Levent Özen’s Post

The Ministry of Industry and Technology of the Republic of Türkiye (MoIT), in collaboration with the European Bank for Reconstruction and Development (EBRD), the International Bank for Reconstruction and Development (IBRD), and the International Finance Corporation (IFC), have signed a joint declaration on the establishment of the Türkiye Industrial Decarbonization Investment Platform (TIDIP). This initiative will facilitate Türkiye’s low-carbon transition in the industrial sector, in line with the country’s climate and development goals as outlined in the National Green Deal Action Plan, the National Development Plan, the updated Nationally Determined Contribution (NDC) and 2053 Net-Zero target. Through the Platform, the Partners commit to advancing the transformation of Türkiye’s industrial sector from fossil fuel dependency to renewable energy sources and low-carbon production processes. By driving energy efficiency and fostering innovation, the Platform aims to secure the country’s economic competitiveness while enhancing energy security and promoting sustainable economic development. https://lnkd.in/gTiGk6t4

International investment in sustainable development sectors, excluding renewable energy, has stalled since 2015, with foreign investors sponsoring only one fifth of infrastructure projects in developing countries. Preliminary data for the first quarter of 2024 shows an 11% decline in the number of projects compared to the 2023 average. However, the total value of these projects increased by 7%, driven by several large-scale projects. The outlook is particularly challenging for least developed countries (LDCs), where investment in sustainable development goals (SDGs) is expected to drop by over 25%, mainly due to declining investments in infrastructure and agrifood systems. Multilateral development banks (MDBs) can play a crucial role in attracting foreign private investment for infrastructure projects in developing economies. Currently, MDBs are involved in approximately 5% of all project finance deals aligned with the SDGs in these economies. Explore UN Trade and Development (UNCTAD) latest SDG Investment Trends Monitor: https://ow.ly/yGj050Tsjeg

International investment in sustainable development sectors, excluding renewable energy, has stalled since 2015, with foreign investors sponsoring only one fifth of infrastructure projects in developing countries. Preliminary data for the first quarter of 2024 shows an 11% decline in the number of projects compared to the 2023 average. However, the total value of these projects increased by 7%, driven by several large-scale projects. The outlook is particularly challenging for least developed countries (LDCs), where investment in sustainable development goals (SDGs) is expected to drop by over 25%, mainly due to declining investments in infrastructure and agrifood systems. Multilateral development banks (MDBs) can play a crucial role in attracting foreign private investment for infrastructure projects in developing economies. Currently, MDBs are involved in approximately 5% of all project finance deals aligned with the SDGs in these economies. Explore UN Trade and Development (UNCTAD)'s SDG Investment Trends Monitor: https://ow.ly/109350Tsjg5 #OurCommonFuture

State-controlled funds from Saudi Arabia, the UAE and Qatar have led global sovereign investments in the first six months of this year, with a broad focus on sustainable assets in a push to expand their portfolios and achieve their green investment goals, according to a new report by Global SWF.

Mercer unpacks Asset Allocation at The COP28 Africa Investment Earthshot Leaders’ Summit The COP28 Africa Investment Earthshot Leaders’ Summit builds on the Africa Climate Summit and the African Union’s 5% Infrastructure Investment Allocation Agenda (The 5% Agenda) to establish African green industrial infrastructure as a globally competitive investable asset class. The summit aimed to shape an African investment Earthshot Investment Allocation Plan for the Nairobi Declaration, to mobilize private capital at a scale that can be deployed at speed, de-risked through Institutional Investor-Public Partnerships (IIPP’s), and optimally marry African regional and global energy market demand with Africa’s industrial and Just Energy Transformation and growth, and to represent stable and performing assets in institutional investors’ portfolios. Read more: https://lnkd.in/dcWQkDGB #cop28 #investibleassets #africaninvestments #audanepad #greenfinance #greentech #infrastructureinvestment #infrastructure #greeneconomy #greenfinance #greenenergy

The EU hopes a first-of-a-kind investment deal with Angola will increase access to key resources needed for the green transition, while encouraging the west African state no to become over-reliant on its substantial oil reserves. The European Commission says a new sustainable investment deal with Angola will create a better environment for EU firms to invest in green energy, agriculture and essential minerals, helping prevent over-exploitation of its fossil fuel reserves. The EU-Angola Sustainable Investment Facilitation Agreement (SIFA) was the first of its kind, the EU executive said as the agreement entered into force over the weekend, and would also give the huge west African country improved access to the European market. https://lnkd.in/ekHjEeg7

Global investment in the energy transition is accelerating since 2019.

