Key points
IDFC proposes the following elements for consideration by the NCQG deliberations and the Sharm el-Sheikh dialogue:
- Adopt a comprehensive approach, aiming at accelerating the alignment of the entire financial system with the Paris Agreement while contributing to climate finance, consistently with countries’ differentiated contexts, policies and long-term strategies.
- Contribute to a corresponding incentivising framework for the mobilisation of more – and higher quality – public and private climate funding.