FMO - Dutch entrepreneurial development bank’s Post

♻️ Now #sustainability is everybody's business. UKEF’s chief executive officer, Tim Reid, said: “The release of our template #Climate Resilient Debt Clause is a watershed moment for the UK’s work in encouraging other creditors to consider similar provisions. With this, the #UK continues showing its commitment to helping those countries most vulnerable to climate shocks respond to crises and disasters.” 💚 🗞️ Check out this article with the news about how UK and France are acting to support the world's climate change. . #sustainabilitygoals #sustainabilitymatters #sustainabilityreporting #netzerocarbon #netzeroemissions #netzero #netzerocloud #carbonreduction #carbonfootprint #carboncapture #esgdata #esg #esgreporting #climatechange #climateaction #climatefinance #climateemergency

The Institutional Investors Group on Climate Change (IIGCC) has updated its Net Zero Investment Framework (NZIF) to “reposition” objectives and add #assetclasses. The group published NZIF 2.0 to replace the original version, which was published in April 2021. The new framework is designed to help #investors who have made #netzero commitments set targets and produce related net zero strategies and #transitionplans. #parisagreement #climatechange #decarbonisation

🌍 Exciting News! The Green Climate Fund Allocates USD 736 Million for New Projects and Readiness Strategy to Accelerate Climate Action 🌱 I am thrilled to share the latest update from the Green Climate Fund (GCF), which has just announced the allocation of USD 736 million for new projects and a readiness strategy to expedite climate action worldwide. This significant investment reaffirms the GCF's commitment to addressing the urgent challenges posed by #climatechange and supporting sustainable development. The GCF's funding will be directed towards a range of projects aimed at mitigating greenhouse gas emissions, adapting to the impacts of climate change, and promoting sustainable development in developing countries. These projects will cover various sectors, including renewable energy, agriculture, forestry, and infrastructure, among others. In addition to financing new projects, the GCF's readiness strategy will focus on building the capacity of developing countries to access and utilize climate finance effectively. This strategy recognizes the importance of empowering nations to develop their own climate action plans and implement them efficiently. The allocation of USD 736 million is a significant milestone for the GCF and the global climate community. It demonstrates the fund's dedication to mobilizing resources and supporting transformative projects that will contribute to achieving the #parisagreement goals. This announcement also highlights the crucial role that public and private sector collaboration plays in addressing climate change. The GCF actively seeks partnerships with governments, international organizations, and the private sector to leverage additional resources and expertise, ensuring the maximum impact of its investments. #GreenClimateFund #ClimateAction #Sustainability #ClimateChange #RenewableEnergy #SustainableDevelopment

There was a lot to like in the US government's joint statement outlining principles on voluntary carbon markets. Still, a particular highlight was that it emphasized the "identification and delivery of verified co-benefits" associated with carbon credit projects, including biodiversity. Explicit endorsement from the US government couldn't come at a better time. Here's why: 📈 The VCM is already becoming more nature positive. There's been a significant uptick in funding and buyer demand for projects that use an ecosystem restoration approach. I'm biased but Rubicon Carbon recently announced partnerships to support two great projects that very much fit this bill. 📜 New policies will drive more biodiversity action. Companies are already voluntarily disclosing biodiversity-related risks via the Taskforce on Nature-related Financial Disclosures (TNFD) framework. The International Sustainability Standards Board (ISSB) will explore adding biodiversity to its Standards, which could pave the way for more regulation. Disclosure will lead to action, and carbon projects with verified biodiversity co-benefits will be the focus. ❗The need is urgent. Biodiversity loss is proceeding at an unprecedented rate. In addition, the VCM is realizing what ecologists have known for decades: that biodiverse, natural ecosystems are critical to creating long-term, resilient carbon sinks. But there's work to be done to translate enthusiasm into investments. One big ❓: What does a carbon project with "verified co-benefits" look like? If we set a high integrity bar for carbon impact, a simple biodiversity label will not suffice. We'll need evidence-based approaches to show when projects contribute to biodiversity conservation. I'll discuss some options already available to us in future posts. Regardless, it's exciting to see the US taking such a bold stance on biodiversity.

