Coherent Identifier About this item: 20.500.12592/83vzkv

CLIMATE FINANCE: ISSUES FOR COP26 CONTEXT

16 June 2021

Summary

The proposed decision, which was not adopted, would have invited Parties’ views via submissions on the The 2020–25 transition period and post-2025 goal will implementation of the goal of mobilizing US$100 billion be discussed across three agenda items at COP26: per year by 2020 and future of the LTF program.7 • the COP agenda item taking up long-term climate The lack of an agreed clear definition. [...] Implementation (SBI) agenda item THE POST-2025 GOAL • create an ad hoc working group or work program under the CMA The mandate for the post-2025 goal has the following key • mandate the SCF to consider the issue elements: • agree to informal workshops • deliberations are to be initiated by CMA3 in Glasgow • agree on a timetable/roadmap. [...] As to the • taking into account the needs and priorities of devel- process for those deliberations, unless decided otherwise, oping country Parties per Article 9.3 the default position would seem to be for the topic to be • consideration of making finance flows consistent taken up again under the same agenda item at CMA4. [...] • how and when to engage the political level Another option could be to mandate the SCF to • the structure and content of the goal consider the post-2025 goal and report to the CMA. [...] As to the modalities for formal and/or informal min- isterial engagement and interaction with the technical level, there are a number of options: • the COP Presidency could convene and chair minis- terial meetings • a minister or pairs of ministers could be asked to facilitate meetings or conduct consultations • ministers could be asked to provide guidance to the technical level on specific issues.

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C2ES
Center for Climate and Energy Solutions

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