Ana Novik’s Post

🌍💼 Exciting developments at COP28 UAE! Governments and investors are stepping up their climate finance game, pledging support for clean technology and overseas projects. The push for Foreign Direct Investment (FDI) in climate projects is crucial to bridge the $5.8-5.9 trillion climate finance gap in developing countries by 2030. Blended finance strategies are key, especially in regions with limited private capital. 📈💚 Proud to share insights on the evolving landscape of Climate FDI! Investment Promotion Agencies (IPAs) are at the forefront, anchoring commitments in tangible green growth projects. The World Economic Forum's climate FDI guidebook, developed with the World Association of Investment Promotion Agencies (WAIPA), outlines specific actions for IPAs. 🌐💡 Joining forces for impact! At the recent World Investment Conference 2023, over 100 investment authorities explored the concept of a Climate FDI Coalition. Imagine the power of peer learning and collaboration in growing climate FDI flows, particularly in regions requiring large-scale infrastructure. Let's match climate commitments to verifiable projects and share success stories! 🌱🤝 Committed to the cause! IPAs representing all regions have endorsed the creation of a Climate FDI Coalition. IPAs play a triple role: putting climate FDI on the agenda, implementing targeted measures, and creating the right environment. Together, we can attract, facilitate, and support climate investment. Exciting times ahead for a carbon-neutral world! Read the full article from World Economic Forum here: https://lnkd.in/gr9wuzus #ClimateFDI #GreenInvestment #ClimateActionLeadership

The New Climate FDI Coalition is an initiative designed to boost the availability of foreign direct investment (FDI) for climate projects.  The coalition aims to address the climate finance gap, which stands at US$5.8 to US$5.9 trillion for developing countries in the pre-2030 period. Investment promotion agencies (IPAs) can help anchor public and private climate finance commitments in tangible green growth projects. The World Economic Forum has worked with investment authorities to create the Climate FDI Coalition to facilitate climate investment. The coalition involves investment authorities and private-sector investors, serving as a community of practice, to enable knowledge sharing on what works best to facilitate climate FDI.   This coalition is a significant step towards increasing climate investment and meeting the global climate finance targets. It remains to be seen if they can gain the necessary traction quickly enough, considering our truncated timeline. However, it is a laudable step. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

🗳️ All eyes are on the US elections in November this year, as the decision of the 160+ million voters in the country will play a major role in determining the world’s trajectory towards a net-zero future. According to the United Nations Environment Programme Finance Initiative (UNEP FI), even with current pledges for emissions reduction, the planet is hurtling towards a rise of up to 2.9°C above pre-industrial levels by the end of the century. This alarming scenario could lead to catastrophic outcomes, with one report indicating that the crisis could cost $178trn in global economic loss by 2070. Stay informed about the potential impacts of the upcoming elections on the environment and the global economy: https://lnkd.in/ghwP6EXY #miningtechnology #miningindustry #netzero #greentransition #MINExpo #trumpharris #bradwtaylor

The New Climate FDI Coalition is an initiative designed to boost the availability of foreign direct investment (FDI) for climate projects.  The coalition aims to address the climate finance gap, which stands at US$5.8 to US$5.9 trillion for developing countries in the pre-2030 period. Investment promotion agencies (IPAs) can help anchor public and private climate finance commitments in tangible green growth projects. The World Economic Forum has worked with investment authorities to create the Climate FDI Coalition to facilitate climate investment. The coalition involves investment authorities and private-sector investors, serving as a community of practice, to enable knowledge sharing on what works best to facilitate climate FDI.   This coalition is a significant step towards increasing climate investment and meeting the global climate finance targets. It remains to be seen if they can gain the necessary traction quickly enough, considering our truncated timeline. However, it is a laudable step. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

The New Climate FDI Coalition is an initiative designed to boost the availability of foreign direct investment (FDI) for climate projects.  The coalition aims to address the climate finance gap, which stands at US$5.8 to US$5.9 trillion for developing countries in the pre-2030 period. Investment promotion agencies (IPAs) can help anchor public and private climate finance commitments in tangible green growth projects. The World Economic Forum has worked with investment authorities to create the Climate FDI Coalition to facilitate climate investment. The coalition involves investment authorities and private-sector investors, serving as a community of practice, to enable knowledge sharing on what works best to facilitate climate FDI.   This coalition is a significant step towards increasing climate investment and meeting the global climate finance targets. It remains to be seen if they can gain the necessary traction quickly enough, considering our truncated timeline. However, it is a laudable step. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

