The Conference of the Parties serving as the meeting of the Parties to the Paris Agreement,
Recalling the Paris Agreement,
Also recalling Article 2, paragraph 2, of the Paris Agreement, which provides that the Agreement will be implemented to reflect equity and the principle of common but differentiated responsibilities and respective capabilities, in the light of different national circumstances,
Further recalling Article 4, paragraph 5, of the Paris Agreement, which provides that support shall be provided to developing country Parties for the implementation of Article 4 of the Paris Agreement, in accordance with Articles 9–11 of the Agreement, recognizing that enhanced support for developing country Parties will allow for higher ambition in their actions, Recalling decision 4/CMA.4, particularly paragraphs 1–4, and decision 4/CMA.5,
Recognizing that Parties have different starting points, capacities and national circumstances and highlighting the importance of capacity-building support for developing countries,
Reaffirming the nationally determined nature of nationally determined contributions,
1. Expresses appreciation to the co-chairs of the Sharm el-Sheikh mitigation ambition and implementation work programme for 2023–2024, Amr Osama Abdel-Aziz and Lola Vallejo, and the secretariat for their work under the programme, including organizing the four global dialogues and investment-focused events thereunder in 2023–2024; and to the experts, facilitators and advisory panel members for their contributions to the dialogues and events;
2. Also expresses appreciation to the Government of Egypt for hosting in 2024 the fourth global dialogue and investment-focused event under the work programme;
3. Welcomes the progress of implementation of the work programme in 2023–2024, including through:
(a) Provision of a platform for deepening understanding of opportunities, best practices, actionable solutions, challenges and barriers related to the topics discussed at the global dialogues and investment-focused events;
(b) Provision of opportunities for matchmaking between project proponents and potential financiers through pitch hubs held at the investment-focused events;
(c) Publication of the annual reports on the work programme;
[...]
10. Recalls paragraph 14 of decision 4/CMA.4 and paragraph 9 of decision 4/CMA.5 and encourages Parties, observers and other stakeholders to submit views on opportunities, best practices, actionable solutions, challenges and barriers relevant to the topic of each dialogue under the work programme via the submission portal four weeks before each dialogue, noting that the submissions may include information on:
(a) The experts, potential financiers and investors to be invited to participate in the global dialogues and investment-focused events;
(b) The specific needs and circumstances of developing country Parties, especially those that are particularly vulnerable to the adverse effects of climate change, as provided for in the Convention and the Paris Agreement;
11. Requests the secretariat to organize, under the guidance of the co-chairs of the work programme, future global dialogues and investment-focused events under the work programme in such a manner as to:
(a) Enhance regional and gender balance among invited experts;
(b) Increase the number of participants from each Party, particularly from developing country Parties, including by expanding virtual participation opportunities;
(c) Enable Parties to contribute to determining the agenda, subtopics and guiding questions for the dialogues and events with a view to enhancing transparency;
(d) Enhance the matchmaking function to assist Parties in accessing finance, including investment, grants and concessional loans;
(e) Enhance understanding of regional perspectives;
12. Recalls paragraph 9 of decision 4/CMA.4, in which it was decided that other in-person or hybrid dialogues may be held each year in conjunction with existing events, such as the regional climate weeks, at the discretion of the co-chairs of the work programme with a view to ensuring inclusive and balanced geographical representation at the dialogues;
13. Notes the discussion at this session regarding the creation of a digital platform to facilitate implementation of mitigation actions by enhancing collaboration between governments, financiers and other stakeholders on developing investable projects in a country-owned and nationally determined manner;
14. Invites Parties, observers and other stakeholders to submit via the submission portal by 1 May 2025 views on the design and features of the platform referred to in paragraph 13 above with a view to an exchange of views on the platform taking place at the sixty-second sessions of the subsidiary bodies (June 2025);
15. Takes note of the estimated budgetary implications of the activities to be undertaken by the secretariat referred to in paragraph 11 above;
16. Requests that the actions of the secretariat called for in this decision be undertaken subject to the availability of financial resources.
