SIDE EVENT: “Environmental and social accountability for results based finance – lessons learnt and ways forward”

unfccc_logoMONDAY, 1 JUN 2015, 16:45—18:15 KAMINZIMMER (113), WORLD CONFERENCE CENTER BONN

The need for safeguards and accountability mechanisms is widely recognised in international financial institutions (IFIs). This event will discuss how lessons from IFIs can inform the design and operation of appropriate redress mechanisms for the GCF and other private and public climate finance flows.

High standards of accountability and safeguards are required at all levels to ensure that climate finance meets the needs of current and future generations and the planet. Numerous climate financing mechanisms provide ways for people to be consulted in the planning and implementation of environmental projects and programmes. Many also offer support and protection for people who experience or witness problems to voice and resolve their grievances. Yet, in the complex and evolving landscape of climate finance, with an ever increasing focus on leveraging private investment, there is a need to strive for ambitious accountability and compliance to ensure that integrity and human rights are safeguarded in all efforts to tackle climate change.

Challenges remain with the devolution of accountability through a myriad of downstream actors and there is a need to strengthen the confidence and capacities of local communities and stakeholders to pursue upstream accountability. This session seeks to explore challenges, best practices and innovative solutions to enhance accountability across climate finance actions, with a view to identify recommendations to existing climate funds, the Green Climate Fund and the UNFCCC on how to achieve a strengthened and more integrated accountability system for climate finance beyond 2015.

Panel:

Lisa Elges, (Moderator)
TRANSPARENCY INTERNATIONAL 
Fisseha Tessema Abissa
CLIMATE INVESTMENT FUNDS 
Marcia Levaggi
THE ADAPTATION FUND 
Paul Wolvekamp
Both ENDS 
Katharina Rall
HUMAN RIGHTS WATCH

Author

Related posts

Carbon Market Watch welcomes EU ban on “carbon neutrality” greenwashing

Companies selling in the European Union will no longer be able to claim that their products are carbon or climate neutral, the EU has provisionally agreed. This victory against greenwashing corresponds to longstanding demands from climate campaigners to eliminate the use of offsets and send a signal to the voluntary carbon market.

Integrity Council’s rulebook sets minimum threshold instead of high bar for carbon markets

The Integrity Council for the Voluntary Carbon Market’s latest guidelines provide a set of much-needed incremental improvements but fail to raise the quality of carbon credits sufficiently and leave too much wiggle room to truly tackle the climate crisis. The ICVCM has the opportunity to clear up the loopholes and ambiguities when it issues its first assessments of carbon market programmes.

SIDE EVENT: “Environmental and social accountability for results based finance – lessons learnt and ways forward”

Join our mailing list

Stay in touch and receive our monthly newsletter, campaign updates, event invites and more.