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Mainstreaming climate change adaptation into development brochure

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05 Nov, 2023

This post was originally published on UNDP

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UNDP’s policy and institutional support on climate change adaptation planning and policy is delivered through the National Adaptation Plan (NAP) processes in developing countries, including Least Developed Countries (LDCs). The NAPs are carried out in an integrated approach linking to NDCs and contribute to UNDP’s Climate Promise. At the core of NAPs is a commitment to through mainstreaming climate risk at all levels of development- local, national, regional and global. UNDP is supporting countries reach the objectives of Article 7 on adaptation in the Paris Agreement in relation to adaptation planning. The NAPs process was originally established under the Cancun Adaptation Framework. It enables Parties to formulate national adaptation plans (NAPs) as a means of identifying medium- and long-term adaptation needs.

 

 

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Government consulting on sustainable investment labelling

Government consulting on sustainable investment labelling

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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