Further scaling up both climate adaptation and mitigation finance to the SIDS is vital - both to address the vulnerability of SIDS inhabitants by making agriculture, biodiversity and infrastructure sectors more resilient to climate impacts, and to shift the energy mixes of SIDS away from fossil fuels.
The countries of the Middle East and North Africa (MENA) are highly vulnerable to climate change, which is likely to compound persisting development challenges. The MENA region is already the most water scarce region.
The diversity of active funds in the region is not matched in the distribution of finance. Considerable amounts of finance have flowed to fast-growing economies such as India and Indonesia, primarily for mitigation projects. On the other hand, a number of populous nations at considerable risk to climate change, such as Pakistan, have received relatively little.
Grant financing continues to play a crucial role, especially for adaptation actions, in ensuring that climate actions secure multiple gender-responsive benefits for the most vulnerable countries and population groups in Sub-Saharan Africa, the region least responsible for global climate change and most vulnerable to its impact.
Latin America is a highly heterogeneous region, with differences in levels of economic development and social and indigenous history, both among and within countries. The impacts of climate change, in particular glacial melt and changes in river flows, extreme weather events and risks to food production systems affect development in both rural and urban areas in the region.
There have been some significant changes in the REDD+ finance architecture and increasing efforts to support developing countries’ move beyond readiness and capacity building to demonstration programmes and emission reductions with payments based on verified results.
Progress in making ambitious emission reductions has been slow to-date. Climate finance can play a crucial role in assisting developing countries in making the transition to more environmentally sustainable systems of energy production and use, while also addressing developmental priorities of energy security and energy poverty.
Directing adaptation funding to countries most vulnerable to the impacts of climate change as well as to the most vulnerable people and population groups within recipient countries remains an imperative, with grant financing continuing to play a major role.
COP 23 was one COP in two zones: The Bula zone was the site of the official negotiations - with little relevance to what happens in the real world. The Bonn zone hosted dozens of civil society kiosks and hundreds of events searching for real solutions.
What does a normative framing and a push for the gender-responsiveness of climate finance mean for the global climate finance architecture and the Green Climate Fund? A set of four new information briefs as part of an annual update of the Climate Finance Fundamentals (CFF) briefing series explores this relationship.
Heading into COP 23 in Bonn under a Fiji COP presidency, this Climate Finance Fundamental provides a snapshot of the operationalization and functions of the Fund. While the Fund’s role in a post-2020 climate regime as the major finance channel under the Convention was confirmed, the scale of its resourcing remains to be clarified post-Paris
This note outlines some key principles and actions for making climate-financing instruments more responsive to the needs of men and women as equal participants in decision-making and as beneficiaries of climate actions and supportive of gender equality more broadly.