financial regulation

‘BUILD’ a Better Future: The Intersection of Blockchain and Climate

Polygon believes blockchain sustainability is about more than operating responsibly. They see blockchain as a technology that has the potential to support and scale lasting positive impact on the world. In this session, Sustainability Lead Stefan Renton, will share Polygon’s plans to become a vehicle for climate solutions and its wider net-positive mission.

Register here!

This event is being held as part of The Nest Summit Campus 2022. Partnering with industry leaders to create an inspired, central destination for climate action is at the core of what we do. The Nest Summit Campus, official event partner of Climate Week NYC, brings together like-minded organizations and individuals to educate, inspire, drive change, and spark climate action among businesses, government officials, academia, NGOs, and consumers.

It’s all happening at the Javits Center during Climate Week NYC (September 19 – 23, 2022).

For the full agenda and schedule of events of The Nest Summit Campus, visit here.

Organizers: When like-minded organizations join forces with similar goals and desires – great results happen. This how The Nest Summit was born. Created to advance sustainability, The Nest was founded in 2019 by supporting organizations The Javits Center, NYC & Company, and the Climate Group. The inaugural event attracted many organizations eager to share their important research and proved to be a successful networking center during Climate Week NYC. The Nest Summit is now a proud event partner of Climate Week NYC and is honored to contribute to the mission of expanding climate action here in the U.S.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com.

NGO Committee on Financing for Development monthly meeting

Dear NGO Committee on FfD members & interested NGO colleagues,

The next  NGO Committee on Financing for Development meeting will take place by Zoom on December 8 from 1:00 – 3:00 pm EST.  The agenda and minutes of the meeting are posted to the meeting folder, which can be accessed here. Additional documents will be posted over the weekend. Kindly review the documents before the meeting. 
The Zoom invitation is included below. After registering, you will receive a confirmation email containing information about joining the meeting.
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CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

Revisiting Financing for Development

In preparing to mark the 20th  anniversary of the first United Nations International Conference on Financing for Development held in Monterrey, Mexico in March 2002, a process that promised so much, it is only prudent to reflect on the history of the Financing for Development (FfD) processes, especially considering the negative impact of the COVID-19 pandemic on efforts to curb the widening of the gap between the rich and poor, both within and among countries. During these trying times, the poor and the most vulnerable are left at the mercy of ineffective regional and global policies. We are also witnessing the erosion of personal freedoms, even within the so-called bastions of democracy. Individual and corporate greed seems to be dictating the direction of these financial policies.

In light of the pandemic and a looming global recession, the UN Secretary-General Antonio Guterres sounded the alarm: “We must act quickly and decisively to protect people and strengthen societies in the face of this shock, which comes on top of a global climate emergency, soaring inequality and growing discontent with the economic and social order in general.”

The premise of the FfD process has been to eradicate poverty, achieve sustained economic growth and promote sustainable development in an inclusive and equitable global economic system. There needs to be a systemic transformation of the global financial architecture and global division of labor towards achieving a just, green, equitable and gender-sensitive recovery in the current and post-COVID-19 scenario.

Financial regulations that turn a blind eye toward tax-havens are indicators of the extent to which the privatization of wealth has generated today’s culture of shortsightedness. Morality is not arbitrary. The well-being of our planet and its 7.5 billion human inhabitants require a readjustment of perspective that justly distributes wealth, recognizing that shared prosperity sustains life.

As civil society organizations, we have the moral obligation, the responsibility and needed insights, and opportunities to join in advocating to change this narrative. This moment calls for a greater vision of the world that ought to be, than the empty promises of our current global social compact.  This is the time to join forces to remove the malignant growth of addiction to individual/private gain/profit and promote communal gains and wellbeing by advocating for financial structures that support collaboration, transparency, and accountability.

We, as civil society, have the ability and insight to change the narrative. Let us start by reviewing our individual and collective roles and the prospects of the FfD process to invigorate our plan of action to bring about the change for which we have been clamoring.

Register here!

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, an official Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations, please visit ngosonffd.org. Likewise, for more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. 

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