Platform for African – European Partnership in Agricultural Research for Development

Wednesday, December 20, 2017

International public flows of climate finance

On 12 December 2017, the President of the French Republic, Emmanuel Macron, the President of the World Bank Group, Jim Yong Kim, and the Secretary-General of the United Nations, António Guterres, decided to refute fatalism in the face of the ecological emergency for our planet by calling together in Paris international leaders and committed citizens from around the world.

Together, they launched an ambitious project to win the battle against climate change.

12 commitments were made, the One Planet Coalition was created. It will ensure that the commitments are kept.

Extract of the programme:

Scaling up finance for climate action
The panel demonstrated how the Paris Agreement framework sets a new mandate for public and private finance and why it is necessary to scale-up climate finance through public engagement and its leveraging effect on private investments
Co-chairs: Jean-Yves Le Drian, French Minister for Europe and Foreign Affairs; Rémy Rioux, International Development Finance Club President; Ms. Kristalina Georgieva, World Bank Chief Executive Officer.
Panelists: M. Jean-Yves Le Drian - Minister for Europe and Foreign Affairs, France; M. Frank Bainimarama - COP23 President, Prime Minister of Fiji; Ms Patricia Espinosa - Executive Secretary, UNFCCC; M. Miguel Arias Cañete - EU Commissioner for Energy and Climate; M. Rémy Rioux - President, International Development Finance Club; M. Xie Zhenhua - Special Representative on Climate Change Affairs, National Development and Reform Commission, China; M. Howard Bamsey - Executive Director, Green Climate Fund; M. Akunwumi Adesina - African Development Bank President; Ms Kristalina Georgieva - CEO, World Bank; Ms Catherine McKenna - Minister of Environment and Climate Change, Canada; M. Mustapha Bakkoury - President, Moroccan Agency For Solar Energy; Ms Varsha Purandare - CEO, SBI Capital Markets Limited

Side events
In parallel of the One Planet Summit on December 12, many side events are organized on December 10, 11 and 13 in Paris by public, private and civil society stakeholders in order to contribute to the mobilization and the implementation of concrete solutions towards greater climate action.

On the occasion of the One Planet Summit, CARE and Oxfam have released a new briefing paper on adaptation finance:
The Stockholm Environment Institute (SEI) has published a new report examining international public flows of climate finance toIndian Ocean and African Small Island Developing States. The report looks at financial support provided to Cape Verde, the Comoros, Guinea-Bissau, the Maldives, Mauritius, São Tomé and Principe, and the Seychelles from 2010 to 2015.
  • The work describes the sources of climate finance, its distribution among recipient countries, the shares targeting adaptation and mitigation, the spread across sectors, the modes of delivery and intermediaries involved in programming the funds, as well as the share of committed funds that has been disbursed so far. For each country, the report includes detailed snapshots of climate finance, supported by infographics.
  • This is the third in a series of reports exploring how climate finance has been working for SIDS. Previous reports are available for the Pacific, and for the Caribbean regions.

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