What is COP27?
The 27th United Nations Climate Change Conference, also referred to as Conference of the Parties of the UNFCCC, or COP27, will be held from 6 to 18 November 2022 in Sharm El Sheikh, Egypt. The conference has been held annually since the first UN climate agreement in 1992. Each year, the “parties” gather to discuss how to jointly limit global temperature rises and adapt to climate change impacts.
Linking INFFs and NDCs
At COP26 in Glasgow last year, 153 countries put forward new emissions targets through nationally determined contributions (NDCs). Realising NDCs will require investment from a range of public and private sources. Integrated national financing frameworks - or INFFs - provide a platform for mainstreaming NDCs and other energy, climate or related priorities within national financing strategies.
Currently, governments in 86 countries are using INFFs to understand better the scale and types of financing needed to achieve national sustainable development plans. They are putting in place financing strategies and reforms to increase investment, boost impact, manage risk and overcome short-termism.
A growing number of countries are connecting their NDCs with INFFs. Results from the 2022 State of INFFs survey highlight 13 countries where financing strategies will mainstream NDCs and another 15 countries where financing strategies support national development plans that prioritise NDCs.
These numbers are growing. Of the more than 250 INFF-driven financing reforms, many focus on mobilising and aligning capital with green objectives.
What can you expect from this event?
This COP27 side event will provide a forum for senior government leaders to share their experience using an INFF process to finance their NDC and national green agenda.
You can expect to learn:
- the interlinkages between INFFs and NDCs and the potential for INFFs to strengthen NDC financing
- how INFFs are helping countries innovate and overcome bottlenecks and obstacles in financing NDCs
- the different types of global support for financing NDCs through INFFs, e.g. through the INFF facility and UNDP’s Climate Promise
We hope this event sparks important discussions about how INFFs can be used in national contexts to finance commitments under the Paris Agreement and accelerate progress towards net zero.
Our speakers
- Catherine Diam-Valla, Climate Change Technical Specialist, UNDP
- Joanne Manda, Senior SDG Investment Advisor, UNDP Africa Sustainable Finance Hub
- Stephen Mouba, Director-General of Environmental and Nature Protection, Ministry of Environment, Gabon
- Sanjay Bhowmic, Additional Secretary, Forest & Climate Change, Ministry of Environment, Bangladesh
- Thierry Watrin, Green Economy and Climate Change Advisor, Ministry of Finance and Economic Planning, Rwanda
- Stefano Signore, Head of Unit on Climate Change and Sustainable Energy; Nuclear Safety, European Commission
How can I attend?
If you are in Sharm El Sheikh for COP27, please join us in person at the UNDP Pavilion in the Blue Zone.
If you are not attending COP27 this year, join us via livestream.