In partnership with the UK Foreign, Commonwealth and Development Office (FCDO), the Department for Energy Security and Net Zero (DESNZ), the International Institute for Environment and Development (IIED), Third Generation Environmentalism (E3G) and SouthSouthNorth (SSN)
Introduction and Background
- This Wilton Park event brought together a range of policy makers and technical experts to progress the goals agreed at the Third Climate and Development Ministerial (C&DM3) in October 2023.
- The meeting brought together participants from Least Developed Countries (LDCs), Small Island Developing States (SIDS), bilateral climate finance providers, development finance institutions, climate funds, private sector representatives (insurers, asset managers, banks) and civil society organisations.
- The Climate and Development Ministerial process was initiated in 2021 by the UK as COP26 President designate to bring together climate and development ministers to better address the priorities of climate-vulnerable countries.
- In October 2023, in the lead up to their COP28 Presidency, the UAE, alongside the UK, Vanuatu and Malawi, hosted C&DM3 to agree a shared approach to reforming the adaptation finance architecture.
- Technical and political C&DM discussions led to the drafting and launch of a vision and three thematic workstreams:
- Enhancing country-owned programmatic financingÂ
- Easing access to adaptation finance
- Scaling finance from all sources
- Thirteen countries and institutions have endorsed this vision and committed to work together as a coalition to drive forward progress and report back at the 2024 Climate and Development Ministerial (date and location to be confirmed).
- This Wilton Park event focused on how to further progress the three thematic workstreams agreed at C&DM3 ahead of the 2024 Ministerial meeting.