📣 #ICYMI: Our latest publication on high-hanging fruit of climate change mitigation potential explores the relevance of high-hanging fruit projects, and the role voluntary climate finance can play to support such projects ( ⏩ https://lnkd.in/eQmhGdbc ). In the report we also set out recommendations for targeted interventions to support the development of a pipeline of high-hanging fruit projects: 1️⃣ Redefining additionality: Adjusting market mechanisms to consider project inaccessibility as part of "additionality." 2️⃣ Labelling mechanism: Introducing labels for high-hanging fruit projects to differentiate btw "possible" & "guaranteed" additionality. 3️⃣ Climate contribution funds: Establishing funds to support projects outside existing market mechanisms, incl. less mature technologies. 4️⃣ Corporate leadership: Companies can drive the way by identifying or contributing to initiatives supporting high-hanging fruit projects. 5️⃣ Proactive intermediaries: Consultants and intermediaries can play a crucial role in generating and promoting ideas for such projects. Read report in full: https://lnkd.in/eQmhGdbc #climatefinance #carbonmarkets #highhangingfruits #contributionclaims #offsetting

🌾 Although estimates vary, the environmental impacts of food and agriculture systems are recognised as high. They are also wide-ranging, extending far beyond a major contribution to #ClimateChange. What can we do to stop it? By Artemis Investment Management (Neil Goddin, FRM).

"To restore Earth’s forests and mitigate climate change, states should devolve management rights to the communities in these land parcels and grant them secure tenure," writes Dhanapal Govindarajulu of The University of Manchester. But "there are clear limitations on Indigenous and forest-dependent communities to access the finance that might aid them in their restoration work. Brazil’s proposed fund, and existing climate finance mechanism such as REDD+ and the green climate fund, must be made accessible to these forest communities. This would be easier if they had secure rights and tenure, with a clear set of management rules." https://lnkd.in/g3AnysFX

DID YOU KNOW: The world’s oceans help mitigate some of the most severe effects of climate change. Not only do they absorb almost 90% of global warming emissions and produce half of the oxygen we breathe, they also drive economic progress and job creation. Ocean-related industries generate $2.5 trillion of economic value globally and support almost 3 billion people’s livelihoods in industries including seafood, port construction and coastal tourism. IFG Asset Management is committed to supporting advancements in clean energy, climate-technology, environmental infrastructure, specialty chemicals, and the decarbonization of the built environment through our impact-focused advisory and investment activities. To learn more about IFG's commitment to the #blueeconomy including #oceanenergy and #sustainableaquaculture, visit: www.ifgcap.com #WavePower  #WaveEenergy #Energy #Turbine #HydroPower #PowerSupply #PowerGeneration #recirculatingaquaculturesystems  #aquaculture #fisheries #fisheriesmanagement #climatechange #sustainablefoodsystems #sustainabilitygoals #sustainability #foodtechnology #foodsupply #foodsecurity #water #blueeconomy #bluetech #farming #ruraldevelopment #rural #ruralamerica #wastewatermanagement #conservation #nutrition #agriculture #atlanticsalmon #salmon #RAS #HydroPower #MarineEnergy #MarineTechnology #MarineConservation United Nations International Renewable Energy Agency (IRENA)

Unlocking the potential of nature finance to address climate change and biodiversity loss https://lnkd.in/dtHgF_yY Muhammed Sayed Climate Finance specialist at Development Bank of Southern Africa (DBSA) In today's world, the challenges of climate change and biodiversity loss have never been more pressing. These global crises demand innovative solutions and a coordinated effort from the public and private sectors. As we discuss the future of sustainable finance, one of the most compelling topics on the horizon is how to expand nature finance- a pathway that inherently addresses climate finance. The key lies in recognising that nature finance holds the power to deliver a double win by simultaneously mitigating climate change and bolstering Earth's resilience...

In our latest publication we explore the relevance of the high-hanging fruit of climate change mitigation projects and the role that voluntary climate finance can play to support these projects ( ➡ https://lnkd.in/eQmhGdbc). High-hanging fruit of mitigation potential refers to the technologies and measures to decarbonise emission sources that remain otherwise entirely inaccessible to host country governments in the near- and medium-term future, on account of extraordinary costs or other insurmountable barriers that cannot reasonably be overcome. In the report, we set out why high-hanging fruit projects represent the only credible option for carbon crediting projects that are used for offsetting claims or compliance purposes in the post-2020 context. For climate contributions that are not associated with neutralisation claims, high-hanging fruit projects also represent a very attractive option for ambitious support providers who are interested to be at the forefront of innovation. As it is highly challenging to identify high-hanging fruit projects today and a pipeline of projects is not readily available, our new publication offers guidance on how such high-hanging fruit projects may be identified, along with recommendations for carbon crediting standards, intermediary consultants, and companies for how to realise this evolution of voluntary climate finance through the development of a project pipeline. Read the full publication 🔗 https://lnkd.in/eQmhGdbc Thomas Day #climatecontributions #offsetting #vcm #highhangingfruits #climatefinance #carbonmarkets