Our Perspective

Environmental finance

National finance helps Asia-Pacific lead the way on Climate Change

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With UNDP's support, rural residents in Bangladesh now have the resources and capacities to build back better and become resilient in the face of environmental threats. Photo credit: UNDP Bangladesh

A vital round of United Nations climate change negotiations is underway in Lima, Peru, from Dec. 1-12. This marks a significant milestone for the crucial Paris Summit on climate change that is a year away. At the climate talks in Lima, climate finance will again be at the forefront of negotiations and key in reaching a new global climate agreement. Initiated at the Secretary General’s Climate Change Summit in September, pledging towards the Green Climate Fund almost reached $10 billion. So far, countries in the Asia Pacific region have received a quarter of all global public climate finance. India and China are the largest recipients. Nineteen dedicated climate funds and initiatives have approved more than $2 billion for projects in the region, since 2003. With many countries in Asia Pacific at the frontline of climate change, bolstering resilience of low lying deltas and small islands, and reducing emissions from fast industrializing nations is a good investment. While this international financing is crucial, for it to have a sustained impact and leverage the investments needed it is also important that planning and budgeting systems are revisited through a climate lens. With the support of the United Nations through the Poverty and Environment... Read more

Building the house of development: We can get there

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Learning to adapt to climate change in Odisha, India where women are hit hardest by the extreme weather conditions. Photo: Prashanth Vishwanathan/ UNDP India

As I think about the current challenges facing international development policy I find myself increasingly concerned about how we define development. We talk about “people-centered” development, but our goals still refer to society, economy and the environment as though these can be separated. To quote Geraldine Fraser-Moleketi, African Development Bank Special Envoy on Gender : “Progress on key gender indicators – such as school enrollment and completion rates, maternal mortality, labour force participation, and asset ownership – also depends on investments in water, sanitation, transport, productive assets, and access to financial services.” My recent work with the Intergovernmental Panel on Climate Change (IPCC) taught me that, when we separate the social, the economic and the environmental, we hamper opportunity and creativity – and we may even be doing harm.  The IPCC process was committed to finding ways to express complexity and nuance by bringing together social, environmental and economic analysis. Yet currently we seem conservative rather than progressive. We need to take unprecedented action to tackle inequality at the international level, acknowledging that it is a global challenge and not just an issue for some countries or some people. Our approach must reflect countries’ unequal capacities to cope with climate change,... Read more

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