Sustainable Financing for Climate Adaptation: Mexico's Innovative Approach

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Mexico's Ministry of Finance is pioneering sustainable financing for climate adaptation through policy instruments like the Sustainable Taxonomy. The country's focus on mobilizing financing for adaptation, in line with NAPs and NDCs, showcases a unique global leadership in incorporating social objectives across economic sectors.

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Adaptation Financing through NAPs and NDCs: Mexico Experience THURSDAY, JULY 6, 2023, 9:00AM-10:30AM, EDT Alejandro Camacho, Director of Sustainable Financing, Ministry of Finance and Public Credit

The Ministry of Finance is working on developing policy instruments to mobilize financing for Adaptation Policy Instruments from the Ministry of Finance National level The General Law of Climate Change (2012) The Inter-Ministerial Commission on Climate Change (Adaptation Working Group) The Paris Agreement (NDC: mitigation and adaptation) Strategy Finance Public Budget: Cross-cutting annex on climate change (adaptation mitigation and adaptation) Sustainable Taxonomy for the Mobilization of Climate vulnerabilities Financing Socioeconomic gap

The Sustainable Taxonomy is unique at a global level and the first one to incorporate social objectives ECONOMIC SECTORS Mitigation Gender equality 1 3 Agriculture and forestry Energy and water Manufacture Transport Adaptation 2 Cross-cutting across all sectors of the economy Construction Waste management Gender Equality Index Catalogue 124 activities