Olade signs cooperation agreement with the United Nations Framework Convention on Climate Change

Today, August 23, 2018, in Montevideo, Uruguay, the Executive Secretary of Olade, Alfonso Blanco, signed a cooperation agreement with the Executive Secretary for Climate Change of the UN (UNFCCC), Patricia Espinosa, in the framework of the activities taking place during the Climate Week of Latin America and the Caribbean.

Through this agreement, emphasis will be placed on training, information and discussion on relevant aspects of climate change in the energy sector. The first five main lines of action have been considered to initiate the activities of the Convention:

1. Strengthen the management capacities of decision makers by applying the Olade’s platform to prioritize transparency issues and monitoring, reporting and verification (MRV) systems; access to green finance and consideration of the price of carbon in public investments.
2. Facilitate dialogue roundtables and the establishment of a Latin American and Caribbean (LAC) platform of good practices among stakeholders participating in the process of accreditation and management of the Green Climate Fund (dialogue on access, synergies, accreditation processes and strategies to promote climate action in LAC with the Green Climate Fund).
3. Review, dissemination and training support by the UNFCCC of the MRV system on efficient public buildings, designed by Olade.
4. Incorporation of Olade into the Nairobi Framework Partnership (NFP).
5. Implementation of the information system – emissions module.

The Executive Secretary for Climate Change of the UN, Patricia Espinosa, said that this agreement “is a fundamental pillar in the integration process and the energy sustainability of the region”.

Facts about the UNFCCC

With 197 parties, the United Nations Framework Convention on Climate Change (UNFCCC) is the parent treaty of the 2015 Paris Agreement on Climate Change. The main objective of the Paris Agreement is to keep the rise in global average temperature this century below 2 degrees Celsius and to boost efforts to further limit the rise in temperature to 1.5 degrees Celsius above pre-industrial levels. The ultimate objective of all agreements under the UNFCCC is to stabilize greenhouse gas concentrations in the atmosphere at a level that prevents dangerous human interference with the climate system, within a time frame that allows ecosystems to adapt naturally and allow for sustainable development. Source: https://bit.ly/2MFpUtt

Department of Communication 

and Institutional Relations

gabriela.jarrin@olade.org