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Side Event: Socio-Economic Aspects of Climate Change Impacts in Serbia in the Context of UNFCCC Reports (In partnership with UNDP Serbia)

Side Event: Socio-Economic Aspects of Climate Change Impacts in Serbia in the Context of UNFCCC Reports (In partnership with UNDP Serbia)

This Side Event is being organized by the UNDP Serbia with assistance of the Belgrade Security Forum Team. The event will draw information and analysis from the draft Study on Socio-Economic Impacts of Climate Change in Serbia, followed by the expert presentations on Climate Change Adaptation Measures for the most vulnerable sectors and Climate Change Mitigation Measures proposed within the drafts of the Second Biennial Update Report and Third National Communication to the UNFCCC for the Republic of Serbia.

The Presentations will be followed by the Q/A session and open dialogue between panelists, experts and other stakeholders taking part in the event.

Overall discussion guidelines:

The Climate Summit in New York is a landmark event, which gathered participants from around the Globe to address the most pressing and burning issue of our time. Miroslav Tadc, UNDP Portfolio Manager on Climate Change issues will unpack the results of the Summit for the Participants and outline the global agenda on climate change in the years to come.

What are the impacts of the climate change on the society, and how climate change affect our economy? What are the budgetary implications and other macro-economic effects of climate change and effectiveness of the adaptation/mitigation measures and actions? How climate change impacts wage levels, labour supply and demand, credit implications, migrations and urbanisation? In addition to these topics, this session will also provide insights into socio-economic implications of climate change globally and how it helps nations around the globe to cope with the projected impacts.
In 2019, UNDP commissioned a Study on socio-economic impact of changing climate conditions re-investigates the effectiveness of different policy measures that are available for bringing the desired changes into the socioeconomic context.

The discussion will focus on climate change mitigation policies and measures proposed within the draft Biennial Update Report to the UNFCCC for the Republic of Serbia. The initial presentation will introduce set of priority policies and measures that are based on the data from the Greenhouse gasses Inventory for the Republic of Serbia, as well as on the relevant sectorial policy and strategic documents, as well as the official statistical data. Also, different climate change mitigation scenarios will be presented and discussed. The objectives of the session will be to: (a) report on progress made by the expert teams; and (b) have a dialogue with stakeholders on the accuracy, quality, completeness of the data and information presented. The session will also touch upon the new transparency requirements under the Paris Climate Agreement, NDCs and national monitoring, reporting and verification system. Presented data and information will also be discussed from the point of view of the upcoming National Climate Change Strategy with the Action Plan for Serbia.

What is the vulnerability to climate change in key economic sectors (e.g., agriculture, forestry, water management, biodiversity and health)? What are the climate change adaptation measures to be included in the Third National Communication to the UNFCCC for the Republic of Serbia? What are the socio-economic implications of proposed adaptation measures?The session will seek to address challenges and concerns regarding the co-benefits of climate change adaptation and mitigation measures, impacts on loss and damage and how the climate change adaptation measures can be closer linked to national disaster risk reduction policy. The objectives of the session will be to: (a) report on progress made by the expert teams; and (b) have a dialogue with stakeholders on the accuracy, quality, completeness of the data and information presented. The session will also touch upon the new transparency requirements under the Paris Climate Agreement; NDCs and national monitoring, reporting and verification system.