Next Up: Finance in Addis Ababa
11 June 2015
After 11 days of negotiations here in Bonn, Parties are longing for a change of scenery, and we have just what you need: the third Financing for Development (FfD) Conference will take place in Addis Ababa from July 13 – 16.
So what the relevance is of the FfD to the work on the road to Paris? Here are some key points:
FfD will set the tone for international ambition on key issues around sustainable development, including climate action. In other words, a good outcome from FfD will help advance efforts in the UNFCCC.
The FfD is an opportunity to integrate climate change objectives into all flows of development finance, or as the buzz term of the season puts it, ‘climate proof’ this funding. ECO endorses this as long as specific climate finance continues to be delivered and scaled up on top of climate proofed development finance.
The Conference outcomes will play a supporting role in some of the key issues associated with climate action. For example, phasing out fossil fuel subsidies, increasing the profile of innovative sources of finance, exploring private sector accountability, designing measuring, reporting and verifying mechanisms for finance, and ‘shifting the trillions’.
The FfD Conference is a prime opportunity for both finance ministers and Heads of State to demonstrate strong global solidarity in the fight against poverty, inequality and climate change. So, log 13-16 July in your diaries, it’s an event not be missed.