This event aims to address the information gaps regarding financial needs and explore principles for international support to achieve net-zero targets and just transitions. It will introduce nine exploratory principles that can guide the finance and support required to align with the goals of the Paris Agreement while emphasizing ambitious scaling and just transitions.
The event will bring together policymakers, experts, and stakeholders from developed and developing countries to foster dialogue, share best practices, and explore actionable recommendations. By aligning financial support with ambitious climate goals, we can accelerate the transition to a sustainable, low-carbon future, while ensuring equitable outcomes for all nations and communities.