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The Multi-Partner Trust Fund Office is a UN center of expertise on pooled financing mechanisms.

It supports development effectiveness and UN coordination through the efficient, accountable and transparent design and administration of innovative pooled financing mechanisms. For more information, consult the MPTF Office Gateway and publications.

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17 Mar 2022

The Nordic Development Fund (NDF) has committed 10 million Euros to the Systematic Observations Financing Facility (SOFF), a groundbreaking financing mechanism, administered by the UN Multi-Partner Trust Fund Office, and designed to ramp up the global understanding of climate change by significantly increasing the availability of essential weather and climate data. 

17 Mar 2022. The NDF Managing Director, Ms. Karin Isaksson, welcomed the creation of SOFF and emphasized that “Having accurate metrics is important for early warning systems to work efficiently. They sharpen decisions both for public and private investors, and most importantly save lives and increase the resilience of the most vulnerable populations”

The latest report published by the Intergovernmental Panel on Climate Change made it clear that climate change is already impacting every corner of the world and much more severe impacts are in store if we fail to take adequate action now. For this reason, the Nordic Development Fund is pleased to be among the initial funders of SOFF. The implementation of this new financing mechanism will ensure that climate action is underpinned by the best available science and data and will make possible the breakthrough on climate adaptation called for by the United Nations Secretary-General.

Strengthening the foundations of adaptation

All monitoring and prediction of weather and climate start from the collection and global exchange of observations – these data provide the only source of knowledge about the atmosphere and the climate system. However, currently, there are large data gaps from the Least Developed Countries (LDCs) and the Small Island Developing States (SIDS) which undermine the basis upon which all climate adaptation investments and decisions are made.

“Vulnerable countries do not have sufficient resources to comply with the internationally agreed requirements for the generation and exchange of basic weather and climate data. Many Small Island States like us, despite being small countries, have large geographic responsibility in terms of data gathering and yet our resources are very limited,” said the Prime Minister of Cabo Verde, H.E. Ulisses Correia e Silva.

 

Investing in innovation

Investments made in observing systems over the last three decades have generally not resulted in a significant and sustained increase in observational data exchange and the situation continues to deteriorate.

SOFF responds to the need to develop a global approach and innovative financing model to address this problem. SOFF innovative features include using sustained international data exchange as a measure of success of investments; providing long-term result-based finance for sustained data sharing; enhancing technical competency through peer-to-peer advisory services, harnessing the expertise of advanced national meteorological services; and leveraging partners’ knowledge and resources.

Recognizing the importance of improving the availability of observations data to improve the quality of critical weather forecasts and climate services, the Nordic countries have strongly supported the creation of SOFF since the beginning. As the Danish Minister for Development Cooperation Flemming Møller Mortensen said at COP26 “before we can begin to adapt, we need to have strong data on weather and climate.” Indeed, global climate action can only be as good as the data it is based on.

Protecting lives and the economy  

Everyone will benefit from filling these critical data gaps. According to a 2021 study from the World Bank, the World Meteorological Organization (WMO) and the UK Met Office, investments in weather and climate observations are essential to fully realize the US$ 162 billion of estimated minimum annual socio-economic benefits of weather and climate prediction.

“The creation of SOFF is a critical milestone to deliver tangible benefits in terms of lives saved, improved disaster management, livelihoods, biodiversity, food security, water supply and economic growth,” according to Inger Andersen, UN Environment Programme Executive Director.

Yet these investments are operationally complex and require close cooperation of a wide range of stakeholders. As Professor Petteri Taalas, WMO Secretary-General said “We must continue investing in basic observing systems and fill in data gaps, but it’s going to take all UN agencies.”

Achim Steiner, UN Development Programme Administrator stressed that “the U.N. system is playing a critical role in helping vulnerable communities across the world to get ahead of the curve, to adapt to the effects of climate change and build much-needed resilience. UNDP is therefore proud of having established with WMO and UNEP the Systematic Observations Financing Facility.”

Adapted from information originally published by the World Meteorological Organization.


3 Mar 2022

 

 Nairobi, 3 March 2022 – The German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV), the UN Environment Programme (UNEP), and the Secretariat of the Convention on Biological Diversity (SCBD) today jointly announced the establishment of a Multi-Partner Trust Fund (MPTF) on Nature for Health. 

