Statement of Glenn Stuart Hodes Climate Policy Expert low-carbon technologies. Dedicated activity budgets for policy monitoring and enforcing compliance to emissions standards are a requisite. 2) Integrating comprehensive risk management strategies into local planning and public investment frameworks to promote synergies between climate adaptation and disaster risk reduction. Green growth and long-term resilience can be fostered by requiring that feasibility studies and appraisals take into account existing evidence of past climate change damages and losses when evaluating alternatives. For example, a recent analysis shows constructing rural roads in Cambodia would require an additional 20% in capital costs to be sustainable and meet required ADB investment return rates after taking into account climate risk and mitigation measures. However, in many cases integrating climate proofing measures can make good economic and business sense in the medium-to-long term. Land and forest management laws, building codes, and local government acts can mandate that specific climate adaptation relevant objectives are included in programme design, accompanied by pre-identified key target areas and beneficiaries including the disabled.14 3) Installing systematic mechanisms and platforms for climate financing linked to robust systems to track and reward private investment. Green fiscal reforms such as revenues from carbon taxes or allowances can subsidize programmes and climate-proofing of infrastructure. A detailed NDC investment plan and platform to monitor, report and verify fund flows including private investments could serve to realign future economic growth in a manner that promotes a safeguarding of life, livelihoods, and property against climate extremes. An example is the Climate Finance MRV system developed in Colombia, which helps to track and verify climate-friendly private investment. New platforms can provide instruments and incentives for risk pooling and aggregating private investment in low-carbon infrastructure and service delivery otherwise not yet immediately commercially bankable. These can also be tied to carbon mitigation output and related performance-based results and build upon existing crowd funding platforms for sustainable energy and carbon investment.15 4) Setting minimum thresholds on budgetary spending and credit quotas by central banks for climate action at various levels, including LGUs. Data from the CCC indicate a rising trend of budget allocations and expenditure for climaterelevant activities. As a share of GDP, however, spending could be more proportionate to the estimated value of economic damages and losses and aligned. Fiscal transfer criteria can also be shaped to better incentive performance to meet national SDG13 goals and other SDG targets with climate change co-benefits.16 14 Under the SDGs governments are obligated to provide safe and accessible services to men and women who are differently abled. However, in practice, communities most affected by climate change and persons with disabilities are often excluded or not directly targeted in climate change and disaster management strategies or plans, despite provisions to equal access to protections. 15 For example, UNDP and TRINE have partnered to scale-up investment in high-impact energy projects such as off-grid solar. 16 For example, Brazil, India, and other countries have pursed various ecological-based fiscal transfer formula that can have a direct or indirect incentive on financing climate mitigation and adaptation action such as forest conservation. 4

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