Natalie Milde

Our latest FAQ, released in cooperation with Transport & Environment (T&E) and WWF European Policy Office, explains all you need to know about the EU’s Social Climate Fund (SCF) The SCF has been developed with the explicit purpose of alleviating energy and transport poverty arising from the new EU Emissions Trading System covering buildings and transport Our guide answers these need to know questions: 🤔 What is the Social Climate Fund? 💁‍♀️ Why was it established? 🤷‍♂️ Where does its money come from?  💶 How do member states receive funding? 💚 What can it be spent on? 🧐 Is there enough funding? To understand even more about the SCF and our policy recommendations to make it even more effective check out the full FAQ here: https://lnkd.in/ejiWWMEm Eleanor Scott Bernardo Galantini Mags Bird

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The EU has a €86.7 billion Social Climate Fund to make its Green Deal work for the people. Together with WWF European Policy Office and Carbon Market Watch, we explain the basics of how this fund works. To get the most out of it, we are also urging the European Commission and member states to support a just transition by: 1️⃣Extending loans to member states as of 2025, which can be later recouped from future ETS2 (carbon market) revenues. This should enable the rolling out of low cost EV ‘social leasing’ programmes across member states ASAP (as in France); 2️⃣Prohibiting investments in so-called ‘transition’ fossil fueled technologies, which only lock EU citizens longer into carbon pricing. Low carbon ≠ zero carbon;  3️⃣Disbursing part of the SCF money as direct income support or ‘climate dividends’. This can help to build broad support for climate measures and serve as the essential bridge low-income families need while investments in cleantech are kicking in; 4️⃣Increasing the funds available for the SCF through a new 1bn EU Climate and Social Investment Plan. #GreenDeal #SocialClimateFund #SCF #ETS2

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As members of the Energy Transitions Commission, their latest briefing “Credible Contributions: Bolder Plans for Higher Climate Ambition in the Next Round of NDCs” showcases the opportunity to limit the impact of #ClimateChange by raising ambitions in the next round of Nationally Determined Contributions (NDCs) due at #COP30 in Brazil. Through industry and government collaboration and the #technology available, progress towards a #NetZero economy is both technically and economically possible. Download the report: https://lnkd.in/eQfdmpgj. #TriplingAmbition #CredibleContributions

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🌍 Green Expertise Council Weekly Insight Sharing 🌱 This week, we highlight a crucial update from the UN Climate Change High-Level Champions as they set the agenda for COP 29. The focus is on raising ambition and accelerating action to tackle climate change. As members of the Green Expertise Council (GEC), it is our collective responsibility to stay informed and contribute to these global efforts. The recent discussions in Bonn emphasize the importance of unified action and innovative solutions to meet our climate goals. We encourage all our members and followers to read and reflect on the proposed strategies and think about how we can integrate these insights into our own practices and policies. 📄 Read the full article here: Raising Ambition in Bonn: High-Level Champions Set Out Their Agenda for COP 29 Let's continue to lead by example and drive the change we want to see in the world. #ClimateAction #Sustainability #COP29 #GreenExpertiseCouncil #ClimateChange #EnvironmentalLeadership https://lnkd.in/grVnCe5e

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#I4CE_Report📊 with E3G Germanwatch e.V. NewClimate Institute Ambitious alignment with the Paris Agreement in public development banks (PDBs) ▶️ This morning, during an event with senior climate representatives from Multilateral Development Banks, I4CE, E3G, Germanwatch and NewClimate Institute officially launched a common position paper on what ambitious Paris alignment means for PDBs. This paper summarises years of research on Paris alignment to shed light on best practice and hopefully support decision makers in taking and implementing credible climate commitments. #MDBs #PDBs #ParisAgreement #SpringMeetings 👉 https://lnkd.in/e79-AiCW by Luis H Z., Claire Eschalier and Sarah Bendahou from #I4CE, Laura Sabogal & Viktor Ahlgren from E3G, Anja Carolin Gebel, PhD from Germanwatch e.V. and Hanna Fekete & Imogen Outlaw from NewClimate Institute

