*[Enwl-eng] Here is the latest news from the High-Level Champions!
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enwl at enw.net.ru
Mon Aug 7 19:31:45 MSK 2023
UN Global Climate Action
04 August 2023
High-Level Champions'
Newsletter
Landmark IMO agreement starts shipping race to
zero
A monumental agreement charting a course to
decarbonise the shipping sector by 2050 was recently adopted by Member
States of the International Maritime Organization (IMO).
For the first time, all 175 Member States
agreed on a common objective: to achieve net zero GHG emissions by or around
2050 and ensure a just and equitable transition to a 20-30% reduction in
shipping emissions by 2030, progressing to a 70-80% reduction by 2040. On a
per-ship basis, these measures would require around a 90-95% reduction of
GHG intensity by 2040.
The UN Climate Change High-Level Champions for
COP 27 and COP 28, Dr Mahmoud Mohieldin and Her Excellency Razan Al Mubarak,
welcomed the commitment as a vital step towards the goal to keep global
warming to 1.5 °C and ensure a just and equitable transition.
H.E. Razan Al Mubarak, said the outcome:
“...shows what is possible through international cooperation, building
consensus and working together in addressing the urgency of the climate
crisis. The emission targets landed in this strategy, including the 2030
Breakthrough, send a clear signal that shipping is part of the climate
solution.”
Dr Mahmoud Mohieldin added: “ …this revised
strategy which aims to achieve net-zero emissions in the shipping industry
by 2050 is a positive step particularly for developing economies. Several
African countries are already poised to become major players in a green
hydrogen economy, which can help the shipping industry reduce its GHG
emissions.”
H.E. Razan Al Mubarak echoed this sentiment in
a recent Thomson Reuters article stating that shifting the shipping sector
to zero emission fuels would create immense potential to “buoy up all
boats,” especially lower income regions, such as Africa and India, through
increased resilience and economic growth.
The IMO’s agreed GHG strategy:
1.. Sets a level of ambition to keep 1.5C
within reach, reducing shipping GHG emissions to net zero by or around 2050
with ambitious, robust interim check-points for 2030 and 2040.
2.. Commits to a lifecycle approach for
assessing emissions to avoid shifting emissions from sea to land.
3.. Specifies a clear and rapid timeline for
adopting and applying binding regulatory measures.
4.. Commits to a green transition for
shipping that will be just and equitable; leaving no one behind.
As ships being built now will be in service by
2040, all ship orders from now onwards must be capable of running on zero
emission fuels by 2040, if they are to be useful for their full lifespan.
The Baltic and International Maritime Council (BIMCO), the world's largest
direct-membership organisation for shipowners, charterers, shipbrokers and
agents, commented, “The BIMCO secretariat is of the firm belief that the
revised IMO strategy is a game changer for the shipping industry, and it is
important for all to understand its implications for both existing and new
ships.”
Global mandatory measures and regulations will
enter into force in 2027, consisting of a global GHG fuel standard and an
economic measure that sets a price on GHG emissions based on full lifecycle
emissions. John Butler, President & CEO of the World Shipping Council (WSC)
commented, “The next two years will be critical – for 2050 targets to be
achievable IMO member nations must develop and agree on a lifecycle-based
global fuel standard and economic measure by 2025, so they can be
implemented by 2027.”
With this resolution firing the starting gun
on the race to zero emission shipping, we call for companies across the
maritime value chain to join the 76 maritime actors already in the Race to
Zero - to collaborate on the shift to a decarbonized shipping sector.
Dr Mohieldin addresses the European Regional
Forum, Frankfurt
Mohieldin attended the Second European
Regional Forum on ‘Climate Initiatives to Finance Climate Action and the
SDGs during which he highlighted the role of the Five Regional Roundtables
Initiative, held by the COP27 and COP28 Presidencies, the UN Regional
Commissions and the High Level Champions, in raising climate finance, by
showcasing bankable, investable, and implementable projects to investors.
During his virtual participation at the event
in Frankfurt, Mohieldin emphasized the significance of investing in
renewable projects, which play a crucial role in reducing carbon emissions.
