UNFCCC Workshop Discusses Scaling Up Long-term Finance

11 July 2012: A total of 140 representatives from governments, major financial institutions, private sector entities and civil society, participated in the UNFCCC workshop on long-term finance. The event aimed to discuss key issues for scaling up finance mobilization for climate change.

The workshop was held in Bonn, Germany, from 9-11 July 2012. Speaking in the event, UNFCCC Executive Secretary Christiana Figueres underscored that the meeting provided a forum for stakeholders to "think outside the box," explore creative options on financing for climate change and "pave the way for stronger climate action."

Workshop participants addressed, inter alia: the scale of finance related to developing countries' needs; potential sources of climate finance in the longer-term; innovations and options for mobilizing climate finance from multiple sources; and lessons learnt from fast-start-finance. The exchanges were based on relevant technical documentation, including the UN Secretary-General's High-level Advisory Group on Climate Change Financing and the G20 report on mobilizing climate finance.

Emphasis was put in facilitating stakeholders' participation by providing the opportunity to follow the workshop through live webcast and social media, and interact by sending material and questions through an online platform on the UNFCCC website. Co-Chair Georg Børsting stressed that the intention to draw in relevant stakeholders will continue throughout the year. For that purpose, webinars and e-fora will be organized, while questions and comments can continue to be posted via the UNFCCC online platform and social media.

This workshop was the first of two interactive workshops on long-term climate change finance to be held this year, which were requested by governments as part of a work programme on long-term climate finance agreed at the UN Climate Change Conference in Durban, South Africa, in 2011. The report of the workshop will be presented at the 18th session of the Conference of the Parties to the UNFCCC (COP 18) to be held in Doha, Qatar, at the end of the year. [UNFCCC Press Release] [Workshop Website]