EBS Executive School: Top-Weiterbildung in Sustainable Finance & Sustainable Business

Bonn in focus

World Climate Foundation Director of Networks and Programmes, Carmen Bamford, was on the ground at the Bonn conference

World Climate Foundation Director of Networks and Programmes, Carmen Bamford, was on the ground at the Bonn conference, getting a read on where we are in the climate transition, and how far we still need to go. Here are her key takeaways:
 
© World Climate Foundation© World Climate Foundation
On Finance: "The need for specificity about the quality of finance was emphasized. It was acknowledged that public finance alone is inadequate and can lead to more debt, with 60% of climate finance being debt-inducing.

"Globally, we need to move beyond debt-building public finance to focus on more sustainable and equitable sources of funding.

"Ensuring finance is not only about meeting a numerical target but also addressing rising needs, including loss and damage, in the new financial goals is essential.

"There is a need to think innovatively about transforming the existing infrastructure, and leveraging public-private partnerships will play a key role. Governments, businesses, financial institutions and international organisations will need to work in lockstep to convert ambition into action.

"There is a strong business case for private sector organisations to deliver the investment that will place them at the vanguard of this transformation.”

On Public-Private Collaboration: "With 200 days left for NDC submissions next year, it is crucial that the focus shifts to swift and just implementation involving all of society. 

"To achieve maximum acceleration, it is essential that government cabinets and boardrooms align on priorities. Spotlighting investable solutions and breaking down silos between sectors will be vital. Additionally, it is necessary to continue the dialogue from COP28 and build momentum towards COP29. 

"We will of course be doing our utmost to facilitate that throughout 2024 and beyond, through our high-level summits, partnership and coalition-building.” 

On SMEs: "SMEs are incredibly significant in the context of climate finance and renewable technology innovation. They represent 50% of the global market and 80% of employment, making them the backbone of the global economy.  

"SMEs are responsible for 25-30% of private sector innovation in renewable technologies. Therefore, supporting SMEs is crucial for driving sustainable economic growth and technological advancements in the fight against climate change.” 

On Fossil Fuels and the ‘Just Transition’: "The divergence in conversations about phasing out fossil fuels between the global north and south is rooted in differing interpretations of a ‘just transition.’ There seems to be a collective memory oversight about promises made in previous COP meetings, such as COP28.  

"The lack of dialogue between countries in Bonn has been a significant issue, with no substantial conversations addressing the specifics of fossil fuel phase-out tailored to the distinct needs of the global north and south.  

"To bridge this gap, it is essential to facilitate meaningful dialogues between countries to understand and address their specific challenges and needs regarding fossil fuel phase-out. 

"We need to clearly define what a just transition means for different regions to ensure fair and equitable progress, and we must revisit and uphold commitments made in previous climate agreements to maintain trust and accountability.” 

In Conclusion: "The mood among officials and policymakers was one of urgency and concern, particularly as current trends point towards a 2.7 degrees Celsius annual rise in global temperatures, as noted by the UNFCCC chair.  

"There was a call for more focus on locally led adaptation efforts, highlighting a structural problem in the way dialogues are conducted. Many cities that could benefit from these discussions have not been participating in the SB 60 meetings.  

"There is significant in the lack of movement on finance, with a need for a greater emphasis on quality, justice, transparency, and income sources in climate finance.”

Kontakt: World Climate Foundation | info@worldclimatefoundation.org | www.worldclimatefoundation.org


Umwelt | Klima, 17.06.2024

     
        
Cover des aktuellen Hefts

Save the Ocean

forum 02/2025 ist erschienen

  • Regenerativ
  • Coworkation
  • Klimadiesel
  • Kreislaufwirtschaft
Weiterlesen...
Kaufen...
Abonnieren...
17
MÄR
2025
"Dünnes Eis"
"Komm mit auf Polar-Expedition!"
80339 München, bis 08.11.
17
MÄR
2025
9. Pioneers of Change Online Summit
Regeneration - Kraft für eine lebendige Welt | Rabatt aufs Kongresspaket für forum-Leser*innen!
online, bis 25.03.
Alle Veranstaltungen...

Professionelle Klimabilanz, einfach selbst gemacht

Einfache Klimabilanzierung und glaubhafte Nachhaltigkeitskommunikation gemäß GHG-Protocol

Digitalisierung

Lässt sich KI politisch einfangen?
Christoph Quarch ruft zum zeitnahen "Human Action Summit" auf
B.A.U.M. Insights
Hier könnte Ihre Werbung stehen! Gerne unterbreiten wir Ihnen ein Angebot

Jetzt auf forum:

Das Meer in uns

Nicht Pflicht, sondern Chance

Netzwerktreffen der Wohnungswirtschaft: Wie geht es weiter auf dem Weg zur Klimaneutralität?

Mika erzählt uns auch davon, dass diese Natur bedroht ist

Trennhinweis e.V. feiert Meilenstein

Nachhaltigkeit im Sport, Dekarbonisierung, nachhaltige Lieferketten – bis 15.3. für Weiterbildung bewerben

Aus V4Drive wird V4Smart

Partnerschaft für GeNuss und Bio Premium Qualität

forum extra, Beilage in der Wirtschaftswoche
  • World Future Council. Stimme zukünftiger Generationen
  • Global Nature Fund (GNF)
  • ECOFLOW EUROPE S.R.O.
  • Kärnten Standortmarketing
  • NOW Partners Foundation
  • Energieagentur Rheinland-Pfalz GmbH
  • Futouris - Tourismus. Gemeinsam. Zukunftsfähig
  • Dr. Ing. h.c. F. Porsche AG
  • Engagement Global gGmbH
  • BAUM e.V. - Netzwerk für nachhaltiges Wirtschaften
  • toom Baumarkt GmbH
  • DGNB - Deutsche Gesellschaft für Nachhaltiges Bauen
  • circulee GmbH
  • Protect the Planet. Gesellschaft für ökologischen Aufbruch gGmbH
  • World Future Council. Stimme zukünftiger Generationen
  • Global Nature Fund (GNF)
  • ECOFLOW EUROPE S.R.O.
  • Kärnten Standortmarketing
  • NOW Partners Foundation
  • Energieagentur Rheinland-Pfalz GmbH
  • Futouris - Tourismus. Gemeinsam. Zukunftsfähig
  • Dr. Ing. h.c. F. Porsche AG
  • Engagement Global gGmbH
  • BAUM e.V. - Netzwerk für nachhaltiges Wirtschaften
  • toom Baumarkt GmbH
  • DGNB - Deutsche Gesellschaft für Nachhaltiges Bauen
  • circulee GmbH
  • Protect the Planet. Gesellschaft für ökologischen Aufbruch gGmbH