Emerging Private Climate Finance Disputes

Ms. Delaney talked about emerging private climate finance disputes. Funding for climate-related projects may come from the public sector, the private sector, the Green Climate Fund, and the Clean Development Mechanism, through loans or equity arrangements. She described arbitration as particularly useful in resolving private climate finance disputes given its adaptability to legal and cultural differences, flexibility and efficiency, ability to choose arbitrators and experts with experience in climate change and climate finance, and enforceability.

Climate Finance Flows in the Pacific

Ms. Ilona Millar, special counsel in the Environmental Markets team at Baker McKenzie, Sydney, briefly explained the concept of climate finance and discussed about climate finance flows in the Pacific. In 2010–2014, climate finance to Pacific Island countries totaled $1,762 million, of which $1,455 million came from bilateral sources and $307 million from multilateral sources. Likewise, of this amount, $748 million had climate change as the main objective while $1,014 million targeted climate change as a co-benefit.

Climate Change: The Politics of Action and Finance

Tracking and reporting financial flows is needed to help measure the effectiveness of climate actions. This also helps in building trust and accountability and to monitor trends and progress. In this presentation, Pretty Bhandari, ADB’s Director for Climate Change and Disaster Risk Management, talks about political economy and climate change, climate finance architecture, and the climate action taken by ADB.

Training on Counting Climate Finance

In 2015, ADB pledged to double its annual climate financing to US$6 billion by 2020, with US$4 billion for climate mitigation and $2 billion for climate adaptation.

Through its Climate Change and Disaster Risk Management Thematic Group and Climate Change and Disaster Risk Management Division, ADB organized a Training on Counting Climate Finance to help enhance the capacity of staff to integrate climate change into the Bank’s operations.

The training was also supported by ADB’s other sector and thematic groups including energy, transport, urban, water, and agriculture.

Manuel Cocco

Manuel Cocco is a senior climate policy expert with more than 15 years of experience working on climate change and renewable energy policy development, including public climate finance and sustainable development advisor. He has deep knowledge of the SD and CC policy environment around the world, with a focus on Southeast Asia and Latin America.

Legal Readiness to Attract Climate Finance: Towards a Low-Carbon Asia and the Pacific

This article highlights some of the legal barriers faced by developing countries in optimizing their options for funding their nationally determined contributions and showcases examples from the Lao People's Democratic Republic and the Republic of Fiji, where the countries have embarked on legal modernization to attract more international climate finance.