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VERSION:2.0
PRODID:unctad.org
BEGIN:VEVENT
UID:6a8ce7ef9d5e9
DTSTART:20241115T130000Z
SEQUENCE:0
TRANSP:OPAQUE
DTEND:20241115T140000Z
LOCATION:Baku\, Azerbaijan
SUMMARY:COP29 Trade and Investment House event: Leveraging carbon markets f
 or the sustainable development of least developed countries
CLASS:PUBLIC
DESCRIPTION:Carbon markets are undergoing a major transition towards a new 
 regime under the aegis of the Paris Agreement. High hopes are placed on th
 em as a means to unlock finance and accelerate the development of the leas
 t developed countries (LDCs). At the same time\, participation in these ma
 rkets presents challenges and pitfalls for these countries.First\, it requ
 ires major development in LDC institutions and administrative structures\,
  which is costly and requires the necessary resources to be mobilized. Sec
 ond\, participation in carbon markets can potentially jeopardize the mediu
 m-term development policy space of LDCs and render their future climate po
 licy more difficult to implement. LDCs therefore need to carefully balance
  the potential benefits and possible challenges involved with making use o
 f carbon markets.ObjectiveThis event will discuss the policies and strateg
 ies that LDCs can put in place with the support of their development partn
 ers in order to leverage carbon markets so that they become part of their 
 policy toolkit for the pursuit of sustainable development. The panel is ex
 pected to yield actionable advice and recommendation for LDC policymakers 
 and for the international community.The main findings of UNCTAD’s The Le
 ast Developed Countries Report 2024: Leveraging Carbon Markets for Develop
 ment\, released ahead of COP29\, will be presented and discussed in this e
 vent.Keynote speakerMs. Rebeca Grynspan\, Secretary-General\, UN Trade &am
 p\; Development PanelistsMs. Ragnheiður Elín Árnadóttir\, Director\, 
 OECD Development CentreMr. Evans Njewa\, LDC Group ChairMr. Gabriel Labbat
 e\, Head of Climate Mitigation Unit\, UNEPMr. Perumal Arumugam\, Manager\,
  Intergovernmental Negotiations and Stakeholder Interaction\, Mitigation D
 ivision\, UNFCCC Secretariat https://unctad.org/publication/least-develop
 ed-countries-report-2024\n\nView meeting on unctad.org\nhttps://unctad.org
 /meeting/cop29-trade-and-investment-house-event-leveraging-carbon-markets-
 sustainable-development
DTSTAMP:20260825T005511Z
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