Future Earth Ltd’s Post

#RegenerativeEconomy is at bloom in the Amazon🏵️ Transitioning from green to regenerative, is getting traction through the elimination of negative subsidies for nature. Analysis of physical and transitional risk to climate change and biodiversity loss is the immediate step that private sector is already taking when designing new financial products. #AmazoniaFinanceNetwork is already taking action. #COP16 will boost this transition Taskforce on Nature-related Financial Disclosures (TNFD) United Nations Environment Programme Finance Initiative (UNEP FI) BIOFIN - Biodiversity Finance Initiative IDB Invest Simon Zadek Felipe Arango Mabel González Pacheco Mariana Bellot Hilen G Meirovich Gregory Watson Tatiana Schor

Fifteen exciting climate projects from across the country have been selected to take part in the third phase of the Climate Finance Accelerator (CFA) South Africa. The businesses were chosen from 173 applications following a rigorous selection process. The chosen projects come from the energy, transportation, agriculture, forestry and other land uses, circular economy and water sectors. The businesses concerned will receive tailored one-to-one and group support from financial, technical and gender equality and social inclusion experts to help increase their chances of securing finance from South African and international investors. For the first time two separate cohorts have been created to trial providing capacity building to promising early-stage projects. So far almost a third of projects from the first two phases of CFA South Africa have found investment since participating in the programme. British High Commissioner Antony Phillipson said: “It’s clear from the bids we’ve had into three rounds of the Climate Finance Accelerator that South Africa is a hotbed of ideas on how to tackle climate change in an innovative way. Support provided to these projects will help them secure investment, deliver green growth and jobs and contribute to South Africa meeting its climate commitments.” Read More: https://lnkd.in/gSGcdJTE #esgafricaconference #esg #environmental #social #governance #greengrowth #climatechange

"From this perspective, building Global South renewables ought not be thought of as charity, but rather as the rational and highest return investment." Supporting private enterprises in the Global South including their SME’s through increasing access to climate technology, climate finance and markets has to become a larger part of our climate story. This is not the case today. Stakeholders need to know that the Global South doesn't need charity. What we need is the opportunity to make the impact we're capable of. Enable these countries to make a difference, and the health of our planet will reflect it. #GlobalSouth #Climate #Investment

Global Gateway: EU and partners sign three EFSD+ guarantee agreements to boost sustainable development in partner countries The European Union launched three EU-supported investment programmes valued at €700+ million which will mobilise €6.3 billion in public and private investments, taking a big step towards closing the Sustainable Development Goals (SDG) investment gap.  EU and European Development Finance Institutions (EDFI) launch a new Global Gateway climate mitigation programme known as ‘Carbon Sinks’, aiming at mobilising €4 billion of forestry sector and other nature-based climate investments in developing and emerging countries. The programme will remove more than eight million tons of CO2 and other greenhouse gases from the planet’s atmosphere in global efforts to curb global warming and mitigate climate change and restore natural habitats. The EDFI Carbon Sinks Guarantee Programme received an injection of €366 million of EFSD+ support to be managed by the EDFI Management Company (EDFI MC). This support will be used to significantly boost the capacity of EDFIs to support higher investments levels into countries in Sub-Saharan Africa, Americas and Caribbean, Asia, the Middle East, the Pacific, and Western Balkans.  EDFI MSME Platform Plus Programme The European Union (EU) and EDFI Management Company (EDFI MC) together with European Development Finance Institutions (EDFIs) have also partnered up to scale up a key initiative aimed at generating employment, and enhancing financial inclusion, especially amongst Young Businesses in Africa (IYBA) and women-led businesses. The EDFI MSME Platform Plus Programme, supported by €255 million of EFSD+ guarantees, will provide critical support for job creation, and economic growth for micro, small, and medium enterprises particularly in the manufacturing, supply chain, and agriculture sectors in Sub-Saharan Africa and the EU Neighbourhood East regions, by supporting EDFIs to enhance their lending support to local banks. By addressing financial constraints faced by MSMEs, the programme intends to mobilise more than €2 billion in financing and enable smaller local banks to access EDFIs’ financing for the first time. https://lnkd.in/eY-qE9Ay #PPPs #publicprivateinvestments #SDGs #climateresilience #EFDI #foorestry #Africa #caribbean #Pacific #youth #women #SMEs #financialinclusion #IYBA #carbonsinks #climatechange #globalwarming #agriculture

