Finance in Common’s Post

#COP29 kicks off today in #Baku where the global conversation will focus on #climatefinance and #acceleratingthetransition to the green, inclusive and sustainable growth. Clear rules of the road in sustainable finance will be critical for mobilizing private capital into high-impact climate projects in emerging markets. If you're attending #COP29, join us for a high-level discussion on November 14th headlined by IFC - International Finance Corporation Managing Director Makhtar Diop and Central Bank of the Republic of Azerbaijan Governor Taleh Kazimov on advancing the #greentransition through increasing the alignment of #sustainablefinance frameworks worldwide. 🗓 November 14th, 2 pm - 3 pm Baku Time, Blue Zone 👉 "Advancing Sustainable Finance across the Globe: Roadmap towards Interoperability and Comparability of Sustainable Finance Taxonomies" Hosted by IFC - International Finance Corporation and the Central Bank of the Republic of Azerbaijan and featuring: ➡ abdallah al dardari UNDP ➡ Jan Dusík European Commission ➡ Usher, E. United Nations Environment Programme Finance Initiative (UNEP FI) ➡ Vera Economou Raiffeisen Bank International AG Bank ➡ Sean Kidney Climate Bonds Initiative ➡ Emiliya Mychasuk Financial Times ➡ Alfonso García Mora IFC - International Finance Corporation

I countdown the days to our panel discussion #COP29 #Baku #sustainablefinance

Can #SouthAfrica 🇿🇦 lead the way for a more equitable green trade agenda as it prepares to assume the #G20 presidency? This critical question took centre stage at our recent high-level webinar, hosted in collaboration with The Nelson Mandela School of Public Governance, Trade Negotiations Investment Forum and the Institute for Applied Economic Research (Ipea). Our panel, featuring Sara Pantuliano (Chair), Ambassador Amina Mohamed, Prof. Faizel Ismail, Fabio Veras Soares, Fernando Ribeiro and Jodie Keane, explored: ▪ Challenges and opportunities of greening production and trade ▪ Africa's vision for a just transition and the potential of #G20SouthAfrica's leadership ▪ T20 Brasil-#G20Brasil perspectives on trade and sustainability ▪ Principles for fairness and equity for developing nations ▪ The trade-climate-development nexus and its implications for COP29 Azerbaijan 📺 Watch the full recording: https://lnkd.in/euxQe46U #GreenTrade #JustTransition #Africa #COP29 #Sustainability #TradeandClimate #TradeandEnvironment #GreenSqueeze #G20Brazil

Join IFC event on advancing alignment of sustainable frameworks

On November 14 at #COP29, join us for the high-level launch of the “Roadmap for Advancing Interoperability and Comparability of Sustainable Finance Taxonomies” – an initiative co-led by the IFC-facilitated Sustainable Banking and Finance Network (SBFN) and the Central Bank of the Republic of Azerbaijan (CBAR), and in collaboration with UNDP and 𝐈𝐏𝐒𝐅. This roadmap is a major step toward aligning sustainable finance frameworks globally. Learn more below ⬇️ #AcceleratingTheTransition #SBFN #Taxonomy #ClimateFinance

Whats happened this week in Global Development for the Asia Pacific? Check out the latest updates and insights in InDev Weekly: 𝐖𝐡𝐚𝐭𝐬 𝐡𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐞𝐜𝐭𝐨𝐫? ► Australia announces the Indo-Pacific NGO Blended Finance Accelerator - Late Friday the Austrlaian Government announced the $10M Indo-Pacific NGO Blended Finance Accelerator. The Accelerator will help NGOs pioneer new approaches to financing sustainable development. ► EU President's Cop29 absence sends ‘fatal signal’, say watchers - Also skipping the “world leaders’ climate action summit” on Tuesday and Wednesday the leaders of France, the US, Brazil, China, South Africa, Japan and Australia. ► ANCP celebrates 50th Anniversary - The Governor General, Foreign Minsiter, and the Minister for International Development joined leaders from across Humanitation and International Development NGO's to celebrate 50 years of the Australian NGO Cooperation Program (ANCP). 𝐋𝐨𝐜𝐚𝐥 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞𝐬 ► President Prabowo’s first foreign tour, to the US, China, Peru, Brazil and UK, signals Indonesia’s return to global stage ► Convicted former Fiji prime minister Frank Bainimarama released from prison early 𝐈𝐧 𝐃𝐞𝐩𝐭𝐡 𝐑𝐞𝐚𝐝𝐬 ►► In the lead up to COP29, some great opinion pieces and explainers: ► Prime Minister of the Kingdom of Tonga and the Chair of the Pacific Island Forum, Hu'akavameiliku Siaosi Sovaleni, argues the countries responsible for this crisis must front up and take responsibility. COP29 as a 'finance COP' must deliver and the NCQG to be agreed to in Baku, will need to reflect our Pacific needs and priorities to simplify policy requirements to access the needed financial support to address our region's vulnerabilities. ► Reverend James Bhagwan, General Secretary of the Pacific Conference of Churches, shares the Pacific Way in action: state parties and civil society working together to remind the world as we approach a "finance COP" with the upcoming COP29 in Azerbaijan that we cannot be conveniently pigeon-holed. ► The Guardian put together an explianer on What would a good outcome at Cop29 look like? This year’s UN climate summit, being held in Azerbaijan, is focused on finance, and specifically the new collective quantified goal (NCQG) for climate finance, required under the 2015 Paris agreement. ►► Donald Trump’s imminent return to power is sending tremors through the international development world, which is bracing for a radical shift in U.S. overseas priorities over a sweeping range of issues from abortion, climate, health, and LGTBQI rights to reform of the international financial system and likely cuts in funding to the U.S. Agency for International Development and the United Nations. Devex looks at now that Donald Trump won. What does that mean for development? Want to get news delivered to your email box every Monday morning? Subscribe to InDev Weekly – https://indev.media #InDevWeekly #InternationalDevelopment #InDev

