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Highlights

Roundtable on Climate Change: Financing and Beyond

Tags: MENA Region / Other / 2015
  • Starts: Jun 04, 2015
  • Ends: Jun 05, 2015
  • Location: Villa Méditerranée
  • By: CMI, Région Provence-Alpes-Côte d'Azur
  • The Center for Mediterranean Integration (CMI) is organizing a high level roundtable on “Development and Climate Change: Financing and engineering Mediterranean projects”.

    Governments, local authorities, development agencies, associations, enterprises and youth networks have been invited to discuss joint agendas for adapting to and combating climate change. 

     

    This event is organized in the context of the MEDCOP21 with support from the European Investment Bank (EIB) and in partnership with France Media Monde (FMM).

     

    Climate change is fundamentally a development issue. It represents a threat to the poor and undermines economic growth. Growth and investment patterns to meet energy, food and water demands for a rapidly expanding population may increase global warming, or on the contrary, pave the way towards sustainable development, on condition that climate change issues are incorporated beforehand in political, economic and sectorial decision-making.

     

    The objective of this roundtable is to initiate an informed debate between stakeholders, civil society, authorities, businesses and youth on development issues related to the climate. This aim covers a multitude of actors and sectors so that climate action is integrated globally in all economic and social activities.

     

    Discussions of the roundtable will evolve around identifying the level of funding required to end global warming and ways to promote a climate-resilient economy in the Mediterranean, as well as what capacity reinforcement measures are needed to sustain climate change mitigation and  adaptation projects.  

     

    How to achieve a sufficient level of funding to end global warming and to promote sustainable development in the Mediterranean?

     

    The transition to a low-carbon and climate-resilient economy requires massive amounts of funds in order to invest in new technologies and adjust ecosystems to be less vulnerable to climate change. This effort is not measured in billions but in trillions. Investments in climate mitigation and adaptation have reached a critical juncture: According to the International Energy Agency (2014), an additional investment of $1.1 billion every year from 2011-2050 is required only in the energy sector, to achieve the two degree Celsius temperature goal. Developed countries pledged to mobilize $ 100 billion per year for the climate by 2020. To achieve this objective, all development actors must be committed, including the private sector.

     

    The panel will discuss available finance sources as well as means to improve their effectiveness.

     

    Beyond financing: How to reinforce skills?

     

    Besides the financing aspects, the transition to a low-carbon economy and a climate-resilient society also needs to be driven by a change of political, societal, economic and institutional approaches. Funding is not sufficient: governments, citizens, businesses and representatives of civil society must all join forces to modify behavior changes for the widespread adoption of climate-friendly products, processes and technologies. Their commitment is essential so that decision makers place systematically climate change on international agendas. This contributes a push for institutional changes, but also to adopt more stringent norms and regulations, as combatting climate change starts with clear policy signals. Capacity building, education and innovation are needed in order to provide and implement sustainable solutions.

     

    If we don’t tackle climate change, we will not end poverty and achieve shared growth.

     

    Date: Friday, June 5th 2015, from 10:30 to 12:30

    Place: At Villa Mediterranée in Marseille

    Agendas in English and French here.

     

    Video of the roundtable (in French):

     

     

    Photo album of the roundtable: