Moving from Climate Action Planning to Financing
The completion of the NDC 3.0 before COP30 establishes a new benchmark for global climate ambition. GGGI supports around 30 member states updating their NDCs and developing their LT-LEDS. This session will provide an insight that extends beyond the final submissions. We will disseminate key achievements and lessons learned from the enhancement of NDCs and development of LT-LED, examining the requirements for integrating sectoral targets, aligning climate goals with national development priorities, and building inter-ministerial consensus.
Moving towards the next steps, the efficacy of the NDCs and LT-LEDS is contingent upon their successful implementation, by transitioning from planning to financing and tangible implementation. Yet, the mobilisation of finance required for implementing these climate plans and strategies usually falls short of its targets. Additional models and tools help assess a country’s finance gap and suggest how the country can generate the required finance in line with macroeconomic and financial stability. This session will examine the critical next steps on this path, focusing on how the robust architecture of the new NDCs and LT-LEDS provides a foundational framework for climate finance planning. It will also provide an overview of how suitable tools bridge the gap between climate planning, finance, and implementation.