Tourexpi
The
launch took place on 14 November 2023 at the United Nations Headquarters,
Geneva, marking a pivotal moment in the global campaign against climate change
following the adoption of the Paris Agreement by 196 parties.
A
new era of finance governance
The
UN NetZero Facility and Re-PLANET Capital Fund Ecosystem aspire to foster a new
era of global finance governance. This transformative initiative aims to unlock
carbon value, incorporating concepts such as Blue Carbon and circular
business models. The ecosystem is dedicated to catalysing positive change in
the Blue and Green Economy sectors, transforming regeneration into not just an
ecological necessity but also a profitable endeavour.
Tourism's
transformation to low-carbon operations is our compass, let's make Net Zero our
destination by 2050 - a journey for prosperity and a healthy Earth
Key
highlights of the framework include:
·
Blended Financial Ecosystem: A
collaborative approach that integrates diverse funding sources, providing a
solid foundation to address pressing climate challenges.
·
Blockchain Technology: Utilizing
energy-efficient blockchain technology for transparent fund raising and
transfer, ensuring real-time tracking and accountability.
·
Transparency and Accountability:
Committed to unparalleled transparency, accountability, and auditability,
ensuring the traceability of funds from inception to implementation.
Announcing
the launch
The
Director-General of the United Nations Office in Geneva (UNOG) Tatiana Valovaya
said: “The UN NetZero Facility is designed to resonate with the 2030 Agenda
which reflects the interconnectedness between human well-being and the health
of the planet.”
UNWTO
Secretary-General Zurab Pololikashvili says: “Tourism's transformation to
low-carbon operations is our compass, let's make Net Zero our destination by
2050 - a journey for prosperity and a healthy Earth."
Frederic
Degret, CEO of Noah adds: “We stand at a pivotal moment. The Re’planet Capital
Fund, in compliance with Article 9 of SFDR, is not just a fund; it’s a catalyst
for change, empowering investors to drive sustainable growth.”
Blended
finance model
UNWTO's
Multi-Partners Trust Fund, within the UN system, will offer advisory
services and grants to accelerate global progress toward achieving net-zero
carbon emissions. The Facility will operate on a blended finance model and is
set to leverage investments to transition toward building a climate-conscious economy.
The UN
NetZero Facility and Re-PLANET Capital Fund Ecosystem will
address some of the most capital-intensive climate issues, such as carbon
credit quality and integrity, regulatory and market dynamics, and the
monetization of sovereign nature-based and carbon credits.
Image
Credit: © UNWTO
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