Information here.
On 25 May 2022 from 1500-1630 CEST, ECDPM is organising a virtual panel discussion on a renewed partnership with LDCs : ‘EU cooperation with LDCs’. ECDPM’s Alexei Jones and San Bilal are participating in this event.
Panelists:
– H.E. Teneng Mba Jaiteh, Ambassador of the Gambia to the EU
– Luc Chevaillier, adjoint au sous-directeur du développement, secrétaire des affaires étrangères
20 May 2022. The Green Climate Fund (GCF) Board closed its 32nd meeting. In addition to the approval of new projects and other decisions, the Board "adopted an updated Simplified Approval Process (SAP), simplifying climate finance access for small-scale projects in Least Developed Countries (LDCs), Small Island Developing States (SIDS) and African States".
17 May 2022. Today the European Parliament's Committee on Environment, Public Health and Food Safety adopted the report on the regulation establishing a Carbon Border Adjustment Mechanism (CBAM). CBAM is seen as a way of preventing "carbon leakage" - that is, the movement of carbon-emitting industries to other countries - as Europe transitions to a lower-carbon economy.
Reports from the Inter-Agency Task Force on Financing for Development and the Intergovernmental Panel on Climate Change raise the alarm bells on a lost decade for sustainable development and a shrinking window of opportunity to address the devastating impacts of climate change. Transitioning to a green, climate resilient global economy will require the mobilization of unprecedented capital. However, developing countries, notably LDCs and African countries, continue to have the lowest access to affordable finance.
During the 2022 ECOSOC Forum on Financing for Development, UNCDF and partners will be holding side-events on Green and Climate Resilience Bonds in LDCs, Guarantee Mechanisms as Catalysts of LDC Structural Transformation and Blended finance in LDCs. More information here and in our events page.
Graduation from “Less Developed Country” status marks huge economic and social progress, but risks can arise after the loss of international support measures. To deliver the SDGs and halve greenhouse gas emissions, climate and trade policy need to align in a way that works for the poorest.
The LDC Group and the Alliance of Small Island States formed an influential and ambitious bloc in the UN climate negotiations. However, LDC trade and climate policy communities need to engage in a structured way to support transitional measures.
9 November 2021. More information here: US$ 413 Million Pledged for Most Vulnerable Countries at COP26 | UNFCCC
Watch the recording here: Securing climate-compatible trade for the most vulnerable countries | ODI: Think change
