Business Daily Media

Business Marketing

THE NDC PARTNERSHIP SUPPORTS COUNTRIES TO LEVERAGE OPPORTUNITIES ACROSS THE WATER-CLIMATE NEXUS

  • Written by PR Newswire
THE NDC PARTNERSHIP SUPPORTS COUNTRIES TO LEVERAGE OPPORTUNITIES ACROSS THE WATER-CLIMATE NEXUS

NEW YORK, March 24, 2023 /PRNewswire/ -- As global leaders come together today in New York for the United Nations 2023 Water Conference,[1] the NDC Partnership is stepping up support[2] for countries to put water at the heart of national economic policies and international decision-making. 

"Increasingly, water is a stumbling block for achieving the Sustainable Development Goals," says Netherlands Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher. "We aim to make water the driver to achieve our ambitions on climate, diversity, equity and prosperity. To do so, we must organize our resources locally and globally. This means changing our approach in two fundamental ways. First, we need to change the focus of water governance and apply a Water Nexus approach. Second, we need to value water for its economic worth and its broader ecosystem benefits. Countries' climate commitments, or Nationally Determined Contributions (NDCs), are critical to the success of this approach." 

We must respond to the call to action from the Global Commission on the Economics of Water[3] that "the world will fail on climate and development, if it fails on water." Supporting water-climate adaptation and mitigation action is a way to implement development, climate and biodiversity goals. The Partnership supports countries to deliver on climate action, decreasing their climate vulnerability related to water and increasing public and private investments in Water-Nexus opportunities. Right now, 90% of countries' NDCs, prioritize action on water for adaptation and roughly all National Adaptation Plans (NAPs) include water and sanitation as a priority sector (UNEP 2022[4]). Yet implementation lags and financing is insufficient to ensure these targets are met.

Building on the momentum of the conference, with the initial financial support from the Netherlands of EUR 5 million, the NDC Partnership will provide technical assistance to countries to enhance the integration of water in formulating, updating, financing and implementing their NDCs. Specifically, the Partnership will provide guidance to countries on opportunities to strengthen NDC implementation through a water-climate nexus approach.

"With initial support from the Netherlands, the NDC Partnership will help countries leverage opportunities across the Water Nexus. We welcome the creativity of our partners like IFAD, in exploring how we can effectively work together on this issue and ask everyone engaged in the Partnership to similarly contribute to putting water at the heart of economic policy making," says Minister Schreinemacher. 

 

References

  1. ^ United Nations 2023 Water Conference, (sdgs.un.org)
  2. ^ NDC Partnership is stepping up support (ndcpartnership.org)
  3. ^ Global Commission on the Economics of Water (watercommission.org)
  4. ^ UNEP 2022 (wedocs.unep.org)

Read more https://www.prnasia.com/story/archive/4051719_AE51719_0

Popular

Exploring the value of financial strategy in small business

A lot of entrepreneurs and small business owners I know and work with are amazingly talented and creative individuals. However, they don’t necessarily have the experience or knowledge when it comes to the financial side of run...

Learning Pathways: A new online tool to create Australia’s benchmark for Excellence

Dementia Training Australia (DTA) has raised the bar for quality dementia care by launching its groundbreaking online tool, Learning Pathways. The innovative platform sets the standard for best practice and empowers individual...

How To Kickstart Your Productivity For Better Business

Whether you work for a large company or run your own business, maximizing productivity is essential in the workplace. Unfortunately, most people do not realize how much they put into their work and how little they get back in ...

Virtual Office
Tomorrow Business Growth