NewClimate Institute’s Post

Lucy Naydenova , Pacifica F. Achieng Ogola, PhD Caroline Mugwe Caroline Ouko All followers Thank you Ms Lucy Naydenova for this information to my climate friends: The Adaptation Benefits Mechanism on which the African Development Bank, some African countries and a range of stakeholders have been working so hard is now officially added to the toolbox for the implementation of the Paris Agreement. It is the first recorded non-market approach and the first recorded cooperative approach for adaptation. For those who still struggle to understand what a non-market approach is after more than a decade of the introduction of this term - it is a label for all structured ways of internal cooperation on climate action that are not carbon markets. I would like to thank all enthusiasts and pioneers who have been contributing tirelessly and congratulate them with passing this important milestone. In my view, rewarding climate-proof actions at the expense of climate polluters is an effective way for internalising the climate costs and accelerating a transition to a more responsible global economic model (not based on suicidal principles as it is now). The ABM is rewarding adaptation action in a non-profit way. It delivers results-based packages of quantified and verified information (MRV) for transparency under the Paris Agreement and other reporting. To really make it work, governments, especially those of developed countries, must show that they are serious about achieving the global goals for adaptation and climate finance (half of which for adaptation) and delegate part of the responsibility for adaptation action to the private sector, specifically those most responsible for it - just as it was done for mitigation in the European Union 20 years ago. This will not only help to internalise the costs for tackling climate hazards but also unlock a tremendously exciting new arena for international cooperation, technology development and transfer, which are usually win-win for all involved.

Over the last four years, the United States has accelerated technological innovation, developed critical infrastructure, and grown its industrial base to mitigate the risks from climate change – and lean into the economic upside that comes from the solutions. Join us as we sit down with Ali Zaidi, Assistant tot he President and White House National Climate Advisor to discuss how the Biden-Harris Administration catalyzed a profound expansion of U.S. global competitiveness and domestic prosperity by leading the world’s response to the climate challenge, and why continued U.S. leadership remains essential in the decades ahead. Register here: https://lnkd.in/e9gXYEFs

Developing Asia and the Pacific needs $1.7 trillion annually by 2030 to meet climate goals. Public funding alone isn't enough. A new analysis explores how national climate finance vehicles can stimulate private investment. It presents a model framework for designing a climate finance vehicle, and offers insights from international case studies highlighting effective climate-aligned private investment. Read and download it here. 👉 https://ow.ly/NM4m50U96Nh #COP29 with Brendan Coleman, Aisha Reynolds, Michael Schur

Today at #StateOfEU, we’re diving into the progress of the EU's Green Deal amid voices calling for stronger, faster action on climate, featuring: 🔹 Frank Elderson, Executive Board Member and Vice Chair of the Supervisory Board of the European Central Bank 🔹 Diana Urge-Vorsatz, Vice-Chair at the Panel on Climate Change (IPCC) and Professor at the Central European University (CEU) Hosting the ideas sharing session, focused on fighting in courtrooms for climate protection as a human right: 🔹 Isabelle Jorg, Board Member of Klima Seniorinnen, the Swiss Senior Women for Climate Protection 🔹 Rosmarie Wydler-Wälti, Co-President of Klima Seniorinnen, the Swiss Senior Women for Climate Protection Our #2024Voices study reveals that for many, climate is the most urgent issue, with citizens lamenting decades of missed opportunities and demanding bold reforms to “make up for lost time.”. Citizens across Europe shared their frustration with political inaction and greenwashing, calling out the need for policymakers to get tougher on big polluters and prioritise climate over profit. Many see the EU as the only body capable of enforcing meaningful change, with widespread support for taxes on high-emission industries and an end to fossil fuel subsidies. ❗ The call is clear: a just transition, higher standards, and a vision for a truly sustainable economy. As we discuss Europe’s climate future, we ask: what urgent steps must the EU take to ensure a climate-safe future for all? 🌐 #RenewedSocialContract #Voices4Choices 