He also stressed the importance of all European actors participating in
initiatives related to Critical Raw Materials (CRMs), instrumental in
achieving the transition towards low-emission economies.
In addition he encouraged investors and
financiers to participate in financing climate and development projects in
developing nations and emerging economies. He also urged these countries to
improve their investment environments to meet the needs and requirements of
project owners, investors, financiers, and local communities.
The forum was attended by officials from
international and regional organizations, as well as European development
banks, including Esther Wandel, Head of Investment Funds and Sustainable
Finance Division at the German Federal Ministry of Finance, Dmitry
Mariyasin, Deputy Executive Secretary of the United Nations Economic
Commission for Europe, and Daniel Bouzas, UNEP Regional Coordinator to
Europe.
Paris Summit for a New Global Financing Pact -
unblocking the climate finance logjam
Around 50 Heads of State and scores of
representatives of international, private-sector, and civil-society
organisations recently gathered in Paris to forge a ‘New Global Financing
Pact.’ The meeting was proposed at COP 27 by Barbados Prime Minister Mia
Mottley and French President Emmanuel Macron to fundamentally discuss the
overhaul of the global financial system to unlock climate finance for
mitigation, adaptation and nature regeneration.
High-Level Champions H.E. Razan Al Mubarak and
Dr. Mahmoud Mohieldin attended the event with Mohieldin reporting that steps
were taken in the right direction at the Paris Summit, but “...the
challenges and opportunities of today’s world demand a greater degree of
resolution and persistence to surmount the obstacles to sustainable
development.”
H.E. Ms. Al Mubarak also spoke at an event
outlining a new roadmap for the development of high-integrity biocredits and
Dr. Mahmoud Mohieldin attended discussions on unlocking credit enhancement
for sustainability-linked sovereign finance and mobilising GFANZ private
capital. In addition, Mohieldin attended the ‘Finance for a just renewable
energy and hydrogen economy” event organised by the Green Hydrogen
Organisation (GH2) and provided closing remarks at a gathering of the
Sustainable Debt Coalition on actionable recommendations on the theme of
debt and climate change.
At the Summit, Mohieldin and Bogolo Kenewendo,
Special Advisor to the Champions, zeroed in on the hard reality that it is
more expensive to borrow money for climate action projects in poor countries
than it is in wealthy countries. This logjam is slowing the flow of finance
for low-and middle-income countries, from $91bn in 2019 to less than $60bn
in 2022, according to the World Bank. To address this, Mohieldin and
Kenewendo laid out the Champions’ vision for a new financial architecture,
allowing finance to surge into high-quality, shovel-ready projects that will
decarbonise developing countries.
A rich vein of bankable projects was showcased
at last year’s Regional Finance Forums in the run up to COP 27. For example,
over 30 electric motorcycle startups are on a mission to electrify East
Africa’s motorcycle-dominated transport sector. With an addressable market
of around 20 million motorcycles in use in Africa, and a quarter of those in
East Africa, there is a massive investment opportunity to divert transport
down a sustainable highway - by introducing cheap, clean-running electric
motorcycles. Rwandan start-up Ampersand Solar provides a cleaner, more
profitable alternative for the ‘boda boda’ taxi drivers which provide Rwanda’s
main source of youth employment. By switching to e-motos, powered with
swappable batteries, the boda boda drivers can slash their daily costs by
around 40%, compared to running petrol vehicles - while addressing both
carbon emissions and air pollution. Ampersand plans to distribute more than
700,000 e-motos, generating $1.7bn in revenues by 2031 - an outsized impact
made feasible due to finance, plus an innovative smart ‘Pay-As-You-Go’
mobile payments model for boda boda drivers.
To unlock finance for innovative business
models such as Ampersand and many others, the Champions’ propose a “1% for
1.5 °C” model - to extend below-market-rate, or concessional, capital for
developing countries. Through this, multilateral development banks, such as
the World Bank, could boost climate resilience in developing countries by
offering a one percent interest rate, a 10-year grace period, followed by a
20-year repayment period.
