Momentum for Change: Financing for Climate-Friendly Investment

 

Announcement

  The United Nations Climate Change secretariat is calling for activities for selection under
  Momentum for Change: Financing for Climate-Friendly Investment

 

The period for submitting applications will be open from 12 April to 31 May 2013

On 12 April, Christiana Figueres was joined by Tom Kerr from the World Economic Forum to host a live Twitter chat to discuss the role of climate-friendly finance. You can read the storified version of the chat here

 

 

Momentum for Change: Financing for Climate-friendly Investment Trailer from M4C on Vimeo.

 

Developing countries are forecast to represent over 60% of global GDP by 2030. However, given growing environmental and resource challenges such as climate change and water security, the imperative for shifting development onto a resource-efficient growth pathway is increasingly clear. Governments can use strategically targeted public monies and policies to address the risks faced by private investors, resulting in a significant increase in private capital flows for climate-friendly development.

 

Momentum for Change: Financing for Climate-friendly Investment recognizes successful financial innovations for adaptation and climate mitigation. It showcases lighthouse activities which represent successful financing mechanisms and approaches to support climate change adaption and mitigation activities.

 

Momentum for Change: Financing for Climate-friendly Investment is implemented in partnership with the  World Economic Forum.

 

The Momentum for Change Advisory Panel will select a small number of lighthouse activities to be recognized during the United Nations Climate Change Conference in Warsaw, Poland from 11–22 November 2013.

 

The Momentum for Change: Financing for Climate-friendly Investment pillar lighthouse activities will be assessed and chosen against the following criteria:

  1. The activity must address climate change mitigation or adaptation, with a focus on clean energy, transport, agriculture or other green growth areas with a longer term goal of achieving low-carbon growth;
  2. The activity is leveraging significant amounts of private finance relative to the public funds being deployed;
  3. The activity helps to address some of the market barriers and failures that have been identified in the country;
  4. The activity implies a strong collaboration between the public and private sector, with particular emphasis on collaborations;
  5. The activity is scalable, replicable, aims to achieve transformational change and demonstrates elements of innovation;
  6. The activity must have been implemented, or is in the course of implementation;
  7. The activity must deliver verifiable social and environmental benefits to an identified community, which has been appropriately engaged in the development of the activity;
  8. The activity must not be registered or have intentions to register as a CDM or JI activity for the next 2 years.
Applications will be judged on the basis of the form submitted, the Momentum for Change team may contact the applicant should further information be sought.

 

Press here to apply to Momentum for Change: Financing for Climate-Friendly Investment  Application checklist

Before you submit your application, please ensure the following: 
  1.   You have the authority to make an application on behalf of the activity; 
  2.   You have registered your interest by creating a log-in account; 
  3.   You have read and understood the criteria and the pdf-icon terms of application (214 kB) . 
If you would like more information about the application process and Momentum for Change, please visit our Frequently Asked Questions section. Should you have further enquiries, do not hesitate to contact the Momentum for Change team at momentum@unfccc.int.

 

All activities that are considered to have met the selection criteria will be included in the Momentum for Change website. The information entered into the application form by the registered applicant, will comprise the basis for the entry, including a link to the activity’s own website. By submitting your activity to the call, you will provide it with a chance to become a part of a growing catalogue of climate change mitigation and adaptation activities serving to inspire and keep people abreast of the change already occurring around the world.