New publication: “European Climate Policy After the Elections: Implementation Challenges and the Next Phase” With the confirmation of Ursula von der Leyen second term in office, the hard work of implementing decisions already taken and developing the next phase of EU climate policy begins. In this new sef: Development and Peace Foundation / Stiftung Entwicklung und Frieden Global Governance Spotlight I summarize the main developments of the past five years and highlight three key political challenges for the next Commission: 1️⃣ Narrower majorities in the European Parliament and Council in favour of ambitious climate protection. 2️⃣ The crisis in European industry and the economy as a whole, creating new pressure to legitimise ambitious climate policy. 3️⃣ Many unanswered questions about so-called 'hard-to-abate' emissions, which have received little attention in climate policy to date. With #competitiveness being the main theme of von der Leyen's second Commission, the following three recommendations would help to implement decisions already taken and decide on how to shape the next phase of EU climate policy from 2031-2040. ◾ Align industrial policy initiatives with climate goals and seize the opportunity to gradually expand the EU’s options for action in this field ◾Emphasize the external dimension of the Green Deal, especially if the implementation of new measures to promote European competitiveness triggers new international tensions. ◾Building political resilience: The EU's climate policy architecture has proven to be crisis resilient. Future EU climate policy should not only aim for high levels of ambition, it should also aim to build political resilience into the instruments.

I was at an event in Brussels today which brought together MEPs, DG Clima representatives, and private sector voices to discuss the EU’s leadership in addressing climate change. Key takeaways: ✅ EU Leadership: The EU has a robust regulatory toolbox under the Green Deal and a coordinated approach across member states. The EU is not only solving challenges for Europe but proving the business case for sustainability on a global stage. ✅ Diverse approach: The EU is unique in having a set of regulations which set the direction and a diverse membership which enables contextual approaches for varying geographies, economic conditions, national policy choices and risk appetites—creating a broad platform for validation. ✅ Private Sector’s Role: Businesses made it clear they are taking action and are ready to do more but need regulatory certainty. Uncertainty, such as we are seeing around the EUDR, the omnibus regulation, and the lack of a level playing field in carbon markets, inhibits investment and progress. ✅ Financing Climate Goals: The point was also made that the revenues from the ETS and future CBAM must be reinvested to accelerate sustainable markets. The global conditions present new challenges to keep up the momentum. We will see the green deal adapted towards a more industrial strategy, but from what I heard today I think the momentum will be maintained. A big thank you to POLITICO Europe for organising this event and to all participants for their invaluable contributions. Events like these strengthen collaboration and momentum toward a sustainable future. #Sustainability #GreenDeal #ESG #ClimateLeadership

Just launched on #UNiLibrary: "The Least Developed Countries Report 2024" Our latest report offers an in-depth analysis of how carbon markets can be harnessed to drive sustainable development and low-carbon transformation in least-developed countries (LDCs). Through this survey, policymakers and climate negotiators will find strategic recommendations to maximize the benefits of carbon markets under the Paris Agreement framework. 🌱✨ 🔗 Access the report here: bit.ly/3Z6QVdo

Securing social, economic and climate stability through the EU Strategic Agenda - European leaders will soon meet to begin re-hashing the EU’s priorities for the next five years

As the world navigates unprecedented environmental challenges, public financial institutions can further the objectives of the international accords designed to mitigate climate change. Our recent publication explores how green investment banks can mobilize capital and provide financing to help developing countries close the climate investment gap and support a just transition. Download the full publication here: https://ow.ly/rQMw50SwJgp

🇪🇺How is the EU tackling the most pressing climate and sustainability challenges? 🌱 Our GreenDeal-NET Roundtable Debate Series offers a platform for in-depth discussions on key issues in EU climate and sustainability governance. From the future of EU food systems to decarbonising energy-intensive industries, and the prospects of international climate negotiations, our diverse panel of experts will provide unique insights. 🗣️ Join policymakers, researchers, civil society, and industry representatives to explore solutions for a just transition and sustainable future. ✍️ Find out more and register here to engage in these critical conversations 👉 https://lnkd.in/dUGq_rdc #ClimateGovernance #Sustainability #EUClimatePolicy