Webinar: Tracking climate and biodiversity funding – how to use Rio markers?

Over the 2014-2020 period, the EU committed to spend at least 20 % of its budget on climate-related actions. These commitments are being stepped up in the Neighbourhood, Development and International Cooperation Instrument (NDICI - Global Europe) to at least 30 % for climate action. As regards biodiversity, in 2012 the Union endorsed the Hyderabad objective to ‘double total biodiversity-related international financial resource flows to developing countries’ by 2015 – and up to 2020 – against a baseline value of € 167 million per year. Over the coming years, the EU should also ensure that spending has no negative impacts on biodiversity and supports the achievement of biodiversity targets, including by aiming to dedicate 7.5% of the overall EU budget to biodiversity objectives by 2024 and 10% by 2026. In addition, President von der Leyen announced on 15 September 2021, in the State of the Union address, that EU funding for biodiversity will be doubled and that an additional € 4 billion will be allocated to climate finance in partner countries until 2027, especially for least developed countries, to close the financial gap and finance both adaptation and mitigation.

 

Four ‘Rio markers’ were developed by the OECD Development Assistance Committee (DAC) to identify the contribution of actions to the objectives of UN Rio Conventions (two markers related to the Framework Convention on Climate Change, one to the Convention on Biological Diversity and one to the Convention to Combat Desertification and Land Degradation). The Rio markers are used by DG INTPA to keep track of financial contributions to the Rio themes. In line with a methodology adopted by the OECD DAC, there are three possible scores (0, 1 and 2) for Rio markers. DG INTPA assesses that a certain percentage of an action’s budget can be considered to contribute to a Rio theme, based on the score of the corresponding Rio marker. 

Join the webinar to learn how to use Rio markers for tracking climate and biodiversity funding.

Registration links to follow this webinar will be accessible here from early October 2021.

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