UNFCCC Workshop on Long-term Climate Change Finance

17 July 2012. Scaling up the mobilization of long-term finance is crucial to help developing countries limit greenhouse gas (GHG) emissions and adapt to climate change. In order to discuss options for the mobilization of resources from a wide variety of sources, public and private, bilateral and multilateral, the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat organized a Workshop on Long-term Finance, from 9-11 July 2012, in Bonn, Germany. 

A total of 140 government officials, public and private finance sector representatives and members of civil society and academia took part in the debates. The discussions were based on extensive analytical work, including the UN Secretary-General’s High-level Advisory Group on Climate Change Financing and the G20 report on mobilizing climate finance. The main issues discussed in detail included: the scale of finance-related needs of developing countries, potential sources of climate finance in the longer-term, innovations and options for mobilizing climate finance from multiple sources and lessons learnt from fast-start-finance. 

“It is clear that we cannot continue to tackle climate change with old solutions, and that no one single source is going to be appropriate or sufficient to mobilize climate finance at a speed and scale that would allow people in developing countries to build their own climate-resilient futures. This event has allowed all stakeholders to think outside the box, to explore options in highly creative ways, and to pave the way for stronger climate action” said UNFCCC Executive Secretary Christiana Figueres.

The event was made accessible to all interested stakeholders with the help of live webcast, social media and an online platform on the UNFCCC website by which stakeholders could send in material and put questions to the two Chairs. More than 1,000 messages, comments and questions relating to the workshop were sent via Twitter or posted on Facebook. Furthermore, webinars and e-fora will be organised in the course of the year and stakeholders can continue to put questions to the Chairs and post comments via the UNFCCC online platform and social media. 

This workshop was the first of two interactive workshops on long-term climate change finance to be held this year, which were requested by governments as part of a work programme on long-term climate finance agreed at the United Nations Climate Change Conference in Durban, South Africa, in 2011. The report of the workshop will be presented at the 18th session of the Conference of the Parties to the UNFCCC (COP 18) to be held in Doha, Qatar, at the end of the year.

For further information please contact longtermfinance@unfccc.int or visit: http://unfccc.int/cooperation_support/financial_mechanism/long-term_finance/items/6814.php