ADB Side Events at the UNFCCC Climate Change Conference (COP 25)

The UNFCCC Climate Change Conference included the 25th session of the Conference of the Parties (COP 25) to the UNFCCC, the 15th session of the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol (CMP 15), and the second session of the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA 2). Representatives from all UNFCCC parties were in attendance.

Gajanana Hegde

Gajanana Hegde leads the regulatory development (energy) team to develop standards to measure the outcomes of climate actions within the sustainable development mechanism (SDM) program of the UNFCCC Secretariat in Bonn. He has over two decades of professional experience in climate change, renewable energy, energy efficiency, and waste management. He has contributed to the development of over one hundred methodologies applied in several thousand projects and programs hosted in over one hundred countries under the Clean Development Mechanism.

Emerging Public Climate Finance Disputes: A Roadmap for Shifting Sands?

Ms. Smith shared her insights on emerging trends in public climate finance disputes, including the various forms of disputes foreseen under the United Nations Framework Convention on Climate Change, the types of public climate finance disputes that could be resolved through international arbitration, and the PCA’s experience with regard to innovations to adapt the features of international arbitration to the needs of this dynamic field, focusing on the perspective of South Pacific developing countries.

New Financing Approaches, Instruments and Opportunities that Address the Risks of Loss and Damage

The United Nations Environment Programme (UNEP) and the insurance industry has been working with institutional investors in promoting risk modelling beyond insurance. The aim is to offer parametric risk transfer to organizations (e.g., NGOs, development banks, microfinance providers, municipalities) while sharing the risk with third-party investors via an investment fund structure.