Institute of Sustainability and Development Finance

Let’s have a deep dive on climate finance. A Transformative Year for Climate Finance: What Lies Ahead in 2025 By Trinity Makava Ncube, Manager - Carbon Finance, Market Strategy & Facilitation https://lnkd.in/de-USikq

Pre-SB62 African Group of Negotiators Expert Support (AGNES) Strategy Meeting held from 25 -28 February 2025 in Nairobi, Kenya AGNES Africa

Sustainability and or Environmental, Social and Governance (ESG) reporting should not only be a regulatory process but companies need to also explore and build on benefits that come with compliance. Incorporating ESG reporting can contribute to competitive advantage in the market place, mitigate social and environmental risks, promote good company reputation and brand loyalty, promote long term value creation, measure performance and unlock new and other innovative sources of capital and sustainability financing. #sustaibability #ESGreporting #Socialinclusion #Climateaction #Governance #Valuecreation

Be intentional about pursuing sustainable actions in this December. Eat healthy, reduce food waste, share holiday rides and reduce emissions and don’t forget to plant a tree.

The Climate Conference (COP29) is underway in Baku, Azerbaijan. It was attended by about 80 heads of States and Governments. The UN Independent High-Level Expert Group on climate finance has released its third iteration of the Raising ambition and accelerating delivery of climate finance report. The expert group projects emerging economies (other than China) will need US $2.4 trillion in climate finance annually by 2030. It calls for the New Collective Quantified Goal (NCQG) on Climate Finance to triple the $100 billion goal and equally triple finance from multilateral development banks. The text has NCQG has tripled from 10pages to 30pages with very limited days to discuss and agree on the important agenda item. Veronica N. Gundu- Jakarasi Rumbidzai Takawira NRTV

On the 7th of November 2024, the Enviro Roundtable officially launched the Zimbabwe Low Emission Coalition. Our Institute represented by Simukai Mukoyi, the Environment and Climatr Portfolio Officer shared on the country’s enabling policies and strategies to drive low carbon development including the Nationally Determined Contribution, Long Term Low Emissions Development Strategy, National Climate Policy, Climate Change Strategy and draft Climate Bill. He also shared on global initiatives such as the Mitigation Work Programme and the Just Transition Work Programme under the UNFCCC. He highlighted the importance of the Investment Forum events on mitigation. It is important for Zimbabwe to facilitate and strengthen low carbon development by convening leading organizations in the country to commit to integrate Low Emission Development Strategies (LEDS) the National Adaptation Plan (NAP), and the revised Nationally Determined Contributions, (NDCs), a process which will contribute towards transition to low carbon and resilient development while eradicating poverty and improving the quality of life for the people of Zimbabwe. The Coalition will work on supporting different institutions to pursue sustainable and climate smart initiatives. 🙌🙌

Summary of the findings on the UNEP Adaptation Gap Report 2024 The report finds that progress in adaptation financing is not fast enough to close the enormous gap between needs and flows, which contributes to a continued lag in adaptation planning and implementation efforts. International public adaptation finance flows to developing countries increased from US$22 billion in 2021 to US$28 billion in 2022: the largest absolute and relative year-on-year increase since the Paris Agreement. This reflects progress towards the Glasgow Climate Pact, which urged developed nations to at least double adaptation finance to developing countries from US$19 billion (2019 levels) by 2025. However, even achieving the Glasgow Climate Pact goal would only reduce the adaptation finance gap, which is estimated at US$187-359 billion per year, by about 5 per cent. The report calls for nations to step up by adopting a strong new collective quantified goal for climate finance and including stronger adaptation components in their next round of climate pledges, or nationally determined contributions, due in early 2025.

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The Government of Zimbabwe is hosting the second Climate and Development Conference from 2-3 October 2024 at the Harare International Conference Centre. Today, the country launched its Nationally Determined Contribution (NDC) Implementation Plan, NDC and Long Term Low Emissions Development Strategy Investment Framework and the Green Resilient Recovery Strategy and Investment Plan (GRRS & IP). Our Director Operations and Investments Dingane Sithole (PhD) contributed to authoring the Investment Framework and GRRS &IP. Zimbabwe is committed in accelerating climate action and at ISDF we are committed to providing all the technical support. Dorothy Rutendo Mushayavanhu Sydney Chisi Veronica N. Gundu- Jakarasi Tafadzwa Dhlakama McLarence Mandaza, PhD

Be part of the climate discourse in Zimbabwe. Contribute to Zimbabwe’s COP29 priorities and the advancements in implementing the country’s Nationally Determined Contribution and National Adaptation Plan towards low carbon and climate resilient development.