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Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. of the ParisAgreement on Climate Change. “We UNEP FI is going to play a big role in in the year ahead in the piloting programmes to work out what this will look like.”.
The global economy relies on the health of the ocean, says Dennis Fritsch, Project Coordinator, Sustainable Blue Economy Finance at the United Nations Environment Programme Finance Initiative (UNEP FI). UNEP FI is working towards integrating the use of sustainable finance practices in support of ocean health by the global financial community.
The UN Environment Programme’s (UNEP) 2023 ‘ State of Finance for Nature ’ report suggested that investments in nature-based solutions (NbS) to date have been underwhelming. The IFB also includes the Financing Green Sector Transitions and the Financing Biodiversity initiatives.
Says Neil Burgess, Chief Scientist at UNEP-WCMC: “ Nature Map is a crucial new tool that can help to guide policies that tackle the twin crises of climate change and biodiversity loss together. This information is expected to enable policy leaders in both climate and biodiversity to position nature more centrally in the climate agenda.
The UN Environment Programme’s (UNEP) 2023 Emissions Gap Report – aptly titled ‘Broken Record’ – clearly states that the world is a long way from limiting global warming to 1.5°C Adaptation bonds are among the potential vehicles for private investment, but policy action is still needed at COP28.
Founded in April 2021 by UNEP FI, the NZBA has 143 members overseeing US$74 trillion in capital. trillion towards fossil fuel expansion since the 2015 ParisAgreement. More than 50% of NZBA’s members had to vote and two thirds of votes cast had to be in favour for the updates to pass. billion from Barclays.
limit suggested in the ParisAgreement requires comprehensive action by all signatories. It will be led and co-chaired by the Director-General of the United Nations Industrial Development Organization (UNIDO) and the President of the Sustainable Development Solutions Network (SDSN).
The UNFCCC synthesis report recognises the need for systems transformation in a way that the ParisAgreement has “never articulated before”, according to Levin. Efforts to limit global warming to 1.5°C
SDSN is proud to have contributed to Chapter 6 "Transforming food systems" of UNEP's 2022 Emissions Gap Report thanks to our FABLE Consortium scientific director Aline Mosnier. This lack of progress leaves the world hurtling towards a temperature rise far above the ParisAgreement goal of well below 2°C, preferably 1.5°C.
Dutch Finance Minister Sigrid Kaag reportedly said at COP that she didn’t know whether far-right Dutch leader Geert Wilders, who is trying to form a governing coalition in the Netherlands, will be able to implement some of his pledges, such as exiting the ParisAgreement or dismantling green funds.
As the world experiences record global temperatures and greenhouse gas emissions, the latest Emissions Gap Report from the UN Environment Programme ( UNEP ) found that current pledges under the ParisAgreement put the world on track for a 2.5–2.9°C For the 1.5°C C goal, emissions need to be cut by 42%.
But ultimately it needs to get down to legislation and policies at an international level. It’s not only ensuring that there is a place to define credibility, but also a place to define ambition.”
The approach is also designed to allow organisations to signal their alignment to global policy goals, such as the recently negotiated Global Biodiversity Framework much as they are now doing with climate reporting and net zero transition planning aligned to the goals of the ParisAgreement.
In 2005, a group of investment managers organised under the UN Environment Programme Finance Initiative (UNEP FI) commissioned law firm Freshfields Bruckhaus Deringer to publish a report , ‘A Legal Framework for the Integration of ESG Issues into Institutional Investment’. How does fiduciary duty relate to sustainable investment?
To accelerate this transition, UNEP has developed a Land Use Positive Impact Hub to support banks, asset owners and fund managers to determine how to measure the positive environmental and social (E&S) impacts of their land-use investments. Of the 51 climate-focused funds, representing US$30 billion AUM, only 10% were Paris aligned.
In this session, the Council will present engineering solutions for the energy transition and some key recommendations to serve as critical engineering inputs to COP negotiations.
To stop the decline of nature and meet the ParisAgreement objectives, strategies need to be designed and implemented for better managing land use for agriculture, infrastructure, biodiversity conservation, climate change mitigation and adaptation, water provision, and other needs.
C objective of the ParisAgreement would of course significantly limit these impacts. As the UN Environmental Programme (UNEP) summarises in their Adaptation Gap Report [8], “adapting to climate change makes economic sense” – with the Global Commission on Adaptation estimating a return of US$7.1
“I will be watching to see what the countermove is from Parties and their financial regulators, who ultimately are the ones who have power to compel firms to disclose this information and to ensure its quality,” she says.
Just prior to COP26, the UN Environment Programme (UNEP) launched the International Methane Emissions Observatory (IMEO) to improve the accuracy and public transparency of human-caused methane emissions. Investors should advocate for more information by asking companies to join the Oil and Gas Methane Partnership 2.0,
C temperature pathway. Last year, the UN Environment Programme’s (UNEP) ‘ Emissions Gap Report ’ said climate policies enacted worldwide could result in 2.8°C It’s hoped that this will fan the flames of ambition at COP28 in Dubai and inform the next set of NDCs. C of global warming by 2100 – and between 2.4-2.6°C
New sheriffs have set up shop and are drawing up rules on both the supply and demand side of voluntary markets, which may eventually be reinforced by regulation introduced by policymakers in line with Article 6 of the ParisAgreement. . “At Global mangrove forests sequester around 22.8
On 15 May, over 20 state attorneys-general sent a letter to NZIA and Net Zero Asset Owner Alliance (NZAOA) members, asking for information on their relationship to the alliances and commitments made. McCully said the mass exodus is down to increasing pressure from opposing US Republican politicians. Recipients were given a month to respond.
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