Financing for Climate Friendly Investment | UN Climate Change
May 3, 2022
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7:00Now PlayingFinancing for Climate Friendly Investment | UN Climate Change
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as posted by the channelThis video looks at four climate finance projects are enabling low-carbon growth and highly resilient communities. It tells the story of the winners of the 2021 UN Global Climate Action Awards, in the Financing for Climate Friendly Investment category:
SunFunder | Africa: The leading debt-financing provider for distributed solar in Africa and other emerging regions, bringing access to energy and long-term climate investments. To date, it has closed over USD 150 million in loans to 57 solar companies.
Global Innovation Lab for Climate Finance | Multi-regional: The Global Innovation Lab for Climate Finance network accelerates well-designed financial instruments that can unlock billions towards a sustainable, inclusive, net zero economy, while also reducing private investors’ risks.
Energise Africa | Africa: A UK crowdfunding platform enabling people to support renewable energy projects (home solar) in Sub-Saharan Africa. To date, it has raised over £25 million in investments from everyday people putting their money to work for climate action and the SDGs.
Self-reliance & Solar in the West Bank & Gaza | State of Palestine: The first private sector investments in domestic power supply to help jump-start renewables and support economic development in the West Bank and Gaza, supported by the International Finance Corporation.
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The UNFCCC secretariat (UN Climate Change) is the United Nations entity tasked with supporting the global response to the threat of climate change. UNFCCC stands for United Nations Framework Convention on Climate Change. The Convention has near universal membership (197 Parties) and is the parent treaty of the 2015 Paris Agreement. The main aim of the Paris Agreement is to keep the global average temperature rise this century as close as possible to 1.5 degrees Celsius above pre-industrial levels. The UNFCCC is also the parent treaty of the 1997 Kyoto Protocol. The ultimate objective of all three agreements under the UNFCCC is to stabilize greenhouse gas concentrations in the atmosphere at a level that will prevent dangerous human interference with the climate system, in a time frame which allows ecosystems to adapt naturally and enables sustainable development.
#ClimateFinance #ClimateAction #UNClimateChange
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