CERI Seminar: Innovative Sources of Climate Finance with Benito Müller (Oxford University)

This event is the first session of the ‘Séminaire Environnement et Relations Internationales’ organised by the Centre for International Studies or Centre des Recherches Internationales (CERI), at Sciences Po, Paris.

This session’s speaker is Professor Benito Mûller (Oxford University)

Date and location:

Tuesday 26 September, 17:30-19:00h

28 rue Saints-Pères, Salle S.1

About the event:

Given the urgency to provide financial support to the poorest and most vulnerable countries to respond to loss and damage from climate change and given the current global economic and fiscal situation, it is difficult to see how the new Loss & Damage Response Fund established at COP 27 last December could get adequately capitalized without diverting funds from other existing multilateral climate funds. This is why I will argue that there is an urgent need to raise innovative sources of funding for this new fund.

For one, I will highlight the idea of International Climate Solidarity Levies (ICSLs) as a proven way to mobilize new, additional and predictable innovative resources so as to avoid fund diversions from other climate funds. In particular, I will discuss a recent call on Kenyan President Ruto and French President Macron, as proponents of ICSLs to launch a Climate Solidarity Alliance of countries willing to adopt an International Climate Solidarity Levy, initially focussed on air-ticket levies.

I will also introduce the idea of introducing a Share of Proceeds in the Voluntary Carbon Market and the CORSIA emission trading scheme of the aviation sector.

For more information, including registration, link here.