Jack Chen’s Post

China is emerging as a major player in international climate finance, directing resources towards low-income countries' efforts to mitigate climate change and adapt to its impacts. 🇨🇳 But questions remain about the scope, direction and effectiveness of this financial support. Join us for a webinar that will take a deep dive into three recently published papers by the Center for Global Development, E3G/ODI (upcoming) and World Resources Institute, to provide a comprehensive overview of China's international climate finance landscape and its implications for the New Collective Quantified Goal. Register here: https://buff.ly/40v3OiR 🔗 #ClimateFinance #NCQG #COP29

The G20 climate funds review must help finance reach the local level --> https://lnkd.in/eZxTAk-t The G20 is examining ways to improve the impact of the world's multilateral climate funds, aiming to make it easier for global South countries to access finance for climate action. Paul Mitchell and Pia Treichel, PhD make four recommendations to improve the system and increase accessibility for the communities on the front lines of the climate crisis. #G20 #ClimateCrisis #finance #ClimateAction

"This is the year to mobilize climate finance that truly aligns with the needs of developing countries." 🌍 Antonio Gabriel La Vina, Associate Director of Climate Change and International Policy, Manila Observatory, and #ACT2025 partner, shares his reaction to the Second Needs Determination Report (#NDR2), calling for bold commitments from developed nations. With Asia and Africa leading in global mitigation needs, the world must step up with stronger climate finance for adaptation, mitigation, and loss and damage. 📖 Read the full report here: https://bit.ly/40K7QDZ

Today marks a historic step forward in global climate cooperation with the passing of Article 6, providing countries with a new framework for utilizing independent crediting programs (ICPs) in support of their climate ambitions. Verra, as the leading standards setter, stands ready to work with nations to help them harness the opportunities this decision unlocks for effective and scalable climate solutions. Verra has already developed a protocol in conjunction with the Singapore government and Gold Standard to support countries in their use of Article 6 to achieve their Nationally Determined Contributions (NDCs). Read the full statement by Verra CEO Mandy Rambharos: https://bit.ly/3CFy54u #CarbonMarkets #ClimateAction #Article6 #ParisAgreement #StandardsMatter

The UNFCCC Platform for COP29 has on its platform the complete set of Article 6 documents, with details of the hashtag #governance, the accreditation processes and methodologies accepted by the hashtag #mechanism, the credit lifecycle and the rules and regulations of Article 6.4 of the Paris Agreement. https://lnkd.in/exMBHt9v

🌍 Today, I’m honored to participate as a member of the Argentine delegation in the 2024 High-level Ministerial Dialogue on the New Collective Quantified Goal on Climate Finance. This dialogue is a key milestone leading up to the official launch of the NCQG negotiations at UNFCCC COP29 next November in Baku, Azerbaijan. This dialogue is an essential step in shaping the global financial commitments necessary to support developing countries in addressing climate change. As the international community works towards establishing a new collective climate finance target by 2024, this event brings together ministers, negotiators, and experts to discuss key priorities, challenges, and pathways forward. The NCQG will be instrumental in ensuring that climate finance aligns with the needs and priorities of developing countries, reflecting the principles of equity and common but differentiated responsibilities and respective capabilities (CBDR-RC). 🖥️ You can follow the live broadcast of the event here: https://lnkd.in/dB9gRS8e #ClimateFinance #COP29 #NCQG #ClimateAction #SustainableDevelopment

The international climate change negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) are among the most complex and significant multilateral processes aimed at tackling the global challenge of climate change. These negotiations directly impact national development agendas and, in many cases, national survival, especially for vulnerable developing countries, such as the Least Developed Countries (LDC) and small Island Developing States (SIDS). The decisions made in these forums shape global climate policy and determine the allocation of resources for adaptation, mitigation and loss and damage, issues that are critical for countries disproportionately affected by climate change. I am vested in climate finance negotiations grounded in differentiated roles to be played by countries to achieve a climate just world.

The Task Force for the Global Mobilisation Against Climate Change is set to facilitate a high-level dialogue among governments, financial institutions, and international organisations, aimed at strengthening global macroeconomic and financial alignment to effectively implement the objectives of the United Nations Framework Convention on Climate Change and the Paris Agreement. https://lnkd.in/g7m8tFGj  B20 South Africa | Confederation of Indian Industry | CII International #B20GlobalInstitute #G20 #GlobalCollaboration #InclusiveGrowth #climatechange #climateupdate

COP29 faces an uphill task in tackling climate issues in the current state of international affairs. Here are my pick of three focus areas for COP29: 1) Climate Finance & New Collective Quantified Goal (NCQG) Set a new climate finance target that supports transparency and equitable distribution, essential for meeting developing countries' needs. 2) Enhanced Nationally Determined Commitments Countries are expected to expand their Nationally Determined Contributions (NDCs). 3) Adaptation and Resilience Planning Review and assessment of National Adaptation Plans (NAPs), which aim to build resilience against climate impacts, particularly in vulnerable regions.

Here is everything you need to know about New Collective Quantified Goal (#NCQG) on Climate Finance. Finance is a key enabler of climate action. Developing countries, small island nations and the least developed countries of the world are facing the brunt of climate change caused by the developed nations. In a world experiencing frequent extreme weather events, they are forced to adapt and mitigate their way through the crisis. And the economic impacts of climate disasters are far worse on poorer countries: Hence, arriving at a financial goal that best serves the needs of these countries is significant for ensuring climate justice.  As countries prepare for COP29 to be held in Azerbaijan in November 2024, the first discussions on the headline issue of climate finance are around the corner. Parties to the UNFCCC have made new submissions for the New Collective Quantified Goal on Climate Finance (NCQG). What is NCQG and why is it so important? CSE's Climate team is going to be tracking negotiations on the new climate finance goal which is to be decided at #COP29 this year. https://lnkd.in/geVjeZft Sehr Raheja Avantika Goswami Fizza Jamal Zaidi Trishant Dev Tamanna Sengupta Midhun Vijayan