Official Side Event Approaches to Capacity Building, Financing, and Financial Mechanisms

TESS argues that the success of a global plastic pollution treaty depends on a holistic financing pillar that secures resources from all domestic and international sources, ensures fair burden-sharing across the plastic value chain, and provides predictable support for developing countries. The statement notes that the draft revised treaty text already includes elements of this approach, such as the polluter pays principle, options for a dedicated multilateral fund, and mechanisms to align fiscal incentives and catalyze private sector investment.

• TESS defines a 'holistic approach' to resource mobilization as one that secures financing, technology, knowledge, and capacity building from all domestic and international sources, with a particular focus on developing countries.
• A holistic financing framework must ensure fair burden-sharing across the public and private sectors and all industries within the plastic value chain, while remaining sensitive to varying national circumstances and socioeconomic priorities.
• The draft revised treaty text incorporates several mechanisms to implement the 'polluter pays principle', including Extended Producer Responsibility (EPR) schemes for mid- and downstream industries and a plastic pollution fee for upstream polymer producers to address financing gaps in developing countries.
• The draft treaty includes options for financial mechanisms, such as a dedicated multilateral fund, and measures to catalyze private sector financing through disclosure requirements and control measures that signal investors.
• The draft text recognizes the importance of aligning domestic fiscal incentives with treaty goals, specifically through government spending, procurement, subsidies, and tax incentives, alongside the necessity of overseas development assistance for developing countries.

APA

Forum on Trade, Environment, & the SDGs (2024). Official Side Event Approaches to Capacity Building, Financing, and Financial Mechanisms. https://lyrical-cormorant.files.svdcdn.com/production/assets/images/Publications/INC-4_Financing_TESS-Statement_240424.pdf?dm=1714132492

Chicago

Forum on Trade, Environment, & the SDGs. Official Side Event Approaches to Capacity Building, Financing, and Financial Mechanisms. 2024. https://lyrical-cormorant.files.svdcdn.com/production/assets/images/Publications/INC-4_Financing_TESS-Statement_240424.pdf?dm=1714132492.

Wikipedia

{{cite press release |author=Forum on Trade, Environment, & the SDGs |title=Official Side Event Approaches to Capacity Building, Financing, and Financial Mechanisms |date=24 April 2024 |url=https://lyrical-cormorant.files.svdcdn.com/production/assets/images/Publications/INC-4_Financing_TESS-Statement_240424.pdf?dm=1714132492 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{forumontradeenvironmentthesdgs2024official, author = {{Forum on Trade, Environment, \& the SDGs}}, title = {{Official Side Event Approaches to Capacity Building, Financing, and Financial Mechanisms}}, publisher = {Forum on Trade, Environment, \& the SDGs}, year = {2024}, month = apr, url = {https://lyrical-cormorant.files.svdcdn.com/production/assets/images/Publications/INC-4_Financing_TESS-Statement_240424.pdf?dm=1714132492}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }