Gain Yer Bearings,

Lose Yer Marbles

A little story about campaigns, approaching big challenges sideways,
paying attention to strategies and trusting cosmic things
 mdm

The Institute for Climate and Sustainable

Cities (ICSC) is an international non-
government group advancing fair climate
policy and low carbon, climate-resilient
development. International non-government
group based in the Philippines,
Based in the Philippines, it is engaged
with the wider international climate and
advancing fair climate policy and
energy policy arena, particularly in Asia. low carbon, climate-resilient
It is recognized for its role in helping development.
advance effective global climate action
and the Paris climate agreement.

icsc.ngo
TEAMS
Climate Governance
Integrates climate science into economic and development strategies
and programs across international, regional, national and local levels

Urban Transitions
Supports early adoption and integration of climate change
considerations -- covering issues such as mobility, infrastructure and
water -- into long-term urban development planning

Energy Policy
Works on technical and policy development to advance the
decarbonization of the Philippine energy sector
TEAMS
Climate Finance (deep bow, Mott Foundation…)
Convenor of the Adaptation Finance Accountability Initiative (AFAI+)
and Green Climate Fund (GCF) Watch, and board member of the
Philippine government's People's Survival Fund

Communications (national and international)

Oversees, leads and provides communications support for campaigns
and creative needs of all ICSC program teams

RE-Charge Pilipinas (energy access)

On-the-ground project team based in Eastern Visayas that
demonstrates urgent need to integrate resilience, science, finance, and
low carbon innovations for local application
Diplomacy
ICSC is a member of the High Level
Consultative Group of InsuResilience
(representing Southern think tanks)
and the Deputy Co-Chair of the Expert
Advisors Group of the Climate
Vulnerable Forum (CVF), providing
political and policy support to the
Vulnerable 20 Group of Finance
Ministers (V20), comprised of 48
vulnerable country governments.
Context, with roots extending
from Lima to Michigan to Manila
Problem statements
• Worsening climate crisis AND development crisis
• Climate crisis: most serious existential threat the world has ever
faced. It is bigger than everything. And yet.
• Climate change is not necessarily more important than hunger,
joblessness, misogyny, health, shelter, gender violence, conflict
• Climate politics: stuck in the negotiations ping-pong game
• Vulnerable country voice remain token, nice to bring out when there
are guests, but return to the cupboard when it’s back to daily life
Paris Agreement
Where ants led the
elephants
Founding of the CVF in November 2009 – an
advocacy association composed of
governments!
CVF establish V20 to translate the
political agenda into real economy
progress in October 2015 in Lima,
Peru
 The Vulnerable Group of
Twenty (V20)

The three main focus areas are:

(1) Resource mobilization;

(2) Engagement with major
economies for an economic
transition towards resilience;
(3) Ensure MDBs provide the right
support (e.g. favorable terms
and instrument options)

8
 The Vulnerable Group of Twenty Past V20 Chairs

Members from 48 developing countries

Current V20 Chair

9
Fuelling
Research on
Climate
Impacts and
Vulnerability
CVF Member Reach
 CVF
Climate Paris 100% First Global Madrid
Vulnerability Agreement Renewable Virtual Ambition
Monitor 1.5 Degrees Energy Target Summit Drive for
Campaign Survival
V20 CVF establish G20-V20 G20-V20 High V20
V20 establish IGP Level Sustainable
Dialogue Insurance

Highlight Carbon
pricing as an First-ever
Facility
launched to
protect

CVF-V20
agenda MOF meeting MSMEs
in COP

Milestones
2015–
2010–2012 2016 2017 2018 2019
2016

2015–
2010–2012 2016 2017 2018 2019
2016

Partners

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 CVF Thematic Ambassadors

To strengthen CVF outreach, networking, communications and engagement of key actors

Mohamed Kathy Loren Tosi Saima

Nasheed Jetnil-Kijiner Legarda Mpanu-Mpanu Hossain

Ambition Culture Parliaments Renewable Energy Vulnerability

7
Overview of V20 Vision 2025
1 Leverage Trillions of New 2 Overcome Capital Cost 3 Close the Financial Protection
Investment Challenges Gap

4 Boost Job Growth, Secure a Just 5 Optimize Public Finance and 6 Leverage Renewable Energy
Transition & Protect Workers Fiscal Practices Wealth and Energy Efficiency for
Economic Gains
COP26 Policy Priorities
1. Ambition Mechanism: strive safeguarding 1.5 C with delivery of updated ambitious NDCs

