First technical expert dialogue on NCQG (BoG Session 4: Team Lion): Quantity, quality, scope and access features, as well as sources of funding, of the goal and transparency arrangements to track progress towards achievement of the goal by Grant Kirkman https://padlet.com/gkirkman1/BoGSession4TeamLion Click the + button to add a short comment under the question you wish to respond to. You may sign your contribution with your name and organization. en-us 2022-03-23 16:58:47 UTC 2022-03-25 11:31:56 UTC hello@padlet.com Go beyond 'do more of the same' and learn from other mechanisms https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113545032
  • Continuation of in person and virtual events to collect ideas - avoid pre-determining in set up of the meetings ahead;
  • Oppountities for written inputs - call for submissions needed at same stage
  • Avoid 'do more of the same' important to ensure that we don't predetermine the outcome of the goal by assuming we will continue to fund the GCF as it currently can only provide grants to adaptation projects
  • Need flexibility to think about new forms of finance - for example an adaptation levy to pay for the costs
  • Keep an open process to allow for new ideas 
    • ]]>     2022-03-25 10:22:04 UTC https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113545032     Ensure high levels of transparency and openess https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113547044
  • The process should ensure a long-term thinking approach and not pre empt on the structure of the goal
  • Focus to be on the quality issues as opposed to only the quantity of finance needed
    • ]]>     2022-03-25 10:23:57 UTC https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113547044     Ensure scope is well balanced and access focused https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113547783
  • Should capture both public and private finance and also international and domestic
  • Should be balanced in terms of transparency, additionality, investment channels and also serve the most vulnerable mostly
  • Should recognize international or donor country private finance and recipient country contributions 
  • Should recognize the non-financial contributions – land, labour, IDK, biodiversity, governance systems. There is a need for a platform to recognize these benefits that cannot always be costed
  • Open to ideas that enable better access, such as thrid party verification / vetting of projects / finance application as is done in the Adaptation Benefits Mechanism, which significantly increased the number of application as opposed to in-house verification/validation (e.g. compare the no. of GCF vs. CDM projects to date) 
    • ]]>     2022-03-25 10:24:41 UTC https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113547783     Instruments and channels to mobilize finance neee to change and include performance and impact https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113557388
  • Ways and means to mobilize funding from public and private sources in donor and recipient countries (i.e. 4 categories)
  • Technical discussions can look at mechanisms to raise finance that suit the nature of projects and support required
  • The nature of adaptation finance is different from mitigation finance, therefore need new and different mechanisms to raise and deploy this finance
  • Performance guarantees - payments for results - can be a very effective means of engaging private sector where as grants cannot be accessed so widely.
    • ]]>     2022-03-25 10:33:18 UTC https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113557388     Include Nature Based solutions and ensure greater MDB support for this also from donors https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113562349
  • Need to also start tracking nature based solutions finance and unding - biodiversity losss and desertification are connected to climate change 
  • MDBs need more support from donors to now do for biodiversity as is being done in part for climate change over the last 10 years
  • MDBs also need to move beyond applying 'no harm' towards applying 'nature positive' principles to investment and funding decsions

    • ]]>     2022-03-25 10:37:41 UTC https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113562349     Embrace a wide spectrum flows and source of finance https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113564557
  • Include domestic flows, south-south flows, private flows, reduction of climate-detrimental finance flows 
  • Must consider increasing private investment, not to replace public finance but as a necessary supplement to reach the Paris goal
  • Could be achieved for example by the operationalisation of Art. 2.1.c through the NCQG in relation to enabling environments in donor and recipient countries
  • Parties other than developed country Parties that are in the position to do so should also provide financial support - goal has to be seen as a global effort and a global cooperation
    • ]]>     2022-03-25 10:39:36 UTC https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113564557     Enabling environment to increase the tracking of climate finance incl. awareness raising in the developing country financial/private sector https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113571713
  • There are a range of ways to track finance EU Taxonomy (a long term approach to ensure quality of climate finance), TCFD etc. the NCQG needs to help countries catch up on this tracking
  • Need signficant support to build capacity and create an enabling environments in recipient countries on how to track climate finance and raise awareness on the need for it e.g. the AfBDs AFAC raises awareness in the African financial and private sectors
  • Options include also through registries of projects which contribute to stated adaptation and mitigation needs and a process of enabling other projects to apply for recognition of such qualities (e.g. screening of projects to check that they meet Paris aligned criteria and do indeed contribute to adaptation or mitigation)
    • ]]>     2022-03-25 10:45:35 UTC https://padlet.com/gkirkman1/BoGSession4TeamLion/wish/2113571713