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ecbi european capacity building initiative Climate Change Finance

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1 ecbi european capacity building initiative Climate Change Finance
initiative européenne de renforcement des capacités Climate Change Finance Sources, Institutions, and Governance 2009 ecbi Oxford Fellows for sustained capacity building in support of international climate change negotiations pour un renforcement durable des capacités en appui aux négociations internationales sur les changements climatiques

2 Notes on sources for FCCC/AWGLCA/2009/INF.1 Part II
IV. Enhanced action on financing, technology and capacity-building : p.146 A. Enhanced action on the provision of financial resources and investment 1. Objectives, scope and guiding principles: p.147 2. Generation/Provision of financial resources: p. 154 3. Institutional arrangements, including funds/Institutional Structure: p.158

3 Guiding Principles The UNFCCC provides the framework for the negotiations. The COP, as the supreme body of the Convention, shall exercise its authority over and provide guidance to the financial mechanism, and shall decide on its operation, and on the policies, programme priorities and eligibility criteria for financing purposes. The level of developing country action is dependent on the level of financial support. The financial regime has to guarantee distributive justice and thematic balance

4 Sourcing Who should contribute? What should they contribute? How much?
Consolidated versus Fragmented Funding Private/Market versus Public Sector Funding Proposed types of sources Assessed Contributions (inter alia: Mexican Proposal) Carbon Market Contributions (inter alia: Norwegian Proposal) Other Proposals (inter alia: LDC Group and Swiss Proposals)

5 Disbursement Who should get funding? What should be covered? How should disbursement be carried out?

6 Funds AOSIS Adaptation Fund Multilateral Climate Technology Fund
REDD-plus Impacts of Response Measures Global Feed-in-tariff Programme Risk Management Mechanism World Climate Change Fund Multilateral Fund for Climate Change

7 The Reformed Financial Mechanism (RFM)
Key Design Principles External Audit UNFCCC Conference of Parties (COP) COP Authority Operating Entity Subsidiarity Executive Board Expert Advisory Panel(s) (as required) Administrative Services (e.g. at UNFCCC Secretariat) Independent Oversight RFM Trustee Thematic Assessment Units (one per disbursement window) Internal Audit Secretariat Services International Level Domestic Level Designated Funding Entities Direct Access Funded Activities Legend: Governance Relation (‘under the authority of’) Contractual Relation (MOU or contract)

8 What needs to be in the Agreed Copenhagen Outcome?
What can be deferred to later COP Decisions?

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