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COP29 Trade and Investment House event: What do developing countries need from global financial architecture reform?


COP29 Trade and Investment House event: What do developing countries need from global financial architecture reform?
19 November 2024
17:00 - 18:00 hrs. Trade and Investment House, Blue Zone. Area E, Pavillion B4
Baku
, Azerbaijan

While external to the UNFCCC negotiations, broader global economic governance reform has a key role to play in enabling or hampering developing countries’ climate plans. Without efforts to realize a pro-development global financial architecture, anticipated financial need will only grow, Paris Agreement targets will flounder, and development will continue to stall.

This event will discuss the main elements of a GFA reform that can foster climate-resilient development for developing countries, in the context of the NCQG negotiations and the Sharm el-Sheikh Dialogue on Article 2.1c. The event aims to build links between the agreed outcome on the NCQG at COP 29, ongoing global reform efforts and collective efforts to raise ambition on the road to COP 30.

Confirmed speakers:

  • Ana Toni, National Secretary for Climate Change at the Ministry of Environment and Climate Change of Brazil
  • Igor Paunovic, UN Trade and Development (UNCTAD)
  • Fadhel Kaboub, Global Institute for Sustainable Prosperity
  • Rishikesh Ram Bhandary, Boston GDPC

Moderator: Alejandra Lopez Carbajal, Head of climate diplomacy, Transforma

Sponsor / funding:
Open Society Foundations; Climate Emergency Collaboration Group.

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