Nicole Pasricha

Join us tomorrow for a @COP29 side event unpacking the opportunity to strengthen local adaptation. Hear from experts on adaptation performance, investment responses, and more. #COP29 #ClimateFinance #ClimateAction #Women4ClimateFinance

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The first in-person authors' and Advisory Board meeting of the #RDR2025, Rural Development Report 2025, titled ''Financing for Rural Transformation'' occurred in #Rome this week. On behalf of the International Fund for Agricultural Development (IFAD) as the lead agency, we welcomed the entire team and we spent it discussing, writing and sharing. We are getting ready for launch just before the #FFD summit in Spain in July 2025 (#Financing for Development). So watch this space. Some key things already important/emerging: 1. Despite 3.5 billion (47%) people living in rural areas today, there is almost no data on rural people and rural areas. In 2050, this number will still be large (3 billion!) 2. Despite 80% of the poor (AND 80% of the extremely poor) living in #rural areas, we dont know what we need in terms of financing for basic needs (or for #SDGs). Is this millions or billions or trillions? (Any guesses?) 3. What we dont measure, we dont treasure. 4. So far, a large part of development thinking, has positioned rural areas as subservient to urban ones (the main argument being economies of scale/aggregation). We dont, have any idea what an empowered, strong, thriving rural transformation, could look like. 5. That argument changes dramatically, if we consider that with disaggregated, high frequency, data we can use the high fragmentation, to create ''e-scale economies'': Billions of data points representing lots of agents, helps us hedge, invest, and insure better at the meso/meta level. Suddenly, its actually important to have lots of small disaggregated farms and businesses rather than large ones. Small becomes truly beautiful. 6. Rural areas can be an #investment opportunity, BECAUSE, they have fewer #stranded assets, and there is the opportunity of creating new markets. 7. Rural areas represent the opportunity to re-imagine our future! Rural transformation means areas are PERC (Prosperous, Equitable, Resilient and Connected). Our fantastic advisory board: (In picture) Shenggen Fan, Ana María Ibáñez, Chris Clubb, Lee Ann Jackson, Louise Fox, Patricia Ojangole; We missed Johan Swinnen and @thomas Reardon. Our authors (global/regional): Adolfo Brizzi, @Niklas Kesseler, Joel Moktar, Jan Priebe Narasimhan Srinivasan, Hezekiah Agwara, Randa Hamza, Nick Maddock, Miguel Robles (and their teams), Nadia Martinez, MBA, Saib Ahmad, Alexia Ipiotis Mikhail Kourenkov and myself. We have excellent support (physical, academic, mental and in spirit and in humor) from Dr. Alvaro Lario, Gerardine Mukeshimana, Constanza Di Nucci, Alessandra Garbero, Rick Van Der Kamp, Gulnara Yunusova, Claudia ten Have, Malek Sahli, Stephanie Micallef, Caterina Firova, Alexandra Enascut, Federica Cerulli Irelli, @Ronald Hartman and many others. Special thanks to EIIS - European Institute of Innovation for Sustainability and Andrea Geremicca for their stewardship. It takes a village.

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🌍 Exciting News in the Fight Against Deforestation! 🌳 It is getting easier for all sort of financial institutions to manage and mitigate deforestation in their portfolios! In this context, WWF has launched its introductory guide on deforestation and conversion for central banks, financial regulators, and supervisors & how these players can mitigate their contribution to deforestation. 📘 Our recent publication “Making Deforestation Due Diligence Work in Practice – A Practical Methodology & Implementation Guidance for Financial Institutions” supports this initiative. While there are a plethora of data sources out there, our contribution is that the methodology can be applied to the entire investment universe. ✨ Our Contributions: 💡 Step-by-Step Guide: Developed in collaboration with Andra AP-fonden (AP2) and Global Canopy, this guide simplifies the use of deforestation-related data, making due diligence more efficient. 💻 Online Resources: The guide is complemented by an online code repository on Github “Deforestation Free Finance” which makes our methodology ready for implementation 📊 Open-Source Dataset: The repository also contains an adaptable dataset for a broad universe, which allows financial institutions to start right away. 🔍 Explore Our Resources: 1️⃣ Press Release: https://lnkd.in/dZarfX-C 2️⃣ Methodology Report; https://lnkd.in/dthA-9Gw 3️⃣ GitHub Repository & Open Source Data: https://lnkd.in/ef5rJfAP ✔ Just three months ahead of the UN Biodiversity Conference COP16, our guide and tools are designed to make sustainable finance practical and effective. 💡 Join Us: This summer, we're hosting free online workshops to walk through our methodology for tackling deforestation due diligence. Reach out to our Senior Analyst Malte Hessenius to schedule your session. #Deforestation #SustainableFinance #ClimateAction #WWF #FinancialInstitutions #Biodiversity #COP16

