The consultation on ‘How can we operationalise equity in the Global Stocktake (GST) debate?’ that took place in New Delhi on July 11, 2023, was organised jointly by the Council on Energy, Environment, and Water (CEEW), the Institute for Sustainable Development and International Relations (IDDRI), and the Indian Institute of Management – Ahmedabad (IIMA). The main objective of the workshop was to explore how equity and accountability could be integrated into the Global Stocktake process, especially in light of the growing developmental needs and perspectives from the global south.
There were two panel discussions held during the consultation:
Deepening Equity in GST Debate: This session delved into the challenges and opportunities associated with incorporating equity and justice considerations into the Global Stocktake process. It discussed ways to ensure that the GST is more inclusive and responsive to the concerns of developing countries.
Finance as a Bridge to Equity: This session focused on the role of financing mechanisms and civil society organizations (CSOs) in advancing equity in the context of global decarbonization goals. Nidhi Madan, Associate Director, Shakti, emphasised the importance of Indian civil society in facilitating international collaboration and the efficient allocation of climate finance to support developing nations. Additionally, she highlighted the role of civil society in championing the loss and damage agenda and creating platforms for like-minded nations to collaborate. She also emphasised the need for a monitoring framework to track and measure the flow of climate finance.
The panellists in both sessions were drawn from various sectors, including government, civil society, academia, and journalism, which provided a diverse range of perspectives on the issues of equity and finance in the GST debate.