Paris summit - key outcomes:
a.. The IMF has fulfilled a pledge to make
$100bn in Special Drawing Rights available to climate-vulnerable countries,
providing them with much-needed liquidity.
b.. Senegal reached a $2.7bn deal for clean
energy investments from developed countries, while Zambia locked in $6.3bn
of debt restructuring.
c.. World leaders including Joe Biden,
Emmanuel Macron, Luiz Inácio Lula da Silva, Ursula von der Leyen, Fumio
Kishida and William Ruto signed an open letter, agreeing to collaborate to
address the interrelated shocks of intensifying poverty, debt, income
disparity - alongside the deterioration of the climate.
These are important developments, but as
Mohieldin stressed in a TV interview with “Al Arabiya” from the Paris
Summit, curtailing dangerous climate change requires funding of about $2.5
trillion annually. There is much unfinished business that needs to be
tackled this year – including at the Africa Climate Summit in September and
COP 28 in November, to overhaul the financial system to protect
climate-vulnerable countries, and the world at large, from the intensifying
climate and nature crises.
Africa Climate Week 2023: A Major Opportunity
Ahead
Excitement is building for Africa Climate
Week, to be hosted in Nairobi, Kenya, from 4-8th September, which provides a
decisive pre-COP 28 moment to unite stakeholders behind a just transition in
Africa.
The Champions will show up in force to drive
systems transformation, by encouraging collaboration between cities,
regions, businesses and investors, to deliver enormous benefits for the
continent and globally through four events under the thematic tracks of:
1.. Energy systems and industry.
2.. Cities, urban and rural settlements,
infrastructure and transport.
3.. Land, oceans, food and water.
4.. Societies, health, livelihoods and
economies.
Importantly, this year, the Champions aim is
that adaptation is featured within 50% of both the content and outcomes of
each track event that they are planning to convene.
Registration for ACW2023 is now open. To find
out useful information for trip planning and participation in ACW2023,
please visit this FAQ page.
‘Advancing Clean Energy Together’ - the 14th
Clean Energy Ministerial
The world’s energy community gathered at the
14th Clean Energy Ministerial in Goa, India alongside the G20 Energy
Transitions Ministerial meetings. Governments, companies, technologists and
civil society came together under this year’s theme, ‘Advancing Clean Energy
Together,’ to promote policies and programmes and share knowledge.
The key focus of the Champions was to rally
leaders behind the Breakthrough Agenda, which is designed to make key clean
technologies attractive, accessible and affordable to all. We already have
all of the technologies we need for a 1.5 °C resilient world, now we need to
focus on demand creation and raising finance to enable technologies to be
deployed at scale. The Climate Champions Team’s Director of Policy and
Engagement, Nathan Cooper, led a panel at the event to showcase progress of
the Breakthrough Agenda in hard-to abate sectors, including power, steel,
and road transport.
Rio De Janeiro embraces Mangrove Breakthrough
Rio De Janeiro’s Secretary of State for the
Environment and Sustainability, Thiago Pampolha, recently committed to align
the State with the Mangrove Breakthrough initiative, which aims to secure
the future of 15 million hectares of mangroves globally by 2030. The State’s
proposed initiatives include:
a.. The restoration of 59 hectares of
mangroves in the Guapimirim Environmental Protection Area and 14 hectares in
the Guaratiba Biological Reserve, through the ‘‘Forests of Tomorrow Program’’
and other state initiatives.
b.. The conservation of mangroves via the
‘Olho no Verde’ forest monitoring program, detecting deforestation using
high-resolution satellite images and alerts that are automatically sent to
inspection teams.
c.. The reintroduction of endangered/extinct
fauna, including the protected Guará bird, which is a symbol of the
mangroves, which will be reintroduced into the State through the ‘Volta
Guará’ project.
d.. The compilation of a State Forest
Inventory, to monitor the quality and quantity of mangroves in the State
territory, totalling 18 thousand hectares along 19 coastal municipalities.
The Power to Persuade: finance leaders raise
their voices for science-based policy
Leading financial institutions are aligning
their advocacy efforts with their net-zero commitments, to drive
transformational change in their sector - and beyond. The capacity to
persuade is a critical component of the Race to Zero criteria, which
involves organisations actively going beyond their internal climate action
policies to call for ambitious regulation on net zero and resilience.
