Blog | The Next Wave: Global Trends in Sustainable Finance Taxonomies
How We Make a Difference
CCAP is implementing the Paris Agreement's ambition and action by creating applicable policies and accelerating sustainable projects with governments, communities, the private sector, civil society and public institutions. Broadly speaking, our current climate action includes creating enabling frameworks to attract investment in low-carbon infrastructure, accelerating on-the-ground mitigation projects, facilitating south-south knowledge sharing and reducing knowledge asymmetries in communities to implement carbon markets.
Methane mitigation is recognized as the single most effective strategy to reduce global warming in the short term, leading over 150 countries to sign the Global Methane Pledge. CCAP is actively working with country signatories around the world to implement policies and accelerate methane mitigation projects in the waste sector to help them achieve their pledge. This work will also contribute to achieving and raising the ambition of waste sector targets in countries' Nationally Determined Contributions (NDCs).
CCAP is currently advancing policy solutions to accelerate transformative climate finance by mobilizing financial resources from the public and private sector. With the New Collective Quantified Goal (NCQG), CCAP is advocating to operationalize and implement Article 2.1(c) of the Paris Agreement to:
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Enhance the transparency of public and private finance alignment to the Paris Agreement
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Accelerate finance for mitigation, adaptation and climate resilience
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Signal financial market participants to align financial flows toward a shift from brown to green investments.
Additionally, CCAP is advocating for Article 6 of the Paris Agreement by supporting governments and communities in implementing carbon markets to achieve their climate goals and to help improve their NDCs.
This includes:
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Developing a holistic vision of the markets
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Providing practical solutions about how to address robust accounting
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Helping to ensure a guarantee that the markets are used as tools for local governance and development to strengthen equity amongst local communities.
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The time for climate action is now. From devastating hurricanes to raging wildfires, climate change has taken its toll in recent years. This means that in 2023, we have to do everything we can.
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