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Mexican Dialogues
Public Private Dialogues on climate change

Background

The Government of Mexico, in collaboration with the WBCSD and ICC, organized a dialogue between governments and the international business community on 15 and 16 July 2010. This meeting launched a series of public – private dialogues, the “Mexican Dialogues”, to support the climate change negotiations towards COP 16/CMP 6 in Cancún, México and beyond. This partnership will foster a series of informal public-private sector dialogues on specific climate change topics – creating a new model for business engagement with governments on international climate challenges. The dialogues focus on topics that are relevant and critical to the current negotiations, namely: carbon markets, technology and financing. Others areanticipated to follow, including on REDD+ and MRV.

The Mexican Dialogues

The three initial Mexican Dialogues will focus on finance, markets and technology – three indispensible elements which will enable climate change solutions.

All three elements must work together to promote effective investment in the myriad of projects needed to address the climate problem. An institutional architecture will need to steer a policy process that will allow each element to draw on its own strengths and to work together to deliver results across the whole range of technology phases.

The first three Mexican Dialogues will draw on experts from the private sector and senior climate change negotiators. Each dialogue will concentrate on one topic, with the discussions focused on specific issues, while seeking to provide a complimentary part of the overall picture. Outlines of each of the dialogues are shown below. These are under development and subject to amendments.

First dialogue: Financing green growth

The role of the public sector in leveraging private finance: What are the drivers of private finance? What is the role of the public sector?

Managing climate change investment risks: What are the types of risks involved in climate change finance? What is the role of the UNFCCC in reducing risks? What kind of private and public risk hedging tools are available?

Institutional finance architecture: How could UNFCCC finance architecture be designed to encourage private sector investment

Second dialogue: Role and architecture of markets

What is the track record of markets in addressing climate change and what are the lessons learned? What is the status of existing mechanisms – CDM 5 years after the Montreal Protocol?

Where can market mechanisms play a useful role – mitigation, adaptation, REDD, technology etc.? What is the shape and what needs to be considered relating to proposed new mechanisms – role and architecture?

Markets but it is not only markets- what is needed to make markets work? What does the carbon market need from Cancún?

Third dialogues: Technology - Unleashing the pontential of the private sector
What kind of investment is needed to drive clean technologies, in particular, to developing countries? How can the technology institutional architecturebe designed to support this? Technology diffusion is an active process and needs to be nationally appropriate? What is the role of the private sector in supporting cost-effective diffusion? What lessons can be learned from existing projects.