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Innovation Forum insights – The financial frontier of climate transition: building agricultural resilience in Brazil. Niamh McCarthy from Orbitas, a Climate Advisers initiative, talks about the financial implications of climate transitions, focusing on forest, land use and agriculture sectors. We discuss key findings from a new report by Orbitas and discuss how companies and investors can mitigate risks, leverage climate-smart innovations and seize emerging opportunities while contributing to global climate goals. https://lnkd.in/ej2vGAWj

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$250 billion per year in #ClimateFinance by 2035 as proposed in the latest #COP29Baku draft is woefully inadequate. The #Adaptation Gap Report shows $400 billion is needed annually just for adaptation alone. This shortfall jeopardise our planet’s future. The draft also Invites developing country parties to make additional contributions. The world deserves real ambition, not diluted responsibility.

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🌍 Joint Call to Action: Finance Ministries Key to Making NDCs Investable Climate Plans🌿 Today marks a significant milestone as we celebrate the 5th anniversary of the Coalition of Finance Ministers for Climate Action. In a vital move, global finance and environmental leaders with the UN, have issued a Call to Action urging the engagement of Ministries of Finance in developing, implementing, and financing new national climate plans, Nationally Determined Contributions (NDCs). The 2023 Global Stocktake clearly warns that the world is significantly off track in meeting the goals of the Paris Agreement and urgent action is needed to combat the growing threats posed by climate change. With support from Finance Ministries, new national climate plans can be investable plans - helping to save the planet but also improving the livelihoods of people, families and local communities across the board. Read our full statement here: https://bit.ly/4aBK8Mo Read our press release here: https://bit.ly/3W79IUX

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Excellent, concise report exploring opportunities to align #biodiversity and #climate outcomes in #agriculture and #food systems. Whether you’re new to these complex issues or not, put it on the top of your reading list for the week/end📚🤓 “To effectively address climate change and biodiversity loss, leaders must capitalize on food systems as an entry point for action.” Climate Focus🙏 Farmers for Climate Action ⬇️

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When will we see the green finance tipping point? How long will it be before 'green finance' is simply 'finance'? And what will it take to get us there? Palladium's Gen McFalls tackles these questions, drawing on lessons from our recently completed Partnerships for Forests program. Read more: https://lnkd.in/gBVwf4xq #GreenFinance | #SustainableFinance | #InnovativeFinance | #ImpactInvesting | #Forests | #Climate | #ClimateChange | #ClimateCrisis | #Nature | #NaturePositive | #NatureBasedSolutions | #Regeneration | Systemiq Ltd. | #ImpactAtScale

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As #COP16 approaches, don’t miss these two great pieces by Ruth Davis #KMGBF #naturefinance published by @TESSForum on: 👉 The Transition to an Economy That Values Nature, in a policy brief: https://bit.ly/4eBkuJu 👉 Reforming Financial Systems & the Transition to an Economy That Values Nature, in our Synergies series: https://bit.ly/3TMl3Ib Together, she highlights: ➡️ why the value of healthy ecosystems & a thriving #biodiversity is not reflected in investment decisions due to sustained market failure ➡️ why fundamental reforms are needed to tilt financial incentives away from nature's destruction towards its protection & restoration ➡️ why the future landscape for #naturefinance needs to be shaped by those who are on the front line of #nature protection https://bit.ly/4eBkuJu

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How do we plan and design interventions that deliver for climate and for development, making climate investments more transformative? How do we ensure that communities are always at the center of investment processes and their needs are prioritized?     CIF's Transformational Change Learning Partnership has outlined 7 guiding principles to kick-start #climatefinance programs that deliver transformational outcomes.    📒 Download the full study and learn more about how CIF is driving collaboration and generating new knowledge on transformational climate finance ➡ https://lnkd.in/ewzPPBAe.      #Transform4Climate  MIKE WARD - Climate Action, Neha Sharma, Alfredo Villavicencio Vieira, Tim Larson, Janelle J. Roberts, Angela Cruz

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Strategic financing is critical for climate resilience. Our latest blog unpacks 7 guiding principles for preparing finance strategies for climate change adaptation in developing countries. These principles are developed based on a review of existing financing strategies for adaptation and input from experts engaged in their development. 🔗 https://bit.ly/3JRkh77 #climatefinance #NAPFinance

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Strategic financing is critical for climate resilience. Our latest blog unpacks 7 guiding principles for preparing finance strategies for climate change adaptation in developing countries. These principles are developed based on a review of existing financing strategies for adaptation and input from experts engaged in their development. 🔗 https://bit.ly/3JRkh77 #climatefinance #NAPFinance

