In order to achieve ambitious national climate goals, the use of economic instruments such as crop and climate insurance, taxes, feed-in tariffs for renewable energy and other financial incentives are important enablers. The CTCN is collaborating with relevant stakeholders to support local entrepreneurs, small- and medium enterprises and larger businesses, as well as governmental decision-makers, in identifying these economic instruments. Furthermore the CTCN provides technical assistance for strengthening countries’ capacity to access international financing for climate technology opportunities. Below you will find related publications, partners, CTCN technical assistance, technologies and other information for exploring this topic further.
Economics and financial decision-making
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Suriname is already experiencing the impacts of climate variability and change, manifesting in increased average atmospheric temperatures, diminished annual rainfall, and the potential escalation in the intensity of tropical storms. The country relies heavily on groundwater resources for its drinking water supply, alongside surface water and direct rainfall. However, with the burgeoning economy, particularly in the tourism and agriculture sectors, water demand is projected to double over the next decade.
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The construction industry is currently responsible for more than 23% of the world's greenhouse gas emissions and for 30% of global resource consumption. Maintaining this pattern in this sector, which depends on carbon-intensive machinery and materials, threatens to put the world on a fast track towards a global temperature rise of 3°C or more by 2050 (C40, 2020).
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