Climate finance drives climate action.
At this year’s Spring Meetings by @WorldBank and @the_IMF, starting today in Washington D.C., much is at stake.
The meetings are a milestone on the way to set a robust and ambitious financial goal at #COP29 in Baku later this year.
Why?
The delivery of that goal will require reforms to the international financial system.
#ClimateAction is not a cost and a burden. It is an investment in our future.
Regulatory uncertainty in Europe highlights persistent friction between ambition and delivery. Delays to the EU’s deforestation regulations continue to complicate the sourcing of renewable building materials such as certified timber and biomass. These materials are central to eco-design for buildings and life cycle cost evaluation within green construction projects seeking BREEAM or BREEAM v7 certification. The administrative lag is raising concerns about the traceability of products covered by environmental product declarations (EPDs) and the coherence of sustainability benchmark systems across borders.
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