On Sunday May 25, the side event on Taking Deforestation Out of Commodity Supply Chains convened in parallel with the 46th GEF Council meeting. The session was jointly organized by the WWF, Conservation International, United Nations Development Programme, United Nations Environment Programme, and International Finance Corporation in order to discuss the drivers of deforestation and production of commodities, while presenting positive trends for improved sustainability and decreased deforestation. Ian Gray, the GEF, welcomed participants while moderator Matthew Guyer, WWF-US, framed discussions. The panel included Andrew Bovarnick, UNDP, Bruce Wise, IFC, Iain Henderson, UNEP Finance Initiative and John Buchanan, Conservation International. Participants were invited to post comments and questions during discussion via a closed loop twitter feed.
The Work Programme on Long term Finance Wrap-Up Event opened today in Incheon, Republic of Korea. The event began with opening remarks from South Korea's Vice Minister of Finance, who highlighted the challenge ahead for the meeting. Representatives convened in plenary sessions and breakout groups to address the key elements that will need to underpin the likely pathways for mobilizing scaled up climate finance to US$ 100 billion, per year by 2020.
On Wednesday participants convened for the second day of the Long-term Finance Wrap-up Meeting with two plenary session and breakout groups on enabling environments and policy frameworks for effective deployment of climate finance.