Triple Impact Through Focused Outcomes and Structured Activities
Announcement at COP26 from the Climate Investment Coalition of US$130 billion in commitments from Nordic and UK pension funds to invest in climate before 2030, from left to right: Bárður á Steig Nielsen, Prime Minister of the Faroe Islands; Sauli Niinistö, President of Finland; Stefan Löfven, Prime Minister of Sweden; Katrín Jakobsdóttir, Prime Minister ofIceland; Múte B. Egede, Premier of Greenland; Mette Frederiksen, Prime Minister of Denmark; Jonas Gahr Støre, Prime Minister of Norway.
The World Climate Foundation develops impact platforms for year-round cross-sector collaboration and purpose-oriented annual events that generate measurable impact towards achieving global climate and biodiversity goals, sector transformation and increased individual member ambition and action.
Through engaging our key community stakeholders from across the global climate, biodiversity and health arena, the World Climate Foundation facilitates the mainstreaming of policies and frameworks at all levels of governance - from the local to the global, from the private to the public sector.
The World Climate Foundation drives and facilitates the necessary multi-sector collaboration to accelerate partnerships and investments in green economy, Nature-based Solutions and technological innovations, tackling both biodiversity loss and climate change while creating economic opportunities.
Through collaboration between private and public sectors with governments and policymakers, our platforms provide opportunities to consolidate and implement global regulations and frameworks aiming at mitigation and adaptation to climate change, conservation and restoration of biodiversity, as well as developing and enhancing global pandemic prevention measures.
By connecting key investment accelerators, asset owners and development banks with solution providers and developers, we work on accelerating the necessary climate and nature finance to achieve the targets of the Paris Agreement, the new Global Biodiversity Framework and the upcoming global pandemic treaty. This approach mitigates the risk of stranded assets and creates new business opportunities with positive outcomes for nature across various sectors.
Our Networks offer valuable insights into the transition plans necessary for sustainable development of industries. Our summits and other partner activities provide a platform for industry leaders to collaborate and develop on joint solutions and innovations for a faster transition to a net-zero and resilient economy.
One of the major purposes of our work is to support and lead our members and partners in their transition to net-zero and nature-positive.
The World Climate Foundation’s impact platforms are set to help private and public organisations to create and strengthen their commitments and tangible action plans to tackle the climate, biodiversity and health crisis around the world while promoting partners active engagement in creating green and resilient economies.
We use a carefully curated three-tiered framework on the four main drivers for change to attain higher joint ambition, new innovative partnerships and focused outcomes between public and private stakeholders.
The transformation from fossil fuels to renewables is crucial for reaching the 1.5°C target. Yet, investment levels are still far too low to increase the production capacity to anywhere near what is necessary, especially in emerging markets. KLP is investing in renewable infrastructure globally and has until today contributed to financing the construction of nearly 50 new renewable power plants. We are committed to continuing these investments with around US$600 million annually. We expect these investments to continue generating attractive returns and have a strong climate impact.
Heidi Finskas, Vice President Corporate Responsibility, KLP
We use a set of proven tools in order to achieve our outcomes, applying structured year-round stakeholder engagement, creating market-focused partnerships and coalitions, using sector-based transition targets and pathways, as well as hosting outcome-oriented annual summits.
Our roadmap of activities is closely aligned with the annual UNFCCC COP (Climate) and the UNCBD COP (Biodiversity) priority action areas, as well as the Race To Zero campaign and Marrakech Partnership for Global Climate Action.