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Daily Recap

Monday, December 4: Finance, Trade, Gender Equality, and Accountability 

Summary

Today’s COP28 themes were well represented at the Pavilion throughout the day. From a session on integrating gender and nutrition metrics into climate policies and a presentation on a Gender Transformative Mechanism, to conversations on climate finance that included voices not often heard in this space and on ensuring climate funds better address the needs facing those in fragile and conflict-affected settings, serious discussions around actions needed in these spaces reverberated among presenters and participants in the events and conversations that ensued.

Highlights

As COP’s first week moved past the midpoint, the fourth day of programming in the Pavilion brought another full slate of events from the co-hosts and their partners:   

  • CGIAR held an event that presented frameworks and tools for integrating gender and nutrition metrics into climate policies, actions, and monitoring efforts. The session highlighted the results of a sub-national-level gender and climate change vulnerability hotspot mapping exercise for the agriculture, energy, and water sectors conducted in Uganda, Kenya, and Botswana during 2023 and provided policymakers and practitioners with approaches and tools needed to design and monitor climate actions that build community resilience, considering the disproportionate needs and priorities of the most vulnerable groups. Learn more.
  • The Rockefeller Foundation held an event that brought together a diverse panel of experts across finance, climate, and food systems, including voices not often heard in finance circles, to discuss what private finance needs to do, and by when, the economic risks if financial institutions fail to act, and the climate, nature, and societal benefits if they do. Learn more. 
  • IFAD hosted an event led by renowned chef Pierre Thiam to explore IFAD’s groundbreaking Recipes for Change Initiative, presenting sustainable and locally-sourced recipes that reflect the challenges faced by rural communities. Learn more
  • CGIAR hosted an event that explored how, by integrating climate-sensitive approaches, multilateral climate funds can better address the nuanced needs of fragile and conflict-affected settings, ensuring that climate finance not only contributes to environmental sustainability but also fosters peace and resilience in these vulnerable regions. Learn more.  
  • FAO held an event that, using country examples, provided evidence for mobilizing investment in climate actions that build resilient agrifood systems from the ground up in humanitarian and food crisis contexts. The session supported the COP28 Presidency focus on policies and investments that protect lives and livelihoods and community resilience, specifically in fragile and conflict-affected contexts. Learn more
  • IFAD hosted an event that presented the Gender Transformative Mechanism in the context of climate adaptation, looking into how to broaden its scope of action and constituency. It included a partnership signing ceremony emphasizing the commitment of IFAD and the governments of Burkina Faso, Ethiopia, and India to work together for climate resilience and gender equality. Learn more
  • The Rockefeller Foundation hosted an event which included Pavilion partners FAO and CGIAR in discussions of key findings about the role of “true cost accounting” in driving food system transformation at both global and local levels, and how these studies deliver a clear road map for government and business leaders to identify and scale solutions to address humanity’s most pressing challenges. Learn more

Videos

Watch recordings from the Pavilion on December 4. You can also visit the COP28 Food and Agriculture Pavilion YouTube playlist to see all recordings from the Pavilion.

Beyond the Pavilion

Co-host news and resources 

  • A new tool has the potential to leverage hundreds of millions of dollars in climate finance for peace. Launched today by the CGIAR Climate Resilience (ClimBeR) and Fragility, Conflict and Migration Initiatives, the Climate Security Programming Dashboard for Climate Finance is designed to support countries, organizations and businesses seeking finance from international financial institutions and climate funds to assess the conflict sensitivity of their proposed climate mitigation and adaptation projects. Read more here. 

COP28 news

  • International Federation of Red Cross and Red Crescent Societies Secretary General Jagan Chapagain – a member of the COP28 advisory committee – has said the climate and environmental crisis is a multiplier, exacerbating almost every humanitarian disaster the organization faces (Climate Center). Read more here. 
  • A new report from Net Zero Tracker finds that global net zero targets are at risk because the majority of countries have not set proper targets to stop using fossil fuels. While net zero targets cover 88% of global greenhouse gas emissions, only 7% of those emissions are covered by any kind of national commitment to phase-out exploration, production or use of coal, oil or gas (Net Zero Tracker). Read more here. 
  • Women’s rights organizations are being shut out of climate finance, a new report by CARE International UK has found (CARE International UK). Read more here.