By 2030, the cost to tackle climate impacts and needs is projected to be $3–5 trillion per year. Carbon markets can play an important role in helping to address the climate crisis, but we must safeguard these mechanisms and address their corruption risks to ensure they achieve their intended benefit and impacts. That’s why USAID, with partners BHP Foundation and Global Partnership for Social Accountability, recently launched the Safeguarding Carbon Markets Challenge (SCM Challenge). The SCM Challenge will award multiple grants of between $50,000 and $500,000 to organizations with the best innovative concepts that counter corruption and strengthen transparency and accountability in carbon markets to preserve the benefits of critical climate finance. Learn more and submit your concept note by August 15 at 11:59 AM EDT. https://lnkd.in/en-gvJfw Resonance, Tetra Tech International Development
Management Systems International’s Post
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Sustainable Development Goal 17 is about "partnerships for the goals.". The official wording is: "Strengthen the means of implementation and revitalize the global partnership for sustainable development".Progress towards achieving SDG17 has been mixed. On the one hand, there have been some advances in areas such as development aid, remittance flows, and access to technology. However, funding for development remains a major challenge, particularly in low-income countries. Additionally, geopolitical tensions and the rise of nationalism in some parts of the world have made it more difficult to achieve international cooperation and coordination. Many developing countries are battling record inflation, rising interest rates and looming debt burdens, competing priorities, and limited fiscal space. A major surge in concerted action is needed to ensure developing countries have access to the financing and technologies needed to accelerate SDG implementation.
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The Sustainable Development Goals Summit 2023: The Future of Multilateral Cooperation at Stake? “The difficulties surrounding the implementation of SDGs also hinder the work on what happens in the more distant future,” KATJA CREUTZ and RICHARD GOWAN write. “So far, there are no plans for how to move forward after 2030, when the SDGs should have been implemented. It remains an open question whether the world can unite around “leaving no one behind” one more time, particularly when global tensions are on the rise. The lack of agreement on the development agenda may have harmful effects in the coming years for the world organization. At a time when the international political climate is deteriorating, the world desperately needs positive results, not a further erosion of multilateral cooperation.” #unitednations #un #sdgs #sustainabledevelopmentgoals
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The UN issues a cautionary note, warning that a debt crisis and low investment pose threats to sustainable development in 2024. There is an urgent need for global collaboration to address economic challenges hindering sustainability efforts. To mitigate these threats, nations and businesses should prioritise investments in sustainable initiatives, promote inclusive economic growth, and work collectively towards achieving the UN's Sustainable Development Goals. Learn more here: https://bit.ly/3OuvBJ6 #BusinessGreen #SustainableDevelopment #UNSDGs #GlobalCollaboration
'Another tough year': UN warns debt crisis and low investment threaten to undermine sustainable development in 2024
businessgreen.com
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🌍 Unlock the Potential of Article 6: Develop Your Host Party Institutional Framework Join us on April 16th for a new #carbonmarket webinar on institutional frameworks for #Article6 #emissionstrading. "Unlock the Potential of Article 6: Develop Your A6 Host Party Institutional Framework" features expert insights from #Senegal, #Pakistan, and more, including #SPAR6C toolbox guides authors. Why You Should Attend: 🌱Expert Insights: Gain strategic insights on procedures for authorization, transfer, tracking and reporting, key functions of government entities, institutional needs and requirements and the A6 Registry. 🌱 Global Perspectives: Hear firsthand from special guests in Senegal and Pakistan about practical applications and challenges of Article 6. 🌱 Interactive Q&A: Engage directly with experts and deepen your understanding of Article 6. Event Details: 📅 April 16th, 2024: 🕘 9:00 AM CET (Special guest: Senegal) | https://lnkd.in/dKH5kjjK 🕒 3:00 PM CET (Special Guest: Pakistan) | https://lnkd.in/dz_Bfn8R Don't miss this opportunity to make Article 6 implementation easier. Register early and share with peers who are keen on making a significant impact in #climateaction. See you there! 🌟🌿 Paula Macías Díaz, Benjamin Heras Cruz, Randall Spalding-Fecher, Syeda Hadika Jamshaid, Marshall Brown, Karen Olsen, Yliana Rios Benavidez, Urwah Khan, Xianli Zhu, Global Green Growth Institute, Carbon Limits AS, GFA Consulting Group GmbH, Kommunalkredit Public Consulting GmbH, International Climate Initiative
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Very interesting discussion on how to bridge the gap between adaptation planning and implementation by pursuing adaptation investment planning. This require actions in countries as well as actions within development partner organizations. The former would require better 1) articulating how adaptation priorities are critical for achieving longer-term development objectives and for moving from risk to resilience to prosperity; 2) developing pipeline of adaptation investments; 3) ensuring adaptation investments are prioritized by embedding climate risk considerations into planning and budgeting processes and assessing adaptation priorities vis a visa available fiscal space, 4) improving economic analysis of individual adaptation projects, 5) introducing reforms to incentive resilience actions within private sector and communities, and 6) strengthing capacity of local institutions. Equally important to strengthen processes within development partner organizations to 1) ensuring that all adaptation efforts are building on NAPs ; 2) prioritizing technical assistance resources for strengthening enabling environment and undertaking project preparation of adaptation projects; 3) adopting innovative financing instruments for mobilizing financing for adaptation; and 4) prioritizing support for transformational investments which goes beyond financing infrastructure solutions to include nature, social, gender and governance related support. Great insights that needs to be taken forward through implementation as as part of Climate Adaptation Investment Planning Program #CAIP-Program. Thanks to representatives from Bangladesh, Bhutan, Nepal, OECD - OCDE, International Institute for Sustainable Development Chiara Falduto Anne Hammill and Naeeda Crishna Morgado, Nanki Kaur Kathleen Anne Coballes Avani Dixit Mousumi Pervin Sugar Gonzales Paul Watkiss
Effective investment in #ClimateAdaptation is critical. We need a pipeline of adaptation projects, funding & an enabling environment to support investment in adaptation. Learn what countries are doing in this space👇🏼#cop28 https://lnkd.in/gm4S-JEu Arghya Sinha Roy Naeeda Crishna Morgado Anne Hammill Chiara Falduto YESHI LHENDUP Asian Development Bank (ADB)
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Breaking news - the latest Global #Sustainable Development Report from the #UN. Bad news - we are not making much progress and in fact lots of #regression. See the chart on p. XIX.
