ECDPM 🌍’s Post

🗓️ Join WRI on October 23rd as we bring together a panel of distinguished experts to discuss how to ramp up #ClimateFinance for developing nations. Research shows that developing countries excluding China need around $1 trillion per year in external finance to achieve climate and nature goals by 2030, including around $500 billion from international public sources. That is a hefty sum compared to current levels. How will it be possible to scale up climate finance from billions to trillions? The webinar will lay out how to increase the finance flowing through bilateral and multilateral channels and explore ways to tap into wider sources of funding such as new taxes, re-directing fossil fuel and other harmful subsidies, mobilizing more investments from the private sector and debt relief and restructuring. Our speakers will also discuss how to approach the politically sensitive issue of whether more countries should contribute to climate finance and the tools available to ensure a fair approach. ✍️ Register now! ➡️ https://bit.ly/4dHqaAk #COP29 #UNFCCC #NCQG

Here is the full script of CCG's #WTOPublicForum24's session titled "Leveraging China's green transition for global climate mitigation: perspectives, opportunities and challenges" on September 10, moderated by CCG President Dr. Henry Huiyao Wang王辉耀. Cautioning that the fragmentation of trade practices and policies poses a threat to global efforts in climate action, Dr. Wang called for strengthened global climate cooperation and alignment with the WTO trade system. https://lnkd.in/ecwQsXbS

"While developed countries must lead in providing climate finance, all countries have a shared interest in ensuring developing nations — and the world — achieve an inclusive, low-carbon, climate-resilient future. In addition, we should also consider imposing taxes on high-emitting activities, redirecting fossil fuel subsidies and other ideas. But cracking the code of how emerging economies, including China, contribute in their own way could play a more important role in achieving this shared outcome." In a piece for China Daily, WRI's China Finance Director Shuang Liu discusses China's current #ClimateFinance contributions and how the country can step up to show leadership and further climate action. 📰: https://bit.ly/3P4Ksdh

🇧🇷 𝗡𝗲𝘄𝘀 𝘀𝘁𝗼𝗿𝘆: 𝗨𝗦 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆, 𝗕𝗿𝗮𝘇𝗶𝗹 𝗮𝗴𝗿𝗲𝗲 𝗼𝗻 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗽𝗮𝗰𝘁 | 𝗔𝗿𝗴𝘂𝘀 𝗠𝗲𝗱𝗶𝗮 The US Treasury and Brazil's finance ministry will work together on a climate agenda, the countries said during a G20 working group meeting in Rio de Janeiro. The pact will focus on four fronts: bolstering clean energy supply chains, including developing policy tools to attract private sector investment; supporting efforts to improve voluntary carbon markets; securing financing and developing "innovative solutions" to conserve and restore nature and biodiversity, including through the multilateral development banks and climate funds; and facilitating countries' access to multilateral climate funds resources. By Lucas Parolin: https://okt.to/0zQ57F #ArgusMedia #ArgusMediaBrasil #emissions

Following two recent deals with Singapore and Sweden, Ghana is leading Africa in #Article6 readiness. This level of determination and commitment is however lacking from Asian nations extremely vulnerable to climate change. Article 6 does not only pose itself as a medium to finance climate change resilience in the #GlobalSouth, but also opens the avenue of South-South partnership. Asian developing nations, especially #Afghanistan and #Pakistan, need to collaborate with #Ghana to build capacity needed for Article 6 readiness.

The 🇪🇺#EuropeanUnion must urgently reconcile its 🌍 #climatepolicy with the #international #competitiveness of its economy. In our new study in the run up to the #EuropeanElections, Martin Menner and Svenja Schwind and I shed light on key issues that will determine the future of #EU #climate #policy: What is at stake for the EU? What are essential #challenges the EU will face? What #chances to overcome them could EU decision-makers seize? ➡️ To answer these questions, we focus on #carbonpricing by #emissionstrading #ETS and identify potential further developments which are already visible or should be at the top of the EU agenda 2024-2029. 🔴 We call for the solution to the #carbonleakage problem to become a top priority for the EU, especially for its #export industry. Carbon leakage not only threatens value creation and jobs, prosperity and social peace in the EU, but also undermines EU climate policy by increasing global #GHG #emissions. 🟢 Carbon pricing can serve as a basis for #international #cooperation of the EU with third countries. Especially promising are international #ClimateClubs, and the gradual linking of the #EUETS with comparable systems of third countries. In comparison, unilateral confrontational approaches such as the #CBAM can be even counterproductive. ▶️ Centrum für Europäische Politik: https://lnkd.in/e_CdcTmW

🇧🇷 𝗡𝗲𝘄𝘀 𝘀𝘁𝗼𝗿𝘆: 𝗨𝗦 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆, 𝗕𝗿𝗮𝘇𝗶𝗹 𝗮𝗴𝗿𝗲𝗲 𝗼𝗻 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗽𝗮𝗰𝘁 | 𝗔𝗿𝗴𝘂𝘀 𝗠𝗲𝗱𝗶𝗮 The US Treasury and Brazil's finance ministry will work together on a climate agenda, the countries said during a G20 working group meeting in Rio de Janeiro. The pact will focus on four fronts: bolstering clean energy supply chains, including developing policy tools to attract private sector investment; supporting efforts to improve voluntary carbon markets; securing financing and developing "innovative solutions" to conserve and restore nature and biodiversity, including through the multilateral development banks and climate funds; and facilitating countries' access to multilateral climate funds resources. By Lucas Parolin: https://okt.to/4RmJFB #ArgusMedia #ArgusMediaBrasil #emissions

🇧🇷 𝗡𝗲𝘄𝘀 𝘀𝘁𝗼𝗿𝘆: 𝗨𝗦 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆, 𝗕𝗿𝗮𝘇𝗶𝗹 𝗮𝗴𝗿𝗲𝗲 𝗼𝗻 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗽𝗮𝗰𝘁 | 𝗔𝗿𝗴𝘂𝘀 𝗠𝗲𝗱𝗶𝗮 The US Treasury and Brazil's finance ministry will work together on a climate agenda, the countries said during a G20 working group meeting in Rio de Janeiro. The pact will focus on four fronts: bolstering clean energy supply chains, including developing policy tools to attract private sector investment; supporting efforts to improve voluntary carbon markets; securing financing and developing "innovative solutions" to conserve and restore nature and biodiversity, including through the multilateral development banks and climate funds; and facilitating countries' access to multilateral climate funds resources. By Lucas Parolin: https://okt.to/dU6VgW #ArgusMedia #ArgusMediaBrasil #emissions

What might make private capital flow more freely toward the climate transition in developing countries? This was a key question we asked during #COP29. Innovations in financing, more transparency, and an expanded role for carbon markets all point toward a more inclusive, scalable approach, according to global investors, development finance experts, policymakers and civil-society leaders whom we convened in Baku last week. See the top takeaways from our forum here: https://lnkd.in/gdMnVuv8

Developed countries should treat climate-related financial support for developing countries as “an act of economic self-interest” and not a moral obligation. Patrick Bolton and Alissa M. Kleinnijenhuis' latest policy brief has been mentioned in the Financial Times' Moral Money newsletter: https://lnkd.in/e6UgvdVY Imperial College Business School, Imperial College London #COP29 #ClimateFinance #FT