Background
In March 2017, the UfM Climate Change Expert Group (UfM CCEG) adopted a 5-years work-program, which stress the importance to strengthen climate finance in the Euro-Mediterranean region to address climate change issues. In April 2019, UfM Member States agreed to pursue the assessment of climate finance in the UfM region, with the view of providing sound basis for a renewed climate mandate of the UfM by 2020, with the new UfM Ministerial Declaration on Climate Change.
Target Groups
Target gruops of tehis technical assistance are: UfM Institutions, UfM Member States, International Financial Institutions, International Climate Change Institutions, Civil society representatives, Private sector Organisations and Institution interested in UfM regional integration.
Objectives

• The primary objective of this technical assistance is to enhance the knowledge of UfM Member States, International Financial Institutions, civil society representatives, private sector organisations and any other institution interested in the UfM regional integration, regarding the level of financial commitments made in 2018 and in 2019 to address climate change issues in the UfM region.
• The second objective is to explore the feasibility of financial mechanisms, which could be implemented in the UfM region with the aim of enhancing the mobilisation of climate finance for specific population or sectors, while building on lessons learned in some specific sectors (in particular in the water sector) or potentially in other regions, such as Caribbean or Latin America.

Expected Results

• R1 - to have a precise figure of financial commitments made to recipients in UfM developing countries in 2018 and in 2019, by public/private donors from developed/developing countries;
• R2 - to have a precise view of commitments and disbursements made by national governments, local authorities, private sector and, if possible, households addressing climate change in UfM developing countries;
• R3 - to have the methodology and process in place for monitoring, reporting and verifying climate finance commitments made in the UfM region, especially by ensuring the involvement of all relevant actors, including the scientific community, the private sector and NGOs;
• R4 - quantitative and qualitative analysis of financial mechanisms, which could be implemented in the UfM region with the aim of enhancing the mobilisation of climate finance for specific population or sectors.