Some good news on financing for nature. - The Government of Canada and the Asian Development Bank (ADB) announced a partnership to create a new Can$360 million trust fund (about $255 million). -The Canadian Climate and Nature Fund for Private Sector in Asia (CANPA) will support private-sector projects in #Asia and the #Pacific focused on climate and nature-based solutions while accelerating gender equity. -Canada is providing Can$350 million for project investments and Can$10 million for technical assistance. High-Level Climate Champions https://lnkd.in/dsmg3UEM

How the Public and Private Sectors Can Cooperate to Create Bankable #ClimateChange Projects: The case of #Mexico. This has come up during many of my recent conversations. Below are just some ideas to create bankable climate change projects and mobilize the necessary #investment: 1.    Strategic Alliances: between governments and private companies to share resources, knowledge, and risks. Example: the #GermanMexicanClimateAlliance works on the implementation of climate and #biodiversity objectives. 2.    Political Dialogue: between sectors to better understand their needs and capabilities. Example: The Economic Commission for Latin America and the Caribbean (#ECLAC) promotes dialogue between governments and companies to strengthen collaboration in climate mitigation and adaptation. 3.    Joint Financing: Create mixed/blended investment #funds where the public and private sectors contribute capital to finance #climatechange projects. Examples: #EcoBusinessFund, backed by bilateral donors (#BMZ and #EU), #DFIs (#FMO, #OeEb), impact investors (#Calvert), and private sector banks.  It seeks to address the lack of financing for local #sustainablebusinesses that contribute to #biodiversityconservation and #climateaction. 4.    Fiscal and Regulatory Incentives: such as #taxincentives or a favorable regulatory framework to attract private investments. Examples: #GreenGigatonChallenge aims to combat deforestation through public-private partnerships, incentivized by government policies. For the #renewableenergy sector in Mexico, a good first step could be an increase in the MW allowance for #distributedgeneration projects. 5.    Pilot and Demonstrative Projects: that demonstrate the technical and financial viability of #climatechangetechnologies, which can help attract private investment on a larger scale. Example: The #BarefootCollege in India, where indigenous Mexican #women are trained in #solarenergy. 6.    Transparency and Accountability: in project management to build trust among investors and facilitate the mobilization of resources. Example: Organizations like #SOSTENIBLES promote transparency in the management of climate change projects involving the private sector. 7.    Integration of Nature-Based Solutions (#NbS): to address climate change, as the #UNDP does in Mexico, in collaboration with subnational governments and the private sector. 8.    Knowledge Platforms: for the exchange of knowledge and best practices between the public and private sectors to foster innovation and collaboration. Example: Initiatives like the #SolarGrandmothers in Oaxaca, where indigenous women are trained in solar energy. 10.  Focus on Social Co-benefits: of climate change projects to make them more attractive to a variety of investors. Example: Projects funded by GEF’s #SmallGrantsProgramme demonstrate how investment in environmental recovery can have a significant social and #ecologicalimpact.

