Globesight

14/06/2024

🌏 Join us for a virtual roundtable on scaling climate finance during London Climate Action Week

In the lead-up to in Azerbaijan, there is a critical need to address the financing challenges that hinder climate action in developing countries. Recent discussions at the G20, World Bank-IMF Spring Meetings, as well as IsDB and AfDB Annual Meetings highlighted the urgent call for reforms in the international financial architecture and the scaling up of climate finance.

As the drives efforts to establish a new climate finance goal beyond 2025, called the 'New Collective Quantified Goal,' at COP29 in Baku later this year, it is becoming increasingly clearer that the traditional funding models, such as debt, equity, and grants, have not been sufficient to close the climate finance gap. Innovative climate finance must, therefore, be further emphasized to unlock much-needed private sector capital to meet the growing demands and, at the same time, minimize risks.

Join us to hear from leading voices in climate finance, including experts from the African Climate Foundation, World Bank, NDC Partnership, World Association of PPP Units & Professionals, GGGI, and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH as they discuss ways to bridge the existing financing gaps and enhance the efficiency and impact of climate funds.

This event is part of Globesight's 'Road to COP29' series.

Secure your spot today: https://us06web.zoom.us/webinar/register/WN_WGoGoJnzQiO-IQowzCH2TQ #/registration

In the lead-up to COP29 in Azerbaijan, there is a critical need to address the financing challenges that hinder climate action in developing countries. Recent discussions at the G20, World Bank-IMF Spring Meetings, as well as IsDB and AfDB Annual Meetings highlighted the urgent call for reforms in t...

22/04/2024

On , we must stand for our planet 🌎

Let today be a reminder for governments, businesses, and each of us to step up for nature. We must continue to take action, no matter how small, towards a sustainable future. Together, we can make a difference.

Learn more about this year's campaign :

Plastic polluting the planet? That's old news. , and now it’s personal.Plastics are linked to elevated risks of autoimmune disorders, cancer, h...

02/04/2024

Our latest perspective piece, penned by Globesight's Climate and Innovative Finance Lead for this month's edition of the Climate Futures Tracker, explores the challenges and opportunities to unlock the full potential of .

Read more: https://globesight.com/mobilizing-islamic-climate-finance-bridging-faith-environmental-responsibility-and-climate-finance-gap/

Interested in climate futures? Subscribe to our monthly Climate Futures Tracker: https://facebook.us7.list-manage.com/subscribe?u=3521803f2d40a223312dac18e&id=50096d973c

As global and national institutions continue to strive to implement sustainable practices and reduce carbon emissions, several innovative financing approaches have emerged. One such approach gaining traction is Islamic climate finance, which merges the principles of Islamic finance with environmenta...

24/03/2024

Despite being preventable and curable, remains one of the world's deadliest infectious diseases. Investing in TB research and development is not just imperative to advancing the prevention, diagnosis, treatment, and care of ; it's also a smart investment in .

While we maintain our commitment to collaborate and support the work of partners such as The Global Fund to end this disease, the fight against tuberculosis requires a collective effort of political will, investment, and global collaboration across sectors and borders. By working together, we can create a world where TB is no longer a global public health threat.

Join us in raising awareness this , together .

22/03/2024

This , we are reminded of the importance of investing in : to ensure availability and sustainable management of water and sanitation for all by 2030.

Safely managed water and sanitation services and adequate and equitable hygiene for all will drive progress across the 2030 Agenda, particularly in health, gender equality, and livelihoods. Yet, as we have seen in our work and research, there is still much to be done, and supporting investments in are becoming more imperative to achieve this goal:

💧At the current rates of progress, 3 billion people will still be living without safe toilets, 2 billion without safe drinking water, and 1.4 billion without basic hygiene services in 2030, according to the World Health Organization (WHO) and UNICEF 2023 monitoring program.

💧According to UN-Water, achieving universal coverage by 2030 will require a six-fold increase in current rates of progress for safely managed drinking water, a five-fold increase for safely managed sanitation, and a three-fold increase for basic hygiene services.

Read more on the progress of here: https://www.unwater.org/publications/sdg-6-synthesis-report-2023

08/03/2024

This , we celebrate the women at Globesight and beyond who are shaping a better world for us all.

Today, the world faces many crises, ranging from geopolitical conflicts to soaring poverty levels and the escalating impacts of climate change. These challenges can only be addressed by solutions that empower women. Investing in women can spark change and speed the transition towards a healthier, safer, and more equal world for all.

One key challenge in achieving gender equality by 2030 is an alarming lack of financing. According to the UN Women Gender snapshot, an additional $360 billion is needed annually to achieve gender equality and women’s empowerment across key global goals.

