Private Sector Capacities Day | 6th Capacity-building Hub

 In collaboration with onepoint5

20th November 2024

ICON
Credit: PCCB

Across the world, businesses are steadily stepping up their efforts on climate action. The changes that are urgently needed to bring down emissions and enhance resilience are inextricably linked to business activities. Those changes require a new mindset and a new set of skills that both embody and accelerate the transition to sustainability. Innovative and forward-looking capacity building will be essential to achieve that profound transformation, for the good of nations and nature. 

Agenda

Time Title Teaser Organizer
9:00-10:00  Contribution to Global Net Zero – Leveraging Carbon Markets for Public-Private Partnerships” The workshop aims to explore how public-private partnerships can help bridge the climate finance gap through voluntary carbon markets, focusing on collaborative strategies to develop climate projects in areas where the host country faces challenges. The goal is to enable host countries and the private sector to engage in carbon markets to collaborate on climate mitigation. ClimatePartner Impact
10:15-11:15 Destinations for tomorrow. Skills and sustainability in the tourism industry The session will consist of a short presentation, a panel discussion and an interview involving accredited experts and practitioners in the area of sustainability, with a focus on the development of new skills and capabilities that support and accelerate transformative changes in the tourism industry.  onepoint5
11:30-13:00 CB Academy: Protecting communities and businesses: Exploring climate risk transfer solutions through play This interactive session will provide private sector stakeholders with knowledge on practical financing tools to manage climate risks while considering gender and social dimensions. Participants will learn about diverse climate risk finance solutions, such as parametric climate risk insurance, and how they can strengthen the resilience of their businesses and communities against climate risks. United Nations University
13:00-13:30 Lunch break
13:30-14:30 Leveraging the private sector for social and economic transformation and climate action This session will serve as a capacity-building platform to enable private sector actors to share and learn from each other’s experience in driving social and economic transformation through climate actions.  KCI, UNGCMYB, RCC Asia-Pacific
14:45-15:45 How to sustain and scale funding for climate solutions Building capacities of young climate leaders on effective funding strategies for building sustainable business models, scaling their climate solutions, and ensuring long-term financial stability. Youth4Capacity, TED Countdown, Youth Climate Justice Fund, Youth4Climate
16:00-17:00 Boosting SME climate action The event will present core elements of an initial phase of a new initiative, the ‘SME Climate Action Booster’ (SME CAB), and will invite public and private stakeholders to reflect on the gaps and needs of SMEs with a view to ramp and speed up their climate action efforts. Climatekos, UNFCCC secretariat
17:15-18:15 The Role of the Private Sector in Protecting Livelihoods and Ecosystems Through Parametric Insurance This session will provide an opportunity for a mutually enriching dialogue between private and public sector stakeholders on driving climate action within the insurance industry. By fostering fruitful exchanges, it will contribute to reaching the 17th SDG’s target on public-private partnerships.   UNU-EHS, MCII

 

Kickoff podcast

Listen to this introductory podcast of "Climate Risk Insurance 101" that sets the stage for the thematic day!

 

What? - Objective

The Private Sector Capacities Day will bring together experts and practitioners who are committed to sharing knowledge and developing capacities for climate action. The sessions will explore capacity building challenges and opportunities and provide insights into critical areas, including:

  • Public-private partnerships in voluntary carbon markets

  • Emerging trends in capacity building for sustainable tourism 

  • Climate risk transfer solutions in the private sector 

  • The private sector’s role in support of social and economic transformation through climate action

  • Raising and mobilizing funds for initiatives of young climate leaders

  • Boosting SME engagement in climate action 

  • Protecting livelihoods and ecosystems through climate risk insurance

 

Why? - Significance 

Along with finance and technology, capacity building is one of the three pillars of climate action. All three are necessary to turn aspirations into measurable outcomes. Despite its critical importance, the role of capacity building to promote change and enhance climate action in the private sector is often unappreciated. Yet the only way to do things differently is to ensure that companies’ most important and valuable assets, their people, are an active and committed part of that change. If business as usual is no longer possible, innovative capacity building is the only way forward.  

 

Who? - Partners & Organizers 

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Credit: PCCB

 

Content