Arab Finance’s Post

Wealthy nations finally met $100bn 💰 climate finance goal in 2022, OECD confirms. Organisation for Economic Co-operation and Development. Developed nations collectively mobilised $115.9bn in climate finance for developing countries in 2022, the first time thee $100bn collective annual goal has been met. Check out Cecilia Keating's latest article 👇 https://incm.pub/3R2SmFq #climatechange #sustainability #environment #decarbonisation #netzero

Part 4(Carbon Credit Project): Addressing the Disparity-Carbon Emissions vs. Offset Credits In my latest analysis of this project's historical data 📊🔍, a concerning trend emerges. 🌍 While CO2 emissions continue to soar, offset credits remain stagnant. This discrepancy is alarming and calls for immediate action. To address this challenge, we need to ramp up efforts to increase offset credit generation, adopt more sustainable practices, and advocate for stronger climate policies. Our planet's future hinges on these critical actions! 🌱💡 #ClimateAction #Sustainability #CarbonCredit Power Shift Africa, African Climate Stories, Pan African Climate Justice Alliance PACJA, KENYA PLATFORM FOR CLIMATE GOVERNANCE, ClimateWorks Foundation ACEF - Africa Climate and Environment Foundation, ClimateWorks Foundation, Climate Finance KENYA, Kenya Climate Innovation Center (KCIC), Climate.

Today's sessions on the Climate voices NG bootcamp week 2 with Dr. Shakirat B. Ibrahim and Abbas Agbaje (PIEMA, GRI-CSP) was quite Insightful. International Climate Agreements like the Paris Agreement and the Kyoto Protocol set global targets for reducing greenhouse gas emissions. Nigeria's Climate Policy Framework includes commitments like Nationally Determined Contributions (NDCs) to reduce emissions and National Adaptation Plans (NAP) to adapt to climate change impacts, focusing on sectors vital for the country's development and resilience. Also climate finance and technology play crucial roles in addressing climate change, yet there's still a gap between the funding needed and what's available. Loss and damage from climate impacts require mechanisms for compensation and resilience-building, while promoting green jobs can contribute to sustainable development goals by fostering economic growth and environmental sustainability. #ClimateVoicesNG #NGYouthSDGs

The 29th Conference of the Parties (COP29) has concluded with the adoption of the New Collective Quantified Goal (NCQG), replacing the outdated $100 billion annual climate finance target. The new goal sets a $300 billion annual target for climate financing, led by developed nations, until 2035. However, this decision falls short of the estimated $1.3 trillion per year required by developing nations to meet their climate finance needs. I leave Baku, reflecting on who really makes decisions in matters of dignity on which the climate negotiations are based upon, and whether developing states have the capacity to negotiate a fair outcome that reflects its needs on climate finance? The Climate Reality Project Philippines Pan African Climate Justice Alliance Trócaire #RewriteCOP #LeadOnClimate #ClimateRealityPH

🌍 Our head MENA reporter Angelik Nehme explores the intricate world of carbon markets with expert Björn Fondén. Discover their role in climate action, and the evolving landscape of international carbon credit trading. 🔊 "The rapid economic growth of countries in the region is putting significant pressures on both energy systems and natural ecosystems. Deforestation is another major issue in Southeast Asia, for which carbon markets can help as one of the tools to incentivise forest preservation and reforestation" #carbonmarkets #climateaction https://lnkd.in/eZtxMxdJ

📆 UN Climate Change Special Event on implementing carbon pricing SAT 16 Nov, 13:30-14:30 @COP29 This event will share experiences and lessons learned in exploring and implementing carbon pricing instruments to achieve climate commitments. It is conducted by the Collaborative Instruments for Ambitious Climate Action (Ci-ACA) initiative, supported by the Government of Germany, which has played a crucial role in promoting carbon pricing and carbon markets in developing countries since 2016. Various Parties, with support from six UNFCCC Regional Collaboration Centres (RCCs) through the Ci-ACA initiative, will present their state-of-play in terms of carbon pricing and carbon markets to date. Date: 16 Nov 2024 Time: 13:30-14:30 hrs Place: Special Event Room Buta, Zone B, COP29 Azerbaijan Speakers include Perumal Arumugam, UNFCCC Secretariat, and Malin Ahlberg, Federal Ministry for Economic Affairs and Climate Action, Germany. Presentations will showcase, among others, Nigeria’s pilot carbon tax, Ethiopia’s carbon market strategy, Bhutan’s positive list as part of the country’s policy framework, coordinating carbon markets in Eastern Africa, and the Dominican Republic’s ETS pilot framework. ➡️ Find out more at https://lnkd.in/e4M3XEMS #carbonmarkets, #Article6, #ParisAgreement

🌍🌱 Latest News | Tuesday, 23 July 2024 Yesterday, South African President, Cyril Ramaphosa, signed into law the Climate Change Bill, marking a pivotal step in South Africa's commitment to a sustainable future. To read more about this important moment, take a look here: https://lnkd.in/dheDDNDa #ClimateAction #Sustainability #GreenEconomy #Carbontricity

From empowering women-led SMEs in Uganda to safeguarding rainforests in Southeast Asia, climate finance is driving real change where it’s needed most. As #COP29 approaches, dubbed the “Finance COP,” the urgency for targeted, impactful funding has never been clearer. Inspiring initiatives highlight how innovative financing can transform lives, strengthen resilience, and accelerate global climate action. Read the full article now at: https://lnkd.in/ewPAwYn9 #ADSW #ADSW2025 #ClimateFinance

🆕Every week leading to #COP29, our #GovernanceActionSpotlight series will highlight the work of governance actors collaborating with stakeholders on climate action and justice. ✨🌍In our new feature, Executive Director of PEP - Partnership for Economic Policy, Jane Mariara highlights the importance of adopting evidence-informed policies in addressing governance challenges and climate change interventions as well as the need to address cultural norms, gender issues, and lack of intersectionality that often complicates effective climate action. 🤝 ☘ By fostering goodwill among government officials and local leaders, we can create policies that benefit everyone and strengthen our economies!💡📽 https://lnkd.in/da_v4y4j 📌 From 11 to 22 November, world leaders, civil society organizations, and other stakeholders will come together in Baku, Azerbaijan, to measure progress, negotiate the best ways to address #climatechange and advance the goals of the 2015 Paris Climate Accord, and also finance activities around it. #ClimateJustice #ClimateAction #ClimateAdaptation #InclusiveGovernance #GovernancePractice