In response to COVID-19, the NDC Partnership launched the Economic Advisory Initiative in June 2020 to support governments in preparing climate compatible recovery packages by embedding economic advisors into ministries of finance and/or planning. With support from 13 of its members, the Partnership is embedding an estimated 50 economic advisors in 34 developing country members. There are two broad categories of advisory support—(i) Economic planning, which focuses on incorporating considerations of climate compatible growth in COVID-19 economic recovery response and ensuring the alignment of recovery plans with countries’ current or revised NDCs; and (ii) Climate finance, which focuses on identifying climate financing projects and initiatives, developing resource mobilization strategies, and establishing related financial instruments and mechanisms. The work of each of these advisors is being implemented, on a rolling basis, for six to twelve months between September 2020 and August 2022. A virtual Thematic Expert Group and a Green Recovery Network have also been established to enhance the economic advisory support and facilitate ongoing learning.
To learn more about the Economic Advisory Initiative, please contact the NDC Partnership Support Unit at email@example.com