Why is UNDP engaged in Carbon Finance activities?
Assisting developing countries with their efforts to cope with the impacts of global climate change and to create more sustainable, less greenhouse gas-intensive development paths is an important focus for UNDP. In the coming years, major new investments will be needed to tackle the wide range of environmental issues that are central to developing countries’ ability to eliminate poverty and achieve the Millennium Development Goals (MDGs). Through the MDG Carbon Facility, UNDP leverages capacity-development expertise and carbon finance to address these environmental issues, and contributes to sustainable development and the achievement of the MDGs.
