The PRI engaged in New York Climate Week and is set to participate in COP16 and COP29 as part of its ongoing efforts in the ‘Road to COP30.’ Key objectives include advocating for responsible investment policies, enhancing investor commitments towards net zero and climate adaptability, as well as regional action. Major events will address the intersection of finance with biodiversity conservation and climate action, laying the groundwork for effective collaboration toward achieving global climate goals.
The PRI participated in New York Climate Week in September and plans to attend UN Biodiversity COP16 in Cali, Colombia from October 21 until November 1, and UN Climate Conference COP29 in Baku, Azerbaijan, from November 11 to 22. These events are pivotal as the global community advances toward COP30, scheduled for November 2025 in Brazil, which will be crucial for updating Nationally Determined Contributions (NDCs) aimed at emissions mitigation. The PRI identifies three primary objectives to achieve during this transition: 1. Advocating for an enabling policy environment that supports responsible investments. 2. Enhancing investor commitment toward net zero goals, nature preservation, and climate adaptability. 3. Encouraging regional initiatives occurring in the intersection of climate and nature. During New York Climate Week, numerous influential figures from government, business, academia, and civil society will convene to discuss pressing climate issues. COP16 will mark the first meeting since the Kunming-Montreal Global Biodiversity Framework was enacted, focusing on executing biodiversity strategies and recommending a monitoring framework for the global biodiversity agenda. Meanwhile, COP29 in Azerbaijan serves as an essential platform for enhancing ambitions and facilitating the necessary financial flows toward climate-positive strategies. Noteworthy events have been planned for COP16, including discussions on financing for nature conservation and the role of government in enabling financial support for biodiversity. The PRI intends to keep stakeholders updated about their engagements at these conferences and encourages participatory communication through a link for those intending to attend.
New York Climate Week serves as a significant event that brings together various stakeholders to address climate change issues and explore collaborative efforts to promote sustainability. This year, the PRI’s participation underlines its commitment to responsible investment practices that are aligned with climate goals. COP16, scheduled in Cali, Colombia, represents an opportunity for nations to assess their biodiversity strategies following the establishment of the Kunming-Montreal Global Biodiversity Framework. COP29 in Baku, Azerbaijan, is particularly critical for negotiation and advancement of Nationally Determined Contributions (NDCs), reflecting global ambitions for emissions reductions. These conferences set the stage for increased climate action as countries prepare for COP30 in Brazil where they will revisit and strengthen their climate commitments. The PRI’s objectives focus on creating a favorable policy landscape for investments, enhancing collective actions on net zero, and fostering regional initiatives, establishing a comprehensive approach to tackling biodiversity loss and climate change collectively through finance and policy engagement.
The upcoming conferences, New York Climate Week, COP16, and COP29 represent critical opportunities for international stakeholders to align their climate strategies and enhance collaborative efforts toward biodiversity and emissions reduction. The PRI is strategically positioning itself to advocate for an enabling environment for responsible investment while facilitating stronger commitments from investors. By actively participating in these pivotal events, the PRI aims to elevate the discourse surrounding climate action and promote rigorous implementation of climate-related policies.
Original Source: www.unpri.org
