UNDP launches new initiative with mayors to boost solar energy

Mayors from eight countries have joined forces with UNDP on a new initiative to boost financing for solar energy.

  Lisbon, 18 March – The United Nations Development Programme (UNDP), together with mayors from eight countries - Moldova, Serbia, Georgia, Tajikistan, Croatia, Somalia, Lebanon and Portugal - today launched a new initiative to boost financing for solar energy in cities across the world. The Solar Mayors platform will connect cities around the topic of energy transition and production of solar energy in urban contexts. Functioning as an online community, the platform represents an opportunity for Mayors to learn about the latest trends in the industry, share best practices, and collectively promote citizen engagement. The platform encourages peer-to-peer learning and cooperation with the private sector and NGOs, two factors recognized ...
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The future is here: Supporting social innovation in Turkey


  Many people around the world say they don't contribute to social causes for fear that their contributions will be wasted. So how is it that a board game on Kickstarter mangadom managed to collect over $12 million in funding , with almost 20,000 pledges? That's the beauty of crowdfunding: people from all walks of life supporting a cause they believe in. We at UNDP's AltFinLab campaigns understand that crowdfunding is about more than collecting money — that we achieve the best results when we apply the platform approach to crowdfunding . It helps us diversify funding, involve the right people, and mobilize experts from all walks of life. In Turkey, the situation is different. People do not engage with charity or donations as frequently...
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New technologies and finance to promote sustainable development in a changing world


Panama, August 31, 2018- With a financing gap of 2.5 billion dollars to implement the Sustainable Development Goals and two out of every six people in the world without access to a formal bank account, innovative financial mechanisms represent an alternative to close the financial gap and promote sustainable development. This is said by the team of experts in alternative finance of the United Nations Development Program (UNDP), Marina Petrović and Robert Pasicko. They run the Alternative Finance Lab (AltFin Lab), an initiative created in 2016 to explore and take advantage of new financial technologies and mechanisms to access investment. "Due to the increasingly changing world of today, governments, citizens and development actors must adap...
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How to turn development organizations in development platforms?


​ Hardly a day goes by in the development world without hearing the term "platform". Like in the business world, it's becoming harder for any development organization to provide a single service or product that will make broad impact. Airbnb doesn't build homes, it creates a network that brings together host and guest. Likewise, it's impossible to eradicate poverty – a complex phenomenon – without connecting different areas of expertise and partners across a wide range of thematic issues. And it's often the case that the people we're trying to pull out of poverty are closer to the problem and entitled to have a say about the solution. While building platforms doesn't happen overnight, it's highly likely you're already working in ways that r...
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There are risks in doing something new, but there might be even more risks in doing the old!


Impact bonds , one of the pay-for-success financial mechanisms bringing impact investors, private, public and third sector organizations together to solve social and development issues, have recently faced some criticism about their complex nature, which can lead to a long design phase and high related transaction costs. We, at UNDP Istanbul Hub and Finnish Innovation Fund Sitra , put our heads together and thought about the challenges around impact bonds. There was a mutual understanding that what comes to preventing and solving wicked societal problems, the impact is achieved together – the core idea and benefit of impact bonds. Sitra has been using co-creation as a mechanism to boost the design of social impact bonds (SIB) in Finland and...
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