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Issues regarding the Financial Mechanism Role of the Adaptation Fund and Resource Mobilization

ecbi. Issues regarding the Financial Mechanism Role of the Adaptation Fund and Resource Mobilization 2017 ecbi Oxford Fellows Colloquium Benito Müller. european capacity building initiative initiative européenne de renforcement des capacités.

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Issues regarding the Financial Mechanism Role of the Adaptation Fund and Resource Mobilization

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  1. ecbi Issues regarding the Financial Mechanism Role of the Adaptation Fund and Resource Mobilization 2017 ecbi Oxford Fellows Colloquium Benito Müller european capacity building initiative initiative européenne de renforcement des capacités 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. Role of the Adaptation Fund

  3. The AF May! Should! Shall? Serve the PA • Annex I – List of options and elements identified by Parties in response to the guiding questions • Informal note by the Co-Facilitators • Parties identified the following options: • 1. Adaptation Fund is under the authority and guidance of, and is accountable to the CMP and serves the Paris Agreement • 2. Adaptation Fund is under the authority and guidance of, and is accountable to the CMA and serves the Paris Agreement • 3. Adaptation Fund is under the authority and guidance of, and is accountable to both the CMP as well as the CMA … and serves the Paris Agreement • 4.Adaptation Fund is under the authority and guidance of, and is accountable to the COP and serves the Paris Agreement • Governance and institutional arrangements • Authority under which the Adaptation Fund operates • Reporting of the Adaptation Fund Board to which governing body/bodies • Guidance to the Adaptation Fund Board from CMA/CMP/COP • Role of SCF in providing guidance • Composition of the Adaptation Fund Board • Eligibility of Parties to the Paris Agreement and/or Kyoto Protocol (pending governance arrangement) • Arrangements for secretariat services • Arrangements for services of the trustee • Safeguards • Coherence of the Adaptation Fund’s safeguards policies to serve the Paris Agreement • Accreditation process • Operating modalities • Role / niche of the Adaptation Fund • Sources of funding to the Adaptation Fund • Linkages with other bodies and institutions • Operating modalities • Role/niche of the Adaptation Fund • Sources of funding to the Adaptation Fund • Linkages with other bodies and institutions

  4. Role of the Adaptation Fund Unnecessary Administrative Overheads TF CC LD CF SC CF Average annual contributions (to scale) Voluntary Contributions Replenishments

  5. Role of the Adaptation Fund: Solutions Rationalizing the Financial Mechanism TF CC LD CF SC CF

  6. Role of the Adaptation Fund: Solutions Rationalizing the Financial Mechanism Plan A: Rationalizing the Funds TF CC

  7. Role of the Adaptation Fund: Solutions Rationalizing the Financial Mechanism Plan B: TF CC LD CF SC CF

  8. Role of the Adaptation Fund: Solutions Rationalizing the Financial Mechanism Plan B: Rationalizing the Funding Streams TF CC LD CF SC CF Programmatic Funding Replenishments

  9. Why keep the Adaptation Fund?

  10. Why keep the Adaptation Fund? To enable the GCF to function at scale as wholesale agent Programme MIEs Project MIEs Programme MIE Project MIEs Local Provincial National International NIE

  11. The Adaptation Fund: Multi-sourced, multilateral adaptation retail fund Replenishment Programmatic Funding Innovative Finance

  12. Resource Mobilization

  13. Why is the Financial Mechanism worth talking about? Because it is a North-South Justice & Trust Weathervane It has an extremely high ‘trust intensity’ [trust/€]

  14. Resource Mobilization: Why? To fill the GCF ‘Trump gap’.

  15. Resource Mobilization: Why?

  16. Resource Mobilization: How? Sub-national budgetary Contributions • “Paris, 5 December: Today the Chair of the Least Developed Countries (LDCs) Group welcomed a pledge from the Quebec government of $ CAD 6 million to the Least Developed Countries Fund (LDCF).”[LDC Group Press Release] • Pledges by the city of Paris ($1.3m) and three Belgian sub-nationals ($17.1m) to the GCF

  17. Resource Mobilization: How?

  18. Resource Mobilization: How? Innovative Finance: Shares of sub-national proceeds

  19. Resource Mobilization: How? Additional Innovative Finance: Crowdfunding 1% • 1 percent of corporate passengers donating (on average) 1 per cent of their ticket price would yield $125 million annually.

  20. What to do?

  21. Resource Mobilization: How?

  22. Topics • Role/niche of the Adaptation Fund in the FM • SCF Work Programme on Alternative and Innovative Sources of Finance • Art 9.5: biennial communication of indicative …information related to …projected levels of public financial resources …. • Art 2.1.c. Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. • The Role of microfinancing as tool of meeting environmental, social and gender safeguards (2018 in-session workshops on long-term climate finance  

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