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It was really great to participate in the Asian Development Bank’s COP28 panel on closing the adaptation finance investment gap in developing countries. It was fascinating to hear directly from representatives of these countries about their struggles to secure essential funding for adaptation projects. I had the opportunity to highlight some key points from our recent OECD report on “Scaling up Adaptation Finance in Developing Countries.” Essentially, international providers need to: 1. Strengthen partnerships with countries needing finance, boosting their abilities to manage and attract funds for adaptation. 2. Reevaluate development practices and mandate to ensure adaptation is a central element in development initiatives. 3. Use blended finance in a way that appeals more to the private sector’s investment interests in adaptation. Additionally, I spoke about upcoming work from the OECD on the Climate Adaptation Investment Framework. This tool is set to help governments assess their enabling environments for securing adaptation investments, which is a big step forward. Thanks to ADB for the invitation! For more detailed insights, you can read the OECD report on adaptation finance here: https://lnkd.in/eviGD4-P #COP28 #adaptationfinance #climatefinance
Effective investment in #ClimateAdaptation is critical. We need a pipeline of adaptation projects, funding & an enabling environment to support investment in adaptation. Learn what countries are doing in this space👇🏼#cop28 https://lnkd.in/gm4S-JEu Arghya Sinha Roy Naeeda Crishna Morgado Anne Hammill Chiara Falduto YESHI LHENDUP Asian Development Bank (ADB)
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📚 CSO Partnership for Development Effectiveness and The Reality of Aid Network launched the Private Sector Watch: Global Synthesis Report 2023! 🌍 As the world races against time to meet the 2030 SDGs, the report sheds light on concerns about immediate profit emphasis and the overshadowing of smaller enterprises' positive contributions. 🔗 Read the full report here: https://cutt.ly/nwOuFz8Y
Private Sector Watch: Global Synthesis Report 2023 - CSO Partnership for Development Effectiveness
csopartnership.org
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Climate Finance Officer | GRI Certified Sustainability Professional | Environmental and Development Economist
Doubts over the Sustainable Development Goals and reaching their fast-approaching 2030 deadline (surely movable) have been heightened in recent days after the United States, United Kingdom, and assorted allies rejected wording in a draft declaration ahead of a key summit next month. While lofty and definitely worthwhile, the SDGs are arguably pretty unlikely to be achieved on time — especially ending world hunger by the end of the decade. Hunger is on the increase and nowhere near being eliminated. But a new spanner has been tossed into the mix. The U.S., U.K, and allies have blocked agreement on a draft declaration advocating the need to accelerate progress on a set of the targets at a major summit at the United Nations headquarters next month, according to several diplomatic sources. The Biden administration objected to some key provisions in the draft, including calls to reform the international financial system and establish a multibillion-dollar development stimulus plan, insisting such matters are addressed within financial institutions and multilateral banks. The U.S. says it’s committed to the reform, but it doesn’t like how it is handled in the draft.
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Energy, Environment & Sustainability Advocate, Board Chairperson - European Union Youth Sounding Board (Uganda) & Member of The East African Youth Parliament
Uganda needs approximately $28.1 Billion to implement her updated Nationally Determined Contribution (NDC), which is virtually half of our GDP! Carbon markets have the potential to unlock the much needed climate finance to enhance our climate action commitments & aspirations. Carbon markets can and do play a crucial role in climate finance mobilization by providing financial incentives for reducing greenhouse gas emissions. They provide the requisite latitude for companies and individuals to buy and sell carbon credits, encouraging investment in green projects whilst catalyzing socio-economic development, concomitantly. Carbon markets incentivize emission reductions while providing revenue streams for sustainable green initiatives, thus facilitating the transition to a low-carbon economy. Additionally, carbon markets have the potential to marshal private sector investment in climate-related projects, helping to bridge the wide financing lacunae for climate action. Through strategic investment and enabling legal, regulatory and institutional frameworks, we can bridge the knowledge gap, create the conducive environment necessary for optimal participation in carbon markets and ensure meaningful social-economic development and returns for all stakeholders. Here’s more - https://lnkd.in/dDQe94fs East Africa Carbon Markets Forum Africa Carbon Markets Initiative (ACMI) EU Environment and Climate European Union UNEP Copenhagen Climate Centre
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