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G7 finance and climate tracks should align their strategy, find a common position and support a systemic approach to defining and financing national transition plans. Such a systemic approach developed by G7 is critical to give confidence, build trust and inform next set of finance and climate decisions at COP29 and COP30 on the New Collective Quantified Goal on Climate Finance (NCQG) and the Nationally Determined Contributions (NDCs).
Given the imperative to mobilize private investment at the scale required to address climate change, the effective deployment of funding, policies, and frameworks becomes paramount. In this context, it is imperative to place Transition Plans (TPs) at the heart of the G7 finance agenda as primary tools to re-orient and re-design private and public choices towards resilient and sustainable economic systems.
This policy briefing, prepared by ECCO and E3G, examines the relationship between debt and climate at a pivotal moment for transforming the international financial architecture and for ensuring finance flows towards climate growth opportunities. Italy can play a key role in shaping a more resilient and sustainable future for Africa through both its G7 Presidency and the Mattei Plan.
G7 finance and climate tracks should align their strategy, find a common position and support a systemic approach to defining and financing national transition plans. Such a systemic approach developed by G7 is critical to give confidence, build trust and inform next set of finance and climate decisions at COP29 and COP30 on the New Collective Quantified Goal on Climate Finance (NCQG) and the Nationally Determined Contributions (NDCs).
Given the imperative to mobilize private investment at the scale required to address climate change, the effective deployment of funding, policies, and frameworks becomes paramount. In this context, it is imperative to place Transition Plans (TPs) at the heart of the G7 finance agenda as primary tools to re-orient and re-design private and public choices towards resilient and sustainable economic systems.
This policy briefing, prepared by ECCO and E3G, examines the relationship between debt and climate at a pivotal moment for transforming the international financial architecture and for ensuring finance flows towards climate growth opportunities. Italy can play a key role in shaping a more resilient and sustainable future for Africa through both its G7 Presidency and the Mattei Plan.