BEGIN:VCALENDAR
VERSION:2.0
PRODID:unctad.org
BEGIN:VEVENT
UID:6a969278e4348
DTSTART:20241114T110000Z
SEQUENCE:0
TRANSP:OPAQUE
DTEND:20241114T123000Z
LOCATION:Baku\, Azerbaijan
SUMMARY:COP29 Climate FIT Day event: Financing the low-carbon energy transi
 tion in Asia and the Pacific
CLASS:PUBLIC
DESCRIPTION:Many middle-income countries (MICs) are simultaneously confront
 ed with rapidly growing energy needs and the necessity to respond to the c
 limate crisis\, often with limited resources. Many emerging market develop
 ing economies (EMDEs) are also deeply exposed to and dependent on fossil f
 uels\, and the shift to a low carbon energy system also implies a transfor
 mation of their broader economies\, involving significant trade-offs and u
 pfront costs to ultimately deliver future benefits.How then can EMDEs tran
 sition away from fossil fuels in an equitable manner while tripling renewa
 ble energy capacity\, doubling the rate of energy efficiency\, and acceler
 ating zero- and low-emission technologies\, including nuclear energy\, as 
 ascribed in the UAE consensus?This event will explore options to reconcile
  these challenges\, with speakers from MIC governments\, private finance\,
  public development banks\, and industry bringing testimonies from the gro
 und. This townhall in person session seeks to break the “deadlock” tha
 t plagues developed and developing states.&lt\;p&gt\;Many middle-income co
 untries (MICs) are simultaneously confronted with rapidly growing energy n
 eeds and the necessity to respond to the climate crisis\, often with limit
 ed resources. Many emerging market developing economies (EMDEs) are also d
 eeply exposed to and dependent on fossil fuels\, and the shift to a low ca
 rbon energy system also implies a transformation of their broader economie
 s\, involving significant trade-offs and upfront costs to ultimately deliv
 er future benefits.&lt\;/p&gt\;&lt\;p&gt\;How then can EMDEs transition aw
 ay from fossil fuels in an equitable manner while tripling renewable energ
 y capacity\, doubling the rate of energy efficiency\, and accelerating zer
 o- and low-emission technologies\, including nuclear energy\, as ascribed 
 in the UAE consensus?&lt\;/p&gt\;&lt\;p&gt\;This event will explore option
 s to reconcile these challenges\, with speakers from MIC governments\, pri
 vate finance\, public development banks\, and industry bringing testimonie
 s from the ground. This townhall in person session seeks to break the “d
 eadlock” that plagues developed and developing states.&lt\;/p&gt\;\n\nVi
 ew meeting on unctad.org\nhttps://unctad.org/meeting/cop29-climate-fit-day
 -event-financing-low-carbon-energy-transition-asia-and-pacific
DTSTAMP:20260901T085312Z
END:VEVENT
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