Simon Stiell, the executive secretary of the United Nations, says there is a need to find new sources of finance for global climate action.
“Bigger – to meet developing countries’ growing needs. Better, by finding new sources of finance for global climate action.“Bigger, to ensure investment in resilience, maximising the ability of National Adaptation Plans to attract financial support. “Let us cast our minds forward to December 2025. By this time, we must have welcomed a new generation of national climate plans.“These NDCs 3.0 are the investment plans for the future. These new NDCs for 2035 are due less than a year from now.
“NDCs 3.0 which double as national investment plans can steer economies towards growth-driving industries and services fuelled by renewable energy.“The benefits will be even greater when these plans also boost skills and workforce participation, particularly for women.