Jun

4

2024

HYBRID
10:30—12:00 PM EST | 3.30-5 PM BST | 4.30-6 PM CEST
IDOS offices
Bonn, 53113
CGD TALKS

Designing the New UN Climate Finance Goal: Ambition, Additionality, and an Extended Contributor Base?

Welcome remarks

Stephan Klingebiel, Head of Inter- and Transnational Cooperation Programme, German Institute of Development and Sustainability (IDOS)

Keynote remarks

Heike Henn, Director for Climate, Energy and Environment, German Federal Ministry for Economic Cooperation and Development (BMZ)

Panelists

Julius Mbatia, Climate Finance Negotiator for the African Group of Negotiators (AGN)

Carola Mejía, Coordinator of Climate Justice, Transitions and Amazon, Latindadd

Svea KochSenior Researcher, German Institute of Development and Sustainability (IDOS)

Jonathan Beynon, Senior Policy Associate, Center for Global Development (CGD)

Moderator

Ian Mitchell, Co-Director, Europe and Senior Policy Fellow, Center for Global Development (CGD)

This event is co-hosted with the German Institute of Development and Sustainability (IDOS). It is held in a hybrid form, in Bonn on the sidelines of the Bonn Climate Change Conference. The in-person component is by invitation only. You can express your interest in attending in person via the link above.

If you have questions for our speakers, please submit them via Slido at this link.

The New Collective Quantified Goal (NCQG) on Climate Finance is set to be agreed at this year’s COP29, and it could have profound implications for the level and transformational potential of finance to tackle climate change. Still, negotiators are wide apart in their starting positions, with key points of contention including how to define climate finance, who should contribute, how much is needed, and what metrics can be used to assess and report progress. Coming to a mutually credible agreement is crucial, as the existing measurement and target framework for the current $100bn climate finance goal has led to inconsistent expectations and badly undermined trust. Recent analysis from the German Institute of Development and Sustainability (IDOS) and the Center for Global Development (CGD) highlighted potential new approaches to the goal and the case for new contributors

In the margins of the UNFCCC Bonn Climate Change Conference, IDOS and CGD will bring together senior negotiators and policy-makers and experts to discuss the way forward on the core public finance element of the climate goal. At this public event, we will explore how to improve measurement and accountability; how to tackle the issue of additionality of climate finance; how to set the level of ambition in particular with regards to adaptation and loss and damage finance; and which countries should contribute. 

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