United Nations
Work area(s)
Teaser
Ahead of COP27, the UN system, leveraging its convening power, network of experts and influencers at regional levels, will partner with the incoming Egyptian Presidency of COP27 and the UN Climate Change High-Level Champions for COP26 and COP27 to organize a series of five regional forums on “Towards COP27. The Economic Commission for Latin America and the Caribbean proposes to address the region’s energy transition as the thematic focus of the Roundtable on Climate Finance, in consideration of both the short-term impacts of the conflict between the Russian Federation and Ukraine on global energy prices and of the medium and long-term potential of the sector for job creation, productive change and the reduction of greenhouse gas emissions, in accordance with the Paris Agreement.
Event information
Date
Event type
Participation
Ahead of COP27, the UN system, leveraging its convening power, network of experts and influencers at regional levels, will partner with the incoming Egyptian Presidency of COP27 and the UN Climate Change High-Level Champions for COP26 and COP27 to organize a series of five regional forums on “Towards COP27: Regional Forums on Climate Initiatives to Finance Climate Action and the SDGs” bringing together key stakeholders from public and private sectors, to catalyze additional private sector investment in climate mitigation and adaptation in line with the SDGs. Participants, including public and private financial institutions and countries, initiatives and organizations preparing projects will work together to identify and address financing bottlenecks, to showcase and learn from success stories of private sector investment and share investment-ready climate initiatives in Member States to spur further investment.
The regional forums will focus on convening development cooperation partners and private sector representatives together with countries, initiatives and platforms looking to raise capital for climate investments to foster greater understanding, bridge the gap between investors and projects in need of investment and ultimately catalyze increased investment in critical climate projects.
The round table in Latin America and the Caribbean will be an opportunity to examine priority areas for the region, such as the energy transition, electromobility, strategic minerals and the resilience of Caribbean small island developing states (SIDS). The event will bring together government officials, policymakers and experts, as well as high-level representatives of international organizations, financial institutions, and regional and global companies, to discuss a range of climate transition and resilience projects and define practical steps and commitments for implementing and financing them, for presentation at the COP 27.
What are the event objectives?
- Facilitate engagement with a broad set of partners and stakeholders, to accelerate public and private investment in concrete initiatives, platforms, and projects, and identify and encourage policy actions that correspond to the region’s sustainable energy transition and narrow the current gap in Paris-aligned financial flows.
- Address barriers to access to financing for development in the different subregions of Latin America and the Caribbean and consider current financing and debt challenges.
- Identify and share climate finance and investment opportunities that also support the acceleration of the region’s sustainable energy transition
- Highlight successful examples of countries leveraging investment opportunities for climate action as well as financial institutions and investors turning climate commitments into action and financial flows.
- Connect representative groups of development partners, governments, and private sector investors to propose and consider concrete instruments and initiatives that accelerate action towards the goals of the Paris Agreement and the 2030 Agenda for Sustainable Development.
Preliminary program
Day 1
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TIME & ACTIVITY |
FLOW |
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9:00 – 10.00 Opening ceremony
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10:00 – 11.30 Energy transition roundtable
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Moderation and introductory remarks on a just and equitable energy transition in LAC
Facilitated discussion where representatives of the energy and finance ministries, and relevant financial institutions present project portfolios on the energy transition, highlighting opportunities for investments. Cases:
Q&A with financial institutions other stakeholders to define their interest to be engaged in portfolio development and financing.
4. Wrap up, agreements and road map to COP27 |
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11.30 – 12:00 Coffee break |
Networking |
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12:00 – 13.30 Electromobility roundtable
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Moderation and introductory remarks on the value chains for urban electromobility in LAC
Facilitated discussion where representatives of national and subnational governments and relevant financial institutions, present project portfolios on the electromobility value chain development, highlighting opportunities for investments. Cases:
Q&A with financial institutions and other stakeholders to define their interest to be engaged in portfolio development and financing.
Wrap up, agreements and road map to COP27 |
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13.30 -14.30
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Lunch |
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14.30- 16.00 Presentations by development banks on relevant climate financing project pipelines
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Moderation and introductory remarks
Presentations:
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16.00-16.15 Wrap up and closing remarks |
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16.15 – 18.00 Cocktail |
Networking |
Day 2
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TIME & ACTIVITY |
FLOW |
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9:00 – 10:30 Sustainable and equitable critical and strategic mineral supply chains for the energy transition Roundtable
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Moderation and introductory remarks on sustainable and equitable critical and strategic mineral supply chains for the energy transition in LAC
Facilitated discussion where representatives of ministries of mining and relevant financial institutions present project portfolios on mining value chain development, highlighting opportunities for investments. Presentations:
Q&A with financial institutions and other stakeholders to define their interest to be engaged in portfolio development and financing.
Wrap up, agreements and road map to COP27
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10:30 – 10:45 Coffee break |
Networking |
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10:45 – 12:15 Presentation of initiatives on Climate financing for resilience in Caribbean SIDS and other vulnerable states |
Moderator: Dillon Alleyne, Deputy Director of ECLAC Subregional headquarters for the Caribbean
Exchange with financial institutions and other stakeholders
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12.15- 12.30 Closing remarks and next steps towards COP 27 |
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Practical information
September 1 -2, 2022
Celso Furtado conference room, ECLAC, Santiago, Chile
September, 1rst 2022 - 9:00- 17:00 CLT time
September, 2nd 2022 - 9:00- 17:00 CLT time
Meeting Number: 829 9518 6574
Meeting Password: 792349
Go to: https://cepal-org.zoom.us/webinar/register/WN_ghcCV-KVTWWF8WsUc1l6Sw
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