3BL Media

DECEMBER 20, 2023

After years of negotiation, the fund, which will launch in 2024, received pledges of more than US$700 million from countries at the event. This is well below the US$387 billion a year that developing countries need, according to the United Nations Environment Programme (UNEP)’s Adaptation Gap Report.

UNEP 147

UNEP Climate Change Banking Development 147

Chris Hall

DECEMBER 18, 2024

Taxonomies define economic activities aligned with sustainability goals across multiple sectors and provide guidance to corporates and investors with an aim to mitigate greenwashing. The EU Taxonomy was among the first such tools, with its governing Regulation entering into force on 12 July 2020.

UNEP 72

UNEP Sustainable Investment Net Zero Development 72

Chris Hall

DECEMBER 20, 2023

Stronger wording might have been possible, but this was a big step in the right direction,” said Remco Fischer, Climate Lead, UN Environment Programme Finance Initiative (UNEP FI). I wouldn’t be surprised if next year we see something of a policy pause in 2024, partly because of the nature of the election cycle,” says Thomae.

Net Zero 84

Net Zero Paris Agreement UNEP Development 84