Presentation is loading. Please wait.

Presentation is loading. Please wait.

Strengthening the International & National Financial Architecture for SIDS Lia Nicholson, Project Consultant Department of Environment Antigua and Barbuda.

Published byHoward Cody Harrell Modified over 5 years ago

Similar presentations

Presentation on theme: "Strengthening the International & National Financial Architecture for SIDS Lia Nicholson, Project Consultant Department of Environment Antigua and Barbuda."— Presentation transcript:

1 Strengthening the International & National Financial Architecture for SIDS Lia Nicholson, Project Consultant Department of Environment Antigua and Barbuda

2 “Financing the Resilience of SIDS” – Antigua, May 21/22
Context The next decade is critical if the world is to prevent the most catastrophic impacts of climate change 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22 Source: UNEP Emissions Gap Report, 2017

3 “Financing the Resilience of SIDS” – Antigua, May 21/22
Context The amount of investment required is in the trillions 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22 Source: Standing Committee on Finance 2016 Biennial Assessment of Climate Finance

4 “Financing the Resilience of SIDS” – Antigua, May 21/22
Challenges How do we leverage limited finance for large-scale, transformational impact to mitigate emissions and reduce climate risk? How can SIDS remain relevant, benefit from, and drive change in the international financial architecture? “Financing the Resilience of SIDS” – Antigua, May 21/22 St. John’s, Antigua

5 ‘Best’ Practice – Align with national development
National Climate Targets National Development Targets Sustainable Integrated Water Resources Management Extent to which Antiguans and Barbudans participate in the ownership of large scale Transformational enterprises Competitiveness Conditions in the Utility Sector # of days available water supply Adaptation Climate proofing critical services Mainstreaming in financial flows, designing financial products Cross-cutting Align climate projects with national development targets RE energy policy reform Mitigation Circular economy for waste 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

6 ‘Best’ Practice – National Financial Architecture e. g
‘Best’ Practice – National Financial Architecture e.g. Antigua and Barbuda RE energy policy reform (SAP) International Entities Mitigation Department of Environment (DOE) Accredited Entities Circular economy for waste Private Sector Entity Mainstreaming in financial flows, designing financial products (SAP) Office of the Prime Minister Cross-cutting Ministry of Finance Executing Entities Design a national financial architecture for climate finance Sustainable Integrated Water Resources Management Ministry of Works Adaptation Public Utility Climate proofing critical services 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

7 Capitalize National Funds – an international best practice
Over 30 countries have national funds Channeling finance and linking international and domestic priorities Leverage private sector involvement Increase domestic coordination Recipient countries determine priorities, disbursements and accounting, using international best practice 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

8 ‘Best’ Practice – Transforming enabling conditions
10+ years of GEF as executing entity Adaptation Fund accreditation in 2015 AF project approved in March 2017 Green Climate Fund accreditation in October 2017 GCF project approved in March 2018 National Adaptation Planning Readiness (US$3 million) Programmatic Readiness proposal 1 (US$300,000) Country Programme; NDA Strengthening This process has made A&B a great partner Readiness proposal 2 (US$625,000) Accreditation; Enhancing Direct Access project preparation; Training Project-by-project 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

9 Case Study 1: Flooding in a vulnerable village
11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

10 Case Study 2: GCF Eastern Caribbean Enhancing Direct Access project
USD 20 M Pilot in 3 countries OECS Commission M&E 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

11 Case Study 3: Scalability and transformation
11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

12 South-South Cooperation
11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

13 Build resilience in delivery systems
Constant requests for attending meetings and offers of support – financial, technical, other. Now we have a framework to plug these requests into, and to move our action agenda forward 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

14 Actionable Recommendations
International Predictability of approval and disbursement Develop and promote direct access to finance Support countries to drive their national resilience agenda Increase accountability of finance Sunset clause Post-disaster debt relief clauses should be the norm 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

15 Actionable Recommendations
National Align resilience targets and the national development strategy Develop a national financial architecture to deliver climate finance – public, private, community Ministry for Environment meets environmental and social safeguard requirements National funds can efficiently access and programme funds, and leverage local capital M&E is key for financial accountability 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

16 “Financing the Resilience of SIDS” – Antigua, May 21/22
Contact @AandBEnviron facebook.com/AandBEnviron Antigua Barbuda Department of Environment 11/23/2018 “Financing the Resilience of SIDS” – Antigua, May 21/22

Download ppt "Strengthening the International & National Financial Architecture for SIDS Lia Nicholson, Project Consultant Department of Environment Antigua and Barbuda."

Similar presentations

The EU Adaptation Strategy

The EU Adaptation Strategy
United Nations Environment Programme. UNEP’s Work to Advance the Preparation and Implementation of National Adaptation Programmes of Action 3 September.

United Nations Environment Programme. UNEP’s Work to Advance the Preparation and Implementation of National Adaptation Programmes of Action 3 September.
USE OF COUNTRY SYSTEMS TO MANAGE CLIMATE CHANGE PAUL STEELE, UNDP.

