08.05.2024 - 8.05.2024, Online (Zoom)

Shifting the Trillions - Civil Society Expert Dialogue on Climate and Development Finance

VENRO

Achieving the United Nations (UN) Sustainable Development Goals (SDGs) and meeting the Paris Climate Agenda will require an estimated six trillion US-Dollars in new investments annually by 2030. An increasingly competitive geopolitical environment, rising debt burdens and decreasing international development assistance (ODA) add to the daunting task to raise additional funds. At the fourth UN Financing for Development (FfD) conference in June 2025 and the UN Climate Conference (COP) in November 2024, heads of states and government will have to take decisive and ambitions actions to substantially increase international financing for sustainable development.

Climate finance and development finance become increasingly interlinked as the impacts of climate change on food security and health become more apparent. Adapting to and mitigating these impacts will require integrated, holistic approaches and financing instruments. In our dialogue we want to identify important structural constraints to raising more funds for climate and development. We also want to discuss key challenges, such as the "crowding out" of ODA for climate finance, and ideas for "joint" climate and development finance instruments. Finally, we will work towards joint policy recommendations for COP29 and the fourth UN FfD conference.

We are looking forward to your participation!

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