Multilateral Development Banks (MDBs) today announced a joint framework for aligning their activities with the goals of the Paris Agreement, reinforcing their commitment to combat climate change.
In a joint declaration, the MDBs committed to working together in six key areas considered central to meeting the goals of the agreement, which aims to limit the increase in global temperatures to well below 2°C, pursuing efforts for 1.5°C.
The declaration was issued at the start of the 24th Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP24) in Katowice, Poland.
“The global development agenda is at a pivotal point,” the joint declaration says. “There is international consensus on the urgent need to ensure that policy engagements and financial flows are consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.”
The MDBs and the International Development Finance Club (IDFC) had already pledged in December 2017 to align financial flows with the objectives of the Paris Agreement.
“To realize this vision, we are working together to develop a dedicated approach,” the joint MDB declaration adds.
The MDBs plan to break their joint approach down into practical work on six core Paris Alignment areas—the building blocks—including: aligning their operations against mitigation and climate-resilience goals; ramping up climate finance; capacity building support for countries and other clients; plus an emphasis on climate reporting.
This approach builds on the ongoing MDB contribution to climate finance, which, in 2017, amounted to $35 billion to tackle climate change in developing and emerging economies, while mobilizing an additional $52 billion from private and public sector sources.
The MDBs will report back to next year’s COP25 gathering on their progress under the six building blocks.
The nine MDBs are: the African Development Bank Group, the Asian Development Bank, the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Inter-American Development Bank Group, the Islamic Development Bank, the New Development Bank, and the World Bank Group (World Bank, IFC, MIGA).
UNIDO to pilot Better Cotton Initiative in Egypt towards sustainable cotton production
The United Nations Industrial Development Organization (UNIDO), under the framework of The Egyptian Cotton Project, launched the Better Cotton Initiative (BCI) pilot in the country to support the Egyptian Cotton branding as part of a renewed drive to increase product sustainability, improve working conditions along the supply chain, and support cotton growers and relevant institutions in paving the way towards the pilot’s national upscaling.
“The project’s vision is to pilot the BCI standard system in Egypt to advance the cotton industry in a way that cares for the environment and the farmers growing it, through a multi-stakeholder programme jointly coordinated by UNIDO, relevant governmental entities, farmers’ cooperatives, cotton and textile associations, and local and international private sector stakeholders,” said The Egyptian Cotton Project’s spokesperson.
The BCI will strengthen the competitiveness of the Egyptian textile industry in the global market through an holistic approach to sustainable cotton production which covers all three pillars of sustainability: environmental, social and economic. Farmers will receive trainings and those who meet rigorous levels of sustainable production and employee welfare will be granted the BCI standard.
Funded by the Italian Agency for Development Cooperation, the Egyptian Cotton project is implemented by UNIDO in collaboration with the Ministry of Trade and Industry, the Ministry of Agriculture and Land Reclamation as well as with local and international textile private sector stakeholders. It also leverages the “Cottonforlife” CSR initiative by Filmar Group.
USD 180 million investment to tackle the hidden cost of gold
Urgent action is needed to protect millions of men, women and children exposed to toxic levels of mercury through gold production every year, according to the backers of a new USD 180 million programme to reform the artisanal and small-scale mining (ASGM) sector.
“From smartphones to wedding rings, gold passes through all of our hands every day. But for most of us the source of that gold, and its real cost, remains a mystery,” said Gustavo Fonseca, Director of Programmes at the Global Environment Facility (GEF). “Introducing safe, mercury-free technologies into the ASGM sector will help provide a safe transition to job formality and dignified work for millions, while putting an end to the environmental impacts that can pave the way to sustainably produced gold.”
Every year, more than 2,700 tonnes of gold is mined around the world. Around 15 per cent of this amount is produced by artisanal and small-scale miners – the majority of them in developing countries – working without the protection of industry regulations on health or safety, among others. With many miners relying on toxic, mercury-based extraction methods, the ASGM sector is also the world’s single largest source of man-made mercury emissions, releasing as much as 1,000 tonnes of mercury – almost 40 per cent of the global total – into the atmosphere every year, impacting human health and the environment.
Launched today at London’s Goldsmiths’ Centre, the GEF-backed Global Opportunities for the Long-term Development of the ASGM Sector (GEF GOLD) programme aims to reduce the use of mercury in artisanal gold mining and introduce and facilitate access to mercury-free extraction methods, while also working with governments to formalize the sector, promoting miners rights, safety and their access to markets.