As we approach the 68th session of the Commission on the Status of Women next week, we are reminded of our commitment to the Forum Action Coalition and remain steadfast in our pursuit to close the gender gap and maintain our gender lens as we tackle the many conflicts the world is facing.

Read more about the current state of gender equality across the 17 SDGs in the UN Women '2023 Gender Snapshot': https://www.unwomen.org/en/digital-library/publications/2023/09/progress-on-the-sustainable-development-goals-the-gender-snapshot-2023

30/01/2024

🎉 On this , we celebrate the elimination of at least one Neglected Tropical Disease (NTD) in 50 countries, bringing us closer to the target of 100 countries by 2030 in the World Health Organization (WHO) NTD Roadmap. While progress has been notable, 1.65 billion, or 1 in 5 people, are still affected globally. These debilitating yet preventable diseases disproportionately impact vulnerable and poor populations where access to clean water, sanitation, and quality healthcare is limited.

🌿 are not only diseases of poverty, but they are also public health concerns that are sensitive to the impacts of climate change. Recent WHO findings highlight the impact of climate change on diseases like dengue and lymphatic filariasis, urging the adoption of strategies to preserve global health gains. The first-ever Health Day at and the launch of the Guiding Principles (supported by The Global Fund, Green Climate Fund, and Reaching The Last Mile) also shed light on the climate-health nexus and called for more financing of climate-health solutions.

🔬 We are proud to support leading organizations working to eliminate NTDs. On this , we continue to stand united against NTDs and the impacts of climate change and recognize the work of important organizations like Uniting to Combat NTDs, Reaching The Last Mile, and Drugs for Neglected Diseases initiative (DNDi).

Check out the World Health Organization's NTD roadmap tracker for details on priorities and successes: https://unitingtocombatntds.org/en/neglected-tropical-diseases/progress/ntd-road-map-tracker/

26/01/2024

As we mark the United Nations's first International , we stand at a crossroads, acknowledging the progress made at and the monumental task ahead. The urgency to expedite the deployment of renewables and enhance energy efficiency cannot be overstated. However, our current financial commitments fall short, demanding a robust global reevaluation. To foster a transformative journey towards clean energy, collaboration among nations and stakeholders is imperative, emphasizing inclusivity and innovation.

Integrating these elements into policy frameworks and financing mechanisms will build a resilient foundation for a just and successful clean energy transition. As we celebrate the strides made, let this be a call to action — a commitment to mobilize the trillions required, leveraging agile climate finance and channeling funds strategically to achieve a sustainable and equitable energy future.

According to International Energy Agency (IEA) and International Renewable Energy Agency (IRENA):

-💡 We need to triple renewable energy capacity by 2030 to keep global warming well below 2°C - equivalent to at least 11,000 GW.
- ☀ Limiting global warming to 1.5°C is still possible, but investment in clean energy needs to reach $4.5 trillion per year by 2030
-🔌 It is vital to double the average global annual rate of energy efficiency improvements from around 2% to over 4% annually until 2030.

The path forward demands unprecedented commitment, but through collective resolve, we can usher in an era where clean energy is more accessible, affordable, reliable, and sustainable, especially for countries in the Global South.

Read more about the imperative to amplify the pace of deploying renewables and energy efficiency in our latest blog post from Aurélien Pillet, Globesight's Climate & Innovative Finance Lead: http://globesight.com/urgency-of-clean-energy/

As the world marks the first official International Day on Clean Energy on January 26, 2024, it’s important to reflect on the pivotal commitments made recently by global leaders at COP28. Their pledge to expedite the deployment of renewables and enhance energy efficiency marks an incremental but i...

12/12/2023

As comes to a close, we're launching our latest report on Climate Finance. Dive into the findings from our recent roundtable: Can We Bridge the Climate Finance Gap? highlighting perspectives from climate finance experts and industry leaders.

💡 Key insights in the report include:

- We can bridge current gaps in climate finance by strategically mobilizing private capital. This involves actively de-risking financial instruments for climate change through blended financing, scaling up initiatives that prioritize local ownership, and fostering innovative solutions that address local needs with a coordinated approach across the ecosystem.

- Despite the increase in total global climate finance, the Global South continues to face disproportionately large funding gaps for mitigation and adaptation.

- Private capital has the potential to bridge the climate finance gap in the Global South, but it will require a transformation of the international financial system and a greater focus on ecosystem partnerships and coordination.

- Country ownership is vital to aligning climate finance with local demand and improving the national system for climate investments.

