The Bridgetown Initiative (BI) has gained significant traction since its proposal at COP27. Developed through the leadership of the Barbados government, it represents an innovative proposal to deal with some of the critical problems with climate finance. What outcomes does the BI seek to achieve? How does the BI align with longstanding demands of climate and social justice movements? What are some of the essential demands and reforms to the financial system that it can seek to complement and how can we ensure it does so effectively? These are some of the questions that will be addressed in this panel discussion.

TIME AND DATE:

16:15-17:30 – 14th June 2023

room

UNFCCC  SB58 – Room Bonn

AGENDA

Time

Actividad

16:15

Opening, introduction of speakers, scene setting

  Gaya Sriskanthan, Rosa Luxemburg Stiftung

16:20 

Overview of the BI and Barbados’ intention for how it would respond to some of the current debt and climate finance problems being faced by global south countries

Representative of the Barbados Government

 16:30 

Present an analysis of BI against the current needs for financial systems reform towards fiscal justice, as expressed in demands from global south governments and movements 

Bodo Ellmers, Global Policy Forum

 16:44 

 The implications of a push for private finance and the increase of debt implied in the BI’s approach

Emilia Reyes, Equidad de Género: Ciudadanía, Trabajo y Familia

 16:51 

How the BI relates to broader needs for climate finance (adaptation, mitigation and L&D).

Tetet Lauron, Rosa Luxemburg Stiftung

 16:58  

Perspectives from Latin America (LA) on climate financing needs, with a focus on the impact of debt in the region.

Adrián Martínez Blanco, La Ruta Del Clima

17:05

Reflections and responses to points raised in the discussion.

Barbados representative

17:30

Q&A + closing

Moderator: Gaya Sriskanthan, Rosa Luxemburg

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