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Are you wondering about the state of climate finance today? Save the date September 9th and register for our Expert Forum Adaptation and Mitigation Finance ESMT Berlin. We’ll be discussing the current state of climate finance and other key topics with panels of experts. Our conference brings together leading international climate finance scholars, policy stakeholders, investors, development finance institutions, and foundations. Christian Krämer, a member of the Management Committee at KfW, will contribute to the discussion on adaptation and mitigation finance today by providing the perspective of a development bank.   Other sessions include: 📍 Aligning the interests of the public and private sector to mobilize climate finance 📍 Effective levers to mobilize climate finance 📍 Concessional finance as an enabler for mitigation & adaptation finance     👉 You can register, and find all confirmed speakers as well as suggested literature on the event website: https://lnkd.in/gFpECUhA 👉 You can find a detailed overview of the agenda on the Agenda website: https://lnkd.in/gMgsNHbE   #climatefinance #adaptation #mitigation #sustainability  

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Climate and nature are part of the same crisis and we need dedicated and consistent actions to transition away from financing harmful activities towards #NetZero and #NaturePositive initiatives.

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🍃The Bonn Climate Change Conference, a pivotal event in the lead-up to #COP29, concluded after two weeks of rigorous discussions and negotiations with notable outcomes emerging. ➡️ Draft decision on the New Collective Quantified Goal on Climate Finance nearly finalized. ➡️ Forward-looking, scientifically sound adaptation indicators developed. ➡️ Enhancements to the international carbon market and transparency in action plans. ➡️ Progress in climate finance and adaptation, though more is needed. ➡️ Focus on marine biodiversity, coastal resilience, and ocean energy technologies during the Ocean and Climate Change Dialogue. 🖱Read more🔗 https://lnkd.in/ebnFPiBv

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New blog: Clamping down on illicit finance: new opportunities to protect nature and accelerate the climate transition by Alex Jacobs, Executive Director of Joffe Trust. ❌ ‘It is estimated that $100bn of climate finance is lost every year to corruption, and up to $260bn per year made in illicit gains from environmental crime in areas like logging, mining, and fishing”.’ 💰 ‘But these criminals have an achilles heel: illicit financial flows. Illicit finance is their means and their end. So a major, and currently under-used, set of international tools is already available to limit their harm.’ ⛓️‍💥 Tools like ‘plugging the money that leaks out of the system, safeguarding transformative investments, restricting bad actors and hugely boosting the climate cause.’ In this powerful piece, Alex reveals the truth about illicit finance, how it funds anti-environment forces and why funders can both help stop dirty money and accelerate a just climate transition around the world. Read, comment & share now: https://lnkd.in/eASHJ8sa #finance #illicitfinance #greencorruption #greenfinance #environmentalcrime #funders #trusts #foundations #climate

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Ambitious climate policies are not just necessary but also economically viable. #kudos Lukas Bretschger ETH Zürich! for 'New Approaches in Climate Policy: Economic Pathways to Sustainable Growth' Achieving our climate goals requires innovative and effective policies. A recent article by CEPR - Centre for Economic Policy Research presents "economic pathways" as a novel, theory-based approach to climate policy. Here are the key takeaways: 🔍 Economic Pathways: These are dynamic models that simulate different policy impacts on the economy, providing a clear visualization of the consequences of various climate actions. 🌿 Decarbonization: The research shows that deep decarbonization only modestly delays economic development. In fact, stringent climate policies can ultimately lead to higher medium and long-term consumption growth. 📈 Policy Scenarios: The study explores three scenarios - business-as-usual (BAU), standard, and super escalator models. The super escalator, with a progressively increasing carbon price, is the most effective, achieving full decarbonization by 2040 with minimal economic disruption. 👥 Population Impact: Interestingly, population growth does not significantly interfere with economic development or resource use within these pathways. 💡 Policy Implications: The findings underscore the importance of robust, progressively stringent climate policies. These not only mitigate emissions but also support sustainable economic growth. ✊ Let's push for policies that secure a sustainable and prosperous future! Stay tuned for the best pricing policy #climateincentive. 🔗 Read the full article here: https://lnkd.in/dK44cX5z #ClimatePolicy #ClimateAction #Sustainability #EconomicGrowth #Decarbonization #RenewableEnergy #FutureGrowth

