COP 22 - Accelerating Action: Catalyzing and financing NDC implementation to support climate, growth and development
11:30 AM - 1:00 PM WETCOP 22, Marrakech, Morocco
A panel of Ministers and private sector leaders will discuss how to accelerate the financing and implementation of Nationally Determined Contributions to support climate, growth and development.
The Paris Agreement marked the start of a new era in climate policy. There is an urgent need now to accelerate and scale climate action.
Nationally Determined Contributions – submitted by nearly every nation – represent an opportunity to focus, coordinate and accelerate national climate action and international support, as well as to align the climate and development agendas and mainstream climate action into national planning.
Effective implementation will necessitate the roll-out of low-carbon, climate-resilient infrastructure and economy-wide transformation, financed by significant, mostly private, investment. The ambition mechanism under the Paris Agreement should maintain momentum and encourage the raising of ambition over time.
However, urgent action is needed to develop NDCs into investment plans and to establish the enabling environments to allow public and private finance to flow. There is a clear need for both national action and international support for developing countries.
In this CPI-WRI organized official side event, Panelists will discuss what’s needed to catalyze and finance the implementation of NDCs, including promoting accessible and responsive support; tackling key risks and barriers to private finance; developing robust implementation roadmaps; and advancing action through the Paris Agreement.
- Andrew Steer, President and CEO, World Resources Institute
- Lilianne Ploumen, Minister for Foreign Trade and Development Cooperation, The Netherlands
- Ajay Mathur, Director-General, TERI (The Energy and Resources Institute)
- Paddy Padmanathan, CEO, ACWA power
- Barbara Buchner, Executive Director, Climate Finance Climate Policy Initiative Moderator
Coffee and light lunch will be provided at this event.