About this Discussion

With alarming speed, COVID-19 has infected tens of millions of people worldwide and killed more than one million. It has impacted economies and changed people's lives, particularly the poor and vulnerable who are already disproportionately impacted by climate change and other environmental, social, and economic risks.

The virus has also become central to national policy and has halted business operations in ways that were unimaginable. The economic impacts of these efforts are likely to be felt for years to come.

In addition to responses from government leaders, who are calling for support to cope with the twin crises of public health and rebuilding economies in sustainable and resource-efficient ways, industry and finance stakeholders also have important roles. This includes generating innovative solutions for diversifying production portfolios, building business capacities for sustaining growth, and aligning institutional investors’ fiduciary duties and stewardship practices with long-term decision-making and sustainable value creation.

Green Recovery from COVID-19

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Maria Dumpert commented on Maria Dumpert's Post in Agriculture, Green Recovery from COVID-19, Energy

A new WRI blog highlights Nigeria's Sustainable COVID-19 Recovery -- In addition to removing fossil fuel subsidies, the government's $5.9 billion (N23 trillion, or 1% of GDP) Economic Sustainability Plan (https://budgetoffice.gov.ng/index.php/nigeria-economic-sustainability-p…) invests in clean energy, agriculture, and infrastructure, including:
* US$619 million to the Solar Homes Systems Project, which is anticipated to cover about 5 million households, along with providing monetary incentives for private solar installers;
* A National MSME Survival Fund, of which 60% is reserved for women entrepreneurs;
* An agricultural program to significantly increase the acreage under cultivation, which has the potential to incorporate climate-smart strategies and practices such as drought-resistant crops and sustainable land and water management

Read More

https://www.wri.org/blog/2021/01/nigeria-moves-toward-sustainable-covid-19-recovery
Call for Applications:

Indo-Pacific Design Funding Window

Closing:
Convergence Blended Finance

Convergence is hosting a design funding webinar to discuss its decision making process, tips on how to submit a successful application, and answer any questions you may have. Read More

Created an Opportunity in Green Recovery from COVID-19

Closing:
United Nations Environment Programme(UNEP)

Result of service: Establishment of the consultative process on COVID-19 and the environment, a collective UN system narrative on post COVID-19 green recovery and enhanced exchange of knowledge and collaboration among the UN agencies on green recovery. Read More

What are the potential benefits of a green recovery? A new report by IFC analyses 21 of the largest emerging markets and finds that focusing on key green investments in 10 sectors between 2020 and 2030 can generate $10.2 trillion in investment opportunities, 213 million cumulative jobs, and 4 billion tons CO2e reduction.

Read the full report:

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http://wrld.bg/2CFb50D7vWn

"I won’t make the same mistakes again" - Mayor of Milan reflects on the city’s response to the COVID-19 pandemic and the need for sustainable solutions to drive a green and just recovery, which include a ban on diesel heating systems in public and private office buildings from October 2023.

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https://www.theguardian.com/world/2021/jan/05/milan-mayor-covid-strategy-beppe-sala-pandemic-green-s...

The 11th session of the IRENA Assembly will take place in a virtual setting from 18 to 21 January. A High-level Panel on Energy Transition for Sustainable Post-COVID Recovery will feature high-level participants including Heads of State, Ministers, heads of international and regional organisations and private actors, who will share their views on the role of the energy transition driven by renewables as a response to the pandemic and draw out strategies to simultaneously advance multiple economic, social and climate priorities.
Four Ministerial Plenary sessions will take place, engaging Ministers and High-level participants on specific topics such as National Energy Planning, Finance for Renewables, Renewables and Pathway to Carbon Neutrality and Energising Healthcare.

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https://www.irena.org/events/2021/Jan/Eleventh-Session-of-the-IRENA-Assembly