Financial systems are the endoskeletons of our
economies, and the three limbs of the system: insurance, banking and
investment carry tremendous potential to drive transformation, through
engagement. For example, when finance institutions advocate for
self-regulation to create a level playing field for decarbonisation, this
can send positive and impactful signals to governments. Areas where banks,
insurers and investors can advocate for change include internalising the
cost of carbon pollution onto corporate balance sheets, introducing
emissions trading schemes, and campaigning to phase out fossil fuel
subsidies.
Net Zero Asset Managers (NZAM) member, Aviva
Investors, for example, has proposed an ambitious roadmap to reset and
repurpose the global financial architecture - by reorienting markets to
support, not undermine, the Paris Agreement goals, and working in the
collective interests of all countries and stakeholders.
In 1944, the original Bretton Woods Conference
created the financial architecture the world needed to lift us from the
Second World War. Now, Aviva has set out a vision to hold a ‘New Bretton
Woods’ meeting in 2024 to realign the priorities of the global financial
system to deal with climate change. Aviva’s Climate Emergency Roadmap for
the International Financial Architecture is clear: a meaningful cost on
carbon – with clear market guidance on the rising future price curve,
increases in minimum pricing and measures to avoid carbon leakage – “...is a
necessary and essential part of the required response to the climate
emergency.”
Aviva is also advocating for the creation of a
‘unified global transition plan,’ combining the transition plans of all
governments, policymakers, regulators, supervisors, market participants and
corporations. This vision for transition plans as a lever for accountability
is evident within the UK government’s Transition Plan Taskforce, (an
initiative that Aviva co-chairs), to introduce mandatory transition plans
across all corporations, to deliver the country’s legally binding net zero
target.
Aviva is not alone; other financial
institutions, including Legal & General, Phoenix Group, NN Group and Nordea,
also rank highly in InfluenceMap’s league table of companies that direct
lobbying towards sustainable finance policy. Forward-thinking investors are
also joining the groundswell. The Global Investor Statement to Governments
on the Climate Crisis, for example, calls for ambitious government policy to
leverage private capital for climate action. It has been signed by 603
investors, representing $41 trillion USD assets under management. The
Statement contains bold investor-led policy recommendations, for example,
calling for enhanced national commitments; implementation of the Global
Methane Pledge; strengthened climate disclosure; and increased climate
financing for developing countries.
Actively calling for ambitious net zero
policies that bring all actors along shows a wholehearted commitment to
tackling climate change. To encourage this in finance and other sectors,
such as healthcare and education, Race to Zero recently launched its ‘5th P
(Persuade) Handbook’ at London Climate Action Week. The Handbook shows
‘pockets of the future in the present;’ outlining how a wide range of
non-Party stakeholders are engaging in science-based advocacy. In this
video, climate voices, from the UN High-Level Expert Group on the Net-Zero
Emissions Commitments of Non-State Entities - to Influence Map, explain the
significance of the ‘5th P’.
London Climate Action Week Advances Global Net
Zero, Nature and Resilience Agenda
London Climate Action Week (LCAW) in July
hosted a wide range of meetings to drive global impact on net zero, climate
adaptation and resilience.
At the opening of LCAW, and marking the third
anniversary of Race to Zero, H.E. Ms. Al Mubarak addressed the
Champions-hosted event, ‘The Race is On: Net Zero & Nature Positive for
Climate Action’ where she acknowledged the immense challenge of climate
change and nature loss, calling it “one of the greatest challenges that we
all face.” However, she found hope in “ambition in the real economy,”
underscored by the 11,000 Race to Zero members that are driving towards the
collective goal to halve emissions by 2030.
Andrew Steer, President & CEO of the Bezos
Earth Fund, reinforced this point, highlighting the vital role of “tipping
points” — moments of dramatic, rapid change — that are emerging in various
sectors, such as green hydrogen. For example, Steer pointed out that the
cost of an electrolyzer, a significant component of green hydrogen
production, has fallen by 70% in the last decade, providing major investment
opportunities in low-income countries that are rich in renewable resources,
such as India and countries across Africa.