 

Announced on World Wildlife Day, the Fund – through an initial contribution of 50 million Euros from Germany’s International Climate Initiative (IKI), brings together leading UN agencies, intergovernmental organizations and civil society groups in the field of environment and health, namely UNEP, the SCBD, the UN Development Programme (UNDP), the World Health Organization (WHO), the World Organization for Animal Health (OIE), the International Union for Conservation of Nature (IUCN) and the EcoHealth Alliance. The Fund will be administered by the UN Multi-Partner Trust Fund Office

 

The new Fund will help countries achieve more holistic policymaking by creating further evidence of the links between biodiversity, climate and health, and will support decision makers and relevant actors to take measures to prevent future pandemics. Through application of enhanced One Health approaches, the Fund aims to achieve improved policies and cross-sector collaboration. 

 

“Above all, the Multi-Partner Trust Fund will focus on implementation. Implementation of preventive One Health action and policies at the local, national and regional level. It is necessary to work together to develop the full potential of biodiversity to contribute to our health and well-being across the planet,” said Steffi Lemke, German Minister for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection. 

 

“The global pandemic has revealed how interconnected nature and human well-being are. To address the triple planetary crisis of climate change, biodiversity loss, and pollution and waste, we need a true One Health approach. This is the only way to secure the health and well-being for current and future generations,” said Inger Andersen, UN Under-Secretary-General and Executive Director of UNEP. 

 

The Fund will support fast-tracked implementation of the Convention on Biological Diversity Global Action Plan on Biodiversity and Health that is currently under development. 

 

“The post-2020 global biodiversity framework is our prescription for putting nature on a path to recovery. The Multi-Partner Trust Fund will accelerate the uptake of the CBD draft Global Action Plan for Biodiversity and Health, that will be considered at COP-15. This is precisely the type of partnerships needed to achieve the 2050 Vision for Biodiversity and advance the health of people alongside the health of the planet,” said Elizabeth Maruma Mrema, the Executive Secretary of the Convention on Biological Diversity. 

 

The Fund invites countries and donors to join this initiative to take action to prevent the next pandemic by investing in nature. To support the Fund, please contact unep-onehealth@un.org

 

NOTES TO EDITORS 

About the United Nations Environment Programme (UNEP) 

Since its inception in 1972, the United Nations Environment Programme (UNEP) has been the global authority that sets the environmental agenda, promotes the coherent implementation of the environmental dimension of sustainable development within the United Nations system and serves as an authoritative advocate for the global environment. UNEP’s mission is to provide leadership and encourage partnership in caring for the environment by inspiring, informing, and enabling nations and peoples to improve their quality of life without compromising that of future generations. 

https://www.unep.org/ 

 

About the Secretariat of the Convention on Biological Diversity (SCBD) 

The Convention on Biological Diversity (CBD) was signed at the Earth Summit in Rio de Janeiro, Brazil, in 1992 and entered into force on 29 December 1993. It is the first global agreement to cover all aspects of biological diversity: the conservation of biological diversity, the sustainable use of its components and the fair and equitable sharing of benefits arising from the use of genetic resources. The Secretariat of the Convention on Biological Diversity (SCBD) was established to support the goals of the Convention. Its primary functions are to organize meetings, prepare reports, assist member governments in the implementation of the various programmes of work, coordinate with other international organizations and collect and disseminate information. 

https://www.cbd.int/secretariat/ 

 

About the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) 

The Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) is responsible for a range of government policies that are reflected in the name of the ministry itself. The ministry has been working over 30 years to protect the public from environmental toxins and radiation, to promote the wise and efficient use of raw materials, to advance climate action and to ensure that natural resources are used in a way that protects the diversity of animal and plant species and preserves their habitats. Since December 2021, the BMUV has been responsible not only for environmental protection and nature conservation, but also consumer protection policy. The BMUV therefore shapes core issues for the future that focus on people and their living environments. It drives economic, environmental and social modernisation. Climate action also remains a key issue for the BMUV with a focus on natural climate solutions, climate adaptation and resource policy. 

https://www.bmuv.de/en/ 

 

About World Wildlife Day 

To celebrate the magnificent array of our world’s flora and fauna, and to raise awareness of the constant threat that our wildlife is under, the UN General Assembly proclaimed 3 March – the day of the adoption of CITES – as UN World Wildlife Day. The day has been celebrated annually since 2014. The theme of this year’s World Wildlife Day is “Recovering key species for ecosystem restoration”. 

http://www.wildlifeday.org/ 

 

For more information, please contact: 

Keishamaza Rukikaire, Head of News and Media, United Nations Environment Programme, rukikaire@un.org


28 Feb 2022

The UN Joint SDG Fund announced on Monday an additional $54.5 million in investments for projects across five countries, to try and get the Sustainable Development Goals (SDGs) back on track. 

