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X-ORIGINAL-URL:https://www.v-20.org/
X-WR-CALNAME:V20: The Vulnerable Twenty Group
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UID:MEC-d1dc45410ca4949bb399990e7a228428@v-20.org
DTSTART:20230622T203000Z
DTEND:20230622T213000Z
DTSTAMP:20230619T204700Z
CREATED:20230619
LAST-MODIFIED:20230621
PRIORITY:5
TRANSP:OPAQUE
SUMMARY:Roundtable 4: Innovating with instruments and financing to address new vulnerabilities
DESCRIPTION:[vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_empty_space woodmart_hide_large=”0″ woodmart_hide_medium=”0″ woodmart_hide_small=”0″ woodmart_hide_extra_small=”0″][/vc_column][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]\n\n4:30 – 5:30 PM CEST\nGrand Auditorium, Palais Brongniart\nSpeakers:\n\nWilliam RUTO, President, Kenya (V20 member)\nCharles MICHEL, President, European Council\nNana Addo AKUFO-ADDO, President, Ghana (CVF Chair)\nMuhammad Shehbaz SHARIF, Prime Minister, Pakistan\nIlan GOLDFAJN, President, Inter-American Development Bank\nLaurence TUBIANA, President and Executive Director, European Climate Foundation\n\n\nModerators:\n\nChrysoula ZACHAROPOULOU, Minister of State for Development, Francophonie and International Partnerships, France\nMia Amor MOTTLEY, Prime Minister, Barbados (V20 member)\n\n\nContext and main issues\nThe increasing frequency and severity of shocks such as weather events and pandemics call for a holistic approach to tackling poverty, including building the resilience of vulnerable populations. To this end, we must make vulnerability a central criterion for access to finance, whether it is the provision of emergency liquidity or long-term investments aimed at increasing resilience and adaptation to climate change. and mitigation of their effects, as well as the prevention of pandemics.\nEmerging and developing countries are becoming increasingly likely to devote more of their fiscal space to accelerating the implementation of their national resilience plans. Finding innovative sources of financing is therefore becoming necessary to meet ever-increasing needs, and all the more so for areas that do not generate sources of income on their own, such as that of the response to loss and damage. To achieve this objective, it is necessary to find the right sources of financing, to mobilize the financial flows of globalization and to rethink the allocation systems.\nSeveral innovative mechanisms open up new avenues to explore: carbon credit markets, insurance mechanisms, debt instruments that better take into account contingencies, and new tax regimes and contributions levied on the benefits of globalization in accordance with the polluter-pays principle. If these elements remain too marginal, they nevertheless retain great potential and could be consolidated and implemented on a large scale.\n\n[/vc_column_text][/vc_column][/vc_row]\n
URL:https://www.v-20.org/events/roundtable-4
CATEGORIES:New Global Financing Pact,new global financing pact 789
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