Following the welcoming by COP26 President and COP27 President Designate of the new Independent High-Level Expert Group on “Scaling up Investment and Finance to Deliver on Climate Ambition and Development Goals” at the May Ministerial meeting in Copenhagen on 13th May 2022, COP26 Presidency and incoming COP27 Presidency formalised in writing on 18th July 2022 their endorsement of this initiative with the co-chairs of the group Vera Songwe and Nicholas Stern. The High-level expert group will work in coordination and collaboration with the UN Climate Change High-Level Champions.
In the critical decade ahead of us, scaling up investment and finance to deliver on climate ambition and development goals is of utmost importance. This independent group will help develop and put forward policy options and recommendations to encourage and enable the public and private investment and finance necessary for delivery of the commitments, ambition, initiatives, and targets of the UNFCCC, Paris Agreement further reflected within the Glasgow Climate Pact, building momentum and further action for the Sharm el-Sheikh agenda and beyond.
The link to the authorization letter and the terms of reference are found here.