“The Fund is in a position to bridge the gap in giving and impact investing”, said Hiro Mizuno, UN Special Envoy on Innovative Finance and Sustainable Investments, adding that it offers “a sustainable investment model by leveraging the power of markets to accelerate businesses, empower communities, and provide a clear path to self-sufficiency”.  

From health in a world still plagued by the COVID-19 pandemic to youth empowerment and climate change, the investments will respond to the challenges of our time, said the Fund in a press release. 

Kenya, Madagascar, North Macedonia, Suriname, and Zimbabwe were selected from proposals submitted by over 100 countries, as being the most impactful and investment-ready to take public. 

Resident Coordinators in the lead 

Under the leadership of UN Resident Coordinators, implementation of investment programmes will fuel the UN footprint in the five nations – ushering in a new generation of collaborative action by the UN, government, civil society, and private sector investors. 

Through a development impact bond, the investments include a platform that encourages healthy sexual and reproductive habits, and HIV prevention in Kenya. Madagascar will use a variety of financial instruments, including a newly established sovereign fund, to finance renewable energy projects, and expand access to affordable, sustainable energy.  

North Macedonia’s newly created Green Financing Facility will help finance a transition to renewable and efficient energy for underserved households and businesses.  

Meanwhile, Suriname will implement an innovative guarantee facility to ease access to credit, a business incubator, and a farmer-owned cooperative, to develop a sustainable and resilient value chain for the country’s pineapple industry.  

And with a focus on empowering women and youth participation, Zimbabwe is set to launch a renewable energy fund to initiate the development of the country’s renewable energy system and infrastructure.  

 Merchants cut firewood at a market in Ambovombe in Madagascar.

© UNICEF/Safidy Andrianantenain

Merchants cut firewood at a market in Ambovombe in Madagascar.

Investments that count 

This announcement comes less than a year after the Fund launched its first investment of $41 million in four transformative programmes in Fiji, Indonesia, Malawi, and Uruguay.  

Last year, a $17.9 million programme in Papua New Guinea was added, and with the addition of these five new programmes, the Joint SDG Fund’s Catalytic Investment portfolio will grow to $114 million.  

The portfolio is expected to leverage $5 billion toward the SDGs across the 10 countries involved. 

Chalking up results 

Although the Catalytic Investment portfolio has been in place for less than a year, it has already achieved meaningful results.  

In Indonesia, it supported a $584 million launch of the first sovereign SDG bond in South-East Asia, and the creation of the Indonesia Impact Fund in partnership with Mandiri Capital.  

And Fiji’s programme has supported sustainable businesses for its vital marine environment, including concessional financing toward a marine conservation company and a pipeline to provide service to waste management and organic fertilizers.

Sustainable model 

The Joint SDG Fund is also committed to working with partners and donors to mobilize additional resources to finance successful proposals submitted by Barbados, Ghana, and Rwanda. 

Established by the General Assembly, the UN Joint SDG Fund is a multi-partner trust fund that supports Member States by lower investment risks that accelerate reaching SDGs.  

In the race to 2030, it aims to disburse one billion dollars in grants annually – with the common thread among all programmes, to leverage multi-million-dollar grants awarded by the Joint SDG Fund into billions for sustainable development. 

 


14 Feb 2022

Joint SDG Fund Doubles its Portfolio to $114 Million in Catalytic Impact Investments  

 

Today, the UN Joint SDG Fund announces a historic expansion of its portfolio to five new markets across the globe with US $54.5 million in additional investments to rescue the Sustainable Development Goals.  

Selected from a global pool of submissions from over 100 countries, the proposals submitted by Kenya, Madagascar, North Macedonia, Suriname, and Zimbabwe emerged as the strongest, most impactful, and investment-ready to take public.  

