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Submission information
Submission Number: 67
Submission ID: 22084
Submission UUID: 01cf5edc-488e-4b54-8e1c-dbdddd7b6f06
Submission URI: /fr/form/SDGSummitActions/National
Créé: Fri 22/09/2023 - 07:27
Completed: Fri 22/09/2023 - 07:27
Changed: Fri 22/09/2023 - 09:01
Remote IP address: 147.161.224.179
Submitted by: Anonyme
Langue: English
Is draft: Non
Webform: SDG National Commitments Form
| Title of commitment | UK support to the Innovative Finance Facility for Climate in Asia and the Pacific (IFCAP). |
|---|---|
| Name of submitting Member State or Government | United Kingdom of Great Britain and Northern Ireland |
| Please indicate whether your commitment is intended to address SDG Progress at a national, regional or global level | Regional |
| Please outline briefly the commitment(s) made in the areas outlined above | The UK is providing a guarantee of up to $300 million to the Innovative Finance Facility for Climate in Asia and the Pacific (IFCAP). We estimate this will unlock up to $1.8 billion in additional, affordable, effective climate finance in the region over the next 5 years, meaning up to 6 times leverage of increased climate finance compared to our guarantee commitment. Unlocked funding will enable a greater level of both adaptation and mitigation investments: IFCAP will support vulnerable populations to adapt to the impacts of climate change by increasing their resilience to natural disasters; IFCAP will also support the ADB’s work in financing renewable energy projects, energy efficiency programmes, and policy and regulatory measures to accelerate a clean and just transition from fossil fuels to low carbon energy sources. The Innovative Finance Facility for Climate in Asia and the Pacific (IFCAP) is a multi-donor financing partnership facility set up by the Asian Development Bank (ADB) with the goal of scaling-up finance for accelerated action against climate change in Asia and the Pacific. |
| Does the commitment include a new national benchmark for reducing poverty and inequality by 2027? If yes, please indicate the benchmark below: | |
| Please explain how national planning and institutional frameworks will be strengthened to support progress of the commitment: | |
| Which of the following, if any do your strengthened institutional frameworks seek to address? | Making SDG achievement a more central focus in national planning and oversight mechanisms, Aligning domestic budgets and financing with the SDGs |
| If you have any further information to share please upload the information here, or provide a link to applicable site or document below | |
| Additional Information | |
| Please provide the full name, title and email address of contact person: | Grace Wood, Sustainable Development, UK Mission |
| Please provide the official email address of your country’s Permanent Mission in New York, for verification purposes. | grace.wood@fcdo.gov.uk |
| Annual Updates |