Brazil’s first #G20 presidency culminated in the summit in #Rio de Janeiro from 18-19 November. The main highlight is that the #taxation of high net worth individuals was put on the international policy agenda. The ongoing process of reforming the Multilateral Development Banks (#MDBs) received further impetus with the adoption of a new roadmap. The Brazilian government sought to better link G20 policy-making with the #UnitedNations and established new formats for stakeholder engagement, notably the G20 #SocialSummit.  The outcome document adopted by consensus at the G20 Heads of State Summit emphasises that Rio de Janeiro was also the birthplace of the #SustainableDevelopment Agenda. While the G20 is traditionally a forum for economic policy coordination, President #Lula ’s government made a visible effort to ensure that the social and environmental dimensions of sustainable development were also taken into account. In particular, inequality and the #ClimateCrisis featured prominently in the document. The #G20summit took place at the same time as the #UN #ClimateChange Conference (#COP29) in #Baku – which may explain the absence of G20 Heads of State there. #Brazil will host the next Conference of the Parties (#COP30) in #Belém in November 2025. Read the full Global Policy Forum blog article by Bodo Ellmers: https://lnkd.in/e_ZNcprf #FfD #Fin4Dev #IFA #InternationFinancialArchitecture #Tax #TaxJustice #Debt #UNreform #reform

Did you know that every dollar invested in climate adaptation can yield up to $7 in benefits? The world is changing fast, and so must we. At #COP29 in Azerbaijan, the #GEF made a bold $20M investment in 13 groundbreaking projects that are redefining climate resilience and adaptation innovation. From women entrepreneurs driving climate-smart agriculture to the creation of resilience-building bonds, these projects are proof that innovation isn’t just about technology—it’s about people, communities, and bold ideas that challenge the status quo. It is good that #UNIDO will partner on four of these transformative journeys. Together, we’ll support the scaling up of women-led climate solutions across #BurkinaFaso, #Benin, and #Nigeria, build adaptation standards that truly work for developing countries, and unlock new financial tools to fund the future of resilience. Here’s to challenging boundaries, embracing creativity, and driving the kind of innovation the world urgently needs. 🌍 Let’s make this decade count! #ClimateAdaptation #ImpactInnovation

#COP29 in Baku: Innovative #Finance for Africa's Climate Future At #COP29, new #finance solutions took center stage, especially for #Africa. The Climate Investment Funds Capital Markets Mechanism (CCMM) announced a bond listing on the London Stock Exchange to raise private sector capital for climate action, building on 16 years of Clean Technology Fund projects. @Akinwumi Adesina, President of the African Development Bank Group “New models are needed to secure larger climate finance for developing countries.” On Africa Day, Claver Gatete of United Nations Economic Commission for Africa highlighted Africa's need for $1.3 trillion annually for climate adaptation and growth. He called for a New Collective Quantified Goal (NCWG) to address this gap. Additionally, Adesina warned of a “carbon grab”, urging for proper valuation of Africa's green assets to unlock investment and fuel sustainable development: “It’s time for Africa to be green rich and cash rich.” Key Takeaways: ~$1.3 trillion needed annually for Africa's climate goals. ~CCMM bond listing to boost private sector investment. ~ Africa’s green wealth must be valued to unlock funding for sustainable growth. #COP29 #ClimateFinance #AfricaClimateAction #SustainableDevelopment #GreenGrowth #ADFS2025 #NaturalCapital

🌱 IDEAS Analysis: The Role of Green Bonds From China’s pioneering green bond to Egypt’s sustainable projects, BRICS nations are driving green finance innovation. These tools are key to advancing SDGs and fostering a low-carbon transition. 🚀 #COP29 #GreenEconomy #BRICS