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Beskrivelse af virksomhedens væsentligste aktiviteter:Primary activitiesOverview
The World Climate Foundation is a foundation registered in Denmark. The Foundation is engaged in developing international, not-for-profit impact platforms for large-scale collaboration between government, business, finance and civil society to help solve evolving environmental crises.
The Foundation's efforts are funded by donations from relevant institutions, funding through work on various public programmes and revenues from strategic partnerships and memberships. In 2023, funding came primarily from the following sources: international corporations, EU funding programme, Danish (Danida) development grant. The Foundation is managed by an independent board.
Activities
In 2023, the World Climate Foundation continued its effort to drive and facilitate the necessary multi-sector collaboration to accelerate partnerships and investments in green economy, nature-based solutions and technological innovations, tackling both biodiversity loss and climate change while creating economic opportunities. Its networks offered valuable insights into the transition plans necessary for sustainable development of industries. Summits and other partner activities provided a platform for industry leaders to collaborate and develop on joint solutions and innovations for a faster transition to a net-zero and resilient economy.
World Climate Network
In 2023, World Climate Network, demonstrated its unwavering commitment to driving global progress in climate action and energy transition with 3 landmark engagements that marked the calendar of 2023 in the climate sphere: World Energy Transition Summit, World Climate Summit - The Investment COP and World Climate Impact Hub at COP28.
• On 20 September, World Energy Transition Summit brought together global energy leaders in New York from public and private sectors from North America and beyond to keep up important momentum, foster strong alliances – and take stock of the global energy transition. The pivotal event leveraged the collective action of public and private sectors to rapidly accelerate clean energy innovation and deployment around the world.
• World Climate Summit - The Investment COP 2023, returned on 7-8 December alongside COP28 in Dubai, marking its 14th year. As the largest C-level B2B convening alongside COP, World Climate Summit facilitated the exchange of best practices and innovations across vital sectors crucial to decarbonisation efforts in the areas of energy, transport, buildings, industry, finance and nature. The event was closely linked to this year’s Global Stocktake, emphasising how non-government stakeholders can achieve transition pathways to deliver on climate action. World Climate Summit was proud to engage 67 front-running organisations from public and private sectors, including businesses, financial institutions, governments and international organisations, and welcomed over 1700 in person delegates at the Summit.
• Inside the global climate negotiations at COP28’s Blue Zone, the World Climate Impact Hub pavilion served as an outstanding space for creativity, cross-sector collaboration, partnerships and the launch of innovative initiatives from 30th November to 12th December. In collaboration with partners, the Hub delivered pivotal discussions and leveraged enlightening networking opportunities, all aimed at catalysing the transition to a green and net-zero future.
World Biodiversity Network
In 2023 the World Biodiversity Network was expanding its commitment and global influence towards advancing biodiversity preservation and fostering a nature-positive transition worldwide.
• As part of the World Biodiversity Network, the World Biodiversity Summit returned on 21 September on the sidelines of Climate Week NYC and the 78th UN General Assembly, held in New York, USA. Cebrating its 3rd year, the Summit solidified its position as a pioneering platform, effectively bridging the climate and biodiversity agendas. Its objectives encompassed advancing the implementation of the new Kunming-Montreal Global Biodiversity Framework and translating ambitious commitments into tangible actions for global biodiversity and climate action. World Biodiversity Summit – New York attracted over 500+ high-level delegates from 60 countries for its interactive sessions and networking breaks. The delegates represented financial and investment institutions, policymakers, government leaders, project and research developers, academics, media and non-governmental organisations.
• During the engagements at COP28, World Climate Foundation announced the official launch of Nature Investment Coalition, that seeks to build a collaborative platform of public sector, civil society, finance and industry leaders to mobilise and deploy nature-positive financing.
World Health Network
In 2023, World Climate Foundation continued its efforts in accelerating solutions for preparedness and prevention of future pandemics by establishing a public-private dialogue beyond the health sector The Network gathered public and private sector stakeholders from across the globe, serving as a catalyst for the necessary dialogue, partnerships, solutions, and investments to tackle climate and nature-induced risks.
• The inaugural World Resilience Summit took place on 24 May alongside the 76th World Health Assembly in Geneva in collaboration with the Geneva Health Forum to help define measures on prevention, preparedness and response to support the adoption of the pandemic accord.
Investment Mobilisation Collaboration Alliance (IMCA)
IMCA was launched at COP28 by the United States and Nordic governments as a new platform for providing blended finance solutions to the immense need for investments in climate mitigation, adaptation and nature in emerging markets, and developing economies. The Alliance aims to mobilise billions of USD in private capital to de-risk climate investments in mitigation, adaptation, biodiversity and nature before the end of 2025.
In 2023, World Climate Foundation has taken on the role of operating partner for IMCA and will support the successful outcomes of IMCA for the period 2023-2026, playing a key role in project planning and coordination, stakeholder outreach and engagement, and communicating its achievements through side events and high-profiled announcements to support IMCA’s role in creating climate investments in emerging markets.
CLIMATEFIT
In 2023, World Climate Foundation also took on the role as the project lead of CLIMATEFIT, EU funded programme to support EU territories in their quest for climate adaptation, as a part of the Horizon Europe Programme. The project aims at supporting innovative financing mechanisms for adaptation to climate change by providing key insight into financing sources and strategies. The project will engage its experts, public authorities and financing & investment entities in the co-creation of:
• 20 Innovative investment strategies
• 10 Concrete and scalable investment plans
• 4 Bankable transformational investment cases.
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