IFC Climate Business & ESG Sustainability’s Post

 French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap for easing the debt burdens of low-income countries while freeing up more funds for climate financing. https://lnkd.in/d2dETd8v

Climate finance needs to be scaled up and redesigned so that governments, investors and businesses prioritize green solutions. World Economic Forum World Resources Institute https://lnkd.in/d4WVmAYg

Singapore’s government has committed public funds to help the country deal with the detrimental impact of climate change, which include droughts, floods and water scarcity. But experts say diverse sources of capital are also needed from private banks, insurance players and financial markets. Corporate green bonds, catastrophe bonds and blended finance projects are all ways to boost private sector involvement in adaptation finance. Carbon Trust Xinying Tok Emirhan Ilhan Grace Fu Singapore Green Finance Centre https://lnkd.in/d3c4TiKx

Unless shipping moves to #zerocarbon fuels and innovative technologies to green its energy footprint, the latest estimates suggest that #carbonemissions will grow by 90-130 percent by 2050, as compared to 2008 levels.   Rico Salgmann Isabelle Rojon Dominik Englert https://lnkd.in/eTFYBW6Y

Developing a pipeline of climate-smart public-private partnerships (PPPs) that translate the #ParisAgreement commitments into viable, bankable solutions are at the center of meeting #netzero ambitions and building long-term resilience.  Gisele Saralegui Khafi Weekes, PhD Mariana Silva ZUNIGA https://lnkd.in/dXw_HWiq

To protect #Thailand's #blueeconomy and scale up financing for green projects, IFC - International Finance Corporation is subscribing to a $400-million green and #bluebond issued by Bank of Ayudhya Public Company Limited (known as Krungsri), which aims to further support climate action and sustaining ocean health.  https://lnkd.in/dHRf6s-V

#Climate threats in #Barbados are so urgent that "our very survival is at stake," says Prime Minister Mia Amor Mottley. That’s why Barbados’ government has launched a wide-ranging national strategy to build resilience to #climatechange and unpredictable weather-related events. This tech-focused, data-driven approach to fortifying infrastructure, promoting #renewable energy, and cultivating #greenjobs can be adapted by other vulnerable nations. Learn more about this unprecedented effort. http://wrld.bg/ZhXw50ONoWo

Global subsidies for #fossilfuels, agriculture, and fisheries are driving the degradation of clean air, land and ocean - natural assets critical for human health and nutrition that underpin the global economy. This money could instead be used to finance much-needed climate action: ➡ Subsidies for ⛽ fossil fuels, 🥕agriculture, and 🐟fisheries exceed $7 trillion in explicit and implicit subsidies, which is around 8% of global GDP. ➡ Governments are spending trillions on inefficient subsidies that are making climate change worse – money that could be tapped to help solve the problem. ➡ Agriculture subsidies are responsible for the loss of 2.2 million hectares of forest per year - or 14% of global deforestation. Fossil fuel usage—incentivized by subsidies—is a key driver of the 7 million premature deaths each year due to air pollution. Fisheries subsidies, which exceed $35 billion each year, are a key driver of dwindling fish stocks, oversized fishing fleets, and falling profitability. ➡ Repurposing these wasteful subsidies will help ensure a green and just transition that can provide jobs and opportunities for all.  . #biodiversity #blueeconomy #climatefinance https://lnkd.in/dHmgaW7X

New report from The World Bank, The Hidden Wealth of Nations: The Economics of Groundwater in Times of Climate Change. offers new data and evidence that advances understanding of the value of groundwater, the costs of mismanagement, and the opportunities to leverage its potential. https://lnkd.in/dpbSZqz6