Navdeep Gupta’s Post

As COP29 approaches, this article points out a significant agenda item is establishing a new collective quantified goal for climate finance to better support vulnerable nations. Access to effective, scalable climate finance remains a challenge for many, especially in developing regions. ZERO13 is dedicated to facilitating sustainable financial solutions that align with these goals🌱. 🚀Our team, led by Hirander Misra (Chairman & CEO), alongside Emmanuel Devedeux (Chief Business Officer) and Lincoln Teo (Board Advisor), is actively engaging with global stakeholders at COP29 to explore innovative pathways to improve access to climate finance. At ZERO13, we believe in actionable support that bridges finance and climate resilience. Read the full article to learn more on this: https://lnkd.in/dFXD9kUt #ZERO13 #ClimateFinance #Sustainability #COP29 #ParisAgreement #DigitalFinance #GreenEconomy #CarbonMarkets #NetZero #ResilientFinance #ClimateLeadership #SustainableDevelopment #ClimateResilience Hirander Misra

🌍 💰 Today is Finance Day at COP29, and the spotlight is on climate finance. In all the hallways, you'll hear chatter of the need for greater global cooperation to reach our shared climate goals...and an intense focus on working with the private sector to drive meaningful climate and nature wins. A big goal at COP29 is seeing a new global climate finance goal that could reach $1 trillion or more annually, a figure that begins to bridge the immense financial gap required to confront the climate crisis. Unlike traditional finance where success is measured by profit, losses, and stakeholder returns, climate finance lacks a strong accountability framework. We need the same robust metrics that ensure climate financing is accessible, impactful, and affordable for those who need it most to truly advance net-zero efforts and support local communities. That’s why the quality of climate finance—ensuring it’s concessional, accessible, and impactful—matters just as much as the amount of finance. High quality climate finance can deliver measurable, real-world benefits to communities on the front lines of climate change. Read my latest blog to learn more ➡ https://lnkd.in/eudTWjnv #COP29 #ClimateFinance #NCQG #NetZero

Alarmism is a multi-trillion dollar business model 🤔 Global stakeholders convene in Cartagena, Colombia, to advance discussions on setting a new climate finance goal, crucial for addressing the needs of developing nations and ensuring a sustainable future. Recently, a significant phase in the continuing international efforts to combat climate change began in Cartagena, Colombia. Nearly 300 representatives, comprising a diverse mix of Parties and non-Party stakeholders, gathered for the ninth technical expert dialogue (TED9) and the first meeting under the ad hoc work programme on the new collective quantified goal on climate finance (NCQG). This gathering marked a significant transition from technical discussions to a more politically driven agenda, aimed at formulating a draft negotiating text for presentation at the upcoming COP29 UN Climate Change Conference scheduled for November. https://lnkd.in/dpF2xPwy

Opinion – COP29 To Set Ambitious Climate Finance Target For Emissions Reduction And Adaptation In Developing Countries Many issues related to financing stem from one or a combination of these functions needing to be more optimal. For example, a shortage of money to distribute is a major challenge highlighted at each Conference of Parties (CoPs) as the “quantum challenge.” Developing nations, often constrained by limited capital, seek financial support from developed countries under the principle of common but differentiated responsibilities to address global climate change. The climate finance target for developed nations to provide USD 100 billion annually to developing countries by 2020, set during the 15th edition of this annual event, has yet to be met. […] Read the full story here: https://lnkd.in/dz74g7YV #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #climatefinance #co2emissionsreduction #cop29 #netzero #sustainabledevelopment

🌍 Historic steps in climate action, but are they enough? 🌍   COP29 wrapped up in Baku, Azerbaijan, on November 24th, 2024, marking an important moment for global climate action. With nearly 200 countries in attendance, the conference focused on securing funding for the transition to a more sustainable future. While historic agreements were made, the reactions to them were mixed.   Key takeaways from COP29 include: 🌱 A Historic Climate Finance Agreement: A new climate finance goal set to mobilize USD 300 billion annually by 2035 to support developing countries. 💰 Carbon Markets Now Operational: A breakthrough on carbon market mechanisms, expected to reduce costs of climate action by up to $250 billion per year. 🔍 Mixed Reactions: While some celebrate the progress, others criticize the deals as insufficient to address the scale of the climate crisis.   So, what role do carbon markets play in making climate action more affordable? And why are some reactions to the new climate finance goal so divided? Find out from the full analysis by Luca Agnes Farkas on our website. 👇

