On the first day of week 2, ECO would like to help answer a crucial question: what actually makes climate finance predictable? Well, ECO definitely thinks that part of the answer is for countries to provide the relevant information to show how they intend to scale up climate finance.
ECO 7, SB48, English
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Yesterday, 105 non-Party stakeholders and 210 Party representatives came together for the Talanoa Dialogue. Fighting negotiation fatigue, vitamin D deficiency, and hangovers from the CAN party the night before, these gallant individuals approached the dialogue with open hearts and minds.
ECO congratulates Mr. Michał Kurtyka on his nomination as the COP24 president and looks forward to the opportunities this week brings for Parties and civil society to meet the upcoming presidency. With high stakes for this year’s COP – both in relation to the level of ambition and to the implementation of the guidelines, the Polish leadership will be key to the success of COP.
For too long donor reports on climate finance have been based on a mishmash of approaches and some questionable methodologies. This resulted in over-counting support in many donor reports. Reaching an agreement on a new set of rules at COP24 presents a long overdue opportunity to address this and build confidence that the US$100 billion commitment will be met in a fair and robust way.
We can see you’re a little nervous, jittery even.
During the first week of negotiations, APA item #5 on the enhanced transparency framework discussed the facilitative and multilateral approach to progress and whether the registered observers would be allowed to contribute and provide added-value to the process by posing questions to Parties.