🌍 Trust & Transparency: 🔑 to Unlocking Climate Finance for Africa’s Sustainable Economic Development🌐 Africa holds immense potential 🌱 to lead in climate action, thanks to its vast carbon sinks like the Congo Basin and abundant renewable energy resources. But there’s one key missing ingredient stopping the full flow of climate finance into the continent: trust and transparency. 🔍 Here’s the reality: without trust, prices stay low ⬇️ and investment flows remain limited 💸. Carbon markets should be funneling billions into Africa🌍, but too often, a lack of transparency keeps this from happening. 💡 What’s at stake 🔍 🌱 Transparency and real time data ensures that carbon credits and carbon dioxide removals represent real emission reductions, not greenwashing. 💼 Trust between global investors and African governments is crucial to attracting higher prices and unlocking larger investments. 📑 Without clear standards and reliable data 📊, investors hesitate, and Africa loses out on vital climate finance. 🚀 The path forward ✅ ➡️ Integrity must be built into every step 🔑 of the carbon market process. From verification to monitoring, Africa needs strong, independent oversight to ensure projects deliver real results. ➡️ Transparency will boost investor confidence 🔝 and drive up the price of carbon credits, allowing Africa to command fair value for its natural resources. ➡️ Fair distribution of funds to local communities can turn carbon markets into a true engine 🚜 for sustainable development across the continent. ↪️ Trust + Transparency = Higher Prices + More Climate Finance 💰 Africa has the resources, but without the right systems in place, the full potential of climate finance will never be realized. 🌿 Now is the time to act, ensuring fairness and a long-term vision. 🌍 #ClimateFinance #CarbonMarkets #Sustainability #GreenEconomy #AfricaLeads #NetZero #Deforestation #RenewableEnergy #SustainableDevelopment #EnvironmentalProtection #CarbonCredits #ClimateActionNow #ClimateResilience #EcoInnovation #GreenTransition #AfricaClimateAction #CleanEnergy Adjei Gyamfi Gyimah, Elie Aloko, Andrew Takawira, Jessica Omukuti, Humphrey Waweru ( BSc., MSc), Alexandre Tremblay Ponton, Sandie KOUAME, David Whitehouse, Olagoke S. Lawal, MBA, FCCA, FCA, Christian Kitumaini, Julia Conrad, Darron Johnson, Tim Ellis, Vikram Raju, CFA, Charlotte Phatsimo Rahman (nee Ellis), Grant Davis, Joshua Romisher, CFA, Marc Daubrey, Edson Hlatshwayo, Victoria Kiggundu FCCA, MBA Nimrod Zalk, Iain McKie, Gian R. Grob, Sayantika Ray, Nolwazi Hlophe (She/Her), Omar F., Adolphine Kateka, Anshul Patel, Lydia Ngugi, Yike Fu, Candice Lanoix, Judith Mulwa, Mandisa Mathobela, Olympus Manthata, Pedro Huarte-Mendicoa Tato, Pritisha Uttamchandani, Edward Hoyt, Boble-wendé OUEDRAOGO, Oumar Seck, Sherif Ayoub, PhD, CFA, CPA.

As Africa transitions towards a climate-resilient, low-carbon financial system, the African Development Bank (www.AfDB.org), with help from the Climate Investment Funds (CIF) (http://apo-opa.co/3NaTp3W), is reinforcing its dedication to a simply transition throughout the continent. Consistent with this dedication, key decision-makers from Ghana, Kenya, Uganda, and Namibia just lately gathered in Nairobi for the ultimate session of the Just Transition Planning Masterclass, a important capacity-building initiative to help African nations in planning a good and inclusive transition to sustainable improvement. Delivered as a part of the African Development Bank’s ongoing efforts to advance Just Transition mainstreaming, the Masterclass offered a platform for members to boost their data, expertise, and networks. The initiative introduced collectively 25 policymakers, civil society organizations, and technical consultants from pilot nations to collaborate on sensible options for inclusive local weather motion. Specializing in every nation’s distinctive socio-economic panorama, the Masterclass geared up decision-makers with instruments to handle the disruptions attributable to the transition to cleaner economies. The ultimate in-person session, held from 17-18 September 2024, adopted 4 preparatory webinars. Contributors examined profitable circumstances of simply transition planning, introduced country-specific challenges, developed methods to deal with impacts on economies and livelihoods, and met with potential funders to discover financing choices for simply transitions. Bubacarr Sankareh, Lead Advisor to the Director-Common for East Africa Regional Development and Enterprise Supply Workplace, underscored the significance of the initiative in his opening remarks: “The transition towards clear and sustainable improvement would require reworking how we produce and eat vitality, handle sources, and drive our economies. These transformations will disrupt economies and livelihoods. A simply transition ensures these disruptions are addressed so nobody is left behind. In Africa, it’s about not solely minimizing the adverse impacts of local weather motion but in addition maximizing the event and prosperity that come from these transformative actions.” Sankareh famous that the transition will differ between fossil fuel-dependent and non-fossil fuel-dependent African nations, stressing the necessity for equitable entry to the advantages of sustainable improvement whereas sharing its prices. Caroline Aguti, Assistant Commissioner at Uganda’s Ministry of Vitality and Mineral Development, emphasised the necessity to revise Uganda’s vitality transition plan to combine social justice. She additionally known as on improvement companions, together with the African Development Bank, to repeatedly help nations by establishing related funding devices for simply transition investments. Kidanua Abera Gizaw, Coordinator of the Bank’s Just Transition

