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Redefining Climate Financing: How Indigenous Led Funds are shaping equitable and accessible climate solutions

  • Indigenous Peoples Pavilion. COP 29 Blue Zone, Zone D, CP4. Baku, Azerbaijan (map)

Host Organisation

International Funders for Indigenous Peoples (IFIP)

Description

The event will be an engaging panel discussion with representatives of Indigenous Peoples Led Funds to shed light on the critical role Indigenous Led Funds are playing in reshaping the traditional climate financing by making it accessible to the Indigenous Peoples.

Indigenous Peoples are frequently praised and sympathized with for being stewards of nearly 80% of the world's biodiversity, yet their significant climate finance needs remain largely unmet. It wasn't until COP26 that donors established a dedicated funding mechanism for Indigenous Peoples. However, research shows that only 7% of the promised $1.7 billion has actually reached Indigenous Peoples and local communities (IPLCs). In contrast, the UNFCCC estimates the climate finance needs of developing countries at $5.9 trillion. With the majority of Indigenous Peoples residing in middle-income countries, their specific climate finance needs are estimated to be in the hundreds of billions.

As COP29 sets a new climate finance goal, we urge the donor community to engage with Indigenous-led funds that are transforming traditional funding practices to better meet the needs of Indigenous Peoples. Alongside bilateral, multilateral, and UNFCCC mechanisms, philanthropic contributions are a major source of climate funding. Thus, we urge the philanthropic communities to take a leading role in shaping the new climate finance goals and delivery mechanisms.

Specific Objective of the session:

1. Facilitate a dialogue on the values and strategies of Indigenous-led funds in advancing climate action for Indigenous Peoples and their communities?

2. Explore how emerging climate finance goals can be aligned to effectively and strategically align to address the specific the needs and priorities of Indigenous Peoples?

3. Identify actionable pathways to mobilize resources, both within and beyond the donor community, for climate action initiatives centered on Indigenous leadership and participation.

Speakers

1. Lourdes Inga (IFIP, moderator)

2. Lucy Mulenkei or Tarcila Rivera AYNI Fund

3. Mali Ole Kaunge or Anna Ndiko, Ereto Solidarity Fund for East Africa

4. Valeria Payé, Podaali Fund

5. Jennifer Lasimbang, Indigenous Peoples of Asia Solidarity Fund

6. Myrna Cunnigham, Pawanka Fund

Languages

English, Spanish, Portuguese

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20 November

How Asia’s Indigenous Peoples, LCs, and CSOs strengthened voices and capacity support effective local to global climate & biodiversity solutions
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20 November

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