Harnessing Synergies between Carbon Markets and Climate Finance for Achieving Ambitious NDCs

• 9 November 2021, 6.30 PM GMT / 7.30 PM CET
• COP26, UNFCCC Side Event
• Recording of the session: https://www.youtube.com/watch?v=CVE_jFffgsM
• CFI speakers: Stephan Hoch, Sandra Greiner, Alexandre Dunod

Stephan introduced the panel, which focused on providing a comprehensive overview of Senegal’s NDC and the role of carbon markets and climate finance. Panelists spoke about past carbon finance projects in Senegal, the role of the GCF and ASEA, and the work of Climate Finance Innovators project. Speakers highlighted the importance of peer-to-peer and South-South learning, clarity in Art. 6 and transparency negotiations, and resolving questions surrounding conditionality of NDC targets and corresponding adjustments. The session ended with a discussion of the role of the private sector and outlooks on COP26. To this end, speakers highlighted the need for long-term outlooks for the private sector, a clear Art. 6 agreement, a clear signal to the private sector for further involvement, revenue for adaptation and activities to increase ambition.
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