UNFCCC: Developing countries are forecast to represent over 60% of global GDP by 2030. However, given growing environmental and resource challenges such as climate change and water security, the imperative for shifting development onto a resource-efficient growth pathway is increasingly clear. Governments can use strategically targeted public monies and policies to address the risks faced by private investors, resulting in a significant increase in private capital flows for climate-friendly development.
Momentum for Change: Innovative Financing for Climate-friendly Investment recognizes successful financial innovations for adaptation and climate mitigation. It showcases “lighthouse activities” which represent successful public-private financing mechanisms and approaches to support climate change adaption and mitigation activities.
The Momentum for Change: Innovative Financing for Climate-friendly Investment pillar will highlight activities that best meet the following basic criteria:
- The activity implies a strong collaboration between the public and private sector in a developing country;
- The activity has a focus on clean energy, transport, agriculture or other green growth areas with a longer term goal of achieving low-carbon growth;
- The activity is leveraging significant amounts of private finance;
- The activity helps to address some of the markets barriers and failures that have been identified in the country;
- The activity is scaleable, replicable and demonstrates elements of innovation.
Momentum for Change: Innovative Financing for Climate-friendly Investment is implemented in partnership with the World Economic Forum.
The first round of Momentum for Change: Innovative Financing for Climate-friendly Investment “lighthouse activities” will be showcased by the United Nations Climate Change secretariat at COP 19/CMP 9 in Warsaw, Poland. Applications will be accepted beginning 12 April 2013.
More information on Momentum for Change: Innovative Financing for Climate-friendly Investment can be found in the press release (177 kB) .
More information on the launch event of Momentum for Change: Innovative Financing for Climate-friendly Investment during COP 18/CMP 8 can be found in the press release (116 kB) .
Started in year 2010, ‘Climate Himalaya’ initiative has been working on Mountains and Climate linked issues in the Himalayan region of South Asia. In the last five years this knowledge sharing portal has become one of the important references for the governments, research institutions, civil society groups and international agencies, those have work and interest in the Himalayas. The Climate Himalaya team innovates on knowledge sharing, capacity building and climatic adaptation aspects in its focus countries like Bhutan, India, Nepal and Pakistan. Climate Himalaya’s thematic areas of work are mountain ecosystem, water, forest and livelihood. Read>>