International Dialogue on Enhancing Ambition through Climate Finance
The International Dialogue on Enhancing Ambition through Climate Finance was held on the margins of the U.N. Climate Summit in New York City, on September 24, 2014. Organized by CCAP in partnership with the governments of Colombia and the UK, and hosted by the Rockefeller Brothers Fund, the event brought together key representatives to the UNFCCC, the Green Climate Fund (GCF), and climate finance experts to discuss off-the-record how the 2015 Paris agreement can promote climate ambition through the effective use of climate finance. The dialogue was convened with the generous support of Germany’s International Climate Initiative and the Belgium Ministry of FPS Health, Food Chain Safety & Environment.
The dialogue showcased examples of INDCs currently under development in Colombia and Chile, and highlighted how the Germany-UK NAMA Facility and the Climate Investment Funds have catalyzed additional public and private sector investment. Participants exchanged knowledge about the current state of play in the GCF, the status of intended nationally determined contributions (INDCs), and the state of the UNFCCC negotiations, and explored the relationship between them. In addition to providing a forum for different stakeholders to collaborate across their areas of expertise, this dialogue explored how the design of the GCF and the UNFCCC negotiating text offer opportunities to mobilize greater levels of climate finance from public and private sources.