In September this year the UK and Rwanda hosted the second climate and development ministerial. Supported by a group of non state climate experts, they convened a discussion of progress and gaps in climate finance, wider debt and fiscal sustainability, access to finance, and responding to climate impacts.
Out of the dialogue ministers and heads of finance institutions called for three transformational shifts in the way we resource climate and development goals:
- reforming the global finance architecture to better manage risk
- towards national platforms for speedier access to better quality finance, and
- innovating to improve the scale and composition of climate finance
Based on the actions called for at the ministerial, the independent group of experts, including representatives from E3G and 11 other global organizations, have prepared a forward plan of time-bound actions to deliver on these transformational shifts. Continuing the C&DM process offers an opportunity to take stock of these actions and integrate with other leadership agendas as emerging from the COP27 Summit and looking ahead to India’s climate and development finance agenda in 2022.
Read the forward plan below: