Cape Town, South Africa
Acknowledged the need of enhancing coordination and alignment between national development finance institutions, MDBs, VCEFS, and private financial institutions, while also increasing co-financing efforts.
Discussed improving access to and affordability of insurance, including reinsurance, and looked forward to practical recommendations to help countries address natural catastrophe insurance protection gaps in line with their priorities.
Discussed work to enhance the integrity of carbon markets and to address carbon market data fragmentation which has the potential to contribute to long-term investment aligned with countries’ climate objectives; and noted the importance of promoting greater transparency of international data standards to enhance the effectiveness and integrity of carbon markets, while acknowledging that approaches may vary based on national contexts and priorities.