Tuesday 26 Aug/2025 – 11:22 AM
Dr. Mahmoud Mohy El -Din, the envoy of the Secretary -General of the United Nations for the Finance of Sustainable Development, which is charged with the Secretary -General of the United Nations headed by the experts team to provide solutions to the global debt crisis, stressed that mobilizing financial resources from all sources is a prerequisite for achieving a real transformation towards the green economy, and that developing developing countries can support nationally defined contributions.
Mahmoud Muhyiddin: Filling in financial resources is essential to achieving the transformation into the green economy
This came during his participation in a session entitled “Mobilization of the private sector and financing institutions and voluntary work bodies for a real economic shift and more ambitious national contributions during the Thirty Conference of the Parties” within the opening program of the activities of the Climate Week in Rio de Janeiro, with the participation of Ambassador Tatiana Rossito, Secretary of International Relations at the Brazilian Ministry of Finance, and Najjar Arbadara, the climate leader of the Ninth Parties Conference The twentieth, Marina Grossi, Chairman of the Brazilian Business Council for Sustainable Development, and Ricardo Musa, Chairman of the Sustainability Business Committee at the Thirty Parties Conference.
Muhyiddin called for the necessity of comprehensive mobilization and mobilization of the efforts and contributions of all parties in order to provide adequate and fair financing for climate activities, praising Brazil’s invitation as head of the Thirty Conference of the Parties to all parties to find a package of solutions to accelerate the implementation of the Paris Agreement through coordinated work to achieve climate and development goals.
He said that the integration of the results of the Fourth Conference on Development Financing (FFD4) in the COP30 conference will represent an important step in achieving integration between the climate and sustainable development agencies, the enhancement of obligations on debt sustainability, the expansion of the accessible and the granting of grants, and the reform of global financial governance, adding that political support and activating the recommendations of the United Nations expert team on debt – especially regarding the frameworks of restructuring fair debt Climate and development goals are merged, debt exchanges are encouraged against climate, and the normalization of debt service stops during crises – would put the issue of debt justice at the heart of the goal of achieving climate justice.
Muhyiddin pointed out that $ 1.3 trillion annually by 2035 is the target amount to fill it under the Baku-Pelim road map to meet the new quantitative target on climate financing, while the Climate Policy initiative expects that the annual climate financing requirements will increase steadily from 8.1 to 9 trillion dollars until 2030, and the high-level independent expert team estimates climate financing (IHLEG) the need for 5.8 to 6.2 trillion dollars annually by 2030, including 2.4 to 2.6 trillion dollars in advanced economies, $ 1.1 trillion in China, 2.3 to $ 2.5 trillion in emerging markets and developing economies except China, data confirming the urgent need to mobilize the efforts of all parties to provide the necessary funding just and efficiently.
Muhyiddin stressed the need to reform the climate financing system and development in a manner that guarantees larger and more sustainable financial flows towards real economy projects such as renewable energy, fair transport, natural resource management, enhancing innovative financing through tools such as green bonds and mixed financing, allowing broader participation from the private sector and reducing investment risks.
Muhyiddin stressed the importance of activating mixed financing and risk reduction mechanisms, with the need to repair multilateral development banks (MDBS), and also called for the necessity of developing the work of climate funds such as the Green Climate Fund (GCF), the Climate Investment Fund (CIFS), and the adaptation fund.
Muhyiddin pointed out the importance of developing integrated national financing frameworks (Infs) to link the priorities of the nationally defined contributions to all financing, public and private flows, and the launch of Qatari platforms to align national priorities and integrate them with investment projects, especially adaptation and flexibility projects, as he stressed that national -specific contributions (NDCS 3.0) are investingable by setting an investment map by investing an investment map. For funding contributions.
At the end of his speech, Mohieldin explained that the world is looking forward to the COP30 conference contributes to the immediate transition from pledges to implementation, saying that aspirations alone are not enough, but rather they must be translated into concrete actions that guarantee the desired economic transformation, and achieve integration between climate work and sustainable development
