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Adaptation Fund delegation visits Montenegro

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06 Jun, 2025

This post was originally published on UNDP

Adaptation Fund delegation visits Montenegro
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Thu, 06/05/2025 – 12:52

A high-level delegation of the Adaptation Fund is visiting Montenegro as part of a regional mission that also includes Albania and North Macedonia, with the aim of reviewing the results of the regional project for flood risk management in the Drina River Basin.

This was announced by the United Nations Development Programme (UNDP) Office in Montenegro.

The Regional Project for Flood Risk Management in the Drin River Basin is being implemented with the support of UNDP.

It is stated that the Adaptation Fund delegation, during its stay in Podgorica, visited the UNDP office, where a meeting was held with UNDP Resident Representative Ekaterina Paniklova and the team.

The UNDP Office said that the Adaptation Fund, established in 2010 under the Kyoto Protocol, plays a key role in supporting developing countries in adapting to the negative effects of climate change.

It is stated that UNDP and the Adaptation Fund collaborate on numerous projects and programs, providing support to more than 100 countries around the world in implementing measures to adapt to climate change, protect lives, property and natural resources.

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Publication Date
Fri, 05/30/2025 – 12:00

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The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

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