Sustainable Development Goal 13 urges all stakeholders to “take urgent action to combat climate change and its impacts”. Investment in climate change can be broadly categorized into climate change mitigation investments, supporting the reduction of greenhouse gas emissions through cleaner or more efficient energy technologies, and climate change adaptation investments, improving resilience and helping adapt to the externalities created by climate change.
UNCTAD regularly monitors the mainstreaming of the SDGs by IPAs, periodically conducting surveys. Based on UNCTAD’s research and the survey, this year’s edition of the UN Investment Promotion Awards will recognize the work of IPAs in attracting investment for climate action, with consideration of innovative approaches to investment promotion, finance, and partnerships.