Fireside chat: Catalyzing Climate Finance to Translate Global Climate Decisions into Actions in the Least Developed Countries

Currently establishing its Permanent Secretariat with the support of the Global Environment Facility (GEF) funded project implemented by the United Nations Industrial Development Organization (UNIDO) in cooperation with the International Institute for Environment and Development (IIED) and Climate Analytics (CA), the LDC Group on climate change aims at playing a pivotal role in supporting the LDCs to access climate funds to translate effectively and efficiently global climate decisions into actions at national and regional levels. The Group sets a target to contribute to the creation of a favourable environment for high potential, medium size climate and renewable energy projects, including grassroots projects, on entrepreneurship and resilient infrastructures in the LDCs.

To know more about the LDC Group on climate change, its journey in establishing a permanent secretariat to build coherence and strengthen capacity, and  its ambition on mobilizing the financial resources required for tackling climate change effectively and supporting the LDCs translating global climate decisions into actions, you are invited to join a conversation with Ms. Stella Funsani Gama and Mr. Yared Abera, members of the Group. The conversation will provide an overview of their journey as members of the LDC Group, the case for a secretariat and the engagement of the Group to support the LDCs to benefit and access climate funds to help translate global climate decisions in their countries and regions. In this session, we will demonstrate how the mobilization of seeds fund would support the LDCs to advance the climate agenda, benefiting not only the LDCs but the planet at large. The session will look at solutions the LDC Group on climate change and attendees could propose to the LDCs to overcome the challenges in accessing climate finance by establishing their secretariat. After 30 minutes of chats, the floor will be given to the public to directly exchange with Stella and Yared. Key ideas gathered during this engaging discussion will potentially further feed a paper to be presented at the COP28.