Will bonds play a bigger role in the transition to a #netzero future? 🤔💹 Join Climate Bonds' Global Head of Policy, Magali Caroline Van Coppenolle at the Sustainable Investment Forum Europe taking place on the 2nd of May, in partnership with Climate Action and the United Nations Environment Programme Finance Initiative (UNEP FI). The panel 'Sustainable Investment Dialogue' seeks to determine whether fixed-income portfolios, as one of the primary sources of global finance, are a vital pathway for facilitating the transition towards achieving climate objectives. Register now 👉 https://lnkd.in/gNi58Yt #SINVEurope #esg #transitionfinance #sustainablfinance

With the end of Next Generation EU in 2026, EU climate-dedicated grants will sharply decline. A new EU Green Investment Plan of €180 Bn between 2024-30 will be required to sustain current levels.

Check out the most recent deals and news in C4C's Climate Investment Newsletter, and let us know if there is anything you feel we should cover this week!

A staggering $2.4 trillion is needed annually to finance the much-needed energy transition in emerging and developing countries by 2030. This financing challenge was the focus of the recent Petersberg Climate Dialogue in Berlin, where delegates from over forty countries gathered to prepare for the upcoming COP29 in Baku, Azerbaijan. While concrete agreements on international climate finance have yet to be reached, a consensus is emerging: relying solely on public finance will not be enough. German Chancellor Olaf Scholz strongly believes that financing “climate action needs to be based to a much greater extent on facilitating private investments in sustainable growth.” A message echoed by the President of COP28, Sultan Ahmed Al Jaber, who called for public policies to stimulate significant private investment in “the greatest socio-economic opportunity since the first industrial revolution.” Discover how private investment can play a critical role in climate protection and what opportunities the energy transition presents in emerging Asia. Visit https://lnkd.in/ewmjTDpy now. This content should not be construed as investment advice or a personal recommendation. All investment involves risks. A loss of the capital invested may occur. Past performance, simulations, or forecasts are neither a guarantee nor a reliable indicator of future performance. #ImpactPlus #ImpactInvesting #PetersbergDialogue #Climatefinance #energytransition #DevelopingCountries #Asia #investment #renewableenergy #investmentopportunities #investing #climatechange #climatesolutions

Latest from Inevitable Policy Response. First in our 2024 Quarterly Briefings series, assessing global policy developments since July 2023. Download the report. Or watch yesterdays Webinar via Principles for Responsible Investment Webinars on Demand. Summary: The last 6 months, especially Q1 2024, have seen a spike in policy announcements. This reflects #COP28, an upcoming major election & preparation in EMDEs for a new climate finance regime. IPR tracked 166 credible and material policy announcements between Q3 2023 and Q1 2024, a 77% increase from cumulative policies tracked between Q1 2022 and Q2 2023. Cumulatively tracked credible and material policies for land increased by 147% since Q3 2023 and energy policies by 71% since Q3 2023. Out of the especially large uptick in policy announcements in Q1 2024, 53% are centered around the power sector, economy-wide decarbonization policies and new industrial decarbonization policies. Countries positioning ahead of the New Collective Quantified Goal (NCQG) #COP29 Negotiations & the mega election year are likely driving the policy spike in this period. 70% of the policies announced in Q1 2024 are from countries with 2024 elections. Other very active countries such as China & Nigeria are major players in the COP climate finance negotiations. More than 60% of cumulatively tracked policies are in line with a well below 2°C outcome. Developing economies are closing their gap with new energy & land use policies. The largest policy gap by emissions in advanced economies is in the land use sector. Read more: Download the full report: https://lnkd.in/gU3ZD4u2 Catch Up: Watch the 9th April Webinar via Principles for Responsible Investment Webinars on Demand: https://lnkd.in/gr8QqH_h A big thank you to PRI staff & our expert panelists from Climate Bonds Initiative, BNP Paribas and PRI. #iprforecasts #quarterlybriefings #webinar #climate #policy #transition #energy #landuse #investment #risk #opportunity #acceleration #netzero #stocktake #gst #ratchet #NETs #ESG #sustainability #NBS #landuse