CNBC Africa’s Post

Why do countries struggle to reach SDG 8 goals? A new Center for Global Sustainability-led analysis finds they face challenges in balancing: ➡️ Economic growth and increased energy demand with greater climate action ➡️ Economic development goals with green investment needs https://lnkd.in/gCHsxRDU

HFW partner Peter Zaman was interviewed by David Greely for the SmarterMarkets™ podcast and video at the IETA North America Climate Summit in New York. In the interview, which you can watch or listen to below, Peter shares his take on the impact US climate policy will have in the context of the upcoming annual Paris Agreement negotiations in Baku under the shadow of the November US elections. He also shares insights on how the different climate policies of the US and Europe are likely to impact commodity supply chains over the next four years, driven in part by demand for critical minerals. Peter is ranked Band 1 for Climate Change in Asia Pacific by Chambers and Partners, and he has been active in commodity, climate finance and environmental products markets since 2004. He uses his multidisciplinary background in climate and commodities to provide strategic advice and transactional support for businesses that wish to embrace the energy transition. For more information on his practice, please visit https://lnkd.in/gjK2B9e3   For details on HFW's work in the energy transition please visit: https://lnkd.in/ghHSExxM Watch or listen to the podcast here: https://lnkd.in/gTkNaYBg #CarbonMarkets #ParisAgreement #Decarbonisation #EnergyTransition #Article6 #VCM #ClimateWeekNYC #NACS202

Warren Evans, climate envoy at the Asian Development Bank (ADB), talked to CNBC International about the bank's priorities, and revealed how the institution is thinking about driving private capital into climate adaptation and resilience. Here's the key quote 👇 "One of the keys is to increase the amount of private sector capital going into that. And just as an example, on the mitigation side it's fairly easy to identify revenue streams from investments in renewable energy for example. So that's relatively easier to get private capital into those investments. Much more difficult is the adaptation side. And one of the areas we're focused on now is the use of what we call nature-based solutions, investing in natural capital to actually build resilience, to sequester carbon, and to generate jobs and economic growth and improve biodiversity across the region. So these are win-win-win-win types of investments and we're really scaling that up. When we look at those kinds of investments the opportunities for revenue streams for the private sector are emerging in a very major way." #climaterisk #adaptation #resilience #climatechange #climatefinance https://lnkd.in/ekcRwYet

🌍 Climate Security: A Crucial Link at #COP29 🌍 At COP29, #climatesecurity, conflicts and peace were part of the main discussions, shedding light on the undeniable interplay between climate change and conflict dynamics. Harriet Mackaill-Hill from International Alert shared her insights with me in the context of the COP project I am spearheading for IEGA - Institut d'études de géopolitique appliquée. Harriet offered a compelling perspective on why peacebuilding must be integrated into global climate discussions, what's going on what can we improve. Key takeways include: 🌱 Why Climate Security Matters While climate change isn't a direct cause of conflict, it exacerbates vulnerabilities by intensifying resource competition, disrupting livelihoods, and undermining resilience. 💡 Barriers & Opportunities at COPs Although peace and conflict are not formal #UNFCCC agenda items, progress is being made. Initiatives like the Climate Response for Sustaining Peace (#CRSP) and the #PeaceDay Declaration in Dubai have set the groundwork for deeper integration. However, challenges persist, including the exclusion of conflict-affected states from adaptation finance and the disconnect between high-level negotiations and on-the-ground realities. 🌍 The Path Forward Looking to #COP30 and beyond, some key advocacy points included: - More conflict-sensitive climate finance to ensure the most vulnerable communities aren’t left behind. - Breaking silos between climate, biodiversity (#CBD), and desertification (#UNCCD) COPs for holistic approaches. - More #inclusive dialogues to integrate climate security into core negotiations. 📢 As COP30 approaches, we must keep the momentum alive, ensuring that the voices of conflict-affected communities are heard and their needs prioritized in the global response to climate change. #ClimateSecurity #COP29 #PeaceAndClimate #COP #conflicts

🌍 The Link Between Climate and Conflict: A Crucial Issue to Integrate into International Discussions “Less than 1% of climate adaptation finance reaches conflict-affected areas, yet 75% of the most climate-vulnerable countries are also at risk of or experiencing conflict.” As part of our mission to explore the intersections between geopolitics and climate change, Gabriel Lagrange, Director of the Geopolitics of Climate Change Department at the Institute, spoke with Harriet Mackaill-Hill, Head of Advocacy on Climate and Conflict at International Alert. 👉 In this fascinating discussion, discover: 📌 How climate change exacerbates resource-related tensions. 📌 Why the COPs are essential forums to include the “slow burn of conflict” in climate discussions. 📌 Current barriers to conflict-sensitive climate action and potential solutions. 📌 What we can expect from COP29 in Baku and beyond. 📢 A must-read to understand why integrating conflict sensitivity into climate action is a pressing priority today. 🔗 Link to the interview in the comments.

Many emerging markets and developing economies (EMDEs) face specific challenges in scaling up their climate policies effectively. ↪️ Albert Ferrari explores the challenges, the role of capacity building + international cooperation to build capacity on carbon pricing and implementing climate actions. Read the full piece to learn more 🔗 https://loom.ly/pYjU_1A

Risks of violent conflict will rise as the green transition picks up speed - Developed economies need to show voters more convincingly the benefits of climate action

How can we drive impactful climate solutions in vulnerable contexts while strengthening partnerships between multilateral development banks and local communities?    At the Asian Evaluation Week 2024 in Shanghai, the IEU highlighted the critical role of evidence-based evaluations in climate interventions. From discussions on water, climate, and communities to navigating uncertainties in a rapidly changing world, the IEU’s contributions showcased the value of partnerships and robust evidence in driving sustainable impact.   💡 Learn more about how evaluation practices are shaping the future of climate action and development partnerships: https://lnkd.in/gY5rHS6b   #AsianEvaluationWeek #AEW2024 #ClimateSolutions #EvaluationImpact #GreenClimateFund #GCF   Green Climate Fund Independent Evaluation at ADB Andreas Reumann Prashanth Kotturi Jeehyun Yoon Cristiano Rossignoli

COP29 Azerbaijan is just around the corner, and the future of global carbon finance is at a crossroads. 🌍 Our latest blog explores the key initiatives on the table, including the New Collective Quantified Goal and the Loss and Damage Fund. These could redefine funding flows for carbon removal, advance climate justice, and ensure support reaches communities most impacted by climate change. 🌊 Learn what’s at stake at COP29 and the potential for meaningful progress in the global climate finance landscape. Read our analysis and hopes for the outcome of the negotiations here: https://lnkd.in/dkRwgSRN

Four UN environmental summits fell short in 2024. What happened? - At the heart of the breakdown lies a divergence in national priorities. Developing nations, grappling with developmental challenges, economic constraints, and the effects of climate change, have repeatedly demanded more technology and financial support from developed countries