BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a7ab6b9328af DTSTART:20231105T060000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20231105T083500Z LOCATION:Shanghai\, China SUMMARY:The 6th Hongqiao International Economic Forum - Subforum 2 CLASS:PUBLIC DESCRIPTION:\n\nDriving Green Investment and Trade to Jointly Build Global Eco-Civilization \n\n \n\nBalancing economic growth and environmental su stainability\, as affirmed in the UN 2030 Agenda\, is the shared mission f or the international community\, which requires dedicated and development- oriented economic cooperation in terms of financing\, trade\, investment\, and technology innovation at the global level.\n\nSince 2020\, the world economy has been at the brink of recession amid the multiple and cascading crises including the Covid-19 pandemic\, geopolitical tensions\, debt dis tress\, inflationary pressure\, and food insecurity etc. The latest UNCTAD projection shows that the global growth in 2023 might be only 2.1%.\n\nOn top of that\, climate change is becoming a more pressing global challenge . Various research from UNFCCC and IPCC have found that global mean surfac e temperature (GMST) for the decade 2011-2020 had been 1.09°C above the 1 850-1900 period. But the current mitigation commitments included in the ND Cs fall far short of what is required to curb global warming with the ambi tious targets set by the Paris Agreement and global temperatures are on tr ack to rise 2.8°C by the end of the century.\n\nClimate change is already causing severe disruptions to life and livelihoods\, huge economic damage and widespread adverse impacts on ecosystems\, further hindering efforts to achieve UN 2030 Sustainable Development Agenda. It is estimated that\, from 1970-2019\, there were 11072 weather\, climate and water hazards for the globe\, which resulted in 2.06 million deaths and USD 3.64 trillion in economic losses.\n\nFurthermore\, such impacts are disproportionally affe cting vulnerable communities\, regions and countries\, particularly LDCs a nd SIDS\, which have limited response capacities and lack of adequate fina ncial and technical resources. This has led to a widening of the global de velopment financing gap\, especially in the face of an uncertain and unfav orable external macroeconomic environment for developing countries. To sca le up development and climate finance\, the Addis Ababa Action Agenda has identified 7 key action areas of which trade and investment are integral p art.\n\nTrade and investment not just can mobilize financial resources\, b ut also help to enhance economic diversification and resilience through pr omoting industrialization\, expanding production base\, creating jobs\, up grading technologies\, and participating in global and regional value chai ns which are essential for long term growth particularly for developing co untries. To close the development and climate financing gap\, there is a n eed for the international community to rethink the global financial and ec onomic architecture including trade and investment and align it with the S DGs.   \n\nObjective and Questions\n\nThe main objective of the Sub-foru m is to convene high-level representatives and experts from government age ncies\, international organizations\, academia\, and industries to discuss how to better leverage trade and investment for scaling up development an d climate financing\, as well as boosting green technologies and innovatio ns through reshaping the global trade and investment policy agenda. UNCTAD will showcase its latest research on China’s policy experience with gre en development.  Below are guiding questions to frame the discussion and intervention:\n\n\nIn review of global economic landscape and national dev elopment strategies\, what are the key policy trends regarding climate fin ancing\, trade\, investment and environmental sustainability?\nWhat are th e challenges and binding constraints faced by the developing countries in mobilizing development and climate finance\, and how can trade and investm ent help to bridge the financing gap?\nHow to foster more development- and environment-friendly global economic governance such as macroeconomic pol icy coordination\, financial architecture\, trade and investment agenda et c.?\nHow can we promote South-South Cooperation to accelerate the green an d structural transformation of developing countries? and what lessons the Global South can learn from the peer’s policy experience and practice in this regard?\n\n<\;p>\;<\;em>\;<\;!-- ####### HEY\, I AM THE SO URCE EDITOR! #########-->\;<\;/em>\;<\;/p>\;\n\n<\;h3 class=&q uot\;text-center\n\nView meeting on unctad.org\nhttps://unctad.org/meeting /6th-hongqiao-international-economic-forum-subforum-2 DTSTAMP:20260811T054425Z END:VEVENT END:VCALENDAR