Spanning eight countries, the five-year programme is a partnership between the GEF, the United Nations Development Programme, the United Nations Environment Programme, the United Nations Industrial Development Organization (UNIDO), Conservation International and the governments of Burkina Faso, Colombia, Guyana, Indonesia, Kenya, Mongolia, the Philippines and Peru.
“The widespread use of mercury in the artisanal and small-scale sector affects the environment and people, particularly in developing countries,” said Philippe Scholtès, Managing Director of Programme Development and Technical Cooperation at UNIDO.
“UNIDO is proud to be a part of the GEF GOLD programme, which supports innovative and viable solutions focusing on formalization, access to markets and finances, mercury-free technologies and awareness raising. UNIDO will be working in Burkina Faso, and jointly with UNEP in Mongolia and the Philippines, with the aim of providing sustainable livelihood for the miners and their communities.”
By phasing out mercury use, the programme aims to achieve eventual mercury emission reductions of 369 tonnes, supporting countries’ commitments under the Minamata Convention on Mercury to reduce and, where feasible, eliminate mercury use in the sector.
Alongside working directly with artisanal and small-scale miners and national authorities, the GEF GOLD programme will work with the private sector across industries and partners to promote compliance with international standards on responsible mineral supply chains.
UN announces roadmap to Climate Summit in 2019
2019 is a critical year, the “last chance” for the international community to take effective action on climate change, General Assembly President Maria Espinosa said on Thursday, during a briefing to announce the UN’s roadmap to the Climate Summit in September.
Ms. Espinosa was speaking alongside the Special Envoy of the Secretary-General on the Climate Summit, Ambassador Luis Alfonso de Alba of Mexico, at UN Headquarters in New York.
Ms. Espinosa said that, with the deadline for achieving the first targets of the 2030 Agenda for Sustainable Development fast approaching, described by Secretary-General António Guterres as “the UN’s blueprint for peace, justice and prosperity on a healthy planet”, the world stood at a crossroads.
Two-thirds of these targets, she said, depend on climate and environment goals, and a five-fold increase in commitments from their current levels is needed in order to meet the targets set at the landmark 2015 Paris Agreement on dealing with greenhouse gas emissions mitigation, adaptation and finance, due to come into force in 2020.
The General Assembly President walked the representatives of Member States through some of the key events of 2019, leading up to, and following, the Climate Summit. All of the events, she said, share two goals: a doubling of commitments and ambition at a national level, and ensuring the inclusion of diverse groups in the process of climate action.
March will see the General Assembly High-Level Meeting on Climate and Sustainable Development for All, which is intended to build on the success of COP24, the 2018 climate conference in Katowice, Poland, which led to the establishment of a “rulebook” for the reporting of emissions and the progress made in cutting them, every year from 2024.
The March meeting will welcome representatives of the private sector, civil society and young people, and look to harness the enthusiasm of the latter group, who, said Ms. Espinosa, will be most affected by a warming world.
On the 30th of June, in the build up to the Climate Summit, a “stocktaking” event will take place in Abu Dhabi, followed by a High Level Political Forum under the auspices of the Economic and Social Council in July, which will see a review of the progress made in achieving Sustainable Development Goal 13 (“urgent action to combat climate change and its impacts”).
The Climate Summit will be followed by the first-ever High Level Political Forum on Climate Action, sponsored by the General Assembly on September 24. The year will be rounded off by the 2019 Climate Conference COP25, which will take place in Chile.
Multilateralism, said Ms. Espinosa, is the only effective to combat climate change, which is one of the main challenges facing the world and can only be overcome with constructive input from all. She concluded with a proverb: “’If you want to go quickly, go alone. If you wish to go far, go together.’ Let’s travel this road together.”
Ambassador de Alba, following Ms. Espinosa, confirmed that the world is falling well behind targets for combating climate change, with only around a third of the necessary work currently completed. He reminded delegates that there are only between 10 and 12 years left to achieve the goals, and called for a ramping up of ambition.
The Special Envoy added that, despite the challenges, an optimistic signal must be given: that it is possible to counter climate change, enjoy economic growth and eradicate poverty. “We can also meet social needs, healthcare needs and human rights needs,” he said, and bring about a “win-win situation to answer the doubters.”
2019 needs to see action, continued Ambassador de Alba, including partnerships with the private sector and civil society, and a huge mobilization of resources ( a target of 1 trillion dollars per year to support developing countries has been set), to invest “in our future, for jobs in a green future.”
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