Accelerating Energy Transition in Asia and the Pacific The Asian Development Bank (ADB) has committed $50 million to Actis Asia Climate Transition Fund, an infrastructure fund managed by Actis to invest in #renewableenergy, #energysolutions, and #sustainabletransportation companies, typically in the range of $50-$200 million per investment. ADB’s assistance will help accelerate clean #energytransition and address #climatechange in Asia and the Pacific.   ADB’s investment in the fund will also address the region's vulnerability to various climate impacts by promoting climate-resilient infrastructure and climate-smart technologies.   The fund will help investee companies in creating net-zero plans that align with the Paris Agreement and in committing to a credible pathway to reduce emissions. Additionally, the fund will adopt a gender lens investing approach to enhance the #gender-inclusive practices of investee companies. Congratulations to the team! Janette Hall, Kervin Torchiva   #sustainablefinance #climatefinance #sustainabledevelopment #netzero #climateresilience #climateaction #PrivateSector #ADB   https://lnkd.in/ewhHiin4

Green Investment: The EU’s Initiative for Vietnam As part of her visit to Vietnam to evaluate the effectiveness and impact of EU-supported development cooperation programs and projects in the country over the past three years, on May 28, 2024, Ms. Myriam Ferran, Deputy Director-General of the Directorate-General for International Partnerships of the European Commission, held a meeting with the press. At the event, Ms. Myriam Ferran once again emphasized that Vietnam has always been an important partner of the EU in the ASEAN region. At the EU-ASEAN Summit in December 2023, the EU pledged 10 billion Euros at the ASEAN level to implement the European Green Deal and address the impacts of climate change.   Ms. Myriam Ferran, Deputy Director-General of the Directorate-General for International Partnerships of the European Commission “Vietnam is the fastest-growing economy in the world, so the demand for energy development is correspondingly rapid, and thus emissions per capita are also increasing rapidly. The issue for both the EU and Vietnam is to promote growth but in a sustainable way that brings benefits to people globally.” The EU has been pushing forward with its Global Gateway strategy in Vietnam, which aims to promote green and clean investments to address global challenges such as green transition, climate change response, digital transformation, sustainable transport, and human resource development in critical sectors like education, healthcare, and medicine. All these transformations ensure equity and benefit all people. The European Commission representative said she would meet with Vietnamese government officials, leaders of several Vietnamese ministries, and European businesses to promote investment in the energy sector. Energy cooperation is being promoted between the two sides within the framework of the Just Energy Transition Partnership (JETP). This is a cooperation mechanism between the Group of Seven (G7) industrialized nations and their partners, including five EU members and Vietnam. JETP aims to support Vietnam in addressing necessary issues to achieve its net-zero emissions target by 2050, phase out fossil energy sources, move towards renewable energy development, and improve energy efficiency. “We emphasize the contribution of grant aid, which is currently the number one source of funding for Vietnam to implement the JETP mechanism,” said Ms. Myriam Ferran. The EU group, with the participation of France, Germany, Italy, Denmark, and European financial institutions such as the European Investment Bank (EIB), the French Development Agency (AFD), and the German Reconstruction Bank (KfW), is cooperating to support Vietnam through the JETP program, with a large amount of capital equivalent to 15.5 billion Euros. Regarding the Global Gateway strategy initiative in Vietnam, Ms. Myriam Ferran said that on May 29, she would visit the Bac Ai Pumped Storage Power Plant in Ninh Thuan province. The plant, with...

International investment in sustainable development sectors, excluding renewable energy, has stalled since 2015, with foreign investors sponsoring only one fifth of infrastructure projects in developing countries. Preliminary data for the first quarter of 2024 shows an 11% decline in the number of projects compared to the 2023 average. However, the total value of these projects increased by 7%, driven by several large-scale projects. The outlook is particularly challenging for least developed countries (LDCs), where investment in sustainable development goals (SDGs) is expected to drop by over 25%, mainly due to declining investments in infrastructure and agrifood systems. Multilateral development banks (MDBs) can play a crucial role in attracting foreign private investment for infrastructure projects in developing economies. Currently, MDBs are involved in approximately 5% of all project finance deals aligned with the SDGs in these economies. Explore UN Trade and Development (UNCTAD)'s latest SDG Investment Trends Monitor: https://ow.ly/6kC250Tsjee #OurCommonFuture