Economic progress enables states to promote development by investing in infrastructure and social programs. The economic performance of developing countries is expected to increase rapidly and represent over 60 per cent of global GDP by 2030. Economic growth provides opportunities for both developing and developed countries to enhance their revenues and their technical and social infrastructures. However, in order to accomplish long-term, sustainable development, countries must mitigate greenhouse gas emissions and use resources efficiently.
Momentum for Change: Financing for Climate Friendly Investment
Momentum for Change: Financing for Climate Friendly Investment was launched in November 2012 to recognize successful financial innovations for adaptation and climate mitigation. It showcases climate activities promoting low-carbon growth and highly resilient communities through the use of innovative financing mechanisms. Watch the webcast of the Financing for Climate Friendly Investment special event at the 2013 UN Climate Change Conference in Warsaw.
Momentum for Change: Financing for Climate Friendly Investment is implemented in partnership with the World Economic Forum Global Project on Climate Change.
Recognizing innovative financing mechanisms
Momentum for Change: Financing for Climate Friendly Investment showcases "Lighthouse Activities" that demonstrate concrete results to address climate change.
These lighthouse activities were selected by the Momentum for Change Advisory Panel after receiving dozens of applications from around the world.
All eligible activities are part of an activity database which provides a broader range of the types of innovative financing mechanisms to address climate change.
Learn more about all Lighthouse Activities under Financing for Climate Friendly Investment below.
Images owned by the activity partners, all rights reserved.