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Wednesday, September 28 • 9:00am - 11:00am
(REF 26162) PART 3 - NET Zero Cities: 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 Africa

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

CITIES:  A call for high-quality, harmonized, reliable, and comparable climate-related data with standardized guidance to reduce emissions in cities.

Click here to join: https://us06web.zoom.us/j/82664496959

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 information 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 scaling up 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. There is also evidence of countries supporting projects that can 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.

Question to be addressed: -

(a) What is the potential for Positive Energy Districts replication in African cities?
(b) What is the potential of AI, transport, and GHG emissions: evidence from Brussels?
(c) Cities in Africa - what is the potential for NET Zero?



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


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 →

avatar for Adam Hearn

Adam Hearn

PhD Candidate, University of Basel
Adam X. Hearn is a researcher finalizing his PhD at the University of Basel's Sustainability Research Group as part of the SMART BEEjS (Promoting the Local Fight Against Global Climate Change by Building Efficiency and Energy Justice for Sustainable Living) Horizon2020 Marie Sklodowska-Curie... Read More →
avatar for Lidia Aviles H.E.

Lidia Aviles H.E.

EU Climate Pact Ambassador, EU Climate Pact
EU Climate Pact Ambassador |MiT Sustainability Certified|Cambridge Teaching Certified | Vetted Sustainability Expert |International Affairs, Law, International Business Specialized |Business Law & Business Ethics Professorship |Sustainability, Metaverse, and Space Travel Scholar... Read More →
avatar for Geraldine Mahoro

Geraldine Mahoro

Grant Manager, African Development Bank (AfDB)
"Gérardine Mahoro is currently managing the African Development Bank (AfDB) GONAT Grant. The fund aims to support countries in improving Natural Resources exploitation impact and human development through their management and governance.Being also an entrepreneur, she founded ACT05... Read More →
avatar for Josephine Pallandt

Josephine Pallandt

Principal Reos Partners, Reos Partners
Josephine Pallandt has a rich 20-year journey in sustainability and system change. She designs and hosts collaborative system change processes and transformational learning experiences. Josephine believes our current society consists of multiple systems in crisis that are far too... Read More →

Wednesday September 28, 2022 9:00am - 11:00am EDT