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Tuesday, September 27 • 9:00am - 11:00am
(REF 26162) Part 2 - Project Entities / Agencies: A call for high-quality, harmonized, reliable, and comparable climate-related data with standardized guidance to boost investor confidence and generate financial investment flows to Africa. Convened by NET

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https://us06web.zoom.us/j/81148957998


Science Summit at United Nations General Assembly - UNGA77 13-30 September 2022
Theme: Climate Adaptation 

The private sector and civil societies in Africa requires high-quality, harmonized, reliable, and comparable climate-related data with standardized guidance to boost investor confidence and generate financial investment flows to Africa.

Click here to attend: https://us06web.zoom.us/j/81148957998 

Inclusive scientific-data collaborations through education and training workshops, seminars, and conferences between developed and developing countries to address skill gaps on the issue of collecting, analyzing, and reporting high-quality, harmonized, reliable, and comparable statistics on climate-related data is critical but is a challenge as the harmonization of existing data is a work-in-progress. Therefore, to boost investor confidence and enable long-term climate finance investment flows for green finance, there is a need for more inclusive science-based training workshops to keep track of rapid changes to applied practices and methodological approaches in GHG emissions accounting. The rapid deployment of methodologies for monitoring and reporting climate-related data for climate risks and for the scaling up of green finance has revealed capacity gaps between developing and developed countries. These skill gaps need to be addressed. The universal effort to address this issue has primarily focused on the high-income countries that account for over 80% of global emissions with little attention to developing countries. At present, Africa only contributes 4% of global CO2 emissions. However, Sub-Saharan Africa is projected to become the most populous of the eight geographical regions of the world increasing energy demand; increasing their wealth through GDP growth, and increasing inter-trade. For example, in 2019, the African Continental Free Trade Agreement came into effect, creating the largest free trade market in the world. Africa’s current emissions are projected to increase from 4% to 8% by 2050. At the highest end of the analysis, 20% of CO2 emissions by the end of the century. The purpose of this session is to facilitate a dialogue on initiating a road-map for inclusive scientific-data collaborations between financial, scientific institutions, academia, and industry in developed and developing countries (governments, banks, companies, and civil society) on the issue of high-quality, harmonized, reliable and comparable on climate-related data with standardized guidance as the critical component to enable forward-looking data assessments on climate-related risk to mobilize long-term capital for green and low-carbon investments.

Why is it so important to harmonize climate-related data? 
It is important to harmonize climate-related data to boost investor confidence, enable forward-looking data, and enable the mobilization of funds to Africa to address climate change. After another year of life-threatening temperatures and extreme weather disasters, wealthy developed countries are under pressure to make good on their promise to mobilize US$100 billion a year to help poorer countries deal with climate change. A new report from the Intergovernmental Panel on Climate Change, released on Feb. 28, 2022, provides more evidence of what billions of people are facing: Developing countries that have contributed the least to climate change are suffering the most from it, and the damage is escalating. Coastal areas in Africa are losing land to rising seas. Flooding from extreme storms is wiping out people’s livelihoods. Heat waves are harming people who have no access to cooling, killing crops, and affecting marine life communities rely on. It is unclear how much impact the climate finance already flowing to these countries, estimated at $79.6 billion in 2019, is having. There is an overwhelming lack of climate-related data, as well as evidence that countries have been supporting projects that could harm the climate with money they count as “climate finance.” Actions by European countries also include the development of Climate Smart Cities to reduce emissions as well as the global financial community working together to harmonize climate-related data.

QUESTIONS TO BE ADDRESSED: -

SESSION 2: PRIVATE SECTOR/ AGENCIES' 

(a) Destination Earth (DestinE): An introduction to a new initiative by the European Union to track complex environmental challenges and gather harmonized data.


(b) E-mobility firms racing to NET Zero in Kenya - how do these firms harmonize climate-related data?

(b) GHG emissions data in the construction industry in New York - lessons for Africa.

(c) GHG emissions data and Food waste in Agribusiness - a discussion of approaches.

 
POLICY IMPLEMENTATION

We discuss what is the way forward – (policy).
-Data standards
-Data quality
-Data Assurance and Audits

- AI as a policy approach
 


   

Moderator
avatar for Fadeke Ayoola

Fadeke Ayoola

CEO, NET Africa & AgriFund Management Center
I specialize in natural resource economics. Natural resource economics is a trans-disciplinary field of research within economics that aims to address the connections and interdependence between human economies and natural ecosystems. Its focus is on how to operate an economy within... Read More →

Speakers
avatar for Thandie Bubala Hamaimbo

Thandie Bubala Hamaimbo

Assistant Dean (Undergraduate studies)/Food Science and Human Nutrition Professional, University of Zambia
Thandie Bubala Hamaimbo is a Food Science and Human Nutrition professional.  She holds a Bachelor of Food Science and Technology and a Master of Science in Human Nutrition from the University of Zambia.  Prior to her career in academia, she worked as a Cash Management Officer at... Read More →
avatar for Mercy Kimani

Mercy Kimani

CEO & Founder, Chaqula
I am passionate about Nutrition knowledge application in the daily diet - farming practices that rejuvenate the soil and access to healthy nutritious foods conveniently. I have worked with farmers on organic farm input methods since 2004 and I believe Health is our Greatest Wealth... Read More →
avatar for Jesse Nyokabi

Jesse Nyokabi

Engineer, Quaise Energy Africa
Service to humanity through ImPPPact Global Alliance towards the implementation of the Sustainable Development Goals ( SDG) through People-First Public-Private Partnership ( PPP) infrastructure projects. Am looking forward to engaging with various stakeholders on how they can identify... Read More →


Tuesday September 27, 2022 9:00am - 11:00am EDT
Online
  Data / AI, Policy