H.E. Ms. Al Mubarak also promoted regional
climate action, encouraging the implementation of metrics for the
involvement of women and small and medium-sized enterprises, as well as
greater engagement with the world’s youth. Central to progress towards the
Paris Agreement goals, she said, was nature. She argued that nature is “not
ornamental, but fundamental” in our quest for a net zero and resilient
future, reflecting her vision for a nature-positive economy that was
recently published in the Economist.
H.E. Razan Al Mubarak, also joined Race to
Resilience (RTR) Ambassadors Gonzalo Muñoz and Feike Sijbesma at the event,
‘Catalyzing Action for Climate Adaptation & Resilience – Making the Business
Case,’ co-hosted by Resilience First, a partner of RTR, in collaboration
with the World Economic Forum, PwC, and WSP. The event emphasized the six
Task Forces that were newly launched to deliver the Sharm-El Sheikh
Adaptation Agenda (SAA) and advance the Race to Resilience, and importance
of private sector leadership to drive a just transition and catalyze
business resilience.
In addition, Dr. Mahmoud Mohieldin spotlighted
the Race to Zero’s ‘5th P Handbook’, a guide for non-state actors on how
they can align their advocacy, policy and engagement with net zero goals, in
the context of just transition.
New corporate reporting standards launched
An important milestone for corporate
sustainability reporting was announced during LCAW, with the establishment
of the International Financial Reporting Standards (IFRS)' inaugural company
disclosure standards — which usher in a new era of sustainability-related
disclosures in capital markets worldwide. In a discussion focused on policy
and regulation, Mardi McBrien, Director of Strategic Affairs at IFRS
explained the potential of the International Sustainability Standards Board
(ISSB)’s first two sustainability standards: S1, a general requirement
standard covering all sustainability information, plus S2, a climate
standard based on the recommendations of the Task Force on Climate-related
Financial Disclosures (TCFD). The new comprehensive standards for
biodiversity, land aggregation, and just transition, provide much needed
clarity on reporting requirements for areas financially material to
businesses, including their supply chains. The increased granularity on
corporate disclosure is expected, in turn, to improve investor confidence in
the transition and inform investment decisions.
Marco Rossi, the Director of Standardization
and Technical Policy at ISO, also contributed, highlighting that the
direction of travel towards standardized reporting metrics is driving
ambitious action and integrity in the transition to net zero and nature
positive.
Race to Zero latest developments:
The Exchange Group rings the opening bell on
climate action
Race to Zero has gained a powerful ally in its
mission to decarbonise financial systems. The Exchange Group, which owns the
London Stock Exchange, and is a member of the Net Zero Financial Service
Providers Alliance (NZFSPA), has become the campaign's latest partner. The
partnership demonstrates a shared commitment to promoting ambitious
non-Party stakeholder leadership in the quest to halve emissions by 2030.
The Champions commended the Exchange Group’s
commitment to a net zero future and expressed their desire for continued
collaboration: “We warmly welcome the Net Zero Financial Service Providers
Exchange Group as an official partner of the Race to Zero, highlighting the
pivotal role of stock exchanges in catalysing the transition to a
sustainable future. This partnership harnesses the collective power of
financial service providers committed to achieving net zero emissions,
exemplifying the collaborative spirit essential to tackling the climate
crisis and inspiring others to join the global movement towards a just
transition to a net-zero resilient world.”
The Exchange Group's Net Zero Target
Framework, developed collaboratively with 56 industry experts from 28
organizations, equips capital market infrastructure operators to set
credible net zero targets. The Exchange Group's eight committed members will
now turn these targets into actionable steps within their respective
markets, customizing their strategies to fit local circumstances and
ensuring transparency in reporting progress.
Environmental Defense Fund and CLG Chile join
the Race to Zero
The Environmental Defense Fund’ Net Zero
Action Accelerator team has joined the Race to Zero as an Accelerator.
Bringing cutting-edge science, policy, and economic expertise, they equip
leading companies and their value chains with the resources and capacity to
act on their emission reduction goals.
