- 12.01.2024
- Array
- Array
Read about the activities of Recourse and partners at COP28 here
COP28 President Sultan Al Jaber told the Multilateral Development Banks (MDBs) that they should work together to help “lay the foundation of a climate finance architecture that is more fit-for-purpose to address climate and development”, with three priorities: “country platforms, revise climate finance targets for coming years, and lower the risk for the private sector”.
But Recourse, in solidarity with our partners, warned the MDBs that climate solutions will not be found by chasing the profit-motivated private sector or through debt-laden loans. The MDBs must instead provide grant and concessional finance for a sustainable renewable energy future for all.
Partner Engagement
At COP28 Recourse directly facilitated the engagement of partners from Indus Consortium, Trend Asia, NGO Forum on ADB, Femapo, SYND and Accountability Counsel and learning from them. We provided orientation and organised their agendas, enabling them to have direct access to relevant decision-makers and networks. We also continued to facilitate the space for Big Shift and partners, and provided forums for members from the Global South to speak on panels and participate actively in advocacy on phase out of public finance for fossil fuels and for there enable energy transition. It was a privilege to play this role to build and enhance the impact of our partners.