🇺🇳 💱 🌳 As we prepare to discuss #climatefinance at #COP29, there is a mismatch between the action happening on the ground and our understanding of how that support is understood. We have a shortage of robust impact evaluations and systematic assessments of climate interventions. This is not to advocate for more studies after projects are done, but rather for evolving how we look at adaptive management and learning to improve our actions and support successful strategies. We do not want to create more barriers to finance, but enable it.   This evidence gap creates a cascade of challenges: hampering evidence-based decision-making, undermining efforts to achieve Paris Agreement goals, and eroding trust between project partners. The result is a negative feedback loop where limited evidence leads to suboptimal resource allocation, reduced project impact, and decreased stakeholder confidence, ultimately constraining future climate finance.   Addressing this gap requires a comprehensive approach combining immediate practical actions with longer-term strategic initiatives focused on building institutional capacity and systems-level analysis, and must be done in a way that does not create a new barrier to access to climate finance. Success in this endeavor is crucial not just for accountability, but for catalyzing a new era of evidence-driven climate action to maximise the impact of every dollar invested in fighting climate change.

Global stakeholders convene in Cartagena, Colombia, to advance discussions on setting a new climate finance goal, crucial for addressing the needs of developing nations and ensuring a sustainable future. Read Details👇 #climatechange #ClimateAction #ClimateEmergency #climatefinace #COP29 #finance #climatejustice https://lnkd.in/esT-HKdg

EU Pioneers New Climate Finance Framework and Carbon Market Reforms to Accelerate Global Climate Action The European Commission and EU Member States have emerged as pivotal players at the COP29 UN Climate Change Conference, securing a groundbreaking agreement to align global financial flows with the Paris Agreement’s climate objectives. Central to this achievement is the adoption of a New Collective Quantified Goal (NCQG) for Climate Finance, which expands the pool of global contributors and strengthens multilateral development banks’ (MDBs) role in mobilizing private finance. The NCQG aims to channel at least $1.3 trillion annually into climate finance by 2035, with developed nations committing to lead by mobilizing $300 billion per year specifically for developing countries. […] Read the full story here: https://lnkd.in/d_n_bTwd #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #carbonmarkets #climatefinance #energyproduction #europe #finance

BLOG | #ClimateFinance The realm of international climate finance, particularly as it evolves during #COP29, remains riddled with systemic challenges, stuck making poor progress financing climate transitions since #COP21. Despite ambitious goals set under the #ParisAgreement and beyond, the mechanisms to mobilize and allocate funds equitably and effectively are fraught with mismanagement, inconsistencies, and a lack of transparency. This issue is critical as developing nations, often bearing the brunt of climate impacts, rely on financial support to adapt, mitigate risks, and transition to low-carbon economies. This #blog article explores reasons underpinning the inefficiencies of international climate finance, dividing the discussion into key thematic sections: systemic shortcomings, #accountability challenges, and potential solutions for reform 👇 #ClimateChange #JustTransition #StakeholderEngagement

𝐁𝐚𝐬𝐞𝐥𝐢𝐧𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐆𝐨𝐚𝐥: 𝐖𝐡𝐲 $𝟐𝟎𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐌𝐞𝐚𝐧𝐬 𝐍𝐨 𝐀𝐦𝐛𝐢𝐭𝐢𝐨𝐧 by Ian Mitchell and Edward Wickstead A major shortcoming of the $100 billion climate finance goal agreed in 2009 was the absence of a clear baseline. With draft negotiating text for a new climate finance goal now available, the authors set out some relevant starting measures and amounts to inform the negotiations going into COP29 and make recommendations for an ambitious but coherent target. The authors argue that a $200 billion per year target would amount to a “no-ambition” target. Equally, an ambitious target over $400 billion with no extra fiscal commitment would mean major cuts to wider development finance. https://lnkd.in/dANvP7a7