Climate Finance Issues in Caribbean/SIDS/AOSIS Negotiations
The negotiations on climate finance are crucial for the Caribbean/SIDS/AOSIS regions due to the increasing impact of climate change-related disasters. Key issues include meeting science-based targets, replenishing funds like GEF and the Adaptation Fund, and making decisions on finance. These negotiations are interlinked with various global agreements and present challenges in decision-making and ensuring favorable outcomes for the Caribbean negotiators.
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Initiative Europenne de Renforcement des Capacits European Capacity Building Initiative ecbi ecbi Title: Sub-title: Climate Finance Issues Under Negotiations A brief overview of the issues under negotiations that are of importance to the Caribbean/SIDs/AOSIS Presenter: Diann Black-Layne Affiliation : Department of the Environment, Government of Antigua and Barbuda for sustained capacity building in support of international climate change negotiations pour un renforcement durable des capacit s en appui aux n gociations internationales sur les changements climatiques
General Overview and Background ecbi Finance negotiations are related to outputs related to the Convention, Kyoto protocol, Paris Agreement, and Convention operations (Secretariat budget) Finance negotiations will generate over 9 decisions this is more than any other thematic area under consideration at the UNFCCC. All are interlinked and important;
Structure of the Negotiations ecbi Finance decisions are normally the last to be decided this is by design and for leverage; Caribbean negotiators tend to not follow these negotiations as much as other areas Caribbean SIDS negotiated as AOSIS as well as G77 and China. It is important to note that AOSIS and all developing countries are not homogenous group Coordinating over 9 decisions it is challenge to Caribbean negotiators and getting good outcomes is a major challenge;
Important Issues to the Caribbean SIDS ecbi Driven by Increase CC related disasters in the Caribbean and derisking of the banking sector; Article 2.1c has the greatest chance of meeting CC science-based targets; Replenishment for GEF and continued growth of the Adaptation Fund; Of course all decisions for Finance;
ecbi Thank you
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