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Launch of a new GEF-funded project to support Sri Lanka in monitoring and tracking progress of climate commitments

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08 Aug, 2024

This post was originally published on UNDP

Launch of a new GEF-funded project to support Sri Lanka in monitoring and tracking progress of climate commitments
kate.smith@undp.org
Thu, 08/08/2024 – 00:59

Funded by the Global Environment Facility, the project ‘Development of the First Biennial Transparency Report, the Second Biennial Transparency Report and the Fourth National Communication of Sri Lanka to UNFCCC’ will be implemented by the Ministry of Environment together with UNDP in Sri Lanka, and will support the Government to prepare the First & Second Biennial Transparency Reports and the Fourth National Communication.

To mark the launch of the project, the Project Document signing took place on August 5 with the Secretary to the Ministry of Environment and Resident Representative for UNDP in Sri Lanka. Mr.Prabath Chandrakeerthi, Secretary to the Ministry of Environment said, “We recognize the importance of submitting the BTRs and national communications, not only as a demonstration of our commitment to achieving the targets under the Paris Agreement but also to showcase our progress and strengthen our efforts to combat climate change. It represents our dedication to enhanced transparency, accountability, reinforcing global cooperation to address this urgent challenge.”

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Publication Date
Mon, 08/05/2024 – 12:00

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Government consulting on sustainable investment labelling

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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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