Race to Zero also welcomes CLG Chile as an
Accelerator of the Race. CLG Chile was formed in 2009, after a visit from
His Majesty King Charles III, and due to the joint management of the Faculty
of Economics and Business of the University of Chile, the British Embassy
and the British Chilean Chamber of Commerce. The Group is currently made up
of 25 leading climate action companies and its objective is to influence
public policies in an open, transparent, serious, and informed manner.
Supporting its developers in the design of instruments that facilitate the
transition towards a carbon-neutral economy, seeking to maintain a
favourable space for business and aiming to generate and attract development
opportunities for Chile.
Accelerators drive us faster on the Race by
enabling the implementation of our criteria, and encouraging future members
to join Partner initiatives. Learn more about them here.
Built Environment reaches critical point, as
20% of key actors set ‘Breakthrough Ambition’
The Built Environment sector, a key
contributor to global GHG emissions and resource extraction, has achieved a
critical point, as 20% of major actors in the value chain, have now aligned
their ambition to transform the sector, by joining Race to Zero.
Through joining Race to Zero, these actors,
which include The Sustainable City in Dubai and French multinational Saint
Gobain, signal an emerging alignment in the sector to achieve the ‘2030
Breakthrough Outcome,’ whereby every project due for completion by 2030 will
operate with net zero emissions and have at least 40% less embodied carbon
than today’s standards. 20% of the Built Environment’s major actors is
momentous as their collective revenues exceed $700 billion, representing a
significant level of GHG emissions - together they can drive exponential
systems transformation in how human settlements are built and operated.
Despite the emerging alignment of non-Party
stakeholders, we must not lose sight of the fact that the Built Environment
sector is not on track to achieve decarbonization by 2050, as efforts to
decarbonise have been overtaken by the growth of the sector globally.
Responsible for almost 40% of global energy-related carbon emissions and 50%
of all extracted materials, the Built Environment sector is increasingly
recognized as a critical sector for climate action - most recently with the
COP 28 Presidency decision to include ‘Built Environment’ within the
conference programme.
Race to Resilience latest developments:
There has been incredible recent progress in
the Race to Resilience (RTR), with the continued efforts of global actors
once again proving that the race to a sustainable and resilient future is
well and truly on.
The RTR Methodological Advisory Group (MAG)
which supports the development and refinement of the RTR metrics framework,
welcomes six new members from different backgrounds and expertise.
Adaptation and resilience featured prominently
at London Climate Action Week, with the Champions team contributing to
events on resilient cities and regions, building standards, re/insurance,
and water and sanitation.
Sheela Patel, Society for the Promotion of
Area Resource Centres (SPARC) India (left) participating at the London
Climate Action Week event, ‘Cities Dialogue: Adapting Urban Infrastructure
to a Changing Climate.’
News from Race to Resilience Partners
The International Coalition for Sustainable
Infrastructure is calling for case studies for the second issue of the
Climate Resilient Infrastructure report. This issue will take a closer look
at the relationship between infrastructure and nature and will look to
highlight projects that incorporate nature in their design, processes, or
materials, or that positively impact natural systems.
The Global Fund for Coral Reefs (GFCR) has
announced an investment of up to $6 million into Carbonwave, the world's
leading developer of ultra-regenerative advanced biomaterials from seaweed.
By efficiently up-cycling sargassum seaweed, Carbonwave's biorefinery
addresses toxic and reef-damaging substances polluting the ocean and
shorelines in Mexico and the wider Mesoamerican Reef (MAR) Region
Build Change launches “Resilient Housing
Across the Americas”, a new web-series launched that brings a series of
conversations with leaders across diverse countries and industries
discussing the future of housing. See the first episode featuring Mayor
Mitch Roth of Hawaii County and stay tuned for future episodes, with World
Economic Forum leaders and more.
Extreme Heat Resilience Alliance (EHRA),
launched the Heat Season Campaign, to raise awareness around the impacts of
extreme heat, drive passion and urgency, reach city decision makers, and
provide solutions-focused guidance and act as a catalyst for change.
