UN Trade and Development Drives Integrated Finance and Trade Solutions to Confront Climate Crisis

At COP29, UN Trade and Development (UNCTAD) will emphasize the critical need to align climate finance, trade, and investment to build resilience, particularly for the world’s most climate-vulnerable economies.

In the face of growing global climate challenges, UNCTAD will highlight strategies that support climate objectives while also creating sustainable economic opportunities for developing nations.

UNCTAD's Trade and Investment House, in partnership with the Export and Investment Promotion Agency of Azerbaijan (AZPROMO), the World Trade Organization (WTO), the International Chamber of Commerce (ICC), and the International Trade Centre (ITC), will host discussions on key climate issues, including equitable climate finance, carbon markets, and the responsible management of energy transition minerals.

Key initiatives at COP29:

Climate finance: UN Trade and Development supports predictable, transparent funding to help developing countries. Developed nations are expected to reach US$0.89 trillion by 2025, increasing to US$1.46 trillion, closing key financial gaps.

Sustainable growth policies: The organization will advocate for policies that ensure green, low-carbon development, especially for vulnerable economies, including Least Developed Countries and those rich in transition minerals to support the adoption of transition technology and integration of developing nations into low-carbon economies.

Finance, investment, and trade day: On 14 November, the Climate Finance, Investment and Trade Day will highlight how climate finance, investments and trade drive growth and resilience in developing countries.

Energy transition minerals: UNCTAD advocates for strategies that help resource-rich developing countries capture full value from minerals, including processing and manufacturing, not just extraction.

Equitable carbon markets: UN Trade and Development will call for carbon market policies that ensure developing countries can fairly access finance, contributing to global emissions reductions and sustainable development.

UN Trade and Development (UNCTAD) uniquely connects trade, investment, and climate finance to address climate challenges, reduce economic inequalities, and foster resilient, sustainable growth, ensuring the benefits of climate action reach developing countries and communities worldwide.