Climate Policy Initiative’s Post

"We don't fear the future; we shape it! ~ Barack Obama These words inspired the CTSE when we drafted CTSE Guidance Note 3 - the requirements for the CTSE Thematic/ Impact board. We have adopted an enabling mindset on the following principles - ✔️ You learn by starting through doing, to take the lessons and enhance. But first, you need to start. ✔️ First steps lead to further steps; it is the starting gun to create a transparency framework. ✔️ We need to level the playing field, building a sustainable finance ecosystem through disclosure addressing profit, people, and the planet. ✔️ We are all in a learning process towards a more sustainable finance ecosystem, but step by step, through time, all market players will adjust their transparency and processes. But today, we are glad to "JUST START" for a "SHAPED" tomorrow through action. Download a copy of the CTSE Impact Board requirements today ➡️ https://lnkd.in/eQxEcViX #UNSDGs #CTSEImpactBoard #ESG #SustainableStockExchange #FinancialInclusion #ClimateAction #ReducingInequalities #SMEs #Africa #MobilisingCapital #ClimateJustice #JustTransition #Taxonomies

"We don't fear the future; we shape it! ~ Barack Obama These words inspired the CTSE when we drafted CTSE Guidance Note 3 - the requirements for the CTSE Thematic/ Impact board. We have adopted an enabling mindset on the following principles - ✔️ You learn by starting through doing, to take the lessons and enhance. But first, you need to start. ✔️ First steps lead to further steps; it is the starting gun to create a transparency framework. ✔️ We need to level the playing field, building a sustainable finance ecosystem through disclosure addressing profit, people, and the planet. ✔️ We are all in a learning process towards a more sustainable finance ecosystem, but step by step, through time, all market players will adjust their transparency and processes. But today, we are glad to "JUST START" for a "SHAPED" tomorrow through action. Download a copy of the CTSE Impact Board requirements today ➡️ https://lnkd.in/eQxEcViX #UNSDGs #CTSEImpactBoard #ESG #SustainableStockExchange #FinancialInclusion #ClimateAction #ReducingInequalities #SMEs #Africa #MobilisingCapital #ClimateJustice #JustTransition #Taxonomies

The climate crisis is happening now, and we are way off course in meeting the SDGs. It is imperative that we work collectively, bridging the gap between both sectors – public and private – to effectively capitalise on the momentum generated by the proposed MDB reforms. To accomplish this, it is essential to enhance private investment, mitigate risks, and offer increased transparency and data to facilitate investment where it is most crucial. What we urgently require are specific recommendations and collaborative efforts from both sectors. This call to action aims to achieve precisely that. #CallToAction #PrivateInvestment #SustainableDevelopment

The State of #finance for #nature in the #g20 2023 - $7 trillion is invested globally each year in activities that have a direct negative impact on #nature from both #publicsector and #privatesector sources - ~ 7% of #gdp - > 30x larger than the $200bn of investments in #naturebasedsolutions (#nbs) in 2022 - #privatesector finance flows amount to US$5 trillion (71%) annually - > 140x larger than the $35bn of private investments in #naturebasedsolutions (#nbs) #climatecrisis #biodiversityloss #nature #climatefinance

I’m pleased to share that I had the chance to attend in person this week the Annual OECD Forum on Green Finance and Investment (GFI). This is a unique flagship annual event that brings together policy makers and experts from all over the world to share their views and experiences on the key policy priorities and untapped opportunities for international collaboration to speed up the critical shift of Finance towards a decarbonized economy in accordance with the Paris Agreement. The 10th edition of the Forum on GFI was focused on the acceleration of policy action to close the credibility gap that is arising with the approach of the 2030 deadline set in the Paris Agreement for a roughly 45% cut in global emissions as key milestone for reaching the Net Zero goal by 2050. The detailed programme and related resources can be accessed under the following link https://lnkd.in/ea2E9F9P

➡️ Our deep dive into #G20TFF continues with Pillar 2. In the journey toward #SustainableFinance, clear and accurate reporting is not just a regulatory requirement - it is the backbone of trust and progress. 📋 Pillar 2 calls for disclosing the plans but also the progress against science-based goals, encompassing both mitigation and adaptation efforts. 📄 It urges entities to report on greenhouse gas emissions comprehensively and to be transparent about the governance structures that oversee transition strategies. 🌿 It recommends disclosing climate data including Scope 1 and Scope 2 GHG emissions data, and material Scope 3 data as it becomes possible. The disclosure of Scope 3 emissions data can progress using a phased approach reflecting progress on data availability and capacity. ➡️ Read more about TFF – check out our 2-pager 🔗 https://bit.ly/3RrjcYu #StayTuned for tomorrow as we explore the 3rd Pillar of G20 Transition Finance Framework! U.S. Department of the Treasury | #PBOC | Kementerian Keuangan Republik Indonesia | Tesouro Nacional | Ministério da Fazenda | National Treasury of South Africa | South African Reserve Bank | International Labour Organization | OECD - OCDE | The Global Steering Group for Impact Investment (GSG) | ICMA - International Capital Market Association | Center for Climate-Aligned Finance | UNDP