The Resilience Hub will be back with a
pavilion at COP28, as they aim to showcase the level of support and
collaboration for resilience as part of the climate action agenda. To do
this, they are proposing a ‘community’ mobilisation which will see the
wide-range of partners involved in the Race to Resilience.
Race to Resilience Solution Stories: Every
week, the RTR is showcasing the efforts of partners working towards building
the resilience of people and nature worldwide through solution stories.
Explore the latest stories here:
Planting the seeds of resilience: How
agroforestry is redefining cocoa farming in Central Africa
Partner: The Climakers
Implementer: CNOP-CAF (Concertation Nationale
des Organisations Paysannes de Centrafrique)
Country: Central Africa Republic
Impact System: Food and Agriculture
Hectares: 100ha planted
How innovative insurance solutions are
protecting Mesoamerican reefs and communities
Partner: Ocean Risk Resilience Alliance
(ORRAA), Insurance Development Forum (IDF) & Coalition for Climate
Resilient Investment (CCRI)
Member: Willis Towers Watson WTW
Implementer: Mesoamerican Reef Fund (MAR Fund)
Countries and region: Mexico, Belize,
Guatemala, and Honduras / Latin America and the Caribbean
Impact System: Ocean and Coastal / Finance
How oysters are helping protect Apalachicola’s
vulnerable shoreline
Partner: International Coalition for
Sustainable Infrastructures (ICSI) / Member: WSP
Implementer: Apalachee Regional Planning
CouncilCountry and Region: Franklin County, Florida, USA / North America
Impact systems: Infrastructure / Ocean and
Coastal
People directly benefited: < 12,500
Turning money into mortar: Transforming the
housing landscape in disaster-prone Philippines
Partner: Build Change
Location & Region: Philippines, Asia
Impact Systems: Infrastructure and Human
Settlements / Finance
Direct Beneficiaries: 45,000 people
Building coastal resilience in Portsmouth: A
city under siege by the sea
Partner: Cities Race to Resilience
Implementer: Portsmouth Local Authority
Location & Region: Portsmouth, UK. Europe
Impact System: Ocean and Coastal /
Infrastructure & Human Settlements
Beneficiaries: + 10,000 homes and 704
commercial properties
Keeping up with the Champions
H.E. Ms. Al Mubarak and Dr. Mohieldin attend a
roundtable on Credibility ahead of the SG’s Climate Ambition Summit
In preparation for the Secretary-General’s
Climate Ambition Summit in September this year, both High-Level Champions
attended a roundtable on the credibility and accountability of net-zero
pledges by non-State actors, convened by the Assistant Secretary-General on
Climate Action. During that Meeting, H.E. Ms. Al Mubarak reminded of the
urgency to put Nature at the forefront of climate action while Dr. Mohieldin
urged more private sector actors to use the Voluntary Carbon Markets
platforms to move towards a net zero resilient pathway in a truthful and
accountable manner.
H.E. Ms. Al Mubarak meets US Chamber of
Commerce on COP 28 ‘GreenTech Mission’
H.E. Ms. Al Mubarak met with representatives
of the U.S. Chamber during a recent ‘GreenTech Business Mission’ to the UAE
to connect leading U.S. businesses with potential investment opportunities
in the UAE, and to learn about plans and priorities for COP28.
Dr Mohieldin highlights need for investment in
human capital to achieve ‘triple transition’ at Spanish Ministry of Foreign
Affairs event
Mohieldin spoke at a Spanish Ministry of
Foreign Affairs workshop entitled ‘The Role of the European Union in
Enhancing International Cooperation to Deal with the Digital, Social and
Green Transition,’ where he stressed that investment in education, health
and employment services is just as important as infrastructure, to achieve a
fair, digital, and green transition.
Green Climate Fund Is Gaining Momentum, Dr
Mohieldin Advises GCF Board meeting
During his participation in the 36th meeting
of the Green Climate Fund (GCF) board in South Korea, Mohieldin advised that
the Fund's second replenishment is gaining momentum among European country
contributors and beneficiaries alike.
