Source: DTE
Context: Conference of the Parties (CMA – 6) welcomed the 2024 report of the Sharm el-Sheikh Dialogue and encouraged continued inclusive, transparent workshops in 2025.
About Sharm el-Sheikh Dialogue:
- What It Is?
- An ongoing formal dialogue platform under the Paris Agreement, initiated by Decision 1/CMA.4 (Para 68).
- Facilitates structured exchange between Parties, institutions, and stakeholders on aligning finance flows with climate goals.
- Members and Structure:
- Conducted under UNFCCC with two co-chairs — one from a developed and one from a developing country.
- Includes Parties to the Paris Agreement, financial entities (e.g., GCF, GEF), NGOs, private sector bodies, and observer organizations.
- Objectives:
- To advance understanding of Article 2.1(c) (making finance flows consistent with climate-resilient, low-GHG pathways).
- To ensure complementarity with Article 9, which mandates financial support from developed to developing nations.
- To build consensus on operationalising Article 2.1(c) in a just, equitable manner without weakening existing finance obligations.
- Key Features (2024–2025 Phase):
- At least two workshops per year, organized by the UNFCCC Secretariat under co-chair guidance.
- Co-chairs ensure inclusive, participatory, and transparent dialogue with balanced Global North–South representation.
- Annual reports and workshop-specific documents to be prepared and submitted to the Conference of Parties.
- Open call for submissions by Parties, financial bodies, private sector, and NGOs to shape the dialogue content.
- Strengthens trust, clarity, and implementation roadmap toward aligning climate finance with global net-zero targets.
- Significance:
- Directly supports Paris Agreement’s long-term goals by focusing on systemic transformation of global finance.
- Encourages private sector engagement in climate solutions, bridging gaps beyond public finance
- Enables developing countries’ concerns on equity and climate justice to remain central in implementation.
