Climate finance is a crucial element for the implementation of climate actions. In order to understand the financing gaps and the financial opportunities available to developing countries, it is important to have information on how much money they can access from global climate funds and how much domestic finance is already available through national public expenditures. Countries are starting to track both domestic and international finance flows to increase transparency on climate finance. This is important in the context of compliance to the Paris Agreement’s Transparency Initiative. UNDP in partnership with GFLAC conducted a study to understand the gaps, the challenges and the lessons from countries’ experiences on reporting climate finance. The report identifies the needs and suggests ways to support countries in their efforts to measure, report and verify climate finance flows. The webinar will have the following objectives:
OBJECTIVES:
- Present the results of the study conducted by UNDP and GFLAC regarding tracking domestic climate finance, particularly adaptation climate flows in six countries: Colombia, Guatemala, Kenya, Nepal, The Philippines and Zambia.
- Discuss the challenges and the lessons learned in this study to provide inputs and recommendations that may inform global processes under the United Nations Framework Convention on Climate Change.
- Receive inputs from participants to further strengthen the global discourse and to support the work related to tracking climate finance at the national level.
Language: English
Moderator: Claudia Garcia, FAO
Presenters:
- Sandra Guzmán, General Coordinator, GFLAC
- Joanne Manda, Climate Finance Specialist, UNDP
- Sebastian Lema, Coordinator Financial Management Committee, National Planning Department, Colombia (TBC)
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