Resonance’s Post

As the developing world agitates and awaits for the #Climate #loss and #damage funds. They need to show systems with appropriate direction where they will allocate their own national budgets in the same line of loss and damage. The sustainability of these financing model is questionable. The worries are more when it comes to countries in the red list of corruption, conflicts, and breaking economies faced.

🌍 Safeguarding #ClimateAction with #AntiCorruption Tools: A Roadmap to #JustTransition for #Development #Finance 🌍 In the fight for sustainable development and climate resilience, corruption remains a significant threat to achieving the Sustainable Development Goals (#SDGs). Join us for the “#Risk and #Resilience” side event during the Summit of the Future Action Days on 21 September 2024, where we will explore how robust anti-corruption frameworks can safeguard climate action and ensure the integrity of development finance. In a world where the impacts of climate change and geopolitical challenges increasingly disrupt global progress, corruption has the potential to divert much-needed funds, stall climate offset programs, and deprive vulnerable communities of their right to a better future. This event aims to bring together global leaders, policymakers, international organizations, civil society, and experts to collaboratively address these #risks. 🔑 Key Themes: -How corruption impacts financing for development and climate action. -Leveraging anti-corruption tools to ensure that funds dedicated to climate and development reach those most in need. -Insights into the role of anti-corruption measures in the full implementation of the 2030 Agenda for Sustainable Development. Hosted by: #UNODC, #WorldBank, #Brazil, #Colombia, #DominicanRepublic, #Norway, #UAE, #IMF, #GreenClimateFund, #UNDP, #UNCAC Coalition, and #TransparencyInternational 📅 Event Details: 🗓️ Date: 21 September 2024 ⏰ Time: 14:30 - 15:45 EST 📍 Location: United Nations Headquarters, New York (Room CR6) Corruption risks do more than damage financial flows—they fuel environmental crimes and threaten the very future of sustainable development. Join us as we work together to secure the integrity of climate action and development finance, ensuring that funds truly make an impact where they are needed most. Watch live here: https://lnkd.in/gsr6RYCe #ClimateAction #AntiCorruption #SustainableDevelopment #DevelopmentFinance #UNSummit2024 #RiskAndResilience #Transparency #2030Agenda #GCRI #OurCommonFuture #Risk #RiskManagement #GlobalRisks

Caring for Green Finance and Developing economies?

Are you interested in countering #environmentalcorruption? The Basel Institute is making headway: 🌿 Transparency International, the lead of our Climate Finance working group, moderated the #IACC2024 workshop dedicated to "Tackling Corruption in Climate Action". This event brought together global development organizations to discuss ways of putting integrity at the heart of climate action. 📢 The recording and key takeaways are now available in our latest blog: https://lnkd.in/ewUPYQEU 👉 Check more here and join our Climate Finance working group if you haven't already: https://lnkd.in/e3dX-v9T #ClimateFinance #ClimateAction #AntiCorruption #EnvironmentalCorruption

💡 Oxfam's recent report on climate finance uncovers significant discrepancies in how developed nations report their financial support to developing countries for climate change efforts. 📢 Key points from the article: ·   Oxfam claims rich countries are overstating their climate finance contributions to poor nations ·   The report suggests that the actual support may be only a third of what is reported ·   There's a call for more transparency and accuracy in climate finance reporting Founder and managing director, Namita Vikas, highlights the need for improved institutional mechanisms and standardized definitions to enhance access to climate finance and ensure accurate data reporting. Read the full article for more insights: https://lnkd.in/dt3RYRnD Sourajit Aiyer Aprameya Rao CNBC-TV18 #ClimateFinance #DevelopingNations #ClimateAction #AdapatationFinance

In order to address the scale of #climate #mitigation and #adaptation required, fiscal policies are required to support vulnerable communities and fostering investment International Monetary Fund #climaterisk #fiscal #policies https://lnkd.in/gCbgQ7cZ

Honored to keynote today the 2nd Symposium on Supranational Responses to Corruption: Integrity in Climate Finance and Action convened by The World Bank Grantham Research Institute on Climate Change & the Environment Transparency International Green Climate Fund. An essential conversation with the urgency of scaled up investment, the growth of carbon markets at hand. Integrity is essential for speed and scale. Major issues at stake involving governments, financial institutions, MDBs, private sector and civil society. #climate #development #procurement #standards #integrity

The deadline to submit proposals for the 2nd Symposium on Supranational Responses to Corruption is approaching this Sunday, February 4th! Join USAID’s CTC Grand Challenge, The World Bank, the Green Climate Fund, Transparency International, and several other partners to share your ideas on the connection between the climate action and integrity agendas. Learn more: https://ow.ly/tgck50Qucw0 #ClimateFinance #ClimateChange #StopCorruption

A big thanks to CPDC for this timely side event at SIDS 4 - Just and Accessible Climate Finance. Why Now? Caribbean Climate-Smart Accelerator's Cheryl Senhouse, Finance Innovation Director, shares insights on Climate Finance & the Climate Smart Map alongside esteemed panelists: Jwala Rambarran, Senior Policy Advisor at the Caribbean Policy Development Centre and Former Governor of the Trinidad and Tobago Central Bank; Christopher Sinckler, Former Alternate Executive Director, The World Bank and Development Specialist; maureen penjueli, Coordinator, Pacific Network on Globalisation (PANG); Pat Shako, Chief of Party, AbT Global - USAID RESET and moderator Geneva Oliverie, Development Specialist, CPDC. There is a growing recognition between #debt and climate crises in recent years. Additionally, #SIDS due to their inherent vulnerability to natural hazards, suffer from the impacts of the #climatecrises. The story of vulnerability, debt and climate change is not just a story about #money, #liquidity and #financing it is also a story about #history, #exploitation and how to enact #accountability. A copy of the session will be made available in due time.

The funding needs of emerging market and developing economies’ (EMDE) for climate action are immense. Innovative financing solutions and scaling up private capital are vital to close the funding gap and achieve EMDE climate objectives.