Atlantic Council's Climate Resilience Center’s Post

🌍 The U.S. and Brazil unveiled a climate partnership! "Speaking on the sidelines of a G20 finance leaders meeting in Rio de Janeiro, U.S. Treasury Secretary Janet Yellen said that 'advancing work on climate and on nature and biodiversity can bring benefits not only to both of our economies but also to the region and to the global economy.' The joint work between the U.S. and Brazil, the two largest economies in the Western Hemisphere, will focus on four key areas, including efforts to facilitate countries’ ease of access to multilateral climate fund resources, a priority for Brazil during its G20 presidency this year." Learn more: https://ow.ly/YjfB50SNs3o #BrazilUSCham #Brazil #USA #ClimateChange #Environment #G20Meetings Via Reuters

It was a real pleasure to support the production of this policy paper from Global Sustainable Investment Alliance - #netzero is an economic and financial imperative but this is not yet recognised broadly with capital allocation not yet where it needs to be. The launch of the #PIVOT framework is much needed with crisp, clear recommendations for policymakers to unlock this. "Private capital needs to flow strategically and sustainably, financing the industries of the future while supporting the transition in developing economies at the same time. This paper examines why current capital flows remain misdirected and proposes steps for policymakers and investors to take to facilitate alignment of global capital with climate goals." Well done Canbury Will Martindale James Alexander and all the authors and contributors Nick Spencer Nico Aspinall Oliver Bettis Mike Clark Wendy Walford Jennifer Stott Lucy Saye

apt framing and analysis from Canbury pointing to the global #PolicyVacuum which represses concerted #ClimateAction necessary to avoid the #TragedyOfTheCommons of #globalheating and #natureloss the 4th pillar of the #InvestorAgenda is the activity and responsibility of #PolicyAdvocacy. but oh! it is such a weak pillar in reality. if we think about the 4 pillars as being 2 legs and 2 arms, the 4th pillar, policy advocacy, is the weakest and puniest extremity of the 4: it is un or under: appreciated, developed, used and valued. one could point to large global and domestic oligarchic companies (and the 0.1 pct of the wealthiest people) as being the culprits, suppressing the power of investors, in particular asset owners, which of course includes even the smallest investors (with but a yen or a rupee) and of course the unborn however in the end, it is the fault of Investors. investing is by definition #political and the power of investors has been abdicated and/or stolen pretending that investing is not political is itself a political ideological view. pretending that #ModernPortfolioTheory describes, acknowledges and embraces the financial, economic, natural, environmental, and social world is not based on reality. you snooze, we lose the success of a functional and steong 4th pillar is critical to investors and climate, to people and nature. but how would that even work? another year, another #COP

Asia's $800 Billion Climate-investment gap: ◾ Asia contributed ~66% of the global growth and would continue to do so in 2024. At the same time, it is home to >50% of global emissions, while being based in a region which is acutely vulnerable to climate change ◾ Pandemic took tole and depleted govt/public finances; policymakers are in deep need for private capital to push for their sustainability goals ◾ Currently accounting for 33% of sustainable debt, Asia has an apatite for $1.1 trillion annually, however, only $333 billion is being met ◾ China leads APAC through it's collaboration with EU that helps to attract climate financing through frameworks such as Common Ground Taxonomy and China Green Bond Principles ◾ Investors fear that inconsistencies in nation's climate policies and at times Greenwashing creates carbon leakage, ultimately undermining investor confidence. Pacific island and small economies in specific face trouble accessing markets due to strict accreditation requirements ◾ It is important to strengthen Asia's ESG database, transparency, and adoption of global standards to boost measurement/analysis of it's climate risks. This will give investors clarity and intern boost their confidence. While funds can achieve a more catered balance between mitigation and adaptation lending to support Asia https://lnkd.in/gmh7h534

As we approach the end of a long and turbulent year, I found this report a helpful and sophisticated account of the current challenges facing sustainable finance, and a forward-looking theory of change well-aligned to what we're seeing and hearing in our networks, with a focus on: - Systems thinking - Aligning national and corporate transition planning - Doubling down on stewardship rather than passive investment, including sovereign engagement - Public / private collaboration and catalytic blended finance - Finding better ways to price and value climate and nature risks and opportunities

