Stakeholder Report: Financing the Transformation and the Role of International Climate Finance

03 Oct 2024

This first iteration of the Climate Talks Stakeholder Report presents a summary of the in-person Climate Talks roundtable discussion that was convened by The German Embassy in South Africa and the Presidential Climate Commission (PCC) of South Africa. Climate Talks is a format of discussion on international climate issues with relevant stakeholders to enhance engagement, understanding and joint action to fight climate change. The report represents reflections of this high-level event that hosted State Secretary Jennifer Morgan, Ambassadors and Deputy Ambassadors who held exclusive discussions with a selected range of Government representatives, experts from economy and finance sectors, civil society, environment and labour organizations. The roundtable formed part of South Africa’s process to deepen understanding with our international and global partners in the context of respective localised challenges and strengthen our mutual commitment to global and domestic partners. Multilateral processes are critically important in these endeavours. However, as these processes unfold slowly, the PCC recommends that bilateral and plurilateral processes are sought out to give impetus to global climate resilience and net-zero transitions. The pivotal role of international climate finance in these endeavours, including the new collective quantified goal and the role of enabling environments, incentives and measures to mobilize finance for a just transition, formed a key part of the discussions and debate.