AOSIS Magazine Issue #1 PAF Recap | Page 8

AOSIS — THE PLACENCIA AMBITION FORUM RECAP THEMATIC COMMITMENTS/ ANNOUNCEMENTS Least Developed Countries (LDCs) reaffirmed their committed to net zero emissions across all countries by 2050, and to continue working with AOSIS in driving climate ambition. Italy committed to enhancing their Nationally Determined Contributions (NDCs), despite the challenges due to the COVID-19 crisis, and reiterated the EU’s commitment to submit their enhanced NDC by 2020, which would include emission reductions of 55% by 2030. The United Nations Development Programme (UNDP) reiterated its commitment to support Small Island Development States (SIDS) through their enhanced offer, which includes NDC enhancement, and support for COVID-19 recovery. The Global Climate Fund (GCF) committed to work on innovative financial structuring with partners to ensure that stimulus packages do not compound the debt burden faced by SIDS. GCF also committed to working to increase flexibility and improve access to finances, especially in response to COVID-19. The International Renewable Energy Agency (IRENA) reiterated its commitment to support SIDS through the SIDS Lighthouse Initiative, working jointly with UNDP and the NDC Partnership. The United Nation’s Secretary-General’s (UNSG) Special Adviser and Assistant Secretary-General for Climate Action 8 Team reaffirmed the UNSG’s commitment for advocating for access to finance and debt relief. Germany reaffirmed the commitment to continue supporting SIDS and all partners to enhance climate ambition, and announced that the Petersburg Climate Dialogue will be proceeding as planned. The United Kingdom (UK) reiterated its commitment to submit its revised NDC, as well as to double the climate finance which is being provided. The UK also committed to work with the most vulnerable countries to enhance adaptation and resilience, and also mobilize climate financing aligned with the 1.5 degree Celsius goal.