G20 SUSTAINABLE FINANCE REPORT
G20 introduces reforms for multilateral devel- opment banks to boost financing for climate action, including leveraging private capital World Bank and other MDBs announce commit- ments to direct lending to climate resilience and renewable energy projects COP28 IN DUBAI COP28 includes the Global Stocktake to assess progress towards meeting the $100 billion goal and the effectiveness of climate finance mechanisms Discussions continue on a new post-2025 finance architecture, with a focus on scaling up public and private investment for mitigation and adaptation
EUROPEAN GREEN DEAL INVESTMENT PLAN European Union launches plan to mobilise €1 trillion in sus- tainable investments over the next decade to transition to a low-carbon economy
COP26 IN GLASGOW Canada and Germany announce Climate Finance Delivery Plan to meet the $100 billion annual goal by 2023 Over 100 countries join Global Meth- ane Pledge to reduce emissions by 30% by 2030, with finance directed to developing countries Just Energy Transition Partnership announced with South Africa, with $8.5 billion pledged by the United States, United Kingdom, EU and others to support transition away from coal
COP29 IN BAKU
COP27 IN SHARM EL-SHEIKH
New collective quan- tified goal on climate finance expected
Loss and Damage Fund created to help vulnerable countries cope with the impacts of climate change Discussions begin to replenish the Green Climate Fund New pledges made to the Adaptation Fund, including commitments from Germany and the United States
29
Made with FlippingBook - Online magazine maker