2. Adaptation and Finance incl. carbon markets: finalize a 1.5C compliant international regime to keep

our economies safe

3. Planetary Prosperity Agenda through CVF/V20 Climate Prosperity Plans

4. Loss and damage

5. Dhaka-Glasgow Declaration of the Climate Vulnerable Forum

Financing and Partnership Priorities

1. CVF/V20 Climate Prosperity Plans

2. V20’s Sustainable Insurance Facility to make available climate risk insurance for MSMEs under the

G20-V20 InsuResilience Global Partnership

3. V20 Accelerated Financing Mechanism for credit enhancements

4. CVF & V20 Joint Multi-Donor Fund hosted in UNOPS

5. CVF Parliaments League

6. V20 Ministerial Dialogues during the IMF/World Bank Spring and Annual Meetings

7. V20 Action Collaborative Agenda (with IMF and other actors)

8. CVF & V20 Climate Prosperity Accelerator (venture capital)

CVF/V20 Presidency during
UN General Assembly,
October 7 call for Climate
Prosperity Plans
Climate Prosperity Plan
A Strategic Investment Agenda to Boost Planetary Prosperity & Tackle Frontline Climate Threats

Building back stronger: An investment Future-proof competitive positioning in the global

pathway for socio-economic
development through economic
programs and infrastructure projects
while accelerating low-carbon growth
and builds greater climate resilience
A decadal plan with two 5-year cycles.
Analysis includes new jobs created, cost
savings from shifting to RE early, foreign
direct investment opportunity,
contributions to economic growth and
consequent tax revenue growth
potential.
supply chain and driving foreign direct investment
to modernize industries and infrastructure.
A reorientation of development financing and
leveraging of economic cooperation, sovereign
resources, domestic finance, carbon markets (Art
6) and private sector.
Inspire greater action to secure the 1.5 degrees Celsius
target and accelerate economies of scale of climate-
smart solutions.
Two of the most pressing goals today?
It is not a question of reaching our landing zones. We WILL. The
question is how soon? Can we arrive sooner? Can we shave off five,
seven if not 10 years of campaigns?

The world today is in varying degrees of crisis because of the pandemic.

BUT the pandemic is not a black swan! All economies are just built
wrong. No economy is able to withstand non-financial external shocks
because resilience is absent from macroeconomic fundamentals. It’s
time to establish resilience at the CENTER of macroeconomic
fundamentals and develop effective, enduring ways to measure
progress!
Maraming salamat po!
 Scope
• Provide an investment pathway for infrastructure projects
and economic programs to accelerate zero-carbon growth,
build greater climate resilience and boost socio-economic
development
• Serve as a platform to mobilize support from development
partners;
• Select projects to benefit from V20 financing programs to
overcome high capital costs and to provide financial
protections against climate risks;
• Underpin the ambition of new NDCs called for by 2020;
• Inspire greater action to secure the 1.5 degrees Celsius
target and accelerate economies of scale of climate-smart
solutions.
Scenario Analysis:
(1) Business as usual
(2) NDC (floor)
(3) Climate Prosperity Plan Normal
(4) Climate Prosperity Plan Maximized
• Analyze appropriate low carbon and climate resilient
technology, infrastructure, nature-based solutions, and
locally-led economic program options;
• Recommend project typology (particularly in energy
sector including power sector resilience)
• Two 5-year cycles (to 2025 and to 2030) outlining
investments to maximize progress towards zero-carbon,
renewable energy rich, and climate resilient growth;
• Specify financing structures and the levels and forms of
international support required;
• Implementation including recommended investment
pathway with public and private finance;
• Detail socio-economic benefits, including increased
employment, reduced pollution, increased energy
independence and access, and reduced financial risks;
• Reflect and contribute to realizing or exceeding
investment targets under national perspective plans or
long-term plans.
GDP Scenarios

Mujib Climate Prosperity Plan Oversight & Implementation

Economic Partnerships Strengthened

V20 Action Collaborative Agenda
Goals
To address the needs of climate vulnerable economies and support them in building resilience through
improved mitigation and management of climate-related macrofinancial risks and enhanced conditions for
critical investments in adaptation and development.

Mainstream Systematic and Transparent Assessment of Climate-related Financial Risks in all

01 IMF Operations

Consistent, Systematic, and Universal Appraisal and Treatment of Physical Climate Risks and
02 Transition Risks for All Countries in Article IV Consultations and Financial Sector Assessment
Programs

Advance Disclosure of Climate-related Financial Risks and Promoting Sustainable

03 Finance and Investment Practices

04 Explore synergies between Fiscal and Monetary Policies

V20 Action Collaborative Agenda Areas
Mainstream of Climate Risk Analysis in Public Financial Management and Supporting the
05 Development of a Climate Disaster Risk Financing and Insurance Architecture

06 Support Climate Vulnerable Countries with Debt Sustainability Problems

07 Develop the IMF Toolkit for Climate Emergency Financing

08 Explore Options to Use SDRs to Support Climate Vulnerable Countries

09 Support the Design and Implementation of Carbon Pricing Mechanisms

10 Institutionalize Collaboration between the Fund and the V20