Catalyst 2030’s Post

During this season of gratitude, I am particularly grateful for the opportunity to participate in #cop28 as a speaker and attendee. I was transformed by the #impactful work and thoughtful leadership of global investors, sustainable development community leaders, government officials, business leaders, faith leaders, and philanthropists throughout #cop28uae #climateaction #netzero - COP28’s theme reflects the urgency to advance a global #sustainable economy now using today’s #technology and solutions. Examples: - New financing sources for clean energy and #food security included Blended Finance, Blockchain-based #carboncredits, and #renewableenergy certificates - Blockchain-based carbon credits generated from the permanent retirement of inefficiently operated US oil wells contributing 0.2% to the US oil supply yet responsible for 11% of all #methaneemissions COP28 Finance Takeaway: Blended Finance is catalytic WHAT: a structured financial model of public, private, and philanthropic capital to finance bankable projects and businesses focused on sustainable development. Blended Finance is not new. The quantum of participants across governments, corporations, sovereign wealth funds, pension funds, endowments, foundations, and family offices with shared #sustainabledevelopment goals is new. #investing #business Thank you Madina Namuleme for your insightful discussion on innovative solutions for enhancing #foodsecurity and #agriculture in Uganda! #innovation #sustainability #markets #economy #philanthropy #blendedfinance #leadership #esg #climatechange #blockchain #socialimpact #diversity #africa #environmentaljustice #uganda ZeroSix

#COP28 #BreakthroughAgenda Event If you are at COP28 please come along to Action Arena - Al Hur 1730 (Zone B7 Building 92) Stronger international assistance for high emitting sectoral transitions is key if we are to keep 1.5°C within reach. This event, convened by the Breakthrough Agenda, will bring together countries, financiers and experts in industry, hydrogen and road transport to explore how new collaborative efforts and novel finance programmes are being combined to enable holistic long-term planning, unlock system transitions and mobilise private finance at scale towards high emitting sector transitions in Emerging Markets and Developing Economies (EMDEs).  It will explore how the world is making progress in delivering on key Breakthrough Agenda Priority Actions agreed at COP27 and updated at COP28 – to systematically strengthen the international assistance offer to EMDEs in each economy sector. Online: https://lnkd.in/euxcQqNU

🌍 Exciting Times Ahead at COP28 for #developmentfinance and #Africa! 🚀 As the world gears up for COP28, a unique opportunity unfolds for development finance. It's not just about climate change; it's about transformative growth! 💡 🔑 Key Insights: Innovation: COP28 is a goldmine for innovative financing models. Think green bonds, climate funds, and impact investments! 🌱💰 Collaboration: It's time for public and private sectors to unite. Joint ventures can fuel sustainable projects with the power of capital! 🤝 Empowerment: Developing nations stand at the forefront. Strategic investments here can leapfrog to cleaner, more resilient economies. 🌏📈 Let's not just meet targets; let's create milestones! COP28 is more than a conference; it's a launchpad for a sustainable future through smart finance. 🌍 Turning Potential into Reality in Africa 🌍 For development finance to truly materialize in Africa during COP28, several critical steps are essential: Tailored Financial Instruments: Africa needs financial solutions that cater to its unique challenges and opportunities. This means creating customized investment vehicles, like Africa-specific green bonds and regional climate funds. 🌱💵 Strong Policy Frameworks: Effective policies and regulatory environments are crucial. Governments must provide clear guidelines and incentives to attract and secure investments. 🏛️📜 Capacity Building: Investing in local expertise and institutions is key. Empowering African professionals and organizations ensures sustainable management and growth of investments. 🧑🎓🏢 Risk Mitigation: Addressing concerns around political and economic risks is vital. Utilizing tools like guarantees and insurance can encourage hesitant investors to commit. 🛡️💡 Collaborative Efforts: Partnerships between African nations, international entities, and the private sector are essential for pooling resources and knowledge, ensuring a united front in tackling climate change while fostering economic growth. 🤝🌐 By addressing these areas, development finance at COP28 can become a transformative force for Africa, paving the way for a sustainable and prosperous future. 🚀🌍 #COP28 #AfricaDevelopment #SustainableInvestment #ClimateResilience #EconomicGrowth Morten Elkjær Njeri .M. Ngaruiya marcus courage Mette Annelie Rasmussen Christian K. Winkler Otto Vinther Christensen Jill Clements Wilfred (Wilf) Mwamba Douglas Flynn