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🌏Leveraging Technology Action Plans for ambitious climate action - The Role of #technology and how to increase #NDC ambitions. At the Bonn #ClimateChange Conference, key speakers underscored the importance of Technology Needs Assessments (#TNA) and Technology Action Plans in boosting climate ambitions and attracting essential investments. At the #JuneClimateMeeting event, speakers from countries, the United Nations, and international climate organizations emphasized the need for tailored support, capacity building, and the integration of TNAs into national policies to achieve meaningful #climateaction. Through the TNA project, UNEP Copenhagen Climate Centre has supported over 100 countries in their #ClimateTech journey, helping them determine their technology pri­orities for mitigating and adapting to #climatechange. Learn more about our work and how we are enabling countries to enhance their climate ambitions: 👉 https://lnkd.in/d3WddZn8 Sara Lærke Meltofte Trærup, Aysel Rzayeva, Saravanee Singtong, Pedro Ivo Ferraz da Silva, Hansol Park, Filippo Berardi, Alla Metelitsa, Thibyan Ibrahim, Fred Onduri, Green Climate Fund, Global Environment Facility, UN Environment Programme, UNIDO, UN Climate Change

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What actually happened at the climate finance talks in Bonn? Sehr Raheja of CSE's Climate Change programme gives us a detailed account from the negotiations she attended last week. ➡️ Co Chairs presented an input paper for discussion ➡️ Developed countries called for expanded contributor base and the NCQG as a "broad goal" ➡️ Developing countries put a demand of $1 trillion per year on the table ➡️ The final text was imbalanced, leaving a long list of issues to be ironed out before COP 29 https://lnkd.in/gSuNjnk3 #COP29 #NCQG #climatefinance

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The Bonn Climate Conference is underway, offering a crucial opportunity for further discussions on climate finance ahead of #COP29. When it comes to climate change, the buck stops with the financial flows that are fuelling the crisis. It’s absurd that so much of the world’s money is still being poured into the causes of climate change. #FixTheFinance https://lnkd.in/eeYapC_C

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New Oxford Institute for Energy Studies Energy Comment discusses Global Climate Diplomacy at the recent Bonn climate change conference and G7 meeting. 👉 Link to Energy Comment: https://lnkd.in/euC9fy4A Key Points: 💠 The Bonn Climate Conference, an annual event that occurs mid-way between the COPs that take place each November, was held between June 3-13. It was immediately followed by the G7 conference in Italy on June 13-15. 💠 Both provided an opportunity to gauge the state of global climate diplomacy and to identify the key issues that are going to dominate COP29 in Baku, starting on November 11. 💠 The Bonn conferences are not intended to deliver substantive results in their own right, with the discussions often being more procedural in nature and preparing the way for the more high-profile COP six months later but they give a good indication of the main agenda items and the key topics that remain contentious. 💠 This year the negotiators were looking to build on the results of the Global Stocktake (GST), which was at the heart of the COP28 conclusions, and to create a roadmap towards two imminent and important objectives: 1️⃣ The delivery of updated Nationally Determined Contributions (NDCs) by all countries in early 2025 2️⃣ The establishment of a New Collective Quantified Goal (NCQG) for the provision of finance by the developed countries to encourage investment in environmental projects in developing countries as part of a just energy transition. 💠 This Energy Comment argues that the outcome of the Bonn conference underlined the key issues and challenges facing the COP29 organisers. 💠 With new NDCs set to be presented in early 2025, the COP will need to underline the need for greater commitment to efforts on mitigation to reduce emissions. 💠 At the moment the world is clearly not on target to meet the interim goals towards net zero by 2050, and the November meeting will need to encourage countries to step up their commitments significantly. 💠However, the discussions in Bonn did not provide much confidence that this will occur in practice. One of the main reasons for this is the continuing disagreement over financing. #BonnClimateConference #climatediplomacy #climatefinance #cop29  #GlobalStocktake #lossanddamagefund #ndcs #climatechange #energytransition

