Tag: #cop28review

COP 28 Resolution 27/57: The record-breaking temperature and climate-induced disasters represent the ever-growing requirement for all actors to increase action to adapt and build resilience, especially in vulnerable communities. The Sharm el-Sheikh Adaptation Agenda (SAA), launched and welcomed by Parties at COP 27,3 has been accelerating this action with stakeholders across systems throughout the year….

COP 28 Resolution 26/57: One of the examples by multilateral development banks and international financial institutions on this topic is the launch of the Nature Solutions Hub for Asia and the Pacific by the Asia Development Bank, to proactively scale up the flow of public and private finance into conserving nature and biodiversity loss in…

COP 28 Resolution 25/57: There were several actions regarding finance for nature. Serving as a companion to the reports of the above-mentioned Independent High-Level Expert Group and as a follow-up to the HighLevel Champions’ previously launched report on mobilizing private capital for nature, the newly launched report by the Center for Global Commons at the…

COP 28 Resolution 23/57: GFANZ, constituting a part of this above Coalition, has been working to develop the tools and methodologies needed to turn financial institutions’ net-zero commitments into action. They have published its 2023 Progress Report on transition finance, showing progress made on transition planning, and mobilizing capital in emerging and developing economies. Resolution…

COP 28 Resolution 22/57: In addition, the Global Capacity Building Coalition, supported by Bloomberg Philanthropies and with the engagement of organizations including the UN, World Bank and other multilateral development banks, International Monetary Fund, International Sustainability Standards Board, Network for Greening the Financial System, Glasgow Financial Alliance for Net Zero (GFANZ), and UN Principles for…

COP 28 Resolution 21: A Call for Collaboration on Enhancing the enabling environment to accelerate the mobilization of private finance for adaptation and resilience was issued at COP 28, was developed by private sector stakeholders and a number of Parties and supported by High-Level Champions with the joint objective to mobilize private finance for adaptation…

UAE COP 28 Resolution 20/57: In responding to the above-mentioned needs regarding the reform of international financial architecture, under the leadership of the High-Level Champions, multilateral development banks and international organizations such as the Green Climate Fund and the Global Environment Facility endorsed the Joint Declaration and Task Force on Credit Enhancement of Sustainability-Linked Sovereign…

COP 28 Resolution 19/57: The High-Level Champions presented multiple outcomes on their collaborative work on climate finance. First, as an outcome of the ‘Regional Platforms for Climate Projects’ heldthroughout the year with the UN Regional Commissions and the COP 27 and COP 28 Presidencies, they published the Assets to Flows II, which points out that…

UAE COP 28 Resolution 18/57: Under the leadership of the COP 28 Presidency, 13 national governments endorsed the UAE Leaders’ Declaration on a Global Climate Finance Framework. The Framework will work to unlock the investment opportunity of climate finance through collective action, opportunity forall, and delivering at scale. It is also planned to report back…