Dr Mohieldin attends launch of the COP 27
Business Leaders Group
At the first meeting of the COP 27 Business
Leaders Group, Mohieldin stressed the need to improve capacity building and
provide technological solutions in developing countries, as indispensable
elements to enable the private sector to participate in a just transition.
Dr Mohieldin addresses ‘Advocacy for Climate
and Development Priorities’ within the OPEC Fund for Development Forum
Speaking at the OPEC Fund for Development
Forum, Mohieldin stressed the need to reform the global financing system, to
provide sufficient, fair and effective financing for development and climate
action.
Dr Mohieldin addresses Ministerial on Climate
Action in Brussels
The meeting was convened to enhance
cooperation in the field of mitigation measures, mechanisms for countries to
accelerate global cooperation in the field of renewable energy and energy
efficiency in the near term, ways to accelerate the just transition of
energy, and achieve the goals of the Paris Agreement and sustainable
development.
Dr Mohieldin addresses the 2023 Forum of the
Standing Committee on Finance (SCF): Financing Just Transitions
During his virtual participation at the event
in Bangkok, Mohieldin highlighted that debt swaps for investment in nature
and climate, carbon markets and PPPs are vital tools to mobilize climate
finance to address the current gap.
Dr Mohieldin delivers keynote intervention at
the first workshop under the Sharm-el Sheikh dialogue in 2023
Mohieldin talked about the ways Article 2,
paragraph 1c), of the Paris Agreement, which is about making finance flows
consistent with a pathway towards low GHG emissions and climate-resilient
development, may complement Article 9 of the Paris Agreement, which
stipulates how developed countries provide financial resources to assist
developing countries with respect mitigation and adaptation.
In case you missed it
a.. In a letter from the President-Designate
of COP 28, the COP 28 Presidency has announced their priorities and the
thematic programme for COP 28, highlighting the sectors and topics raised by
stakeholders during consultations, including the themes which are part of
the COP agenda each year, and new, critical topics like health, trade and
relief, recovery, and peace.
a.. The Chairs of the subsidiaries bodies of
the UNFCCC have prepared guiding questions to support Parties and non-Party
stakeholders in preparing for the consideration of outputs component of the
first global stocktake (GST), in particular, in preparing submissions of
views on the elements for the consideration of outputs component by Friday,
15 September 2023, and in holding events at local, national, regional and
international level, in support of the GST. Guidelines on how to make
submissions can be found here.
a.. Extreme weather and climate shocks are
becoming more acute in Latin America and the Caribbean, as the long-term
warming trend and sea level rise accelerate, causing spiralling impacts on
countries and local communities. However, there is the potential to tap into
solar and wind resources and the region’s vital role in producing food and
ecosystem services that benefit not only the region itself, but the entire
planet, according to WMO’s State of the Climate in Latin America and the
Caribbean 2022 report.
a.. UNEP and the UN Climate-Change-convened
Fashion Charter launched the Sustainable Fashion Communication Playbook, a
guide for consumer-facing communicators in the global fashion industry to
align efforts to sustainability targets, incorporating both environmental
and social factors.
Mark Your Calendar
a.. Korea Global Adaptation Week 2023:
Incheon, 28 August - 1 September
b.. GCF Private Investment for Climate
Conference 2023: 4-5 September
c.. Africa Climate Summit: Nairobi, 4-6
September
d.. Africa Climate Week (ACW 2023): Nairobi,
4-8 September
e.. New York Climate Week: 17-24 September
f.. SDG Summit: United Nations, 18-19
September
g.. IEA Critical Minerals and Clean Energy
Summit: 28 September
h.. Middle East and North Africa Climate
Week (MENACW 2023): Riyadh, 8-12 October
i.. 8th World Investment Forum 2023: 16-20
October
j.. Latin America and Caribbean Climate Week
(LACCW 2023): Panama City, 23-27 October
k.. Asia-Pacific Climate Week (APCW 2023):
Johor, dates to be announced soon.
l.. Net Zero Festival: 31 October - 1
November
m.. COP 28: 30 November - 12 December
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From: Global Climate Action
Sent: Monday, August 07, 2023 3:54 PM
Subject: Vladimir, here is the latest news
from the High-Level Champions!
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