First technical expert dialogue on NCQG (BoG Session 1: Team Elephant): The NCQG in the context of contributing to accelerating the achievement of Article 2 of the Paris Agreement by UNFCCC Secretariat https://padlet.com/tlue1/BoGSession1TeamElephant 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 2022-03-20 21:28:18 UTC 2022-03-24 10:04:06 UTC hello@padlet.com Outi (EU): We need to consider how the goal itself can most effectively help attract finance for mitigation and adaptation action in line with the long-term goals of the Paris Agreement. We also need to take steps to make all finance flows consistent with a pathway towards low GHG emissions and climate-resilient development. https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111446833 2022-03-24 09:03:36 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111446833 Outi (EU): NCQG needs to set climate finance priorities. It needs to support building a framework to finance a 1.5°C world. It should also consider the broader finance landscape and contribute to align all finance flows with a net-zero future. https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111454757 2022-03-24 09:09:57 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111454757 https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111462345 Elena (AILAC): The NCQG represents a unique opportunity to guide demand for low-emissions and climate-resilient finance and to scale availability of climate mitigation, adaptation and loss and damage-compatible finance as we approach 2030 and in setting our trajectories to reducing emissions to net zero and ensure development patterns are climate-resilient by 2050.]]> 2022-03-24 09:15:52 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111462345 Jan (Oxfam): Technical discussions should differentiate between (a) needs for investments versus (b) needs for support (e.g. to finance interventions with no return that can be used to make investments viable). https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111464762 2022-03-24 09:17:33 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111464762 Outi (EU): Need to distinguish between general investment needs and support needs. Enabling environments matter. We also need information on impacts and effectiveness of climate finance. https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111469273 2022-03-24 09:20:48 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111469273 Outi (EU): technical discussions need to address concrete questions. Such as: 1) fiscal & economic levers, such as carbon pricing and the phasing out of environmentally harmful fossil fuel subsidies; 2) climate considerations mainstreamed into all investment decisions globally, as well as budgets and development cooperation; 3) additional finance is mobilized from all sources. https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111485487 2022-03-24 09:32:29 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111485487 https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111487042 Elena (AILAC): it is critical that the NCQG weighs quantitative and qualitative elements of it in a manner that is comprehensive and multidimensional. Seen as a quantified goal(s), defined giving a central role to public funding by developed countries and their leadership in mobilizing climate finance, as per Article 9 of the Paris Agreement, is also supported by a series of qualitative elements on how this goal/s are to be achieved, by taking into account the needs and priorities of developing countries in this transition to 1.5°C]]> 2022-03-24 09:33:30 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111487042 Outi (EU): Work of the Standing Committee on finance on biennial assessments and needs determination. Also to identify gaps in these reports and their methodologies. https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111490984 2022-03-24 09:36:28 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111490984 Jan (Oxfam): The GST cycle would offer the opportunity to regularly adjust the NCQG to reflect that needs will evolve over time, also informend by the NDC cycle. This way the NCQG would reflect on needs not only at the time of first adoption in 2024 but do so henceforth. https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111495738 2022-03-24 09:39:55 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111495738 Jan (Oxfam): Needs assessment report, UNEP adaptation gap repport, various modelling research on investment needs, IPCC AR6. Somewhat missing: assessments of needs for support (versus needs for investments). https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111497383 2022-03-24 09:41:03 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111497383 https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111499144 Elena (AILAC): the quantitative aspect of the NCQG should be done through the use of different sources of input, including bottom-up information (NDC, NAP, NC, etc) and top-down reports and inputs (SCF NDR and Biennial Assessments of Global Climate Finance Flows, OECD, Adaptation Gap Report, IRENA, IPCC, etc) ]]> 2022-03-24 09:42:20 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111499144 Jan (Oxfam): One would expect the Glasgow Dialogue on Loss and Damage to result in some form of adjustment/enhancement of the existing arrangements on finance for LnD - this could also be linked to in the NCQG discussion (assuming addressing LnD would be covered by the NCQG too). https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111515261 2022-03-24 09:53:17 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111515261 https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111527837 Elena (AILAC): the implementation of the NCQG, as well as its conceptualization must be updated as a result of the technical assessment of each Global Stocktake (from 2028 onwards). The Enhanced Transparency Framework plays a key role in tracking of the progress of flows from developed to developing countries (BTRs, CTFs, etc.)]]> 2022-03-24 10:02:08 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111527837 https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111530385 Elena (AILAC): GCF, GEF, AF, SCF, Multilateral Development Banks, climate funds outside UNFCCC, other UN agencies, think tanks, among many others]]> 2022-03-24 10:04:06 UTC https://padlet.com/tlue1/BoGSession1TeamElephant/wish/2111530385