NEW REPORT | @mee_gopal and @Kate_K_Logan unpack climate finance flows to developing countries in Asia, highlighting the urgent need for enhanced transparency and accelerated reforms.💰
Check out some of their key takeaways ⬇️🧵https://t.co/coepXOoTmJ
My latest in @Diplomat_APAC on takeways for South Asian low-income economies from the World Bank and IMF Spring Meetings. Tl;dr - in the absence of quality climate finance flows, focus is now on domestic resource mobilization approaches.
"Addressing this #climate-debt nexus is not just about unlocking money or redressing historical injustices – it’s about creating a sustainable, equitable future for #SouthAsia’s 2 billion citizens," writes @mee_gopal for @Diplomat_APAC
https://t.co/CGQQlJGeBB
How has the relationship between the U.S. and South Asia changed during President Trump's first 100 days in office? Which ways will the relationships oscillate next? Discuss with @aizaz1101, @viveksans, @FahmidaKcpd, and @BhagyaS13, moderated by @AsiaPolicy's @faamer.
#India and #China should leverage climate cooperation to achieve their #climate ambitions and strengthen bilateral ties, says Meera Gopal (@mee_gopal) in the latest issue of #ChinaIndiaBrief. #cib251
➡️ https://t.co/xYjylhhFOz
Thank you @Diplomat_APAC for this wonderful opportunity! My interview on how Asian countries participated at COP29 in Baku and whether there expectations were met!👇
Meera Gopal on the Asia-Pacific at COP29: “All in all, vulnerable countries lamented that [COP29] was a lost opportunity for collective action and the outcome did not reflect a meaningful agreement on climate finance.” https://t.co/391Oiinxdn
A bit late, but this was a fun collab with @kaushikdeb where we looked at India's progress on current climate targets and what would an ambitious NDC 2.0 look like.
India's exceptional efforts have resulted in it meeting its NDC energy targets well ahead of time. Now is the opportunity for India to become the global leader on climate & increasing its climate ambition. @mee_gopal of @AsiaPolicy I discuss more in @ETEnergyWorld. @EPIC_India
Amidst thorny geopolitics, countries have stitched together a new goal on global climate finance at #COP29. The deal is historic and reflects the resilience of climate multilateralism. Yet it is also inadequate.
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Pre-doctoral Fellow @tarungk91, Fellow @na_easwaran, and Dean @kellysgallagher analyze India's economic and climate trajectory, highlighting opportunities to achieve net-zero emissions by 2050 while driving economic growth.
Read their policy brief here: https://t.co/Zq4erGExeD
TERI (@teriin) along with Asia Society Policy Institute (@AsiaPolicy), Bangladesh Environmental Lawyers Association (BELA), German Advisory Council on Global Change (@WBGU_Council ) and TERI School of Advanced Studies (@terischool ) organized a side event, 'Governance for Strengthening SDG-Climate Synergies' at COP29 in Baku today.
The session highlighted the critical need for integrated governance to bridge gaps between the #SDGs and #ClimateAction.
In her welcome remarks, @DrVibhaDhawan, Director General, TERI said, "Strengthening governance mechanisms to enhance synergies between SDGs and climate action is imperative to fostering coherence and multilateral cooperation, ensuring no one is left behind—especially the vulnerable and marginalized communities most affected by climate impacts."
Following that, session chair Prof Anna-Katharina Hornidge (@AnnaK_Hornidge) from German Advisory Council on Global Change (@WBGU_Council), delivered a framing presentation, stressing, "There is a need to emphasize the importance of conducting regular science-informed processes at the United Nations level to strengthen global water governance and inter-agency coordination," she said.
A policy brief, 'Synergies between Climate Action and SDGs: Implications for Multilateralism' was also launched during the event.
#TERIatCOP29 #Act4Earth #ClimateJustice #SustainableDevelopment
The launch was followed by panel presentations.
Speaking on 'SDG Climate Synergies and Multilateralism', Dr Shailly Kedia (@shaillykedia), Senior Fellow and Associate Director, TERI, underscored, "Political mandates must empower SDG-climate synergies—from HLPF to COPs to national actions. Strong SDG reporting and integration of SDGs in NDC 3.0 and stronger vertical coordination are key."
Dr Gopal Sarangi, Associate professor, TERI School of Advanced Studies (@terischool) stated, "Leveraging voluntary markets, linking them to compliance, and building on CDM experience can strengthen connections between carbon markets and SDG objectives, unlocking financing opportunities and ensuring impactful, sustainable outcomes."
Presenting on 'Just Transition in India with an Effective Carbon Credit Trading Scheme', Mr Alistair Ritchie, Director, Asia Society Policy Institute (@AsiaPolicy), said, "Emission Trading Systems (ETS) can contribute to achieving greenhouse gas (GHG) emission reductions and broader benefits, including SDGs."
In his presentation, 'Financing Locally Led Adaptation in Urban Area', Dr Md Golam Rabbani (@grabbani84), Head of Climate Bridge Fund Secretariat at BRAC
(@BRACworld), pointed out, "Adaptation needs long-term financing, as short-term funding does not yield lasting outcomes."
Ms Syeda Rizwana Hasan, Hon'ble Adviser, Ministry of Environment, Forests and Climate Change and Ministry of Water Resources, Government of Bangaldesh, emphasized, "The complexity of global negotiations demands a focus on climate justice, integrating both #adaptation and #mitigation. We need to fix the economic system first, placing nature at the forefront."
#COP29Azerbaijan #ClimateFinance #GlobalGoals #ParisAgreement
On Day 1 of the World leaders Climate Summit at #COP29Baku, #Nepal and #Maldives both underscore the need for more action on adaptation and resilience and call for scaling finance and reforming multilateral systems to enable flow of concessional finance.
As #COP29 is now underway in Baku, resharing our latest report with @WorldBankSAsia highlighting the importance of advancing climate resilience efforts in South Asia. If you haven't had a chance to read it yet, here is the link: https://t.co/kjm7umbCpS
In his speech today at #COP29 in Baku, #China's Vice Premier Ding Xuexiang stated, "Since 2016, China has provided and mobilized project funds of more than 177bn RMB ($24.5bn), strongly supporting other developing countries in addressing #climatechange." 🧵
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The @UNEP#AdaptationGap Report is out today, and aptly titled "Come hell and high water". highlights that while adaptation efforts and finance has increased from last year - we're nowhere near closing the gap. Asia's vulnerability and finance needs are among the highest globally
This becomes crucial with #COP29 just around the corner, where Parties will negotiate towards finalizing a new climate finance goal to replace the 100 billion/year goal.
Trump 2.0 will impact global climate policy landscape. Could this be Asia’s opportunity to strengthen its leadership on climate and development? In our latest, @BettyWangYR and I look back at the recent UNGA and WB-IMF Annual Meetings, and delve into key opportunities for Asia.
Amidst the uncertainty of U.S. #election outcomes, the spotlight is firmly on leadership and direction—at home and abroad. As global priorities evolve, #Asia has a unique opportunity to assert its leadership on #climate and development within the multilateral arena. @mee_gopal and @BettyWangYR dive deeper: https://t.co/jjjB20odXw
Most South Asian leaders are looking at continuity & hoping for some degree of predictability from Washington. The region’s best interest was to always work with whoever is in the White House and find ways that can build on existing relationships (& even reset some).@AsiaPolicy
We at @AsiaPolicy will continue to analyze, explain and bridge the policy communities of Asia and the West. Subscribe to our content for more as we follow these changing developments: https://t.co/iQIdyhmMMK