Outcome from the webinar on Financing the Sustainable Development Goals and the Paris Climate Agreement: The UN Ecosystem of Initiatives on Private Sector Finance

 In November 2024 the UNFCCC COP29  focused on negotiating a new climate finance goal, the New Collective Quantified Goal (NCQG), to replace the existing $100 billion annual commitment that expires in 2025.

The NCQG is a key part of the 2015 Paris Agreement and aims to help developing countries adapt to climate change and reduce greenhouse gas emissions. The goal is to provide more than the 2009-set goal of $100 billion per year to address the needs of developing economies.

The United Nations' Fourth International Conference on Financing for Development (FfD4) will take place in Servile in Spain from June 30–July 3, 2025.

The conference aims to implement policies and mobilize resources to achieve the 2030 Agenda and its Sustainable Development Goals (SDGs). The UN Department of Economic and Social Affairs (DESA) will support the conference.

The aim of the webinar held on the 9th of December which was on Financing the Sustainable Development Goals and the Paris Climate Agreement: The UN Ecosystem of Initiatives on Private Sector Finance

This webinar looked at what key parts of the UN have been working with the private sector finance to help deliver the US$3-5 trillion that is needed annually to deliver the SDGs and the Paris Climate Agreement.

Stakeholder Forum produced in 2021 a white paper with the UN on what each of the parts of the UN is doing with the private sector. An updated version of this paper will form the backdrop to the workshop.

Those presenting were asked how their work with private sector finance would:

1.        Help the implementation of COP29 and preparation for COP30, and

2.        Input to a successful Fourth International Conference on Financing for Development

Presenters were

·      Amelia Santos Paulino, Chief of the Investment Research Section at UNCTAD's Division on Investment and Enterprise

·      Sahba Sobhani, Director of UNDP Istanbul International Center for Private Sector in Development

·  Tim Hilger, Economic Affairs Officer · United Nations Financing for Sustainable Development Office, United Nations Department of Economic and Social Affairs (UNDESA)

·      Camille Malafosse, Associate Economic Affairs Officer United Nations Economic Commission for Europe –

·  Carleigh McFarlane   Senior Manager, Sustainable Finance & UNGC-PRI Liaison UN Global Compact

Casper Sonesson, Policy Advisor, UN Capital Development Fund (UNCDF)

The White Paper is available here and please do share it with others who might find it useful.

The PowerPoints from the webinar are available here.

A recording of the webinar can be found here
Passcode: 401H^rTx