UNPACKING OCEAN FINANCE FOR CLIMATE ACTION: A ROADMAP FOR THE UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE (November 2024

This requires provision and mobilisation of public financial resources clarification, especially since Parties were invited to to developing countries as support for climate action strengthen ocean-based climate action, last year, in the through a variety of channels in accordance with Articles outcomes of the first Global Stocktake of the Paris 4 and 11 of the UNFCCC, and Article 9 of the Paris A. [...] Loss and vulnerable to the adverse is the total amount of Damage (FRLD) effects of climate change in commitments responding to economic and non-economic loss and damage associated with the adverse effects of climate change, including extreme weather events and slow onset events [15] 5 Ocean-Related Climate Finance within the UNFCCC Process The UNFCCC has only one officially mandated process The di. [...] The technical part concluded new goal reflect the ‘exigent need’ to support the with publication of the work programme’s Co-Chairs implementation of current climate strategies, many report [24] in October of this year, marking the transition of which include ocean-based measures, and to the political phase. [...] This strengthened the third pillar of the RECOMMENDED ACTIONS: Issuance of initial guidance to the Fund: At COP 29, Parties will consider the first annual report of the Fund and issue some initial guidance to the Fund [40]. [...] The New Collective Quantified [20] These are the Conference of the Parties (COP), the Goal on Climate Finance and Its Access Features: Conference of the Parties serving as the meeting of the Operationalising “enhanced Access” to Climate Finance.