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Climate Finance Advisory Service

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Climate Finance Advisory Service

The Climate and Development Knowledge Network (CDKN), a UK-based non-profit organisation, launched a Climate Finance Advisory Service (CFAS) for developing countries at the 18th Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC) in Doha, Qatar. The Service will enable negotiators, policy makers and advisors in developing countries to access the tailored information and guidance they need to participate effectively in global climate finance negotiations. To that end CDKN has mandated a consortium of several organisations led by Germanwatch and Frankfurt School of Finance & Management to assist negotiators from the most vulnerable developing countries, in particular least developed countries (LDCs), small island developing states (SIDS) and Africa, in their involvement in the global climate finance architecture.

Against the background of running the CFAS platform, the consortium will provide expertise on issues relevant to climate change finance, both within the international negotiations and in climate finance practice in developing countries. This involves real-time support (also referred to as in situ response service ). The Service provides a rapid response for complex, time-critical questions faced by developing countries during the Green Climate Fund Board meetings and UNFCCC negotiations, and between sessions. Negotiators from developing countries can submit queries using the CFAS online platform to the expert team. The answers are published on the online platform www.cdkn.org/cfas, to benefit a larger audience of developing country users.

 

CFAS Climate Finance Guide: COP 22 Marrakech

Many UNFCCC stakeholders see climate finance as one of the linchpins holding together the entire international climate policy process, for several reasons. First, the provision of climate finance to developing countries is an obligation developed countries have both under the UNFCCC and the Paris Agreement. Fulfilling this obligation builds trust that the international system is working and Parties are taking their commitments seriously. Second, climate finance is key to enabling the fulfilment of existing commitments, it is a "means of implementation" allowing poorer countries to report their emissions, adapt to the impacts of climate change and reduce their emissions in line with their national climate plans known as nationally determined contributions (NDCs). Third, climate finance can trigger higher ambition, leading to the highest possible efforts, which are needed to close remaining gaps. As far as the mitigation of climate change is concerned, current commitments are far from putting global emissions on a pathway that would allow achieving the objective of the Agreement to limit temperature raise to well below 2°C or even 1.5°C. Additional incentives are needed for more ambitious action - climate finance can be one such incentive. Much more resources are also needed to fill the adaptation gap, i.e. fulfil the objective of the Agreement to enable climate-resilient development everywhere, particularly for the most vulnerable.

In this context, the COP in Marrakech is a critical opportunity to provide a framework for transparency regarding climate finance, discuss the roadmap describing how the envisaged annual USD 100 billion of climate finance by 2020 are to be reached, and to ensure the aspired balance of mitigation and adaptation finance.

The CFAS guide to the Biennial Assessment and Overview of Climate Finance Flows 2014

This guide provides climate change negotiators with a synopsis of the key elements in the United Nations Framework Convention on Climate Change (UNFCCC)’s Biennial Assessment of climate finance flows. This is of relevance not only to the overall landscape of climate finance, but also to the emerging new global agreement on climate change, to be agreed at the UNFCCC Conference of the Parties in Paris in 2015.

Policy Brief: Enhancing direct access to the Green Climate Fund

For the fourth meeting 26-28 June 2013 of the Green Climate Funde in Songdo (Republic of Korea), Germanwatch and Frankfurt School of Finance & Management published the second project policy brief “Enhancing direct access to the Green Climate Fund”. This policy brief contributes to the ongoing debate around access modalities for the GCF and explains the terminology around ‘direct access’ and ‘enhanced direct access’, outlining the competencies and capacities needed at each institutional level to achieve direct access, reviews recent experience of using the direct access approach in international climate funds and makes recommendations to the GCF Board and others.

CDKN Guide: Adressing the barriers to climate investment 

In June 2013, the Green Climate Fund (GCF) Board reviewed the options for financial instruments to fund action against climate change. During this meeting, the Board asked the GCF’s Interim Secretariat to propose terms and conditions for grants and concessional lending made by the GCF (these will be deployed through accredited national, regional and international intermediaries and implementing entities). The guiding principles and factors for determining the terms of financial instruments were considered in October 2013. The terms and conditions will be considered at their next meeting. This guide comments on the discussions so far about financial instruments for the Business Model Framework of the GCF.

Project Manager: 

Dr. Christine Grüning

FS-UNEP Centre
Senior Project Manager and Policy Expert

Project duration: 
12.2012 to 12.2016
Status: 
On-going