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DECEMBER 4

Mobilizing climate finance

Paris alignment of Export Credit Agencies

The next frontier for realising the Nordic Vision 2030

DECEMBER 4, 9.30–10.00 (UTC+4)

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Perspectives Climate Research
Export Credit Agencies (ECAs) provide financial support to domestic companies involved in international trade. Aligning ECAs with the Paris Agreement's goals is essential to achieve the Nordic Vision's environmental and sustainable objectives. This event will present lessons from recent research by Perspectives on Paris alignment of export finance in nine countries, explore how Nordic ECAs can support and promote climate action and discuss the perspectives of civil society on this topic.

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SPEAKER
(TBC)
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New SDG Tool for Article 6.4 Mechanism

Setting international best practice for integrated assessment of Sustainable Development impacts

DECEMBER 4, 10.30–11.15 (UTC+4)

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Sustainable Development Initiative for Article 6 of the Paris Agreement, (UNEP-Copenhagen Climate Center & Wuppertal Institute for Climate, Environment and Energy)
Prior to COP28 the Article 6.4 Supervisory Body will decide on the draft A6.4 SD Tool for assessing sustainable development impacts of mitigation actions, with the view of adapting the tool by early 2024.

This event will present what the draft SD tool looks like and invite stakeholder views on:
Robustness and reliability of the safeguards, minimum requirements to promote positive SDG impacts, the usefulness of the tool for host and acquiring parties and needs for capacity building.

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SPEAKER
(TBC)
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Voluntary carbon markets 

Latest developments in best practices 

DECEMBER 4, 11.45–12.30 (UTC+4)

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Perspectives Climate Research 
The voluntary carbon market is evolving to be fit for the Paris era. This event takes stock of recent developments in best practices for the voluntary carbon market, and explores ways forward. After an introduction to the elements of the Nordic Code of Best Practice for the Voluntary Use of Carbon Credits, a panel of public and private sector experts discuss their experiences and recommendations on promoting best practices in the voluntary carbon market. 

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SPEAKER
(TBC)
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Art performance at the pavilion: Jessie Kleemann – “Arkhticós Dolorôs" (Arctic Pain)

Daily screening during week 1 of "Arkhticós Dolorôs” (Arctic Pain) by renowned artist and poet Jessie Kleemann (GL/DK)

DECEMBER 4, 12.30–13.00 (UTC+4)

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Nordics and US: Launch of the Investment Mobilisation Collaboration Arrangement

A New Joint Initiative on Mobilising Climate Finance to Emerging and Developing Markets

DECEMBER 4, 13.15–14.15 (UTC+4)

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Danish Ministry of Foreign Affairs
The launch of the IMCA will highlight the power of public-private partnerships and front-running action of the US and Nordic region, to support the deployment of catalytic climate funding in emerging markets and developing economies. The joint initiative takes a unique approach; simultaneously taking action to build transparency and greater cooperation on blended finance investment pipelines, creating new blended finance vehicles and mobilising financial pledges to be invested within these vehicles.

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SPEAKER
(TBC)
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The Way Forward: Sources of Financing for Loss and Damage

Innovative financing solutions for the Loss and Damage Fund

DECEMBER 4, 14.45–15.30 (UTC+4)

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Wenger Law & Nordic Council of Ministers
This side-event will launch a study commissioned by the Nordic Council of Ministers’ Working Group for Climate and Air (NKL) on new and innovative solutions and sources for financial support for responding to loss and damage. The event will present the key findings and potential ways forward, and includes a high-level political segment as well as an expert panel with leading international experts in the field. 

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SPEAKER
(TBC)
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Blended finance as a key to missing climate finance

DECEMBER 4, 16.00–16.45 (UTC+4)

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Organizers: Nordic Development Fund
Although climate finance has reached its record high, it is still falling short of what is needed, especially in lower income countries and countries in fragile situations. Through Nordic action, we help unlock private sector investments through blended finance, public-private partnerships, and matching concessional grants for investments. In this event, we discuss how this can help the climate action.

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SPEAKER
(TBC)
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Next-generation clean cooking solutions

Incentivising change with pan-Nordic results-based financing

DECEMBER 4, 17.00–17.45 (UTC+4)

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Nefco – the Nordic Green Bank
Lack of access to clean cooking is a global challenge. Supporting next-generation clean cooking solutions through results-based financing can accelerate the green energy transition and help combat climate change in Africa. 

The event will cover discussions on the need for financial support, access to carbon financing, policy advocacy and development of technology standards from a private-public angle. These measures can support the private sector to de-risk market expansion and scale up activities, promoting the creation of new markets for modern clean cooking solutions to strengthen climate resilience in Africa.

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SPEAKER
(TBC)
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TBC –reception

DECEMBER 4, 18.00–18.45 (UTC+4)

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