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On 25 September, the Observatory organised a webinair entitled :

"COP 21-COP 28 Global Stocktake: limits and opportunities for monitoring financial flows" !

This event in English addressed the limits and opportunities of tracking financial flows in the Global Stocktake, the first global assessment of commitments made under the Paris Agreement.

Following a presentation of the GST by Caroline Sarlin (Observatoire de la Finance Durable), the webinair continued with a round table discussion with :

• Blatter Gabriela : Principal Policy Advisoron climate and sustainable finance Federal Office for the Environment FOEN
• Raphaël Olivier : Policy Adviser - Climate Change Negotiations & Multilateralism, Ministry for the Ecological Transition, France
• Arnaud Gilles : Climate - Energy - Diplomacy Advocacy Manager at WWF-France

Several elements emerge from the discussions :

• The GST is an unprecedented exercise that shows the gaps between what we have invested and what we still have to invest or disinvest.
• There is enough global capital to finance a transition, but it is being distributed incorrectly.
• Financial flows need to be monitored more regularly and on a more local scale, with initiatives such as the Observatoire de la Finance durable
• The GST synthesis is a momentum that we must use to best effect to meet the objectives set out in the Paris Agreement.

As a reminder, the summary discussed by the speakers concluded the second phase of the GST, and it is now up to the Member States to make the most of the third phase, which is the political consideration of the elements presented. See you at COP 28 for a first glimpse of these discussions!

Download the presentation and watch the webinair replay below.

You can also find the deciphering of the Global Stocktake here.