World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


UN seeks financing for climate-friendly investment examples

UN and World Economic Forum seek shining examples of financing for climate-friendly investment

Bonn, Geneva 12 April 2013 – Beginning today through the end of May, people and institutions can submit examples of financial innovations for activities that curb greenhouse gas emissions or help the poor and vulnerable adapt to the inevitable effects of climate change.

The secretariat of the UN Framework Convention on Climate Change (UNFCCC), in partnership with the World Economic Forum, has opened a call for applications for “Momentum for Change: Financing for Climate-friendly Investment.“

The entries must relate to activities that are currently being implemented or have already been completed, and are scalable and replicable.

The initiative is designed to inform governments, investors, businesses, public finance agencies and the media about practical ways and means to enable a global shift towards environmentally and economically sustainable growth with the help of finance.

Pointing towards the fact that climate change can be seen as both a risk and an opportunity for business, UNFCCC Executive Secretary Christiana Figueres said:

“Clean energy investment is on the rise and the need to adapt to climate change is even more urgent. Many businesses, including some of the largest institutional investors, recognise the risks of climate change as well as the opportunities of low-carbon investments. I look forward to showcasing many examples of innovative climate finance at COP 19 in Warsaw,” Ms. Figueres said.

The initiative takes place in partnership with the World Economic Forum's Green Growth Action Alliance, which gathers over 60 of the world's largest energy companies, international financial institutions and development finance banks working to deliver greater investments in clean energy, transportation, agriculture and other green investments.

"We cannot address climate change without unlocking private finance,” said Thomas Kerr, Director of Climate Change Initiatives at the World Economic Forum. “There are many successful cases where governments have strategically targeted their public funds to mobilize significant amounts of private investment for green infrastructure. The World Economic Forum is pleased to partner with the UNFCCC to showcase and scale up these proven solutions.”

The most inspiring, innovative, successful and motivational activities selected as Momentum for Change Lighthouse Activities will be presented during the United Nations Climate Change Conference in Warsaw, Poland (11 to 22 November 2013).

Entrants can apply from 12 April to 31 May 2013. All entries that correspond to the criteria will be added to a register of inspiring activities on the Momentum for Change website.

About Momentum for Change
Momentum for Change aims to create a public platform that raises awareness about concrete mitigation and adaptation actions being implemented by a wide range of stakeholders at the regional, national or local levels. The initiative seeks to demonstrate the multiple benefits of addressing climate change and to transform misperceptions surrounding taking action on climate change.

About the UNFCCC
With 195 Parties, the United Nations Framework Convention on Climate Change (UNFCCC) has near universal membership and is the parent treaty of the 1997 Kyoto Protocol. The Kyoto Protocol has been ratified by 192 of the UNFCCC Parties. For the first commitment period of the Kyoto Protocol, 37 States, consisting of highly industrialized countries and countries undergoing the process of transition to a market economy, have legally binding emission limitation and reduction commitments. The ultimate objective of both treaties is to stabilize greenhouse gas concentrations in the atmosphere at a level that will prevent dangerous human interference with the climate system.

About the World Economic Forum
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas. Incorporated as a foundation in 1971, and headquartered in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests

www.weforum.org

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Russian Hack Job?: White House - Actions In Response To Russian Malicious Cyber Activity & Harassment

President Obama authorized a number of actions in response to the Russian government’s aggressive harassment of U.S. officials and cyber operations aimed at the U.S. election in 2016. More>>


Israel/Palestine: Michael Field - Background To How Israel Nearly Went To War With New Zealand

New Zealand and Senegal managed to get the United Nations Security Council to pass resolution 2334 which said Israel’s settlements in Palestinian territory violate international law and undermine a two-state solution in Israel's conflict with Palestine. More>>

ALSO:


US Indigenous Affairs: How President Obama Has Protected Our Sacred Land

I am very proud to be both Navajo and American. As the President of the Navajo Nation, I’ve dedicated my life to ensuring that, as a Navajo, my story -- and our stories -- are part of our collective American history. Today, I want to share one of those stories with you. More>>

Binoy Kampmark: The Berlin Truck Attack And The Refugee Question

The hard-nosed neo-cons were certainly showing little interest in linking arguments, examining evidence, or even considering elementary logic in the aftermath of the Berlin truck attack near the Gedächtniskirche. With the bodies fresh in the morgue, former US ambassador to the United Nations, John Bolton, peered into the mind of the everyday German, and found teeth chattering fear. More>>


Demonetisation: Gordon Campbell On India’s Huge Socio-Economic Experiment

Without much coverage at all in the West, India has just been engaged for the past few weeks in one of the world’s biggest socio-economic experiments since the Cultural Revolution in China. More>>

Gordon Campbell: On The Death Of Fidel Castro

New Zealand likes to think we played our part – via the 1981 Springbok tour – in bringing the apartheid regime in South Africa to an end… Jacob Zuma treated the death of Fidel Castro at the weekend as an occasion to pay a heartfelt tribute to the thousands of Cuban soldiers who travelled across the world to inflict the first significant military defeat on the forces of white supremacy. More>>

ALSO:

Gordon Campbell: On The US Election Home Stretch

Once again at the business end of a US election, the result will hinge on the same old bits of geography as always: the Five Crucial Counties in Ohio, the Two Crucial Counties in Pennsylvania and the I-4 Interstate Corridor in Florida that runs from Tampa Bay through Orlando to Daytona Beach. More>>

ALSO:

Meanwhile:


Get More From Scoop

 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news