Investa’s Post

ADB Approves $250 Million Loan to Boost Uzbekistan’s Climate Resilience The Asian Development Bank (ADB) has approved a $250 million loan to help Uzbekistan transition to a low-carbon economy and strengthen resilience to climate change. The program focuses on enhancing institutional frameworks, modernizing water and land management, and decarbonizing key sectors like transportation and energy. The initiative aims to reduce greenhouse gas emissions per GDP unit by 35% by 2030 and address challenges like inefficient water use and desertification. It also supports improved policy coordination, budget allocation, and accountability for climate-related outcomes. Read more: https://lnkd.in/duXxWt23 #UzbekistanNews #Kunuz #ClimateResilience #ADB #LowCarbonEconomy #Sustainability #RenewableEnergyvv

In this fascinating article for Foreign Policy, our Chanaka Wickramasuriya, chief of party of the USAID Sri Lanka Energy Program, makes the argument for concessional financing for the #EnergyTransition in #developing nations. 💡 Using #SriLanka as a case study, Chanaka unpacks the challenges these nations face when it comes to this transition, the biggest of which remains a lack of affordable #capital and domestic #financing capabilities, and proposes ways in which an enabling environment can be created to overcome these obstacles. Read more here: https://ow.ly/OecA50TA5Yg

On the first day of the Asian Development Bank's Asian Clean Energy Forum, CSOs in the Philippines denounce #FalseSolutions continuously funded by the bank including waste-to-energy (WtE) incineration. Stressing that ADB projects are destructive to the environment and violate people's rights. CSOs underscore that a clean and just energy transition should empower communities and protect people and the planet and not lead to more public debts. NGO Forum on ADB, 350.org, Freedom from Debt Coalition, Agrarian Peoples Reform Movement on Debt and Alignment, CEED, Philippine Movement for Climate Justice, and Alyansa Tigil Mina. Asian Development Bank (ADB) #BurnNot #NoTrashTalkADB #ACEF2024

Senegal is on the brink of a transformative chapter with the rise of its oil production, promising a boost to the nation’s economy and a pathway to greater prosperity. As new oil fields come online, the potential for job creation, revenue generation, and infrastructure development is immense. However, realizing these benefits requires careful management, strategic investments, and a commitment to sustainable practices. Senegal's journey offers a blueprint for harnessing natural resources to drive long-term growth and stability. Read more here: https://lnkd.in/deYnx2xn 💼 Empowering Economic Growth: CLG Plus – your insight partner in understanding the dynamics of Senegal’s emerging oil industry and its impact on the future of African economies. Explore the possibilities with us! #OilProduction #Senegal #EconomicProsperity #Sustainability #CLGPlus #CenturionLawGroup

Dissecting the ambitious 72.1 Trilion shillings budget , that aims to propel Uganda towards a 500 billion US Dollar economy by 2040 - multiplying Uganda's GDP tenfold by 2040, anchored on agro-industrialization, tourism development, mineral development including oil and gas, and technology and innovation. With: Mr. Muhwezi Macxzzon, an NRM cadre and political analyst, Mr. Robert Turyakira, a lawyer and Deputy Executive Director of Environmental Shield. #PostBudgetDialogue24 #DebtobligationsUganda2024 #Budgetallocations2024

In our report "NIGERIA’S TOP 10 NET ZERO AND ECONOMIC DEVELOPMENT MEASURES", we identified decisive actions needed to drive the socio-economic transformation that will enable Nigeria to meet its 2060 net zero target. #Mondaymotivaion #ClimateActionNow #NetZero

🇹🇲 I had the privilege of being a part of an engaging dialogue between the United Nations and representatives from Turkmenistan's Ministries of Finance and Economy. 💼 The topic? Formation of a national mechanism for financing the Sustainable Development Goals. 🏆 🤔 In my view, a potential national mechanism could be incentivizing private and public companies to achieve high environmental, social, and societal impact. 💡 This could be done by leveraging my developed IMPACT CLA 👉(https://lnkd.in/eGYwyFBi), which allows for precisely this. 📈 The IMPACT CLA aligns the interests of investors, companies, and society by providing financial incentives for positive impact. 🌳 🌐 At the forum, the discussed was about how a mechanism could be tailored to Turkmenistan's unique context and goals. 🇺🇳 The UN representatives shared valuable insights on global best practices and the importance of local collaboration. 🤝 Together, we explored ways to create a sustainable and impactful investment ecosystem in Turkmenistan. 🌱 💡 I believe that by incentivizing impact, we can unlock the full potential of private capital to drive progress towards the SDGs. 🌍 Turkmenistan has an opportunity to lead the way in Central Asia by implementing innovative financing mechanisms that prioritize people and planet. 🌳 Let's continue this important conversation and work together to create a more sustainable future for all. 🌐 #asia #ImpactInvesting #SustainableDevelopment #IMPACTCLA #SDGs #UnitedNations #Turkmenistan #finance

