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Explore our work with partners, globally and locally, to tackle social and economic injustice using a human rights lens.

5th Edition of the Climate and Sustainable Financing Week

5th Edition of the Climate and Sustainable Financing Week

On 7 October, we participated in the first day of the 5th edition of the Climate and Sustainable Financing Week, which was organised by GFLAC (Grupo de Financiamiento Climático para Latinoamerica y el Caribe). 

As part of REDFIS (Latin American and Caribbean Network for a Sustainable Financial System), we were invited to address the need for civil society to enhance its engagement with parallel processes of both progressive fiscal reforms, such as the future United Nations Framework Convention on International Tax Cooperation (UN Tax Convention), and climate financing debates, taking in mind the establishment of a new collective quantified goal (NCQG) during the upcoming COP 29 in Azerbaijan.

Our Associate Programme Officer on Economic Justice, Ezequiel Steuermann, addressed an audience of over 150 participants and explored the potential synergies between both processes above. 

A particular focus was placed on the distinctive relevance that platforms for interdisciplinary exchanges among civil society members have to enhance the sharing of knowledge and increase organisational capacities to respond to intertwined yet ‘siloed’ multilateral negotiations. 

In that regard, Ezequiel highlighted the importance of REDFIS (where GI-ESCR has actively participated by elaborating a policy brief on climate financing and fiscal policy and organising a webinar on the road ahead towards COP 30, among other activities) as a space in which to build bridges between climate financing goals to be defined at COP and progressive fiscal reforms which might serve as vehicles to effectively obtain the financial resources needed to fund adaptation and mitigation policies and give compliance to human rights obligations.

Addressing strategic challenges and milestones moving forward to 2025, he also highlighted how the next three years of negotiations of the UN Tax Convention will require ongoing civil society articulation to avoid the fragmentation of efforts and ensure that the NCQG is considered when defining environmental taxes and resource redistribution in the treaty, such as through the reallocation of taxing rights and the fight against illicit financial flows. 

Additionally, particular emphasis was placed on the need to ensure that the transfer of the G20 presidency from Brazil to South Africa effectively preserves and grows the momentum for progressive fiscal and climate reforms being pushed forward in such a framework, allowing for enhanced south-to-south collaboration. 

You can watch Ezequiel’s Spanish presentation here.

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