FEATURES

Bhutan’s Journey Toward Prosperity

From my perspective, working in climate finance, the Bhutan Resource Mobilization Plan (BRMP) is not simply about mobilizing more resources; it is about mobilizing the right kind of resources. Bhutan’s comparative advantage lies in its hydropower potential, vast forest cover, and strong environmental stewardship under the philosophy of Gross National Happiness. The plan strategically leverages these assets through energy exports, carbon market participation, and emerging instruments such as green bonds and a national climate fund to generate predictable and sustainable revenue streams.

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Ghana Scales Carbon Market Leadership to Drive Development

Ghana has established a National Carbon Registry to collect, verify, and track emissions data and carbon market transactions. It has also created a Carbon Market Office to provide administrative and technical support for the implementation of both the international carbon market and non-market approaches.

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Pacific Nations Embrace Regenerative Farming as Climate Threats Mount

Samoa, Tonga, and Vanuatu have secured a five-year climate adaptation project worth US$43.7 million through the Green Climate Fund (GCF), a critical step toward transforming how Pacific communities grow food in the face of accelerating climate change. The funding will drive large-scale investments across agricultural production systems, unlocking new pathways to long-term food security, improved nutrition, and expanded livelihoods across the three nations.

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Africa’s Great Vision: Water for All

Africa takes on a greater mission to advance water security and community resiliency through the Africa Water Vision 2063 and Policy, under the leadership of the African Union Commission and the African Ministers’ Council on Water. This blueprint values water as a strategic asset in pursuing continental security and advancing economic power.

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From Policy to Practice: Institutionalizing Climate Resilience in Pakistan’s Fiscal Framework

In the corridors of the Ministry of Finance, the conversation around fiscal policy has shifted dramatically. A few years ago, “climate resilience” was often treated as an environmental concern, relegated to line ministries. Today, having managed the USD 1.4 billion Resilience and Sustainability Facility (RSF) over the last two years, I see it differently: climate risk is a macroeconomic risk, and our fiscal sustainability is intrinsically linked to how well we prepare for the climate reality.

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Youth Climate Leadership in Action: Building Pakistan’s Voice for COP30

The CVF-V20 Secretariat convened a Youth Roundtable on Climate Non-Negotiables in Islamabad, Pakistan, on September 17, bringing together youth leaders, climate advocates, and representatives from the Ministry of Climate Change and Environmental Coordination, academia, and civil society. The dialogue, organized in collaboration with the Institute of Regional Studies (IRS), served as a national platform for youth to reflect on Pakistan’s recent climate catastrophes and define priorities for the upcoming COP-30 in Belém, Brazil.

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Jordan Unveils Long-Term Climate-Resilient National Health Roadmap 

The Hashemite Kingdom of Jordan launched its ten-year National Climate Change Health Adaptation Strategy and Action Plan (HNAP), joining the roster of first countries to climate-proof its health systems. The comprehensive roadmap, spanning from 2024 to 2034, outlines Jordan’s strategic response to climate-related health risks across seven priority areas—airborne and respiratory diseases, water- and food-borne illnesses, vector-borne diseases, nutrition, heatwaves, occupational health, and mental health.

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V20 Central Bank Governors Working Group Organizes a Technical Committee on Climate Shocks and Balance of Payments

The Study Visit in Manila on August 26 bore much fruit as members of the V20 Central Bank Governors Working Group agreed to create a Technical Committee on Climate Shocks and Balance of Payments. The Study Visit aimed to strengthen technical collaboration and innovation among CVF-V20 central banks, focused on integrating climate risks into macroeconomic analysis and modeling tools in support of climate prosperity.

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PH Completes In-Country Consultation and Stocktake in the Global Shield Implementation

The Republic of the Philippines continues to make strides as a country pathfinder under the G77-V20 Global Shield against Climate Risks initiative after completing the in-country process and stocktake, led by the Climate Finance Policy Group of the Department of Finance (DOF) and the Institute for Climate and Sustainable Cities (ICSC). Progress is underway for the gap analysis, bringing the country closer to developing its request for Climate and Disaster Risk Finance and Insurance (CDRFI) support.

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