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3 objectives to finance climate change aid, according to IDDRI: Mitigation, adaptation, development

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As host and key player at COP 21, France is organising the One Planet Summit in Paris on 12 December 2017. This international summit on financing the fight against climate change, called for by President Macron, has two main objectives: to maintain the momentum and hope generated by the Paris Accord, while reaffirming the role of France and Europe at the heart of global governance abandoned by the US Administration; and to give pride of place to the key players in the transition - finance and innovation. The best way to mobilize financing in an effective and relevant way is to strengthen our knowledge to develop development models and support strategies that meet the challenges. This is the purpose of the side event "Research and innovation: cooperating to mobilize financing" that IDDRI is organizing on December 11.
 

Continuing the dialogue between diplomacy and the economy

 
L’Agenda 2030 for Sustainable Development (at the centre of which are the Sustainable Development Goals) and the Paris Climate Agreement both carry the ambition of a profound transformation of our economies, with a view to a decarbonised and resilient, sustainable development. Unchallenged by the scale of the changes they call for, they are also unprecedented in the diversity of the actors and coalitions that, thanks to their commitments in the real economy, help to make credible the idea that the transformation announced by the texts is inexorable.
 
In this context, the 12 December summit is part of a process of consolidating the two pillars on which the international agreements adopted at the end of 2015 are based: on the one hand, to remind everyone of the climate emergency and to continue to uphold the values of multilateralism of the Paris Agreement, which are necessary for collective ambition and solidarity; on the other hand, to create a forum for the most proactive players and to open up a space for more leadership.
 

One objective: financing the transformation of the real economy

 
Supported by France, the UN and the World Bank, the One Planet Summit will seek to bring together financing and innovative projects that will serve the profound transformation of economic models. The production and storage of non-fossil fuel electricity, decarbonisation of transport and new agricultural models are among the most urgent projects.
 
A transformation whose successful implementation depends on four ingredients: sociotechnical and financial innovation; trust between actors in the inevitability of change and the sustainability of projects; long-term investments; and, across the board, public policies defining the rules of the game and the framework of incentives.
 
The summit on 12 December and the days around it, punctuated by parallel events, will thus focus on funding, but will in fact touch on the four ingredients mentioned above - one cannot be mobilised without the others. This is the whole point of the workshop organized by IDDRI under the auspices of the Ministry of Research on 11 December. Bringing together high-level personalities from the world of cooperation for research and innovation, it aims to highlight the complementarity of the different forms of innovation - business models, financial engineering, governance and policy instruments, foresight - in order to mobilise financing towards a decarbonised and resilient development.
 

The challenge: financing resilience and decarbonation simultaneously

 
IDDRI will also organize an informal workshop on financing adaptation to climate change, its scope, objectives and modalities. In the South as in the North, this topic is part of projects that make it possible to both reduce immediate impacts and build sustainable socio-economic models. Still imperfectly understood and structured, sensitive from a geopolitical point of view, this issue is destined to play an increasing role in the future, which public development agencies and banks will most likely not be able to take on alone, due to the amounts required. Nevertheless, it places them at the centre of the game, as they remain for the time being the almost exclusive financers of adaptation.
 

Integrating security, development and climate issues

 
This takes place in a context where peace and security issues are central. What cooperation policies and funding should be implemented in a world where climate and security issues are increasingly constraining development choices? IDDRI, Ferdi and Cerdi, within the framework of IDGM and Labex IDGM+, are organising a conference on this question in Paris in January 2018. Entitled "Development, climate, security: the challenges of a new cooperation policy".she has two ambitions: To propose empirical and robust diagnoses that will enable us to define an agenda for action linking security, climate and development, in the service of clear political choices. Then to propose ways of making the three "Ds" of the external actions of France and the European Union more coherent: defence, diplomacy and development.
 
Tancrède Voituriez and Teresa RiberaIddri.
Article published in the IDDRI's blog, December 4, 2017
 

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