Launch of the UN NetZero Facility and Re-PLANET Capital Fund Ecosystem
November 14th, 2023, 2:00 pm. - 5:00 pm., Room XVIII, United Nations Headquarters, Geneva
Climate change remains one of humanity’s most significant challenges. Since the adoption of the Paris Agreement in 2015 by 196 governments, the progress in its implementation has proven to be challenging. It necessitates a profound socio-economic transformation, particularly in terms of scaling up climate finance for tangible impact. A science-based approach is essential to foster a climate-resilient economy, one that advances the interests of people, our planet, and prosperity.
The aspiration to achieve ambitious climate goals by 2030-50 demands a new global finance governance, relying on the commitment of various stakeholders to unlock carbon value, including those linked to Blue Carbon and a shift towards creating carbon sinks from adoption of circular business models.
Amplifying development finance for impact will be critical - International financial institutions, governments, private companies, philanthropic entities, individuals, and an invigorated multilateral system are pivotal to foster widespread acceleration and implementation of countries’ commitments in their Nationally Determined Contributions (NDCs).
UNWTO, in collaboration with NOAH Regen, is actively working to establish a new architecture for climate action. The Re’Planet Capital Fund Ecosystem is an innovative financial framework dedicated to catalyzing and accelerate positive change in both the Blue and Green Economy sectors. It aims to unlock capacity and financing for climate action. The Re’Planet Capital Fund Ecosystem represents a pioneering initiative to transform regeneration into not just an ecological necessity but also a profitable endeavor.