Global Risks Forum 2025

Risk and Resilience: Addressing the potential impact of corruption on financing for development and climate action

Summary

The event will discuss how anti-corruption tools can safeguard climate action and sustainable development finance outcomes, and actions needed to help set into practice the Pact for the Future and secure funds destined for climate action.

Description

As countries aim to accelerate the realization of climate targets for a sustainable future, risks of corruption threaten to undermine those results. Corruption has the potential to deviate funding allocated for this purpose and to deter climate offset and development programmes, depriving all, but particularly persons in vulnerable situations of a better life. Thus, developing robust oversight and anti-corruption frameworks are essential to safeguard the future of the next generations and to ensure that climate and development finance achieve desired outcomes for those most in need.

This session will build on the momentum achieved over the last year to catalyze a global conversation between climate, international development, and anti-corruption stakeholders to work collaboratively to prevent corruption from undermining climate and development outcomes and fueling environmental crimes. By doing so, the event seeks to address the potential impact of corruption risks on financing for development and climate action. In this way, it is expected to strengthen the role played by the fight against corruption in the full and complete implementation of the 2030 Agenda for Sustainable Development.

Side Event organized by: UNODC, World Bank, Brazil, Colombia, Dominican Republic, Norway, United Arab Emirates, IMF, Green Climate Fund, UNDP, UNCAC Coalition, Transparency International

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To generate additional opportunities for the engagement of all actors, the Secretary-General of the United Nations is convening the Summit of the Future Action Days on 20 and 21 September 2024 at United Nations Headquarters in New York.

Bringing together representatives from Member States, civil society, private sector, academia, local and regional authorities, youth, and many more, the Action Days will provide an opportunity for broad engagement and inclusion. These stakeholders have all played a key role in shaping the Pact for the Future and will be critical to its implementation.

Side events provide further insights and opportunities for multi-stakeholder collaboration.

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