Closing the green finance gap

Solar energy is increasingly vital for the Arab states if they are to move away from oil and gas and towards clean, renewable power. The Sustainable Development Goals (SDGs) represent our most ambitious development agenda ever, setting the vision, framework and targets for the transition to a sustainable and resilient society. With just over a decade left to achieve the SDGs, a major push is needed. Closing the US$2.5 trillion annual gap for achieving the SDGs is a top priority, particularly for climate change and the other environmental pillars. Climate finance has also emerged as one of the greatest opportunities on the road to 2030, as expressed in the recent UN Secretary General’s Strategy for Financing the 2030 Agenda . A key focus is on putting in place new mechanisms at global, regional and country levels to increase innovative finance. The 2030 Agenda calls for transformational change and new approaches. UNDP plays a key role, supporting platforms for solutions to complex problems such as climate change, and using networks to connect a new generation of partners beyond the traditional development community. This aims to shift from closed to open source and help countries mobilize new forms of capital and […]

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