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🌍 Heading to the Bonn June Climate Meetings, our team includes Katherine Browne, who will join the tenth Technical Expert Dialogue (TED10) to discuss the New Collective Quantified Goal on Climate Finance (NCQG) – a process she has been actively shaping for a year. This goal, negotiated by all countries under UN Climate Change, aims to determine the total amount of financial support wealthy nations must provide to poorer ones for their climate change efforts. “How much money is needed and where should it be allocated? The short answer is: a lot; and current funds are nowhere near,” Browne said, providing the following estimates based on UN data: • $2.1 trillion for mitigation • $387 billion for adaptation • Between $290 billion and $580 billion for loss and damage The success of COP29 Azerbaijan next November, and the urgent global shift in climate finance hinge greatly on the NCQG. Browne has been advising governments to ensure that scientific insights shape these crucial political deliberations. In her view, it is crucial to have a goal that matches the challenge's magnitude while also transforming our entire financial system to confront climate change. She aims to see a focus on reprioritizing investments, defining appropriate language for the framework, and addressing issues of accountability. Stay tuned for the full story on our team's activities in Bonn. We will be sharing insights from our experts including Katy Harris, Mikael Allan Mikaelsson MBE, Maximilian Bruder, Zoha Shawoo, Maya Rebermark, Kate Williamson and Rosie Witton. 🔗 And learn more on Browne's hopes and expectations in our Q&A: https://buff.ly/4c0WCNL #Bonn #JuneClimateMeetings #NCQG #TED10 #COP29 #ClimateFinance

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Statement on Ecosystem Marketplace’s 2024 State of the Voluntary Carbon Market (SOVCM). By Joel Finkelstein, Senior Director, Media Relations and Advocacy The real story is that, in the face of doom and gloom coverage, the voluntary carbon market (VCM) has continued to show strength and vitality. This is a market that is transforming, solidifying, and developing a firmer and more structured foundation for a better and brighter future. From its inception almost 20 years ago, Verra has pioneered market solutions that drive finance into much-needed climate action. Over the past year, the VCM has experienced some rough seas, but there are increased signs that calmer waters are ahead. A new peer-reviewed Nature study unequivocally stated that REDD projects are scientifically sound and “were consistently rated as high-confidence pathways,” echoing the conclusions of several studies (Guizar-Coutiño et al. 2022; Mitchard et al. 2023; Buma et al. 2024) and assessments (Verra 2023). VCM companies raised over $560 million through April 2024, and major companies like Microsoft, Google, Meta, and Salesforce teamed up to announce big investments in the VCM. More, over the last several months, The Integrity Council for the Voluntary Carbon Market (ICVCM) and International Civil Aviation Organization (ICAO) have developed new guidelines and criteria for high-quality carbon credits, and just this week, the Biden Administration announced a new framework for carbon offsets as part of “high-integrity carbon markets,” with a focus on credits demonstrating real, additional, and permanent emission reductions. For Reference Ecosystem Marketplace’s 2024 State of the Voluntary Carbon Market (SOVCM): https://bit.ly/3X44sSu (Ecosystem Marketplace is an initiative of Forest Trends Association) The scientific studies and assessments referenced in the statement are the following: Nature study - https://bit.ly/3xn5232 Society for Conservation Biology: “A global evaluation of the effectiveness of voluntary REDD+ projects at reducing deforestation and degradation in the moist tropics” - https://bit.ly/3Vm30JV SSRN: “Serious errors impair an assessment of forest carbon projects: A rebuttal of West et al. (2023)” - https://bit.ly/3yCWZQ5 “Verra Technical Review of West et al. 2020 and 2023, Guizar-Coutiño 2022, and Coverage in Britain’s Guardian” - https://bit.ly/3JvKN7d Link for the Biden Administration framework on voluntary carbon markets: https://bit.ly/3yJem1R #Verra #CarbonMarkets #StandardMatter #CarbonCredits #ClimateChange

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