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TopicsRelevant UNFCCC workstreamUK COP26 Presidency workplanNational level advocacyInternational level advocacy engagementPolicy engagement and monitoring for COP26 agenda
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Debt/Debt is mentioned 10 times in the COP26 Presidency public climate finance priorities document[i]Highlight debt and climate dynamics in meetings, and call for messaging to be included in HoS/HoG[ii] speechesHighlight debt and climate messages during the G20 and Annual World Bank and IMF meetings/
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US$100 billion goal (quantity)- Post-2025 climate finance goal
- Climate finance -Review of the UNFCCC’s financial mechanisms
- Climate finance delivery plan from developed countries
- Taskforce on access to climate finance
- Highlight developing countries’ need for finance ministries to approve more climate finance to be disbursed, particularly for finance to address loss and damage (L&D)
- Highlight the need for countries to call for PDBs to do more to support adaptation, provide finance to address L&D, and to end fossil fuel finance
- Highlight the need for more climate finance grants, and to end fossil fuel financeMonitor all UNFCCC technical sessions (<<<), and provide technical input to these sessions where CSO input is possible
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Transparency, monitoring and reportingCommon
Tabular Formats (CTF) on financial support
Same as UNFCCC workstreamHighlight the need for coherency between UNFCCC and OECD DAC reporting templatesHighlight the need for greater transparency on finance flows to help create clarity on the additionality of climate finance, and contribute to reducing double-countingShare technical input (where CSO input is possible), on what should go in the CTF tables
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Finance to address Losses and Damages (L&D)There’s currently no standing agenda item on L&D, despite Article 8 of the Paris Agreement being on L&DMobilise finance to achieve the existing global climate finance goal & bring PDBs* on board- Highlight losses and damages and the need for finance to address losses and damages (L&D).
- Encourage ministries to include language on L&D in HoS/HoG speeches during international meetings
- Highlight losses and damages and the need for finance to address losses and damages (L&D)Monitoring how finance to address loss and damage is reflected in COP26 decisions, if at all. Specifically, COP26 decisions on post-2025 climate finance, Review of the UNFCCC’s financial mechanisms
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Adaptation finance- SOP* from Carbon Markets
- Adaptation Fund Review
- Review of the UNFCCC’s financial mechanisms
- Adaptation Action Coalition[iii]
- Call for scaled-up adaptation finance and for private sector investment in adaptation and resilience, including at a local level
- Highlight need for more finance for the Adaptation Fund so it can support community resilience to climate impacts on food and water security
- Highlight the need for human and gender rights to be upheld when carbon markets are used
Highlight need for more adaptation finance grants to support community resilience to climate impacts on food and water securityShare technical input (where CSO input is possible) on the discussions on the UNFCCC’s financial mechanisms to try and get language on more grants for adaptation activities
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Fossil fuel financeImpacts of implementation of response measures/Highlight the impacts of fossil fuel finance and the need to end fossil fuel financeMonitor discussions on energy, fossil fuels, just transition
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Private financeWhilst not formally an agenda item at COP26, it is conceivable to assume that private finance will be brought up in the following areas:
- Post-2025 climate finance goal
- Climate finance
- Extensive private finance strategy[iv]
- Point 4 of public climate finance priorities: Mobilised private climate finance[v]
- The Coalition for Climate Resilient Investment (CCRI)
- Glasgow Financial Alliance for Net Zero to mobilise private finance into developing countries
- Highlight the impacts of private finance when used for public goods projects e.g. water, healthcare, schools etc
- Highlight the need to, at a minimum, follow the Kampala Principles on Effective Private Sector Engagement through Development Co-Operation[vi]
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Needs of climate-vulnerable communities- Matters relating to the least developed countries
- SCF* report on determining the needs of developing countries
- Review of the UNFCCC’s financial mechanisms
Taskforce on Access to Climate Finance[vii]Highlight adaptation needs and loss and damage impacts, and thus the need for finance to address losses and damages, and more adaptation finance to support greater community resilience to climate impacts on food and water securityEncourage IMF and WB European Executive Directors to speak to their counterparts in their national ministries working on COP26 so that there can be greater synergies between bilateral climate finance and climate finance flows via PDBs/IFIsShare technical input (where CSO input is possible) on the discussions on the UNFCCC’s financial mechanisms to try and get language on more grants for adaptation activities
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Gender equality and women’s engagementGender Action Plan (GAP) updated COP24 plan – Not on COP26 agendaPriority 11 on climate finance: Improving the gender-responsiveness of climate financeHighlight the need for gender-responsive climate finance and to, at a minimum, implement the UNFCCC GAPHighlight the need for gender-responsive climate finance, the need to uphold the UNFCCC GAP and the need to develop gender and social plans for projectsMonitor climate finance announcements to determine gender-responsiveness of the national level implementation of the UNFCCC GAP
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Global stocktake (GST)Sources of input to the GST on financial supportSame as UNFCCC workstreamHighlight what sources of input on financial support should be taken into account in the GSTHighlight that their monitoring and reporting systems need to be strengthened to reflect upon social and environmental impact too. Since their finance flows may be used as sources of input to the GSTMonitor which sources of input are finally agreed upon. These are what will be used to track progress towards achieving the PA’s goals.
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[i] COP26 Presidency. ‘Priorities for public climate finance in the year ahead’. Accessed 28 September 2021. https://ukcop26.org/wp-content/uploads/2021/01/PRIORITIES-FOR-PUBLIC-CLIMATE-FINANCE-IN-THE-YEAR-AHEAD.pdf
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[ii] Head of State (HoS)/Head of Government (HoG).
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[iii] GOV.UK. ‘Adaptation Action Coalition: An Overview’. Accessed 28 September 2021. https://www.gov.uk/government/publications/adaptation-action-coalition-an-overview
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[iv] Carney, Mark. ‘Building a Private Finance System for Net Zero: Priorities for private finance for COP26’. Accessed 28 September 2021. https://2nsbq1gn1rl23zol93eyrccj-wpengine.netdna-ssl.com/wp-content/uploads/2020/11/COP26-Private-Finance-Hub-Strategy_Nov-2020v4.1.pdf
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[v] Ibid 137. https://ukcop26.org/wp-content/uploads/2021/01/PRIORITIES-FOR-PUBLIC-CLIMATE-FINANCE-IN-THE-YEAR-AHEAD.pdf
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[vi] Global Partnership for Effective Development Co-Operation. ‘Kampala Principles on Effective Private Sector Engagement through Development Co-Operation’. Accessed 28 September 2021. https://www.effectivecooperation.org/content/kampala-
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Principles-effective-private-sector-engagement-through-development-co-operation
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[vii] COP26 Presidency and the Republic of Fiji. ‘Taskforce on Access to Climate Finance’. Accessed 28 September 2021. https://2nsbq1gn1rl23zol93eyrccj-wpengine.netdna-ssl.com/wp-content/uploads/2021/08/First-Steering-Committee-Meeting-Summary.pdf
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