In 2022 the European Commission promised that $150 billion would be made available in #financial support for Africa as part of its Global Gateway programme at the EU-Africa Summit. "As Africa sets sail for the future, the EU wants to be Africa's partner of choice," said von der Leyen. "We want to be the economic partner that you can trust." The EU wants to invest Global Gateway money in projects related to the green transaction and transport. Kariba Dam provides 85% of Zambia's #energy, making it a critical #infrastructure for the region. The Kariba Dam Rehabilitation Project (KDRP) is a flagship initiative under the EU's #GlobalGateway, focusing on ensuring the dam's stability and longevity. The EU's #investment has been specifically direct towards reshaping the plunge pool at the dam's base, addressing severe erosion caused by #water flow over time. This rehabilitation is vital for maintaining energy security, effective water💧 management, and socio-economic stability in #Zambia and #Zimbabwe. 📌Zambia and Zimbabwe are #AfCFTA member countries 🎥European Union in Zambia ✨22 August 2024 #EnergySecurity #Energy #Markets #GDP #Growth #Economy #Renewable #RenewableEnergy #Hydropower #CleanEnergy #Trade #EnergyTransition #GlobalTrade #WorldEconomy #Inflation #ClimateChange #NetZero #KeepYouEyesOnTheHorizon #EconomicUncertainty #SDG7 #EUAfricaSummit

Industry and transportation together account for over 67% of Pakistan's energy consumption, a trend seen in India and Southeast Asia as well. Despite significant international assistance, Pakistan has overlooked climate considerations in its infrastructure investments. To adapt to climate change, green industrialization is crucial for Pakistan, particularly as it ranks among the top ten most climate-vulnerable nations. Given the substantial energy footprint of the industrial sector, it serves as a pivotal lever in Pakistan's energy transition. To facilitate this transition, concessional climate finance is required to scale up interventions that are currently not commercially viable, complemented by regulatory measures and increased private sector investment. #EmpoweringPakistanWithData #news #economy #economicdata #OICCI #energy #SoutheastAsia #investments #Pakistan

What is the role of ministries of finance in Africa in green industrialization? Yesterday, #C3A hosted a session as part of the Coalition of Finance Ministers for Climate Action Sustainable Horizons conference in which ministries of finance from nearly 20 representatives from across Africa agreed: 💡 To deliver on the Nairobi Declaration and make Africa a destination for green industrialisation, ministries of finance play a critical role in supporting policies like subsidies and taxes needed to increase deployment of clean technologies like solar, EVs and green hydrogen 🚗 Ministries of finance are critical in coordination efforts with other ministries to help countries and regions tap into emerging global clean tech supply chains, and use energy transition minerals for value-addition and economic growth 🌍 Green industrial strategies, better analytics and capacities to feed into them, and regional coordination to aggregate resources and improve negotiation power will be critical to success. The wider event has emphasised that: ✅ Climate change and the low-carbon transition are a fundamentally economic issue requiring deep engagement from ministries of finance 🏡 Adaptation efforts are critical to green industrialisation - both to enable productivity and bring down costs of capital to mobilise finance - and mobilising domestic resources first can motivate international finance 🤝 A warm thanks to #CFMCA for shaping a fantastic two-day conference and Uganda's Ministry of Finance, Planning and Economic Development for hosting. Particular thanks to Joseph N. for introducing the session, and our exceptional all-female panelists Deena Wahba (Egypt MoF representative), Mariam Murtala (Nigeria MoF representative), Marit Y. Kitaw (Director, African Minerals Development Centre), Uzunimi Iti (Project Manager, UNIDO) and Georgina Ryan's remote contribution (Director of Environmental Economics, South African Treasury). Look out for a summary on our website soon. Frank van Lerven Simon Sharpe Etienne Espagne #C3A #greengrowth #lowcarbontransition #climateresilience #africa #midtransition #climatefinance #worldbank