1. WIF Updates
1.1 Energy transition calls for faster investment treaty reforms
To reach net zero emissions by 2050, annual clean energy investment worldwide needs to more than triple to $4 trillion by 2030. However, many investment treaties, especially older ones, can hinder the transition. As countries try to cut ties with fossil fuels, oil and gas firms might use these treaties to challenge policy changes.
UNCTAD presents a new toolbox to make international investment agreements actively support the shift from fossil fuels to renewable energy sources. For more…
1.2 UNCTAD's 8th World Investment Forum partners with COP28 to advance dialogue on climate finance and investment
UNCTAD’s eighth World Investment Forum is partnering with the COP28 UN climate summit and other key entities to advance dialogue on climate finance and investment. The global dialogue, to be held on 15 and 16 October, will address the theme of accelerating a just energy transition in transport systems. Discussions will focus on identifying challenges, barriers, and roadblocks in the transition, on developing actionable solutions and innovations for policies, institutional arrangements, finance, and technologies, and on exploring opportunities to direct finance flows toward the implementation of mitigation projects on the ground. For more…
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2. WIF Sessions Spotlight
2.1 Financing the Just Energy Transition Partnerships: Perspectives from Vietnam, Indonesia, South Africa (a joint event with ESCAP and UNECA)
Date: October 16, 2023
Time: 11.00-12.30
Adopting low-emission technologies lags in most developing countries, particularly least developed ones, resulting from limited finance, technology transfer, and skills. The Just Energy Transition Partnership (JETP) provides innovative lessons in designing and executing financing for the region's energy transition. For more…
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2.2 Industry 4.0 and the Future of Global Investment
Date: October 17, 2023
Time: 9.45-11.15
Industry 4.0 is transforming the industrial landscape and has important implications for countries’ efforts to attract investment for development, participation in global value chains, and industrialisation prospects. While Industry 4.0 offers many opportunities, it comes with significant challenges and risks. For more…
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2.3 Investment, Trade and Enterprise in the Circular Economy
Date: 18 October, 2023
Time: 11.00-11.45
The circular economy, a strategy based on extending the useful lives of products and materials, is becoming more significant as a way to advance the SDGs relating to the environment and climate, and models of the circular economy can open up new possibilities for firms and entrepreneurs. This session will showcase successful examples of circularity, as well as policy initiatives that have succeeded in catalysing circular business models. For more…
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3. Investment News roundup from elsewhere
3.1 India’s blended finance landscape
A Times of India article points out that despite a notable increase in India’s social spending primarily driven by public expenditure, the country falls 13 percent short of GDP of the estimated total annual funding required to achieve the United Nations SDGs by 2030.
The session “COP28 Global Dialogue and Investment Focused Events” in partnership with COP28 at WIF as a parallel event will address the issue of sustainable climate finance options and SDGs, and the way forward.
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3.2 Petrobras Signs Agreements with Chinese Banks on Low-Carbon Investment
A www.marketscreener.com report says that Brazilian oil company Petrobras has entered into an MoU with the China Development Bank and Bank of China to study investment opportunities in low-carbon and green finance initiatives. This MoU is expected to prepare the company for more sustainable future claims sources in the Petrobras.
The WIF session on “Carbon Markets” will connect impact investors, heads of investment promotion agencies, heads of international organisations, and other stakeholders. This year’s edition of WIF, organised by UNCTAD biennially includes various focused tracks on promoting climate finance and investment.
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3.3 Investment Fuels Africa’s Sustainable Growth
The International Finance Corporation (IFC) has injected a historic sum of $11.5bn into the African continent during the fiscal year 2023 according to a report in www.solarquarter.com. This monumental investment by IFC aims to expedite Africa’s transition towards clean energy, foster eco-friendly manufacturing practices, enhance intra-African trade, fortify small-scale enterprises, and elevate local food production.
Dedicated events on the sustainable growth of African Countries have also been given a dedicated platform at the WIF. The session on “The AFCFTA Protocol on Investment: Towards a New Generation of Investment Policies in Africa” at the WIF opens a scope to facilitate a multistakeholder collective action to stimulate investment for development around the globe including Africa.
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3.4 WAIPA members at the forefront of FDI- Catching up with Invest Minas
One of the major trends in international investment has been the turn to technologies and projects that promote decarbonisation because the world needs to grow in a sustainable way, says Joao Paulo Braga, CEO, Invest Minas, Brazil in a video chat. The state of Minas Gerais in Brazil since 2019 could attract almost $50bn in investments mostly in critical minerals lithium and silicon, Braga adds.
The WIF will bring together more than 7,000 participants, including from WAIPA, from across the world and among other issues discuss investments for a transition to strategic minerals for decarbonisation.
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