Ulrich Brasche’s Post

Mr. Mbulenheni Mbodi from the Presidential Climate Commission offered an in depth analysis of the Just Transition Framework, adopted in 2022. He spoke on the framework’s role in guiding a fair transition to sustainability, informed by extensive consultations with diverse communities. He also discussed the global nature of climate challenges and stressed the importance of equitable climate finance. Mbodi pointed out that while wealthier countries have the resources to manage their transitions less wealthy nations need significant support to address their climate challenges effectively. #Sustainabilty #FutureofWork #JustTransition #FromGood2Great

Rich countries finally met their goal to deliver $100 billion in climate finance to poorer countries, a target that has been frequently cited as evidence of rich countries’ indifference, inaction, and lack of ambition on climate: https://on.ft.com/44ZTT4Y

Financial considerations can drive climate action:

On this #WorldEnvironmentDay🌍, we're highlighting work from our experts on the climate crisis' impact on global development. From insights on #climatefinance discussions at the Bonn Climate Conference to suggestions for COP29, catch up on our researchers most recent work on climate, energy, and environment👇 https://bit.ly/45aRCE6

Today, let's discuss three key terms in the world of climate change: Climate Change, Climate Finance, and Climate Justice. Climate Change: This refers to the long-term alteration of temperature and weather patterns. It encompasses changes in average conditions and increases in the frequency of extreme weather events. Climate Finance: This term denotes the local, national, or transnational financing sourced from public, private, and alternative funding mechanisms. It aims to support mitigation and adaptation efforts addressing climate change. Climate Justice: This approach to tackling climate change emphasizes the intersection of environmental, social, and economic issues, ensuring that the burdens and benefits of climate action are equitably distributed. #ClimateAction #Climatechange

Thanks to Barbara Buchner, Global Managing Director of Climate Policy Initiative, and all the team of Arsht-Rock Resilience Center, for showing us how much we must better #highlight to #investors the real economic opportunities and benefits generated in terms of #actions and #financing for #resilience and #ClimateAdaptation. Indeed, the Global Center on Adaptation estimates that every dollar spent on resilience can yield between $2 to $10 in net #benefits. While #inaction and #underfinancing in terms of resilience and #climate adaptation, i.e. less than 5% of international financial flows and only 2% came from the private sector, could, on the other hand, pose real problems of economic stability, particularly for the most climate-vulnerable countries. Learn more how the public and private financial sectors can come together to invest in a climate-resilient world at https://bit.ly/3xBCMKh

As the world economy transitions from high carbon to low carbon, the largest global investment in history is underway. In this episode of The Sustainability Story, host Deborah Kidd, CFA, talks climate bonds, transition, and policy with Sean Kidney, CEO of Climate Bonds Initiative, an international NGO working to mobilize global capital for climate action. Listen here: https://ow.ly/qrKt50RsmjA

💰 Without proper funding, climate action will stall. Climate finance - one of four pillars in our guidelines for effective national climate action plans (NDCs) - is essential for turning ambition into reality. The transition to a clean, resilient economy requires unprecedented financial investment. While the costs of inaction far exceed those of climate action, many countries lack the resources to implement their climate plans. High Ambition NDCs must therefore ensure resources flow where they are needed most and that all financial decisions support rather than undermine climate goals. Read our Guiding Principles for High Ambition NDCs in full via the link below.

Good discussion and initiative. As the insurance industry knows well, costs avoided are benefits. And as the risks of future costs rise from adverse climate impacts, so will market incentives to invest in adaptation. But those least able to afford these measures - wherever they live - are often at greatest risk.

When we invest in mitigation and adaptation, the benefits are clear. The Global Commission on Adaptation estimates that each dollar spent on resilience can return $2 to $10 in net benefits. “We need to be better at measuring those [benefits] and highlighting the opportunities for investors,” explains Barbara Buchner, Global Managing Director of Climate Policy Initiative. Last month, we invited global experts to consider the way forward for adaptation finance. While they acknowledged the dangers of inaction, they also underscored the real economic opportunities that come with climate action. Watch the recording to learn how the public and private financial sectors can come together to invest in a climate resilient world. ➡ https://bit.ly/3xBCMKh