Race against the clock for climate finance  
Race against the clock for climate finance
Ahead of COP23, the UN climate talks to take place next November in Bonn, cities and regions have gathered in Agadir together with a wide range of stakeholders to discuss the climate agenda. And climate finance is on top. The Climate Chance Summit is the annual meeting point for non-state actors to define the most pressing issues to be addressed at UN's COP negotiations.
 
Marco Dus (IT/PES) has been the CoR representative at the Climate Chance Summit in Agadir (11-13 September 2017), the largest gathering of climate actors before COP23. The 23rd United Nations Climate Change Conference in Bonn will take place from 6 to 17 November 2017. Marco Dus, member of the Vittorio Veneto Municipal Council presented his upcoming opinion on financing climate action. Dus stressed the urgency to develop innovating financing schemes to facilitate cities and regions access to funding. The rapporteur recalled that 'it is essential to mobilise sufficient financial resources to turn the Paris commitments into practice'.
 

About his upcoming opinion on climate finance, Dus said 'The opinion addresses the key strengths and limitations of the existing financing instruments. It formulates proposals on how to make the financing system more solid and more easily accessible to cities and regions. This opinion will represent the CoR's position on climate finance and will be defended at the upcoming COP23 in Bonn'.

The event 'Enhancing the potential of climate action partnerships' has been organised by the International Climate Governance Coalition, a joint venture of the European Committee of the Regions, the European Economic and Social Committee, the Organisation for Economic Cooperation and Development (OECD) and Comité 21 – the French Committee for Sustainable Development . Their ultimate objective goal is the development of a new multi-level and multi-stakeholder governance for the implementation of the Paris Agreement.

Brenda King , member of the EESC and President of the Sustainable Development Observatory joined Dus in Agadir. King said: 'Policy-makers are still unaware of the potential of civil society in climate action. The EESC has the priority to demonstrate the potential of non-state actors to significantly contribute to meeting the objectives of the Paris Agreement, as well as to point to the obstacles and conditions for success of effective multi-stakeholder and multi-level governance cooperation'. These objectives are gathered in the EESC opinion ' coalition to deliver the commitments of the Paris Agreement ' adopted in July 2016.

Marco Dus also presented the provisional findings of the Coalition's mapping report of multi-level and multi-stakeholders governance of climate change. The following factors proved to be particularly important: political commitment as a key to make public funds available and facilitate access to it; clear legal frameworks that reduce uncertainty and build trust between partners; adaptive and flexible management approaches; and public awareness and community involvement. Dus called the audience in Agadir to provide comments and contributions to the report which final version will be available for COP23 in Bonn.

The International Climate Governance Coalition is to deliver practical solutions to boost climate action: a toolbox for climate partnerships, recommendations on climate finance, examples for scaling, replicating and extending adaptation and mitigation projects and support for the creation of new multi-stakeholder platforms dedicated to climate and sustainable development.

Note: The Climate Chance Summit brings together a large majority of non-state actors worldwide upstream of the UN Climate Conferences. It provides an opportunity to discuss thematic coalitions, share best practices and concrete actions and measures put in place by these actors to combat climate change ahead of the COP climate talks. Climate Chance 2017 website.

Contact: David Crous david.crous@cor.europa.eu +32 470 88 10 37