Climate Analytics (centre of photo, from left Rachel Pham, Paolo Cozzi, and Frances Fuller) with the team from the Climate Change Division in Jamaica, during a climate finance readiness workshop (2019). Credit: Climate Change Division within the Ministry of Economic Growth and Job Creation, Government of Jamaica
Climate finance for Paris Agreement implementation
Our experts lead the work relating to facilitating science-based access to 1.5°C compatible climate finance, including as part of the IMPACT project. This multi-faceted project aims to strengthen the connections between the scientific assessments of climate impacts, vulnerability and adaptation to help enable access to finance and help SIDS and LDCs implement concrete projects.
This stream of work guides the development of tools for implementing countries’ priorities to ensure that they match climate funds’ investment criteria, and supports stakeholder countries in seeking out domestic and international funding opportunities for adaptation and mitigation climate finance.
Working with national governments, regional agencies and international entities, our experts, having over ten years of experience in climate finance, translate NDCs and NAPs into implementation concepts that have strong synergies with sustainable development. Our focus is to ensure that funding proposals put forward by our stakeholders are country-owned, innovative, Paris-compatible and truly transformational in nature, while meeting criteria for accessing international climate financing and leverage private sector investment opportunities.
Our experts also work with accredited entities, governments and private sector actors to deepen their understanding on what makes an impactful climate project and help strengthening the scientific and technical robustness of project ideas and concept, through climate change impacts projections, assessment of project mitigation potentials, organisation of structured stakeholders consultations.
Climate Analytics’ New York office Director and Head of Implementation Strategies, Laetitia De Marez presenting at a climate finance readiness workshop in Grenada (2018).
Climate Finance Readiness
As developing countries translate their climate adaptation and mitigation targets and ambition into strategies and concrete project ideas, one of the biggest barriers they face is accessing international climate finance. Our experts work with capacity-constrained developing countries, including through the Green Climate Fund’s (GCF) Readiness and Preparatory Support Programme, to strengthen their institutional capacities and convert countries’ priorities into pipelines of bankable and impactful projects through the development of GCF country programmes and concept notes.
Building on our long-standing relationships with Small Island Developing States across the Caribbean, and with developing countries in Africa, in 2018, we have started to assist a number of countries as part of the GCF’s Readiness Programme. Our work has been aimed at strengthening institutional capacity in countries and developing strategic frameworks that enhance ownership. Our team support ministries, National Designated Authorities, direct access entities and other key stakeholders in developing tailored procedures and mechanisms to access the GCF, strategise and mobilise climate finance and building lasting capacity through tools and trainings with the ultimate goal of developing robust national or regional project concepts to unlock climate finance and leverage private investment.
To date our experts in the New York branch have been working in Grenada, Saint Lucia, Jamaica and Tunisia.
Participants working on an exercise during a national adaptation planning workshop in Saint Lucia (2019).
Strategies for financing National Adaptation Plans
The success of a national adaptation plan (NAP) requires the mobilisation of both public and private finance from national and international sources. However, the imbalance between mitigation and adaptation funding and investment attests of the remaining challenges to mobilise the private sector for adaptation and resilience building. Since late 2018, our implementation experts have been working with countries and key economic actors on new projects to device financing strategies for NAPs and private sector engagement strategies, including the preparation of concepts for Public Private Partnership concepts.
Our experts based the financing strategies on an assessment of past flows and current public and private sources of climate financing available both domestically and internationally, their investment criteria and focal areas. By organising and prioritising existing NAP priorities and project ideas, CA matches them with the most appropriate funding sources and identifies next steps in unlocking their potential. Tailored to the national context, our experts conduct sector mapping and develop action plans with concrete measures to ensure continued engagement and dialogue to ensure mainstreaming of adaptation in businesses operations and planning and generate partnership and innovative ideas.
We are currently working on related strategies for Saint Lucia and Ghana.
Blog New York
Where action on climate change, sustainable development and oceans intersects - Belize's vision for AOSIS
Belize has embarked on its two-year term leading the Alliance of Small Island States (AOSIS). The Caribbean nation’s vision for the Alliance, which turns 30 this year, focuses on ambitious action on climate change, sustainable development and oceans.
Recent observations show that climate change impacts already undermine the ability of developing countries to meet their sustainable development priorities. Limiting warming to 1.5°C, as stated in the Paris Agreement, is intrinsically linked to achieving the Sustainable Development Goals. We urgently need to recognise and leverage the linkages between these two global frameworks.
Ever more intense climatic events are rapidly pushing Small Island Developing States to the verge of their coping capacities, beyond which they will experience irreparable loss and damage. These risks threaten the socio-economic stability and undermine already limited abilities to achieve the Sustainable Development Goals. A recent event hosted by the Government of Belize looked at ways of increasing understanding and international cooperation to address this urgent issue.
Events New York
Join us for an event during Climate Week NYC 2018 to find out about some of the latest science findings on climate impacts, and benefits of limiting global warming to 1.5°C, and what this means for implementation of the Paris Agreement, especially in terms of the scale and pace of decarbonisation required to achieve this goal, and what policies are needed.
This event during Climate Week NYC will look at the scientific and political dimensions of why 2020 is such a crucial year for climate action.
Fiji’s presidency of COP23, the first ‘Islands COP,’ offers an opportunity for SIDS and other most vulnerable countries to put their concerns and ambitions at the forefront of the negotiations and in the implementation process. This event will present the latest science on climate impacts on small islands to underscore the urgency of action, discuss the key ingredients for success of COP23 and opportunities to accelerate Paris Agreement implementation.
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