How can financial stakeholders coordinate the transition towards a sustainable financial system?

Countries are increasingly turning to Sustainable Finance Roadmaps to plan and prioritize transformative action.

Through the Aligning Finance Policies project, the Green Finance Platform is working with six countries - China, India, Kazakhstan, Mexico, Mongolia and Nigeria – to progress their Sustainable Finance Roadmaps.

Roadmap updates, upcoming events, op-eds and other project content can be found on the recently launched Aligning Finance Policies website.

#AligningFinancePolicies

“The peoples of the Earth,” Henry Morgenthau said in 1944 while closing the Bretton Woods Conference, “are inseparably linked by a deep underlying community of purpose.”

The institutional architecture – the International Monetary Fund (IMF), the World Bank and what became the World Trade Organization – that emerged from Bretton Woods may have been deeply flawed. But this was an attempt to underpin through practical financial and monetary cooperation the human rights and freedoms envisaged in the UN charter.

John Maynard Keynes, one of the architects of the Bretton Woods system, once said: “Anything we can actually do, we can afford.”

As an international community we can afford to deliver on the SDGs, work together through multilateralism and prevent climate catastrophe.
What we can’t afford is the alternative.

What does "Multilateralism" mean in 2022?
How can Stockholm+50 play a role in strengthening it?

Beyond Stockholm+50, what do you hope this meeting will accomplish?

Thank you Claudia Moray for this interesting though piece!

‘It was a crazy idea to put a linear economy on a circular planet. Initially, we may not have had many problems when it was small-scale. But now that we are overshooting all planetary boundaries, there is no space for a linear economy.’ said Robert-Jan van Ogtrop, founder of Circle Economy.

Check the blog to read the full interview written by Laxmi Haigh, Lead of Editorial at Circle Economy.

'The circular economy holds massive climate mitigation potential.'

This year's anniversary edition of the Circularity Gap Report—Circle Economy's annual assessment of how circular the world is and where we are headed—looks back at five years of analysis and learnings to highlight key messages worth repeating:
70% of greenhouse gas emissions are related to the way we produce and use products.

If applied globally and combined with current national climate pledges, circular solutions could deliver significant emissions reductions.

In the last few years since the Paris Agreement, we consumed more than half a trillion tonnes of virgin materials and the Circularity Gap got worse, not better.

On our way to net zero and to a more circular world, we must not forget about people.

Our response to the climate emergency must reduce global and local inequalities and protect against overshooting the means of the planet.

Explore the full report: https://lnkd.in/dBw7Q9Wx

Just Energy Transition Innovation Challenge
Deadline approaching soon!

The energy sector powers economies and sustains jobs. It also generates approximately two-thirds of global greenhouse gas emissions. If the Paris Agreement goals are to be met, the energy transition needs to accelerate and reach a tremendous scale. There will be substantive employment and social impacts that need to be anticipated and planned for. Overall, it is estimated that the energy transition will deliver net job gains.

The shift to sustainable energy requires innovative solutions and breaking with business as usual while ensuring that the transition is just and leaving no one behind. While innovation is needed, scalable solutions are hard to identify and do not always reach the people who may benefit most. The ILO is dedicated to finding and accelerating such innovations. Therefore, the ILO is now launching the Just Energy Transition Innovation Challenge. The challenge will identify, enhance, test, and disseminate high-potential policy ideas and solutions that promote a just transition for all, breaking from business-as-usual.

The ILO will select 3 winners amongst the proposals and solutions submitted. All 3 winners will benefit from technical assistance equivalent to the value up to 50.000 USD. They will be linked up with experts through ILO’s Just Transition Innovation Network and gain global visibility allowing them to present their innovative ideas to potential partners and the public.

For more information, deadlines, and eligibility criteria’s go to: climateaction4jobs.org/innovation-challenge

Europe and the world need to draw the right lessons from today’s natural gas crisis.

Today, Europe finds itself at the heart of an international energy storm. Understanding the causes of this crisis and drawing the right lessons from it is essential for the transition to more sustainable, secure and affordable energy supplies in the future.

"We are once again seeing claims that volatility in gas and electricity markets is the result of the clean energy transition. These assertions are misleading to say the least. This is not a renewables or a clean energy crisis; this is a natural gas market crisis" says Fatih Birol, Executive Director at International Energy Agency (IEA).

As a part of their climate security series the Global Dispatch Podcast has brought together a panel of experts to discuss the implications of the energy transition on security. Under the title "Is The Energy Transition an Opportunity or Risk for Climate Security?" various questions, such as the following, are posed.

How will local communities be able to benefit from low-carbon societies?
What does the energy transition imply for countries that depend on fossil fuels today?