This London Climate Action Week event organised by E3G set out how Multilateral Development Banks (MDBs) have a critical role in implementing the Paris Agreement. The support they can provide for creating and implementing national Long Term Strategies (LTS) is a key part of that.
Nada Tawfik from the Egyptian COP27 Presidency made clear how COP27 will be about going from pledges to implementation, and how MDBs are already doing a lot of valuable financing and technical assistance but still nowhere near enough.
Marcella Jaramillo from 2050 Pathways Platform explained how 60 countries around the world are working on Long Term Strategies. Many are expected to submit this year, so time is of the essence – and many existing LTSs need to be improved.
Daniel Themen from EIB explained that the Joint MDB LTS Facility that is being explored will look at both the upstream development of LTSs and the downstream financing strategies to help turn them into reality.
This was echoed by Jan-Willem van de Ven from EBRD, who added that Long Term Strategies need to be broken down into national sectoral pathways. He also talked of the value of working with OECD, NDC Partnership, 2050 Pathways Platform, and CSOs.
Questions from the audience indicated fatigue around national strategy drafting when the international climate and development finance was not forthcoming to support implementation.
Tom Evans of E3G ended the webinar by setting out the timeline and pressure in the run-up to COP27 and COP28, and the key deadline in September for submission of LTSs. Sonia Dunlop wrapped up by underlining the transformational impact of upstream LTS work and the need to support these efforts.
- Chaired by Sonia Dunlop, Programme Lead, Public Banks and MDBs, E3G
- Nada Tawfic, Senior Advisor on Strategic Planning, Ministry of International Cooperation, High level committee for COP27 Preparation, Egypt
- Marcela Jaramillo Gil, 2050 Pathways Platform
- Jan-Willem van de Ven, Head of International Climate Policy and Engagement, EBRD
- Daniel Themen, Senior Climate Change Specialist, EIB
- Tom Evans, Researcher, Climate Geopolitics and Diplomacy, E3G