Draft:Global Capacity Building Coalition
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Comment: 1- The followings are the best 3-reliable sources..1. Reuters.[1]2. Yahoo Finance.[2]3. Forbes.[3]—𝐏𝐞𝐫𝐟𝐞𝐜𝐭𝐨𝐝𝐞𝐟𝐞𝐜𝐭𝐨(𝚝𝚊𝚕𝚔) 23:36, 2 October 2024 (UTC)
The Global Capacity Building Coalition (GCBC) is a global initiative designed to enhance the ability of financial institutions & professionals in Emerging Markets and Developing Economies (EMDE) to invest in sustainable projects by collaborating with the leading climate finance organizations. Its main objective is to achieve the finance targets set by the UN and the G20. [4]
History
The Global Capacity Building Coalition was launched by the UN Secretary-General’s Special Envoy on Climate Ambition and Solutions Michael Bloomberg at the 28th United Nations Climate Change Conference in December 2023, with the support of Bloomberg Philanthropies.[5]
In September 2024, Chair of the GCBC Mary Schapiro announced the launch of a beta version of a new digital platform which is designed to increase the availability of climate finance capacity building resources and programs to support the climate transition around the world.[6][7]
Members
The GCBC was established with 19 founding members. currently, it encompasses more than 50 organizations as of September 2024.[8]
Founding members including observers.[9]
- African Development Bank
- Asian Development Bank*
- Asian Infrastructure Investment Bank
- Bloomberg Philanthropies
- European Bank for Reconstruction and Development
- Glasgow Financial Alliance for Net Zero
- Global Blended Finance Alliance
- Green Climate Fund*
- Finance in Common
- Inter-American Development Bank
- International Monetary Fund*
- International Sustainability Standards Board
- Network for Greening the Financial System*
- Principles for Responsible Investment
- United Nations Climate High-Level Champions
- United Nations Development Programme
- United Nations Environment Programme Finance Initiative
- United Nations Framework Convention on Climate Change*
- The World Bank Group*
References
- ^ "World Bank, UAE lead climate financing boost at COP28". Reuters. 1 December 2023.
- ^ "GARP Announces Membership in Newly Created Global Capacity Building Coalition". Yahoo Finance. 24 September 2024.
- ^ "Biden, Bloomberg, Other Leaders Discuss What's Being Done About The Climate Crisis". Forbes. 30 September 2024.
- ^ "GARP Announces Membership in Newly Created Global Capacity Building Coalition". Yahoo Finance. 24 September 2024.
- ^ "World Bank, UAE lead climate financing boost at COP28". Reuters. 1 December 2023.
- ^ "Michael R. Bloomberg and Mary Schapiro Announce Beta Launch of Platform to Support Financial Institutions Seeking to Build Climate Finance Technical Capacity and Resources". Bloomberg. 24 September 2024.
- ^ "Biden, Bloomberg, Other Leaders Discuss What's Being Done About The Climate Crisis". Forbes. 30 September 2024.
- ^ "CISI Joins Global Capacity Building Coalition Supporting Launch Of New Digital Platform For Finance Climate Action Strategies". mondovisione.com. 25 September 2024.
- ^ "COP28 Presidency and Bloomberg Philanthropies launch of the Global Capacity Building Coalition". esgmena. 2 December 2023.