Meet Akinyemi Awodumila, Climate practice leader, Deloitte In his opinion, the carbon market faces significant challenges, particularly regarding how governments can encourage climate investments while ensuring benefits for all stakeholders, including local communities. The #EastAfricaCarbonMarketForum has a crucial role in assisting regional governments in formulating policies that attract such investments. One notable experience in his work in promoting #carbonmarkets initiatives was when Deloitte aided a project developer and off-taker in navigating regulatory hurdles and compliance issues across various markets. This highlights the complexity involved in carbon market initiatives in the region. Looking ahead, the landscape of carbon markets in East Africa is poised for evolution. Anticipated developments include the introduction of innovative financing solutions and financial instruments tailored to support climate investments. These measures are expected to unlock funding and liquidity through carbon credits. To adapt to these changes, stakeholders must prioritize building trust and integrity within their projects. Trust plays a fundamental role in securing climate finance and advancing development objectives. #EACMF2024

🔊 So finally we collectively achieved another milestone for the "first time" to tackle the ongoing #climatechange crisis. ♻ For the first time, advanced (rich) countries delievered their longstanding pledge to provide an annual payment of USD 100 billion, which was achieved in 2022 - two years late than originally promised, as climate finance to aid the developing nations towards climate crisis. 🔰 According to Organisation for Economic Co-operation and Development (OECD) data, developed countries provided and mobilised USD 115.9 billion in climate finance for developing countries in 2022, up from USD 89.6 billion in 2021. ✅ The year-to-year increase of around 30% was the largest to date and was driven by significant funding increases from multilateral development banks – which contributed the most at $50.6 billion – individual governments and private finance mobilised by using public money to reduce investment risk. More ➡ https://lnkd.in/dZDJPAqh #climatefinance #sustainablefinance #greenfinance #lowcarboneconomy #esg #oecd #transitionfinance #climateanalytica

Yesterday, along with 10+ organisations and experts working on #JustTransition, our Climate and Energy team delivered an open letter to the #G20Brazil Sustainable Finance Working Group (SFWG). The open letter provides four key recommendations on how to incorporate just transition in the G20 finance track and inform progress as part of the G20 SFWG transition finance framework. The four key recommendations address: ⚡ The role that G20 finance ministers and central bank governors can play ⚡ The role of the identification of regions most at risk across G20 members coupled with place-based investments  ⚡ Stronger measurement and disclosure on the delivery of the “just” part of just transition ⚡ Knowledge exchange, capacity building and peer-to-peer learning As signatories of the letter, along with Natural Resource Governance Institute,  We Mean Business Coalition, Council for Inclusive Capitalism, Grantham Research Institute on Climate Change & the Environment, Rights CoLab,The B Team,WWF, The London School of Economics and Political Science (LSE), Tamara Krawchenko, PhD, Patrick Rondeau, Aaron Cantrell,  Rob Macquarie and UNDP Sustainable Finance Hub,  🤝 we stand ready to work with the G20 SFWG to further streamline just transition considerations in the G20’s transition. Access the open letter 👇 https://bit.ly/3vPWFfs #justtransition #g20

Join us for our upcoming webinar, "Managing Risks and Securing Sustainable Finance for a Green Future: Perspectives on the MENA Region" co-hosted by the Clean Energy Business Council (CEBC), the International Monetary Fund and Standard Chartered, as we explore the evolving landscape of sustainable finance in the MENA region and strategies for mitigating risks and seizing opportunities in green investments. 🗓️ Save the Date:  📅 Monday, 20 May 2024 🕒 4:30 PM – 6:00 PM GST 🔗 Location: Online on Zoom (Click below to register) This session aims to delve into a recent paper published by the IMF with insights from prominent industry leaders to foster discussions on navigating the challenges and opportunities inherent in this transition, particularly within the unique socio-economic context of the GCC and MENA regions. We are delighted to be joined by the following exceptional speakers: 👤 Dr. Nasser SAIDI, Founder & Chairman - Clean Energy Business Council (CEBC) 👤 Jerome Vacher, Senior Economist, Middle East & Central Asia - International Monetary Fund 👤 Gareth Anderson, Economist - International Monetary Fund 👤 Hind Chawki, Head of Financial Markets, MENAP - Standard Chartered 👤 Carla Slim, Economist, MENA - Standard Chartered Agenda: • Presentation by the International Monetary Fund - Key findings of the recently released paper, highlighting climate finance opportunities and policy recommendations for the MENA region • Intervention by Standard Chartered Bank - Economic Impacts • Panel Discussion • Audience Q&A During the webinar, the audience will have the opportunity to engage with our panelists in a Q&A session with the option to submit your questions in advance via the registration link. We invite you to access the IMF report to enrich your understanding ahead of the webinar. Access the report here: https://lnkd.in/dFU4DmEc Register now to secure your spot: https://lnkd.in/dHSXa3sF #Sustainability #GreenFinance #MENARegion #GCC #Webinar #IMF #CEBC #StandardChartered #CleanEnergy #SustainableDevelopment