Global billionaires only pay the equivalent of 0.5% or less of their wealth in personal income tax. This is all legal. But in my view, it is neither fair nor economically efficient. Tackling #inequality requires #FairTaxation! Read my OpEd in the OECD ➡️ Better Policies for Better Lives Development Report 2024👇

Today is #EarthOvershootDay, when humanity's demand exceeds 🌍's annual capacity. Despite holding steady for a decade, it still falls early in the year. Global Footprint Network reminds us that solutions exist. Cutting CO2 emissions from #FossilFuels by 50% could #MoveTheDate by 3 months!

Ahead of next week's Country Workshop in Fiji 🇫🇯, the Global Shield Secretariat team discussed with WFP Pacific how to align efforts to provide more & better #financialprotection in the Pacific region. Thank you Alpha Bah & team for the fruitful discussion!

Key takeaways from the #GlobalShield workshop in Fiji: ☂️ Strong commitments, tangible outcomes for holistic #climate & #disasterrisk financing ☂️Need for integrating #climaterisk into all planning ☂️ Investing in #resilience to safeguard #vulnerable communities and economies

On #IndigenousPeoplesDay, we honor the vital role of Indigenous Peoples as defenders against #climatechange. Bundesentwicklungsministerium is committed to supporting their contribution to #biodiversity & climate protection as well as to protecting their land rights.

As a region extremely impacted by #ClimateChange, Bundesentwicklungsministerium supported Pacific islands in the past with their climate goals through Regional Pacific NDC Hub.🤝Now handing over the secretariat to the Pacific Community marks the success of this regional cooperation approach. NDC Partnership

The Rep. of the Marshall Islands 🇲🇭 faces significant climate risks, incl. prolonged droughts 🌾, frequent & intense floods due to storm surges 🌪️, and rising sea levels 🌊. This week, the country hosts the first #GlobalShield workshop to respond to financial protection gaps

Key outcomes of the first #GlobalShield workshop in the Rep. of the Marshall Islands 🇲🇭: 🔎 Gaps in financing for #adaptation, financial literacy & innovative solutions 📊 Need to develop tailored disaster response strategy 🌪️ Need to expand #earlywarning communication systems

The winners of the #EquatorPrize were announced by Equator Initiative! They impressively demonstrate how indigenous communities protect biodiversity and make a significant contribution to combating the #ClimateCrisis! Bundesentwicklungsministerium has been a supporter since 2003.➡️ undp.org/blog/indigenou…

Ambitious NDC's are vital for global #ClimateAction 🌍.UN Environment Programme, UN Development, the @NDCPartnership & UN Climate Change are hosting the NDCs 3.0 Regional Fora to support countries shape their pledges. This week: the Regional Forum for Latin America and the Carribean in Bogota 🇨🇴.

Good news from a #EcosystemBasedAdaptation (#EbA) project in Mozambique 🇲🇿, which is supported by the Bundesentwicklungsministerium through the BlueActionFund.👇

Smallholder #farmers in #African countries play a significant role in preserving #ecosystems. To compensate them accordingly, Bundesentwicklungsministerium launched the #CompensACTION initiative. Join our side event at #afsforum2024 to learn more about #climate smart #finance to boost #resilience!

Sustainable urban development in the context of GH2. State Secretary Flasbarth is in Namibia this week to discuss German support for a just energy transition at a major African conference on GH2. The BMZ is supporting sustainable and inclusive urban development in Lüderitz.

Namibia 🇳🇦 is promoting the development of green #hydrogen to advance its sustainable industrialization and to create jobs. With their "Green Industrialisation Blueprint," they show how this can be achieved. Bundesentwicklungsministerium is committed to support #Namibia on this path.

We want to cooperate with #SouthAfrica on the #coal phase-out & the #energy transition in order to make it socially just. State Secretary Flasbarth& Jennifer Morgan Auswärtiges Amt talk to the new government in 🇿🇦 about the #JETP energy transition partnership, among other things.

Global shipping emits more climate gases than the entire country of Germany. Hamburger Senat aims to take the lead in making it more sustainable. In October, we will take the necessary steps together with international partners at the Hamburg Sustainability Conference #HSC2024.

The 🇩🇪-🇮🇳 collaboration on the #energytransition is a success story for everyone involved: India, Germany and the whole world benefit. Because #climatechange can only be stopped if more and more people in India obtain their electricity from renewable energies.

India is facing a boom in renewable energies. India and also Germany are benefiting from this. Minister Svenja Schulze spoke with 🇮🇳 Energy Minister Pralhad Joshi and the 🇩🇪 business delegation about the cooperation on renewable energies and exchange of skilled workers.

This week Svenja Schulze is attending the flagship renewable energy conference #REInvest2024. Bundesentwicklungsministerium is supporting clean energy initiatives through the 🇮🇳-🇩🇪 Partnership for Green & Sustainable Development. One example: solar water pumps for eco-friendly irrigation.🌞💧🌱

At its 3️⃣rd board meeting, the Fund for responding to #LossAndDamage made great progress by approving key arrangements with the World Bank hosting the #FRLD and appointing Ibrahima Cheikh Diong as its first Executive Director 📃🤝 Congratulations to Ibrahima Cheikh Diong👏