27.3 C
Batangas

UNEP launches $100-M global program to fast-track climate and nature action

Must read

WASHINGTON D.C. — The UN Environment Programme (UNEP), together with the Global Environment Facility (GEF), the Development Bank of Latin America (CAF), and the Asian Development Bank (ADB), has launched the Net-Zero Nature-Positive Accelerator Integrated Programme, a groundbreaking $100-million initiative designed to accelerate climate and biodiversity action worldwide.

With an additional $700 million in co-financing, the program seeks to align global climate and nature goals by transforming economic and financial systems. It aims to help nations integrate biodiversity protection and net-zero targets into national plans, supporting the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework.

The initiative will support 12 countries—including Indonesia, Mexico, Morocco, Thailand, and Viet Nam—through national projects and a global platform for innovation, knowledge exchange, and capacity building. UNEP will lead the effort, with CAF and ADB as co-leads, while UNDP, UNIDO, and FAO will assist in implementation.

Expected outcomes include the restoration or improved management of one million hectares of land and the reduction of 75 million tons of carbon emissions—a direct contribution to tackling the triple planetary crisis of climate change, biodiversity loss, and pollution.

Announced during the 2025 World Bank/IMF Annual Meetings, the launch gathered finance ministers, development banks, and private sector leaders under the theme “Catalyzing Public and Private Finance to Accelerate Net-Zero Nature-Positive Action.”

“The science is clear—climate change and biodiversity loss are deeply interconnected crises,” said Inger Andersen, UNEP Executive Director. “Through this programme, we are helping countries integrate and accelerate action for a net-zero, nature-positive future.”

GEF Chairperson Carlos Manuel Rodríguez added, “This program will help nations mobilize finance at scale, integrate nature-based solutions, and drive the systemic change needed for a sustainable future.”| – BNN Integrated News

- Advertisement -spot_imgspot_imgspot_imgspot_img

More articles

MANILA, Philippines — House Speaker Faustino “Bojie” G. Dy III on Monday, May 4, emphasized the critical role of the Legislative Energy Action and...
GENERAL TRIAS CITY, Cavite — The Cavite-Laguna Expressway (CALAX) Subsection 3 formally opens on Monday, May 4, marking a significant development in Southern Luzon's...
MANILA, Philippines — Senator Risa Hontiveros has formally moved to lower electricity costs for Filipino households by filing a bill that seeks to remove...
- Advertisement -spot_img

Latest article

- Advertisement -spot_img