These two draft guides – one on investment and one on trade – emphasize the complementary role of trade- and investment-related policies in creating the conditions for channelling investment, technology, goods and services to support the energy transition and mobilize capital flows for sustainable investment and greener economies in developing countries.
The guides are part of UN Trade and Development’s (UNCTAD) deliverables under the Baku Initiative on Climate, Finance, Investment and Trade (BICFIT) Dialogue, set to launch at the 29th UN climate summit (COP29), taking place from 11 to 22 November in Baku, Azerbaijan.
They aim to support countries to advance their Nationally Determined Contributions (NDCs) under the Paris Agreement.
These national climate plans outline how each country plans to reduce greenhouse gas emissions to help meet the global goal of limiting temperature rise to 1.5C and adapt to the impacts of climate change. The Paris Agreement requires countries to update their NDCs every five years with increasingly higher ambition, taking into consideration each country’s capacity.
The next round of NDCs – “NDCs 3.0” – are due in early 2025 and will lay out countries' intended climate actions through 2035.
Disclaimer
The guides are zero drafts. They will be updated based on comments, lessons learned from country pilots and consultations with stakeholders. The findings, interpretations and conclusions expressed herein are those of the author(s) and do not necessarily reflect the views of the United Nations or its officials or Member States. Mention of any firm or licensed process does not imply the endorsement of the United Nations. This document has not been formally edited.
