CCAP to Participate in ICAT’s Workshop on Tracking and Mobilizing Climate Finance

As part of the ongoing project to develop a methodology on climate finance supported by the Initiative for Climate Action Transparency (ICAT), CCAP will head to UN City in Copenhagen, Denmark to participate alongside country representatives and climate experts from around the world in the ICAT Community Meetings. From the Climate Finance team, Samantha Shin will be moderating and presenting at the workshop on Tracking and Mobilizing Climate Finance on Wednesday, September 7. The workshop is hosted by ICAT and supported by CCAP, the UN Environment Programme Copenhagen Climate Centre (UNEP-CCC) and United Nations Office for Project Services (UNOPS).

“I hope the climate finance workshop will provide a great opportunity for countries not only to accelerate efforts on related work by recognizing the importance of enhancing transparency in climate finance but to promote synergy and cooperation by capturing best-practice and lessons-learned from one another,” said Shin. “Having feedback from different countries at the workshop will also be of great help for CCAP in developing a more tailored and comprehensive guidance document on ‘Transparency of Climate Finance,’ which will be released in 2024.”

CCAP has recently supported multiple countries’ climate actions from policy planning to implementation with a focus on climate finance and energy transition. The team has provided NDC financing strategies for the Seychelles and has also conducted extensive analysis and technical workshops on sustainable finance taxonomy at conferences worldwide with a view toward transparency process in reporting and comparability.

Connecting professionals from around the globe, the ICAT workshop aims to enhance knowledge on international climate finance tracking methodologies and shares best-practices and experiences across various countries. Presenters will also discuss outcomes and lessons learned from ICAT adaptation project implementation on developing indicator frameworks. They will further talk about the tools used for monitoring and the evaluation of adaptation projects and their integration in national financial mechanisms.

The session will contain both theoretical and practical parts, including group exercises and interactive panel discussions. It will feature a presentation of the upcoming ICAT guide on climate finance, as well the indicator framework developed for the Bangladesh Climate Change Trust Fund under ICAT. ICAT partner countries will share their experiences and expectations with regard to working on climate finance with ICAT.

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CCAP helps policy makers around the world develop, promote, and implement innovative, market-based solutions to major climate, air quality and energy problems that balance both environmental and economic interests.

Core work areas include climate finance, developing country capacity building and facilitative dialogue, carbon markets, and the development of national climate strategies, sectoral mitigation programs, and climate finance proposals.