USE OF COUNTRY SYSTEMS TO MANAGE CLIMATE CHANGE PAUL STEELE, UNDP.
THE GREEN ECONOMY TRANSITIONING TO A NEW DEVELOPMENT PARADIGM Presenter: Dr. Justine Ram Designation: Director, Economics Department Date: 24 February,

THE GREEN ECONOMY TRANSITIONING TO A NEW DEVELOPMENT PARADIGM Presenter: Dr. Justine Ram Designation: Director, Economics Department Date: 24 February,
Vietnam’s Green Growth Pathway: Taking Stock and Setting Future Directions L aunch of the MPI-USAID-UNDP Initiative on “Strengthening Capacity and Institutional.

Vietnam’s Green Growth Pathway: Taking Stock and Setting Future Directions L aunch of the MPI-USAID-UNDP Initiative on “Strengthening Capacity and Institutional.
June, 2003 Poverty and Climate Change Reducing the Vulnerability of the Poor through Adaptation Poverty and Climate Change Reducing the Vulnerability of.

June, 2003 Poverty and Climate Change Reducing the Vulnerability of the Poor through Adaptation Poverty and Climate Change Reducing the Vulnerability of.
Common recommendations and next steps for improving local delivery of climate finance Bangkok, October 31, 2012.

Common recommendations and next steps for improving local delivery of climate finance Bangkok, October 31, 2012.
Multilateral and bilateral development financing mechanisms that integrate climate change and key issues in making these programmes more effective Phil.

Multilateral and bilateral development financing mechanisms that integrate climate change and key issues in making these programmes more effective Phil.
The Climate Change Near-Term Priority Flagship Programmes & Climate Funding Gauteng Provincial Climate Change Forum June 24 2015 Climate Change and Air.

The Climate Change Near-Term Priority Flagship Programmes & Climate Funding Gauteng Provincial Climate Change Forum June Climate Change and Air.
Robust institutional arrangements for national mitigation efforts Karen Holm Olsen & Miriam Hinostroza Low Carbon Development Programme UNEP DTU Partnership.

Robust institutional arrangements for national mitigation efforts Karen Holm Olsen & Miriam Hinostroza Low Carbon Development Programme UNEP DTU Partnership.
Regional Responses to Climate Change. Framework Vision->Strategy -> Objective -> Resources ->Target-> Actions Liliendaal Declaration Vision Reduce GHG.

Regional Responses to Climate Change. Framework Vision->Strategy -> Objective -> Resources ->Target-> Actions Liliendaal Declaration Vision Reduce GHG.
CTCN: Support implementation of NAMAs

CTCN: Support implementation of NAMAs
Participatory research to enhance climate change policy and institutions in the Caribbean: ARIA toolkit pilot 26 th meeting of the CANARI Partnership August.

Participatory research to enhance climate change policy and institutions in the Caribbean: ARIA toolkit pilot 26 th meeting of the CANARI Partnership August.
TIMELINE 2010: Fund established by COP decision 2011: Transitional Committee designs Governing Instrument 2012: Board established and begins meeting 2013:

TIMELINE 2010: Fund established by COP decision 2011: Transitional Committee designs Governing Instrument 2012: Board established and begins meeting 2013:
ODA and EU recent financing initiatives Biodiversity Unit, DG Environment, European Commission CBD Dialogue Seminar on Scaling up biodiversity financing,

ODA and EU recent financing initiatives Biodiversity Unit, DG Environment, European Commission CBD Dialogue Seminar on Scaling up biodiversity financing,
Understanding Transformational Change in NAMAs Liberal Seburikoko UNFCCC regional workshop, Kigali 18 August 2015.

Understanding Transformational Change in NAMAs Liberal Seburikoko UNFCCC regional workshop, Kigali 18 August 2015.
OPTIONS AND REQUIREMENTS FOR ENGAGEMENT OF CIVIL SOCIETY IN GEF PROJECTS presented by Ermath Harrington GEF Regional Focal Point.

OPTIONS AND REQUIREMENTS FOR ENGAGEMENT OF CIVIL SOCIETY IN GEF PROJECTS presented by Ermath Harrington GEF Regional Focal Point.
European Commission DG Development Implications of recent policy developments on DG Development climate change activities Post Copenhagen Practical consequences.

European Commission DG Development Implications of recent policy developments on DG Development climate change activities Post Copenhagen Practical consequences.
Presented at UNCCD COP12, Ankara, Turkey by the Land Degradation Focal Area Team Global Environment Facility GEF-6 Programming Update & UNCCD Enabling.

Presented at UNCCD COP12, Ankara, Turkey by the Land Degradation Focal Area Team Global Environment Facility GEF-6 Programming Update & UNCCD Enabling.
Loretta Dormal Marino Deputy Director General DG for Agriculture and Rural Development, European Commission IFAJ Congress 2010 – Brussels, 22 April 2010.

Loretta Dormal Marino Deputy Director General DG for Agriculture and Rural Development, European Commission IFAJ Congress 2010 – Brussels, 22 April 2010.

Similar presentations

Ads by Google