As the dust settles over an intense two-week period of negotiations, events and announcements in Sharm el-Sheikh – Phoebe Scott, Investment Associate at Climate Asset Management explores the outcomes of the ‘Implementation COP’, and how they link to natural capital.
Climate Asset Management is fully supportive of the TNFD’s ambition and in particular we welcome the efforts to define how we can clearly and responsibly communicate nature-related opportunities to the market.
• Representatives from up to 15 African countries in attendance
• Forum will encourage exchange and dialogue in relation to Article 6 of the Paris Agreement, with a focus on Voluntary Carbon Markets (VCM) and carbon programme integration into livelihood programming
• Objective to foster a collaborative framework and roadmap for action towards COP 27 and beyond
In an open letter to John Flint, CEO of UK Infrastructure Bank, the Chancellor acknowledges that private sector involvement in the market needs to scale up significantly to bridge the financing gap for nature-based outcomes in line with government policy. He references Climate Asset Management alongside founder shareholders Pollination and HSBC Asset Management as a positive step in the Annex to the letter.