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GAIA Asia Pacific is proud to share this new research led by Recourse which we have co-published along with other organizations. This study reveals that MDB's climate finance is ploughing back to rich countries and whatever little money there is for other regions -- they are going to problematic projects including greenhouse gas-emitting and highly polluting waste-to-energy plants, large-scale hydropower, mining for critical minerals, hydrogen, and ‘captive coal’ for industry – mainly in the form of loans (70%), not grants (4%), adding to the burden of already debt-distressed countries. A case highlighted in this report is Greater Malé Waste-to-Energy Project in the Maldives classed as 94-100% climate finance by the Asian Development Bank (ADB)) and the Asian Infrastructure Investment Bank (AIIB). In addition to pumping out hazardous fumes and greenhouse gases,(1) the project has caused a net increase of waste as the parliament had to legalise waste importation to feed the plant. In addition, we have also highlighted the fundamental gaps in climate finance methodology on financing "only for the organics portion of the wastestream" as feedstock for WTE incinerators. Given that biogenic wastestreams are carbon-intensive especially when these materials are sourced from already dying ecosystems and that waste is hardly segregated to begin with in developing countries -- this climate finance methodology merely supports a series of scams we have seen in carbon credit mechanisms. When financing in the waste sector, MDBs need to stop financing WTE incinerators and prioritize the higher options in the waste hierarchy which not only reduces GHG emissions but also improves environmental, economic, social, political and institutional benefits. #COP29 Afrah Ismail GAIA Asia Pacific

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The work for lasting systemic change calls on social impact funders to regularly reevaluate and map out strategies across a changing, complex landscape. Learn how funders can reflect, review and refine their portfolios to leverage progress. https://bit.ly/49wjOTT

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🌍Finance Trade Investment Day at COP29💰 As negotiations focus squarely on climate finance at #COP29, we must consider how to better support the most vulnerable communities in the Caribbean and other developing countries to tackle the climate crisis and ensure just and equitable outcomes. This not only includes scaling up funds, but ensuring access to those on the ground. 📄💡Check out the new Stockholm Environment Institute (SEI) policy brief on “A Framework for Distributive Equity of Adaptation Finance.” It serves as a guide for funders and implementers to ensure that adaptation finance not only reaches the most vulnerable, but is also used to enable structural change and address the underlying drivers of vulnerability. 🔗 https://lnkd.in/dm4CprMd This brief was developed under the Equity in Adaptation Finance research project led by SEI in collaboration with CANARI and University of Namibia. The Caribbean Climate Justice Alliance: Ama Earth Group Aurae Opus Caribbean Philanthropic Alliance Caribbean Youth Climate Justice Coalition Climate Analytics Caribbean Climate Tracker Environmental Awareness Group Environmental Protection in the Caribbean Global Yaadie IAMovement Island Innovation Jamaica Environment Trust Jamaica Network of Rural Women Producers Kairi Initiatives SAEDI Consulting The Breadfruit Collective The Climate Conscious The Cropper Foundation and many others🍃 #LocaliseFinance #ClimateFinance #ClimateAction #ResilientCaribbean #1Point5ToStayAlive #CaribbeanClimateJusticeNOW #Equity #Justice #CaribbeanClimateJusticeAlliance #FinanceCOP

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Launched today: New framework for measuring the impact of investments on #ClimateAdaptation and resilience now available to support #DevelopmentFinance institutions and impact investors. The report was developed by Adaptation & Resilience Investors Collaborative and outlines practical metrics that can be embedded in investment strategies. Download the new resource now to help close the adaptation gap and bolster climate resilience: https://lnkd.in/e6zhhigz #InvestInResilience

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Mr. Theo Brouwers, Member Treasurer, Supervisory Board, FINISH Mondial talks about the onset of Sanitation and Water Impact strategy. He mentions that FINISH Mondial is set to scale and innovate from transactional ledger (targeting informal sector), micro and wholesale lending for sanitation, Small and Medium Enterprises (SMEs) lending for Water Sanitation and Hygiene (WASH), for Sanitation and Water Impact. The latter started with a proof of concept with Cardano Financial Inclusion Fund and CASHPOR INDIA for a dedicated sanitation loan. The successful completion of the proof of concept paved the way for design of impact strategy targeting sanitation and water. Netherlands Embassy in India ISC-India Sanitation Coalition CSIR National Botanical Research Institute Lucknow NABSAMRUDDHI Finance Limited Incofin Investment Management Sonata Finance Pvt. Ltd. Satin Creditcare Network Limited SATYA MicroCapital Limited Abhijit Banerji Saurabh Agnihotri Abhishek Chaudhuri Bonani Roychoudhury Joohi Khushbu Chander Mahadev Aparna Pittie Nimisha Sinha #financialInnovation #scalingup #sanitationandwaterImpactfund

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