📑 Read more: http://globesight.com/gs_reports/can-we-bridge-the-climate-finance-gap/

🎥 Watch the full roundtable discussion here: https://www.youtube.com/watch?v=ETZ0-HLnt1E&ab_channel=Globesight
COP28

Two weeks before the start of COP28, Globesight organized a roundtable to convene key stakeholders from the global climate finance ecosystem. The diverse group of key global and national climate stakeholders outlined the current financing landscape and discussed innovative climate finance models and...

29/11/2023

With just around the corner, catch up on our recent Climate Finance Roundtable! Learn how global climate financing industry experts are addressing funding gaps in the Global South, paving the way for equitable climate finance solutions.

Key insights from the discussion included the potential to bridge current gaps in climate finance by strategically mobilizing private capital. This involves actively de-risking financial instruments for climate change, scaling up initiatives prioritizing local ownership, and fostering innovative solutions that address local needs with a coordinated approach across the ecosystem.

📹Watch the full roundtable discussion here: https://youtu.be/ETZ0-HLnt1E

Explore insights and outcomes in our forthcoming report, highlighting key takeaways from the discussion to bridge funding gaps for a more resilient future. Stay tuned!

Hear the expert opinions of our high-level speakers from Ambire Global, Convergence Blended Finance, Climate Investment Funds, Climate Policy Initiative, Global Environment Facility, Green Climate Fund, International Institute for Environment and Development (IIED), Islamic Development Bank Group - isdb.org, National Disaster Risk Management Fund, Palladium: Make It Possible, UN Capital Development Fund, UNIDO - United Nations Industrial Development Organization, United Nations Development Programme - UNDP, and The World Bank
COP28
https://youtu.be/9UQYd4o5Mfc

This video highlights the virtual roundtable '2 Weeks to COP28: Can We Bridge the Climate Financing Gap' hosted by Globesight. The roundtable convened speake...

17/11/2023

🌟 Reflecting on a powerful discussion! Yesterday's virtual roundtable, 2 Weeks to COP28: Can We Bridge the Climate Finance Gap? was made impactful by the invaluable insights shared by our esteemed speakers and the active participation of all attendees.

🙌 A big thank you to our speakers from Ambire Global, Convergence Blended Finance, Climate Investment Funds, Climate Policy Initiative, Global Environment Facility, Green Climate Fund, International Institute for Environment and Development (IIED), Islamic Development Bank Group - isdb.org, National Disaster Risk Management Fund, Palladium: Make It Possible, UN Capital Development Fund, UNIDO - United Nations Industrial Development Organization, United Nations Development Programme - UNDP, WAPPP and The World Bank for sharing their expertise and driving meaningful discussions on climate finance models and possible solutions in innovative financing to enable climate finance flows in the . And a heartfelt thank you to all participants who joined in, contributing to an engaging discussion.

🌍 Let's continue the momentum from these discussions at COP28 UAE and beyond. Stay tuned for more insights and actions toward a resilient, sustainable future.

15/11/2023

As we count down to , closing the gap stands as a top priority. According to the Climate Policy Initiative, the average annual flows reached almost US$ 1.3 trillion in 2021-2022, nearly doubling compared to 2019-2020 levels. Yet;

- This increase was primarily driven by a significant acceleration in mitigation finance (up by US$ 439 billion from 2019-2020).

- According to UN Environment Programme the adaptation finance gap is widening and now stands at between US$ 194 billion and US$ 366 billion per year. Adaptation finance needs are 10-18 times as great as current international public adaptation finance flows – at least 50% higher than previously estimated.

- Convergence found that total blended deal volume decreased by approximately 45% in 2022 and about 55% in climate blended finance, reaching a ten-year low in total financing.

Join us tomorrow for a virtual roundtable where Globesight will convene leading actors from across the climate financing ecosystem to discuss how to bridge the climate financing gap in the and recommend possible solutions in innovative financing to enable climate finance flows, such as blended and catalytic finance, PPPs, and other de-risking mechanisms that can incentivize private capital.

Our guests at the table will include: Ambire Global, Convergence Blended Finance, Climate Investment Funds, Climate Policy Initiative, Global Environment Facility, Green Climate Fund, International Institute for Environment and Development (IIED), Islamic Development Bank Group - isdb.org, National Disaster Risk Management Fund, Palladium: Make It Possible, UN Capital Development Fund, UNIDO - United Nations Industrial Development Organization, United Nations Development Programme - UNDP, WAPPP and World Bank. They will discuss existing climate finance models, and suggest ways to mobilize more private capital to bridge the financing gap.

Register now: https://us06web.zoom.us/webinar/register/WN_gLd124DeQ1qdlT4eMopBwQ

COP28