04 | Clean energy boosts, nature-positive investments and the Actionist Train
Dec 2, 2023
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Guests from the UK Corporate Leaders Group and the Asian Infrastructure Investment Bank discuss topics such as the global decarbonization accelerator, oil and gas decarbonization charter, climate and health declaration, and global database for net-zero targets. They also talk about key policy asks, private sector solutions, and the maturation of nature as an asset class in Asia.
Involving people and considering their well-being is crucial in the transition to clean energy and addressing climate change.
Standardized metrics and financial instruments like KPI-linked bonds are needed to attract investments in nature restoration and turn nature into an asset class.
Deep dives
The Key Policy Asks of Businesses and Academics
The UK Corporate Leaders Group at CISL is advocating for fossil fuel phaseout, ensuring nature is part of the climate conversation, and addressing finance and loss and damage issues. They emphasize the importance of involving people and considering their well-being and the need for adaptation measures.
The Role of Multilateral Development Banks in Protecting Biodiversity
The Asian Infrastructure Investment Bank highlights the importance of nature as infrastructure and the need for both direct and private sector investments in nature restoration. They stress the significance of standardized metrics, bankable products, and financial instruments like KPI-linked bonds to attract investment. The bank is working to create partnerships and is collaborating globally to turn nature into an asset class.
Communication and Bankability of Nature-based Solutions
Nature-based solutions for infrastructure have the potential to save billions of dollars annually, but investments in nature currently fall short of what is needed. Establishing standardized metrics, such as those provided by the TNFD, can help assess risks and opportunities. Considerable investments are required to meet targets, and collaboration between public and private sector entities, philanthropic capital, and MDBs can make nature investments more bankable.
Thematic Day: Relief, Recovery, and Peace
The upcoming thematic day at COP28 will focus on relief, recovery, and peace. Difficult conversations will revolve around health, climate justice, and the intertwined nature of the climate crisis and public health. Expect discussions on the impacts of climate change on vulnerable communities, adaptation measures, and the link between climate solutions and public health solutions.
Luke and Sarah round up a ‘super Saturday’ of big energy announcements along with some of the quirkier aspects of the COP28 experience – from stray cats to little green trains – plus, special guest interviews with the UK Corporate Leaders Group and the Asian Infrastructure Investment Bank.
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