This paper highlights the implications of the current separation of the discourses on private climate finance (PCF) and on subsidies, and the opportunities that exist to unlock climate-compatible investment by linking these fields.
Though climate finance aims to enable climate compatible development (CCD), this paper points out that, within developing countries, subsidies to fossil fuels (alone) currently dwarf any efforts toward CCD through climate finance.
The Environmental Stewardship Strategy presents a new corporate environmental management approach – one that reflects the realities and implications of the host of global environmental challenges, while integrating these into a truly holistic, comprehensive strategy. The strategy was developed to provide guidance to companies on comprehensive environmental stewardship strategies to address issues such as climate change, water resource protection, deforestation, toxic waste, loss of biodiversity and long-term damage to ecosystems. While the 8-step strategy offers guidance on topics like innovation, cooperation, education and self-regulation, it also offers a framework for firms to facilitate a recommitment to and comprehensive implementation of the principles. The Environmental Stewardship Strategy builds on the success of Caring for Climate and the CEO Water Mandate programs, and encourages companies to facilitate a recommitment to and comprehensive implementation of the principles. The Strategy is informed by research, tested by practitioners and designed to help all corporate leaders generate value from successful management of its relationship with the environment.
This report debates the extent to which public-private partnerships (PPPs) are delivering value for money (VFM) in India. While VfM is traditionally interpreted to mean the lowest-priced alternative at the time of commissioning, in the context of sustainable development it is understood as value for money across the asset life cycle. This approach embodies the principles of “total cost of ownership” and “whole-life value”—accounting for the costs of planning, designing, building, operating and maintaining an asset. It can therefore be used to account for the medium- and long-term efficiency gains and cost reductions enabled by sustainable infrastructure.
The report's findings indicate that despite the best-in-class laws, policies, formal processes and institutional frameworks, PPPs in India might not be delivering VfM across asset life cycles. The report make policy recommendations on how to improve the existing safeguards, on how to move beyond the existing safeguards, and on leveraging existing infrastructure development funds so as to lower the cost of capital for sustainable infrastructure.
The main purpose of the study is to build a framework that will strengthen Peru’s BioTrade-related national programmes and will serve as a catalyst for the country’s transition to a green economy. The study bases its analysis on a review of the most relevant existing literature on BioTrade and on an extensive consultation process with stakeholders involved in the development of BioTrade in Peru (e.g. specialists, policy-makers, donors, commercial investors).
This study will be a useful resource for policy-makers, such as the Ministry of Economy and Finance, the government authority that draws policies regarding the creation of incentives to improve the environment for additional investment opportunities. The study offers suggestions, including the use of financial and economic instruments, to promote further growth of the BioTrade sector. The study also supports the National BioTrade Commission’s efforts to build a better public understanding of BioTrade and to raise the general awareness about the sector within the Peruvian society.
UNEP’s Green Economy initiative is about meeting the multiple challenges on a planet of six billion people rising to over nine billion by 2050, by maximising the impact and opportunities of different investment choices in order to globally propel low carbon, resource efficient growth.
Encouraging financial flows between rich and less well-off countries is key as is the involvement of the private finance sector and global investment community. UNEP has been actively engaged with financial institutions around the world for over 15 years to facilitate more sustainable investment patterns.
This report focuses on the kinds of public finance mechanisms needed to incentivise and scale-up private sector investment.