Weak foreign direct investment threatens clean energy transition and development goals   With the #COP28 summit underway, catch up on the big issues around climate change with episodes of the #WeeklyTradecast from UNCTAD.   This time, we look at why we need to at the UN’s latest World Investment Report with Richard Bolwijn, in charge of UNCTAD’s investment research branch. Last year, global flows of foreign direct investment fell – after nosediving in 2020 and recovering in 2021. Developing countries did better than most as their FDI flows grew in 2022. But the heavy pressures on all economies remain from the war in Ukraine, high food and energy prices, financial turmoil and debt difficulties. With a massive $4 trillion annual funding gap threatening the Sustainable Development Goals in developing countries, the report calls for greater investment in clean energy. Tune into UNCTAD’s Richard Bolwijn to find out how we can boost investment and ensure developing countries do not get left behind. bit.ly/3D0QLsu Follow: unctad.org/unctad-at-cop28

COP28 Entrepreneurial Insights 💼: Our team attended a compelling COP28 UAE session featuring Maryam AlMansoori, Iman Ben Chaibah, Matteo Boffa, Ayoola Brimmo and Anthony O'Sulivan The session includes shifting towards inclusive global climate action, spotlighting youth and startups, and exploring innovative methods like sand for heat storage. 🌱 💪 Mariam’s zero-waste vision inspires systemic changes in waste management, emphasizing collective action and coordinated plans. COP28 serves as a crucial platform for investors and platforms to discover and support climate ideas, addressing specific entrepreneurial needs. 💡 💰 The focus shifts from financial rewards to intrinsic motivation, aligning with a sense of collective responsibility for a sustainable future. These reflections encapsulate COP28’s potential to drive impactful climate action through collaboration. 🤝🌍 #COP28 #ClimateAction #Sustainability #UniteActDeliver #EveryGreenActionCounts

Climate Action and the G-20 India (Bharat) succeeded in building consensus among G20 member countries, otherwise deeply divided on range of issues from #climatefinance to war in Ukraine. African Union became a member of the group. For the first time, #GlobalSouth played an important role in G-20 negotiations, which lends credibility to the outcome. India’s presidency has resulted in rebranding and rejuvenating #G20 agenda making it more relevant. G-20 members are responsible for 80% of #globalemissions. So, I’m particularly happy to see significant progress on topics such as #sustainabledevelopment, #cleanenergy and climate finance. Some Highlights from the New Delhi Leaders’ Declaration: - Commitment to triple #renewableenergy capacity and increase funds for #climate change related disasters. Developing countries would need $ 5.9 trillion by 2030 to meet their #climategoals. Another $ 4 trillion per year for the deployment of clean energy technologies by 2030. - Consensus to achieve global #netzero by or around mid-century. - Emphasis on just and inclusive #energytransition to create jobs and improve social economic #resilience. No country should have to choose between fighting poverty and fighting for our planet. - Agreement on need of low cost financing for energy transition in developing countries and to #scaleup sustainable finance. - ACCELERATE Platform: an #innovation sharing trade initiative to catalyze additional investments for climate action to be launched at the upcoming COP meeting. - Policy Initiatives: India to host Global Bio-fuel Alliance that will facilitate development of #biofuel economy globally. Also, Mission LiFE that promotes #circulareconomy and establishing #greenhydrogen standards. - After 8 years, only 12% of the targets under the UN SDGs are on track. Members agreed for further cooperation to effectively implement the 2030 Agenda. Looking forward to more discussions and action around #cleanenergy, #sustainablefinance and #impactinvesting during the Climate Week NYC by the Climate Group starting September 17th. New Delhi G20 Leaders’ Declaration Link: https://lnkd.in/eK7nFyJr G20 India | Ministry of New and Renewable Energy (MNRE) | International Solar Alliance | United Nations | COP28 UAE | Narendra Modi | Amitabh Kant | UNDP Sustainable Finance Hub #unsdgs #cop28 #nycclimateweek #cleanenergy #justenergytransition

Climate emergency

🌍 Is the Dubai Consensus at COP28 a game-changer in bridging the Global North-South transition divide, or are barriers hindering net-zero by 2050? Operationalisation of the loss and damage fund sparked enthusiasm, yet the elephant in the room remains — sluggish mobilisation of already committed funds. This slow-pace clashes with the urgency to uphold the 1.5-degree Paris goal, especially in an era dominated by such rapid advancements in other sectors such as AI. Jason Paterson, Innovation Manager, reflects on the ‘4P’ model of private, public, philanthropy and partnerships and its ability to revolutionise global funding dynamics. Read reflections from COP28: https://bit.ly/3vFsCao #TowardsNetZero #HelloFuture #TechnologyDrivingTransition #COP28Reflections #ClimateAction