Carbon finance and the MDGs
Climate change risks to development
Climate change has emerged as one of the most important issues facing the global community in the 21st century. It poses a serious threat to development and poverty reduction, and its effects are most strongly by the poorest people in the least developed countries, who rely on the natural environment for their livelihoods.
Climate change threatens to significantly undermine efforts to achieve the Millennium Development Goals (MDGs). The Millennium Development Goals are eight targets agreed to by UN member states for diminishing global poverty and achieving, by 2015, major advances in health, education, environment and equality. The MDGs represent an unprecedented commitment by the UN's member states to comprehensively address poverty in its many forms.
Linking carbon finance to the MDGs
MDG Carbon’s projects reduce greenhouse gas emissions while providing direct contributions to the MDGs. Many emission reduction projects have significant community benefits that are intrinsically tied to the project type. For example, energy-related projects in low income countries may reduce the need for collecting firewood — an activity often performed by women or girls — and thereby contribute to MDG Three, "Promote Gender Equality and Empower Women."
LINKING THE MDGs TO FACILITY PROJECTS
MILLENNIUM DEVELOPMENT GOAL
SELECT EMISSION REDUCTION PROJECT TYPES
|Goal 1: Eradicate extreme poverty and hunger||Energy for local enterprises; lighting to facilitate income generation; employment opportunities|
|Goal 2: Achieve universal primary education||Reduce time spent by children on energy provision; lighting for reading; energy for educational media|
|Goal 3: Promote gender equality and empower women||Modern energy services free girls and women's time spent on energy provision|
|Goal 4: Reduce child mortality||Energy supply for health clinics; reduced air pollution from traditional fuels|
|Goal 5: Improve maternal health||Energy supply for health clinics; reduced air pollution from traditional fuels|
|Goal 6: Combat HIV/AIDS, malaria, and other diseases||Energy supply for health clinics; cooling of vaccines and medicines|
|Goal 7: Ensure environmental sustainability||Substitution of non-renewable biomass; waste management; afforestation and/or reforestation|
On April 11-12, 2015 UNFCCC organized an African Regional Workshop on Carbon Finance. UNDP's work on the standardized baseline for the rice sector in the Philippines (ASB0008), which became the building stone for the Philippine Adaptation and Mitigation Initiatives in Agriculture was presented as a replicable example for Africa.