My 5 very personal takeaways from the last 5 years of Paris Agreement #ClimateAction . 1. Let’s not plan to fail; the load of ambition will eventually fall on the shoulder of the whole of society. If you cannot translate ambition to implementation, dial it down.
2. It takes two to tango. If we cannot fast track support, let’s not expect developing countries that rely on external TA/finance to accelerate implementation. Climate change is an emergency- let’s build systems (including procurement) to treat it as such.
3. Need to avoid getting lost in the woods. Important to zoom out and see the forest. Climate rhetoric and practice must be mainstreamed amongst central banks, planning and finance ministries. Syncing mindsets across fields can and will bring long term success.
Fragmentation & drip feeding of climate finance is a real challenge to velocity of change we want to see. It erodes the sense of mission and purpose for those who are fighting the good fight. We could perhaps triple the return on investment by doing one thing: coordination.
5. All sides acknowledging $100 billion per year is a pipe dream in the near future will take us a long way (By the way, on the 5th of anniversary of Paris, total climate finance/TA pledges amounted to less than 0.1 percent of GDP of developed counties that were represented)
You can follow @JahanChowNDCP.
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