CPDE advances effective climate finance architecture at European Development Days

At the European Development Days (EDD) held 15 to 16 June 2021, the CSO Partnership for Development Effectiveness presented its advocacy for effective climate finance, through a stand titled Advancing Effective Climate Finance Architecture: Engagements and grassroots practices for democratic ownership, coherence, predictability and transparency based on principles of climate justice, human rights, and ecological balance.

Organised by the European Commission, the EDD is a participatory event that gathers development actors to exchange ideas and experiences around the world’s most pressing challenges. This year, it was organised with the theme, “The Green Deal for a Sustainable Future.”

The concept behind CPDE’s stand draws from the pledges made by civil society, donors, developing countries, and international organisations ten years ago at the Fourth High-Level Forum on Aid Effectiveness in Busan, South Korea in 2011, to work together to promote coherence and collaboration in climate finance.

CPDE argued that the global climate finance architecture remains challenged, citing lack of ownership, transparency and predictability and incoherence with internationally agreed development goals as sticky issues during negotiations and international meetings. Civil society organisations (CSOs), according to CPDE, continue to assert principles of effective development cooperation in climate finance. It notes the concerted effort by CSOs to address these outstanding issues by pushing to mobilise new and additional official development assistance (ODA) for climate finance, not only for mitigation but more importantly for adaptation, loss and damage, and just transition in developing countries.

Moreover, CSOs engage international development actors to democratise governance of climate finance by calling for proportional representation of stakeholders and by applying human rights principles. At the same time, they support the initiatives of indigenous peoples, peasant organisations, and other grassroots formations to build climate resilience and adaptability.

The first to be held virtually, this year’s EDD gathered more than 19,000 participants from around the world in over 100 sessions, and 90 interactive projects stands in the Global Village. The event also featured more than 300 speakers, who especially targeted the youth in their messaging.

Learn more by visiting the EU Development Days website at via eudevdays.eu.#

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