The investments constitute an ambitious and concerted response by the UN to the challenges of our generation, from health in a world still plagued by the COVID-19 pandemic to youth empowerment to climate change. Under the leadership of UN Resident Coordinators, implementation of these programmes will fuel the UN footprint in the five nations, ushering in a new generation of collaborative action across the UN, Governments, civil society, and private sector investors.  

Described by Hiro Mizuno, the UN Special Envoy on Innovative Finance and Sustainable Investments, “The Fund is in a position to bridge the gap in giving and impact investing. It offers a sustainable investment model by leveraging the power of markets to accelerate businesses, empower communities, and provide a clear path to self-sufficiency.” 

This announcement comes less than one year after the Fund launched its first investment of US $41 million in four transformative programmes in Fiji, Indonesia, Malawi, and Uruguay. In 2021, a US $17.9 million programme in Papua New Guinea was added, and with the addition of these five new programmes, the Joint SDG Fund’s Catalytic Investment portfolio will grow to US $114 million. The portfolio is expected to leverage US $5 billion toward the SDGs across the 10 programmatic countries.  

The investments include a platform that encourages healthy sexual and reproductive habits, and HIV prevention in Kenya through the issuance of a development impact bond. The bond will generate resources to provide long-term financial support for girls to access sexual and reproductive healthcare. Madagascar will use a variety of financial instruments, including the establishment of a sovereign fund to finance renewable energy projects and expand people’s access to affordable, sustainable energy. 

In partnership with development banks and local financial institutions, North Macedonia’s newly created Green Financing Facility will offer financing solutions to accelerate the transition to renewable and efficient energy for underserved households and businesses. Suriname will implement several solutions, including an innovative guarantee facility to ease access to credit, a business incubator, and a farmer-owned cooperative to develop a sustainable and resilient value chain for the country’s pineapple industry. Whereas Zimbabwe is set to launch, through an ambitious public-private joint initiative with a focus on empowering women and youth participation, a renewable energy fund to initiate the development of the country’s renewable energy system/infrastructure. 

The Joint SDG Fund is committed to working with our partners and donors to mobilize further additional resources to finance successful proposals submitted by Barbados, Ghana, and Rwanda. 

Although the Catalytic Investment portfolio has been in place for less than a year, it has already achieved meaningful results. In Indonesia, the Joint SDG Fund supported the US $584 million launch of the first sovereign SDG bond in South-East Asia, and the creation of the Indonesia Impact Fund in partnership with Mandiri Capital. The Malawi BUILD fund is currently fully operational and is expected to make its first investments in small businesses in the agricultural sector during the first months of 2022. Fiji’s programme has provided support to sustainable businesses for the country’s vital marine environment, including concessional financing toward a marine conservation company and a pipeline to provide service to waste management and organic fertilizers.  

With sincere appreciation for the contributions from the European Union and Governments of Denmark, Germany, Ireland, Luxembourg, Monaco, Kingdom of Netherlands, Norway, Portugal, Republic of Korea, Spain, Sweden, Swiss Agency for Development and Cooperation and our private sector funding partners, this milestone marks a transformative movement towards achieving the SDGs by 2030. 

Recognizing the immense support in the implementation of the UN joint programme initiatives, the Fund is exceedingly grateful for the level of cooperation from, United Nations Capital Development Fund, United Nations Development Programme, United Nations Children's Fund, United Nations Population Fund, International Labour Organization, World Food Programme, Food and Agriculture Organization, International Organization for Migration, United Nations Economic and Social Commission for Asia and the Pacific, International Fund for Agricultural Development, UNAIDS, United Nations Economic Commission for Europe, United Nations Environment Programme, United Nations Educational, Scientific and Cultural Organization, United Nations High Commissioner for Refugees, United Nations Industrial Development Organization, UN Women, World Health Organization and World Meteorological Organization.   

About: The UN Joint SDG Fund is a multi-partner trust fund established by the United Nations General Assembly. The Fund supports UN member states by de-risking investments that drive financing solutions to accelerate achievement of the Sustainable Development Goals (SDGs). Our goal is to disburse US$ 1 billion in grants annually in the race to 2030. All programmes share one critical element: their ability to leverage multi-million-dollar grants from the Joint SDG Fund into billions for sustainable development. Learn more: https://www.jointsdgfund.org/ 

 

 Originally published on www.jointsdgfund.org 

 


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