COP29: New commitment to channel $1.3tn of climate finance to developing world annually
The COP29 Presidency of Azerbaijan today announced the agreement of the Baku Finance Goal (BFG), ...
US Special Presidential Envoy for Climate John Kerry and Michael R. Bloomberg, Special Envoy to the United Nations Secretary-General on Climate Ambition and Solutions and Founder of Bloomberg LP and Bloomberg Philanthropies, jointly announced $3 million in support of the Sub-national Climate Action Leaders’ Exchange (SCALE), a first-of-its-kind initiative to support cities, states, and regions in the development and implementation of net-zero, climate-resilient targets and roadmaps.
The US State Department intends to provide $1.5 million in support of SCALE, subject to Congressional notification and the completion of domestic procedures, which will be matched by $1.5 million from Bloomberg Philanthropies.
SCALE will empower sub-national champions to drive ambition at the national and international level and will leverage action and advocacy organized around a set of high-level thematic and sectoral goals needed to keep a 1.5-aligned, climate-resilient future within reach. The initiative will expand the number of sub-national entities committed to ambitious climate targets; connect them to relevant tools and resources and support the development of additional programs and technical assistance; showcase the efforts of leading cities, states, and regions and facilitate peer-to-peer exchange and capacity building; and promote multi-level and cross-sector dialogue, including on opportunities to mobilize finance for sub-national action at scale.
In its first phase, it will focus on accelerating implementation of the Global Methane Pledge and its call for a 30 percent reduction in methane emissions by 2030.
The COP29 Presidency of Azerbaijan today announced the agreement of the Baku Finance Goal (BFG), ...
The European Bank for Reconstruction and Development (EBRD) is supporting the development and sustainability of ...
The Food and Agriculture Organization of the United Nations (FAO), in partnership with the Azerbaijan ...
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