Ms Siobhan Curran:

The wider context for public finance is a strong campaign by wider civil society to reform the international financial institutions, IFIs, and also to look at debt cancellation. These are parallel campaigns but completely related. On the one hand we are looking at a figure that for decades has not been delivered and is amounting in paltry benefits for developing countries. That obviously needs to be fixed. That is the purpose of the next COP and accountability there. There are also systemic changes that need to be forged out and debt cancellation is one of those.

The statistics between the debt experienced and the amount of climate finance countries are receiving are very stark. In respect of new climate finance and going to private providers and de-risking, I do not have detail of that but it relates to a parallel discussion on corporate accountability and the complete impunity for corporations with respect to human rights, climate and the environment. The parallel process of the UN treaty to regulate transnational corporations, which is approaching its tenth session this year, is very important. We need to connect the COP climate discussions with the parallel UN treaty discussions.