Fixing funding bottlenecks for Locally Led Adaptation 🌱 A new survey conducted by IIED, BRAC, and ICCCAD explores the operational hurdles preventing local organisations from accessing #climateadaptation funds. These findings highlight why it’s crucial to pave the way for #locallyledadaptation initiatives. 🌍 The survey reveals the top five key barriers that are by local actors: Eligibility criteria 📋 – 81% of respondents ranked rigid rules based on geography and applicant profiles as the top challenge. Indeed, informal sectors such as smallholder farmers often struggle to access financing due to the submission requirements. Lengthy application processes 📄 – For 75% of respondents, complicated multi-stage applications consumed valuable resources and were diverting the focus from on-the-ground activities. Due diligence requirements 📊 – Low risk tolerance and demands for strict financial statements create obstacles for local organisations, with 58% of respondents finding these rules restrictive. Inflexible #finance rules 💼 – 56% felt that limitations on overheads and rigid budgeting rules blocked local actors from addressing evolving needs. Success indicators 📊 – 53% called for a rethink of success metrics, which currently align more with donor expectations than local realities. What can #funders do? 🔑 The report offers practical next steps such as simplifying applications, broadening eligibility criteria, and rethinking due diligence to create a more inclusive system. Promisingly, reforms are already underway. The LDC LIFE-AR initiative, backed by the governments of the UK, Ireland, the US, Canada, and Norway, is pioneering LLA approaches. 🌟 💬 Let’s continue the conversation on how we can work together to remove these barriers and support transformative climate action at the local level! Read the full insights and recommendations here: https://lnkd.in/dHw92qzz PlanAdapt is committed to empowering communities in developing climate solutions that are inclusive, context-specific, and sustainable. Through its Co-Adaptation Lab, PlanAdapt tackles the very challenges outlined in this article by supporting locally led adaptation and fostering approaches that ensure solutions are driven from the ground up. Discover more about how we support community-led initiatives by visiting our website here: https://lnkd.in/eMZBU_z

👀🔗 Check out this compelling opinion piece by Kanni Wignaraja, United Nations Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, on the unique challenges the Asia-Pacific region faces in the face of climate change and sustainable development, and what UNDP is doing to support the countries across this region. Read it here: https://lnkd.in/dvU__TWa By 2050, climate change could cost the Asia-Pacific region a third of its GDP. Yet, there's a significant climate financing shortfall of $800 billion annually. Public finance alone can't bridge this gap; private capital must be mobilized.   UNDP is deeply committed to supporting the region through four areas of support:   🌍💰 Through initiatives like the “Unlocking Private Capital” program and Sustainable Finance Hub, UNDP supports the design of SDG-aligned investment projects and sustainable debt instruments. 📊🌱 UNDP has developed the SDG Impact Standards, helping businesses and investors worldwide to better incorporate sustainability, the SDGs, and impact management. 🗺️📈 UNDP has developed SDG Investor Maps highlighting SDG investment opportunity areas in over 40 countries, which investors use to formulate investment strategies. 📉📋 UNDP works with Securities & Exchange Commissions to develop SDG measures and guidance for their listed companies and provide a dedicated platform to track and report on their contributions to the SDGs. Marcos Neto | Tom Beloe | Marcos Mancini | Stephen Nolan | UNDP in Asia and the Pacific | UNDP China | BIOFIN - Biodiversity Finance Initiative | Taskforce on Nature-related Financial Disclosures (TNFD) | G20 Brasil 2024 | UNDP Sustainable Insurance Forum (SIF) | UNDP Financial Centres for Sustainability (FC4S)