GCF private sector conference makes business case to lower planet’s climate costs

 

 

Songdo, 10 Oct 2019“Business cannot succeed on a planet that fails.”

 

 

This was how the Green Climate Fund’s Executive Director Yannick Glemarec articulated his call for enhanced business action to tackle the climate crisis during the Fund’s second global gathering focusing on the private sector.

 

 

The three-day Private Investment for Climate Conference wound up yesterday in Incheon, the Republic of Korea, with a clear message for businesses and other financial institutions to embrace the risks and opportunities posed by climate change.

 

 

Participants from over 100 countries gathered to explore how to tap the acumen of the business world and the power of profits to drive new trends in sustainable development. A key focus of the conference was exploring how to break through market barriers which currently mean that only a small fraction of more than USD 210 trillion of private sector assets is funnelled towards climate action.

 

 

“Businesses cannot afford to be passive about climate change,” said Mr Glemarec. “Because ultimately all investment will be impacted by climate risk.” While warning that untrammelled climate change “endangers the security and economic livelihoods of hundreds of billions of people,” the Green Climate Fund (GCF) Executive Director spoke positively about the business chances that will accompany the emergence of a low-carbon, climate-resilient global economy.

 

 

“The imperative to tackle climate action offers attractive investment opportunities in climate solutions including renewable energy, low-carbon cities, energy efficiency, sustainable transport and climate smart agriculture,” he said.

 

 

Former UN Secretary General Ban Ki-Moon echoed Mr Glemarec’s call for greater business investment, especially in financing the fortification of countries and communities to better deal with the climate challenge.

 

 

“The threat of climate change is too big, too grave, too serious, and too urgent to delegate to governments and public institutions alone,” said Mr Ban, who is president of the Global Green Growth Institute – which, like GCF, is also based in the Republic of Korea. “Considering how urgently we are behind already in the struggle against climate change, we should be leveraging all of the available and scalable solutions, resources and technologies without delay.”

 

 

Emphasising the need to step up climate action, Mr Ban said the world is only months away from the start of a pledge by 2020 to jointly mobilise USD 100 billion of climate finance a year to developing countries. He called on governments and businesses to step up their cooperation in removing climate investment barriers – including political uncertainties and technological risks.

 

Read more...

Go back

CBFP News

Coming full circle: Cameroon follows in footsteps of CAR and Chad, signs Specific Protocols!

It all began in December 2016 in Douala, Cameroon with the 1st Meeting of Country Experts in Cameroon, the CAR and Chad on the Development of Specific Protocols (SP) relating to the BSB Bi-national and Tripartite agreements on the fight against transboundary poaching, notably the Specific Anti-poaching Protocol  relating to the N’Djamena Tripartite Agreement between Cameroon, the CAR and Chad and the Specific Eco-development Protocol relating to the Bi-national  Cooperation Agreement between Cameroon and Chad.

Read more …

ITTO- More collaboration and participation needed to achieve the SFM in the Congo Basin

The Tokyo International Conference on development in Africa (TICAD) is an international meeting hosted by the Japanese government and jointly sponsored by the United Nations, the United Nations Development Program, the African Union Commission and the World Bank. Taking the floor during the opening of this ITTO event, Ms. Matondo pointed out that international partners can help the Congo Basin population to overcome various hurdles impeding the sub-region’s achievement of the Sustainable Development Goals 1 (zero poverty) 13 (Measures to combat climate change) and 15 (land life) using innovative technology, know-how, entrepreneurship and capacity building.

Read more …

COMIFAC- Shanghai international forum: COMIFAC goes on charm offensive

Shanghai, Republic of China, 21-25 October 2019- More than three hundred and fifty delegates including about sixty members of the International Technical Tropical Timber Association (ITTTA), sixty conference speakers and panelists took part in the 21st ITTTA forum. COMIFAC was represented at the gathering by Mr. Georges Moucharou, 2nd Technical Adviser at the Ministry of Forestry and Wildlife and representative of the Acting President, Raymond Ndomba Ngoye, Executive Secretary and Mr. Valery Tchuante, a monitoring and evaluation expert.

Read more …

COMIFAC member countries make progress and develop innovations in implementing Nagoya Protocol

30 September to 1st October 2019, Douala Cameroon-: Sub-regional experience-sharing forum on ABS held between COMIFAC researchers and the Japanese private sector.

Read more …

African biodiversity highly valued at sub-regional experience-sharing forum on ABS between COMIFAC researchers and the Japanese private sector.

Douala, Cameroon, 30 September- 1st October 2019 “The sub-regional Convergence Plan projects a 25% increase in absolute terms in the forestry-environment sector’s contribution to the GDP of the COMIFAC countries by 2025” said Mr. Ludovic ITSOUA MADZOUS, Deputy Executive Secretary of COMIFAC, as he welcomed the holding of the first meeting between a developed country and researchers of the Central African countries.

Read more …

Preparatory workshop of the 18 December Civil Society Day within the framework of the Congo Basin Forest Partnership (CBFP).

Saturday, 2 November 2019, End and closing of the preparatory workshop of the 18 December Civil Society Day held within the framework of the Congo Basin Forest Partnership (CBFP).

 

Read more …

Huge turnout of CBFP members in Shanghai, China: Minister of State and CBFP Facilitator François-Xavier de Donnea strengthens dialogue between Congo Basin and key Chinese actors of the Forestry-timber sector

From 21 to 25 October 2019 in Shanghai, China), Minister of State and CBFP Facilitator, Francois-Xavier de Donnea, took part in the International Forum on Green Supply Chains for forest products industry, entitled : “Together towards Global Green Supply Chains - A Forest Products Industry Initiative”

Read more …

Sub-regional guidelines for tracking the contribution of forests to sustainable development goals in Central African countries

The deadline for submitting comments is 31 October (to allow time to include them in the version to be submitted to the participants of the validation workshop slated for 26 and 27 November in Libreville) Contacts: Valerie Tchuante (tvtchuante@comifac.org ) and Jean Claude Nguinguiri (JeanClaude.Nguinguiri@fao.org).

Read more …

CBFP News Archive

2019

BCC 2020 Save the Date!
Forest Watch October 2019
World Bamboo Day
China goes green again!
GEF Newsletter | June 2019
The Cafi Dialogues
Forest Watch April 2019
Forest Watch March 2019