Sadok Ayari’s Post

The wealthiest nations continue to craft lofty #climate promises while failing to deliver the #funds needed to tackle the #crisis. With President Trump’s climate #scepticism, the global fight against #climatechange is at a crossroads. Wealthy nations must face their historical #responsibility and provide meaningful #climatefinance to the #GlobalSouth, or risk a future of global #instability and #irreversible #climatedamage. Will developed nations finally step up, or will their inaction doom us all to an irreversible future? I write in Business Today https://lnkd.in/dHrrDWTi

Do you keep an eye on the future of investing and its impact on climate change? Then you should check out our latest article exploring why institutional investors should prioritize allocating capital to climate solutions. You'll discover the compelling reasons behind this pivotal shift and gain insights into the opportunities and benefits it presents. Here is the link to the full article! https://lnkd.in/dcxkHtsa

A key issue under discussion at #COP29 is climate finance. As part of the Paris agreement signed in 2015, countries committed to develop a new cash target for developing nations by 2025. This money would be used to help emerging economies cut their carbon and adapt to the worst impacts of rising temperatures. GIF’s #climate strategy has had an investment focus on resilience and adaptation since its launch in 2021. This approach recognises that #resilience and #adaptation are greatly underfunded in the developing world, even though research from the Global Commission on Adaptation demonstrates a 4:1 benefit/cost ratio. Funding for #innovation, and especially between pilot stage and commercial stage, is particularly scarce, and this ‘#pioneer gap’ is GIF’s sweet spot for #investment. We consider climate adaptation and resilience every time we invest. We also have a dedicated Innovating for Climate Resilience fund. Watch our film to find out more: https://lnkd.in/eyMMVvZK #innovatingtogether #climatefinance #internationaldevelopment United Nations Sida Foreign, Commonwealth and Development Office - Research, Science and Innovation

Finance for climate will be a major theme for both #NYClimateWeek and COP29 Azerbaijan. We know we need more investment in climate action, but there are a range of barriers preventing finance flows. Check out some new solutions in my paper https://lnkd.in/g5Qyh6tw Tony Blair Institute for Global Change

UN climate chief Simon Stiell has highlighted the necessity for a revamped global climate finance target, positioning it not as an act of charity but as a crucial investment in worldwide stability. In his address, Stiell underscored that effective climate finance is essential for fostering global cooperation and resilience against climate change impacts. He urged nations to collaboratively develop new financial goals that reflect the urgency and scale of the climate crisis. Stiell’s call for action at COP29 emphasized the interconnectedness of global economies and the mutual benefits of supporting climate initiatives. This approach seeks to drive a transformation in how climate finance is perceived and implemented globally. The emphasis is on proactive investment for a sustainable future rather than reactive measures. #ClimateFinance #GlobalStability #COP29 [Read more](https://lnkd.in/eBhDPHTu)

Carbon markets are essential for accelerating climate action in developing countries, where climate finance needs far exceed available resources. This second edition of “State and Trends of International #CarbonMarkets ” reviews the status of the carbon market and delves into the bottlenecks currently impeding growth.

After CoP 29 in Baku, the need for considerably greater volumes of public climate finance ( which will attract commensurate quantities of private finance) is a problem that has not yet been properly addressed by the international community. We are told that the trillions of climate finance urgently needed to support climate mitigation and adaptation activities around the world cannot be made available for these purposes. The rules of the dominant economic global model appear to “trump”the serious, current, existential requirement for vast quantities of ( largely) public funding to allow humanity to have some hope of avoiding the spectre of catastrophic global climate change and the possible extinction of the human race. So what stops the international community from acting collectively to generate a massive, multi- year programme of climate finance that could be distributed equitably amongst all countries of the world to support urgent climate action on their part? Oh yes- I forgot! The current rules of the global economy do not allow for such large volumes of finance to be agreed by the international political community, even though - if the idea had the backing of the governments of all countries around the world - the finance generated could be considered quite stable and risk- free as long as all countries using it were willing to abide by clear and agreed rules. The additional finance generated would need to be “ debt- free” rather than adding to the mountains of pre- existing debt carried by both developing and developed countries at present. The additional, debt- free climate finance could be put into circulation and drawn down by all countries on an agreed, timed, basis so that the risk of inflation arising could be mimimised. This additional, debt- free international climate finance would be best issued in the form of a new international reserve currency linked to global decarbonization efforts. While this would certainly have a potentially negative impact on the American dollar ( the current international reserve currency) , such action would represent a prudent move by the rest of the international political community, given how unpredictable and “ America First” in its political and economic/ monetary orientation the new Trump Administration is likely to be. A new international reserve currency linked to global decarbonization efforts is likely to promote much greater international political stability than the American dollar will do in the hands of Donald Trump, Elon Musk and others in the incoming US Administration. So what are we waiting for? Will the international political community consider the many political, economic and climate benefits of generating large volumes of debt- free climate finance at the international level and act accordingly, or will it continue to procrastinate and to avoid taking such action for fear of being in breach of the existing rules of the global economy.??

The COP29 summit will be crucial in redefining global climate finance. It will focus on setting a new, ambitious funding target that reflects the escalating costs of climate adaptation and mitigation. https://lnkd.in/e3uZt32v

Important article by Mariana Paoli on why rich nations need to provide public grants at scale for climate financing, not loans and private sector financing #COP29

CLIMATE ACTION: "Developing countries have a critical role to play in the global transition to net zero" True but I disagree with the statement "At around 10 percent of the global total (when land-use emissions and all greenhouse gases are considered), Africa already accounts for more greenhouse gas (GHG) emissions than Europe" as it is notoriously difficult to collect emissions data in Africa. Developing nations are the most vulnerable to global climate impacts so instead of pointing fingers we should engage in climate action but a fatal flaw needs to be fixed: adaptation and resilience are still differentiated from decarbonization. Our thesis lies on the premise that decarbonization w/Trees=adaptation+resilience+mitigation This is where a larger portion of climate finance should go.