Glad to share our recently published policy brief titled 'Scaling #Climatefinance for #Locallyledadaptation: Lessons from the #Globalsouth' by T20 Brasil. #Adaptation receives poor funding compared to mitigation. However, within mainstream adaptation funding, a very small amount reaches the communities that face the brunt of climate change. #Localcommunities are not just victims of climate change but also a source of innovative ideas. Reforming the existing financial architecture and creating an enabling environment will allow more solutions to grow at a community level. Read the brief to understand how can #G20 leaders act to bring finance down to the local level where it's needed. Vishwas Chitale PhD

Tackling Challenges in Climate Financing 💸 Climate Finance for Emerging Economies: Let’s Reimagine the Future 🌍 Despite COP29’s commitments, climate finance remains a massive challenge for middle-income countries. But with the right tools, these economies can access the capital needed to drive real, lasting change. Why is climate finance hard to access? Lack of Transparency: Investors need clearer, more trustworthy data on how their funds are being used. Without this, capital remains locked out of emerging markets. Verification Challenges: For developing countries, proving that climate finance is being used effectively is often a barrier to securing funds. IOEN’s Role: Our decentralised model removes these barriers, providing transparent, verifiable data that builds trust with investors and ensures funds are used for real impact. Climate finance must be accessible to all economies—especially those on the frontlines of climate change. IOEN is leading the way. #ClimateFinance #NetZero #EmergingMarkets #SustainableDevelopment #COP29 #ClimateAction

Today, at the ongoing #SummitForTheFuture, world leaders adopted a "Pact for the Future" along with its annexes, the Global Digital Compact and the Declaration on Future Generations, to pave a more equitable path for future generations. The pact (https://lnkd.in/d6ps_gP3) outlines 56 "actions" and challenges world leaders to translate promises into tangible actions that positively impact the lives of the world’s more than 8 billion people. The message is clear: "It’s time for urgent reform of the international finance architecture to, among other things, provide effective and equal support to countries during systemic shocks and address the pressing challenge of climate change". https://lnkd.in/dFDDyqFE #PactForTheFuture #OurCommonFuture #SummitOfTheFuture #ClimateAction

When it comes to climate action, we are in an investor - policymaker impasse. Policymakers have placed significant expectations on private capital to finance the transition. Private capital has responded with inflated promises, and unrealistic commitments based on government policies that often fail to materialise. #PIVOT is our attempt at a framework to unlock that impasse. ☑ Policy Vacuum: Lack of clear and supportive policies. ☑ Interest: Prioritising short-term gains over long-term sustainability. ☑ Valuation: Underestimating environmental and social factors. ☑ Ownership: Passive investment approaches hinder change. ☑ Transition Misalignment: Difficulty in transitioning certain sectors and business models. We were delighted to work with James Alexander, Mark Manning, Maria Lettini, Yuki Miyoda and the Global Sustainable Investment Alliance to undertake the research and prepare the analysis and recommendations. Rick Alexander, Roger Urwin, FIONA STEWART, Billy Gridley, Brian Minns, Bryan McGannon, Dave Jones, Jon Lukomnik, Maria Laura Tinelli, Nathan Fabian, Sandy Trust, Satyam Khanna. Published today at #COP29, Transforming Global Finance for Climate Action, download here: https://lnkd.in/esdS6y7y And well done to Canbury analyst, Emmy Shaw, the report's lead author.

How can we mobilize enough resources to finance the decarbonization of global economies? Which financial instruments are more suitable to fund projects that aim to increase climate resilience? What would be an ambitious result for #climatefinance action and mobilization as part of the #g20, #cop29 and beyond? These are topics that will be intensely discussed today and tomorrow at the Brazilian Climate Finance Forum, which is an official event of the G20 Social. To follow the panels online, register on the link: https://lnkd.in/d2j_FG_n. The Brazilian Climate Finance Forum is co-organized by Institute for Climate and Society, Instituto Arapyaú , INSTITUTO IGARAPÉ , Open Society Foundations, Uma Concertação pela Amazônia , Aya Institute and Itaúsa Institute.