While gender is increasingly being incorporated into NDCs, challenges remain for developing best practices for integrating gender into future NDCs.
Ban Ki-moon, President and Chair of GGGI and former UN Secretary-General, underlined the need to achieve net zero emissions by 2050, catalyze access to green finance; and increase the green share of ODA.
The Catalytic Capital for First Private Investment Fund for Adaptation Technologies in Developing Countries is the first private sector investment fund for adaptation.
The Global Green Growth Institute (GGGI) organized several discussions on the sidelines of the Glasgow Climate Change Conference (COP 26). Side events during the second week of COP 26 featured the importance of bilateral ODA for climate action and green recovery, a focus on the Republic of Korea among other countries, and ways to integrate gender into countries’ NDCs under the Paris Agreement.
On 8 November, an event on Upscaling Green Climate Financing and Green Official Development Assistance (ODA) for Climate Action and Green Recovery of Developing Countries explored on a range of financing options and initiatives for climate action and green recovery through bilateral ODA and other funding sources. Organized by GGGI and the Korea Water Resources Corporation (K-water), the event included remarks from Ban Ki-moon, President and Chair of GGGI and former UN Secretary-General. Ban underlined three elements required to achieve sustainable and inclusive development and resilience: achieving net zero emissions by 2050; catalyzing access to green finance; and increasing the green share of ODA.
The event highlighted GGGI projects, including:
- the Green Rehabilitation Investment Project for Karakalpakstan Republic to Address Impacts of the Aral Sea Crisis in Uzbekistan, supported by the Republic of Korea, and
- the Viet Nam Green Bond Readiness Program, supported by the Government of Luxembourg, which focuses on creating a domestic market for green bonds, through policy reform, capacity building for green bond ecosystems, and green bond pilot issuances.
A Green Climate Fund (GCF) representative highlighted approval of the Catalytic Capital for First Private Investment Fund for Adaptation Technologies in Developing Countries, the first private sector investment fund for adaptation.
A 10 November event on Accelerating Progress on Korea’s Net Zero 2050 Target focused on:
- actions that would catalyze green finance and increase ODA;
- how linking pollution and carbon emission reductions can accelerate progress;
- the importance of listening to the voices of the future generation of leaders;
- the role of cities in reducing carbon emissions through setting their own targets and tracking implementation of their own plans to address climate change; and
- innovative initiatives of Korean civil society organizations to introduce and adapt to carbon-free living.
The event was hosted at the Korea Pavilion and organized by GGGI and the Climate Change Center, who together serve as the Secretariat for the Blue Skies and Net Zero 2050 Campaign, a platform to demonstrate support for the Korean Government to announce a net zero emissions target by 2050. Ban Ki-moon delivered a message, as did representatives of youth organizations, the private sector, and civil society.
An event titled Adopting Net Zero and Enhancing Climate Action with Gender Perspectives in NDCs also convened on 10 November. Speakers noted that challenges remain for developing best practices for integrating gender into NDCs. The event focused on ways to eliminate barriers to women’s access to finance, agency, and political influence in countries’ shifts towards low-emission development pathways.
The event was co-hosted by GGGI and the NDC Partnership, which supports gender equality being integrated in NDCs. Panelists hailed from LAO PDR, Tonga, and Antigua and Barbuda. [GGGI at COP 26] [ENB Coverage of GGGI Events]