BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6aa46d209338e DTSTART:20221109T090000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20221109T100000Z LOCATION:Sharm El-Sheikh\, Egypt SUMMARY:COP27: UNCTAD-WTO high-level forum on global investment and trade f or climate transformation CLASS:PUBLIC DESCRIPTION:Climate change is a systemic risk for the world\, especially to developing countries\, with considerable impacts on trade and investment\ , calling for collective solutions\, multilateral cooperation\, and cohere nt action. This High-Level Forum event taking place at COP-27\, will elabo rate on the role of trade and investment in supporting the just transition and climate transformation\, as well as the ways and means to contribute to the global endeavor for climate change mitigation and adaptation in lin e with the Paris Climate Change Agreement. It is expected to pave the way for formulating a global alliance and roadmap for climate transformation t hrough trade and investment. \n\nTo achieve a low carbon world\, we need to scale-up predictable climate financing\, decarbonize the logistics of t rade and global value chains\, as well as the green investments. Productio n and consumption form a critical part of the climate challenge. At the sa me time\, trade and investment are a critical part of the solution. Climat e change has a considerable impact on global value chains and internationa l production networks by affecting trade flows and specialization\, disrup ting distribution\, transport\, and supply chains\, and raising transactio n costs. The economic consequences of climate change will be unevenly dist ributed and especially felt in developing countries\, which combine high t rade dependency with significant expected damages from climate change. The consequences will also be dire in regions that specialize in food and agr icultural products\, and threaten the existence of many Caribbean\, Pacifi c and Indian Ocean states.\n\nThere is therefore a growing urgency and ren ewed emphasis for mobilizing financial resources for investment in climate change mitigation and adaptation\, especially for developing countries. I nvestment in climate change mitigation\, especially renewables\, is boomin g but most of it remains in developed economies\, and adaptation investmen t continues to lag well behind. In the current context\, this is particula rly worrying as emerging indicators tend to point to possible setbacks in the energy transition\, with increased fossil fuel production in countries previously committed to reducing emissions. Trade can help lower the cost and improve the dissemination of climate technologies\, goods\, and servi ces in support of nationally determined contributions. It can also support the creation of new products\, services\, and markets in the emerging new climate economy. Investment and Trade policies can and must be part of a global policy framework to achieve shared climate goals in the speed requi red by the climate emergency while ensuring a just transition.\n\nThe high -level event will elaborate on the role of trade and investment in just tr ansition and climate transformation\; as well as the ways and means to con tribute to the global endeavor for climate change mitigation and adaptatio n. It is expected to pave the way for formulating UNCTAD-WTO Trade and Inv estment for Climate Actions – a Roadmap\, and Global Alliance of Trade a nd Investment for Climate Transformation (with the participation of multi- stakeholders of global trade-investment community). \n<\;p>\;Climate change is a systemic risk for the world\, especially to developing countri es\, with considerable impacts on trade and investment\, calling for colle ctive solutions\, multilateral cooperation\, and coherent action. This Hig h-Level Forum event taking place at COP-27\, will elaborate on the role of trade and investment in supporting the just transition and climate transf ormation\, as well as the ways and means to contribute to the global endea vor for climate change mitigation and adaptation in line with the Paris Cl imate Change Agreement. It is expected to pave the way for formulating a g lobal alliance and roadmap for climate transformation through trade and in vestment.&\;nbsp\;<\;/p>\;\n\n<\;p>\;To achieve a low carbon wo rld\, we need to scale-up predictable climate financing\, decarbonize the logistics of trade and global value chains\, as well as the green investme nts. Production and consumption form a critical part of the climate challe nge. At the same time\, trade and investment are a critical part of the so lution. Climate change has a considerable impact on global value chains an d international production networks by affecting trade flows and specializ ation\, disrupting distribution\, transport\, and supply chains\, and rais ing transaction costs. The economic consequences of climate change will be unevenly distributed and especially felt in developing countries\, which combine high trade dependency with significant expected damages from clima te change. The consequences will also be dire in regions that specialize i n food and agricultural products\, and threaten the existence of many Cari bbean\, Pacific and Indian Ocean states.<\;/p>\;\n\n<\;p>\;There i s therefore a growing urgency and renewed emphasis for mobilizing financia l resources for investment in climate change mitigation and adaptation\, e specially for developing countries. Investment in climate change mitigatio n\, especially renewables\, is booming but most of it remains in developed economies\, and adaptation investment continues to lag well behind. In th e current context\, this is particularly worrying as emerging indicators t end to point to possible setbacks in the energy transition\, with increase d fossil fuel production in countries previously committed to reducing emi ssions. Trade can help lower the cost and improve the dissemination of cli mate technologies\, goods\, and services in support of nationally determin ed contributions. It can also support the creation of new products\, servi ces\, and markets in the emerging new climate economy. Investment and Trad e policies can and must be part of a global policy framework to achieve sh ared climate goals in the speed required by the climate emergency while en suring a just transition.<\;/p>\;\n\n<\;p>\;The high-level event w ill elaborate on the role of trade and investment in just transition and c limate transformation\; as well as the ways and means to contribute to the global endeavor for climate change mitigation and adaptation. It is expec ted to pave the way for formulating UNCTAD-WTO <\;em>\;Trade and Inves tment for Climate Actions – a Roadmap<\;/em>\;\, and <\;em>\;Glo bal Alliance of Trade and Investment for Climate Transformation (with the participation of multi-stakeholders of global trade-investment community)& lt\;/em>\;.&\;nbsp\;<\;/p>\;\n\n\nView meeting on unctad.org\nhtt ps://unctad.org/meeting/cop27-unctad-wto-high-level-forum-global-investmen t-and-trade-climate-transformation DTSTAMP:20260911T210536Z END:VEVENT END:VCALENDAR