This document discusses low-carbon development and the transition to a green global economy. It notes that investment decisions now will affect targets for reducing greenhouse gas emissions by 2050, and that action on climate change now will be cheaper than inaction or late action. Low-carbon growth refers to sustainable economic growth that helps reduce emissions while creating new jobs in green technology and clean energy. The UNDP can assist countries in developing low-emissions strategies and policies to transition to low-carbon economies that reduce poverty and drive sustainable development.

1. Low-carbon development, the future of the humankind Daniela Stoycheva, Climate Change Policy Advisor BBL – Bratislava – 15 April 2011

2. Post 2012 international climate change regime: Entering into new era of green global economic growth, through significant mitigation of GHG emissions and generating funding for mitigation and adaptation actions and thus creating new investment opportunities

3. Low-carbon growth The transition to a low carbon world will transform our whole economy, the way we all live and work Investment decisions now will affect 2050 targets, action now is cheaper than inaction or late action Low-carbon (green) growth refers to sustainable growth, which helps reduce greenhouse gas emission as well as other environmental pollution Low-carbon growth is a new national development paradigm that creates new growth engines and increase of green jobs, green technology and clean energy 3

4. UNDP has climate change and development mandate and thus has an important role to play in the post 2012 climate change regime, when all the countries have to undergo a process to low carbon growth and building of greater resilience to climate change.

6. Drafts of LEDS in Kazakhstan and Moldova, initiated in Uzbekistanhttp://europeandcis.undp.org/home/publications/

7. NAMAs – abatement potential and cost

9. The goal in accordance with the GHG reduction commitment

10. GHG emissions scenarios

11. Assessment of the sectors of the economy and their reduction potential (incl. toward changed climate)

12. Possible measures in different sector and cross sectoral

13. Estimation of the financing needs, and economic impacts ofShifting to low-emission development paths Mechanisms for achieving it: investment, incentives, financial and economic policy initiatives (international support) Consult and raise awareness for informed national consensus for policy actions and new investments 7

15. establish a legal and regulatory framework

16. Accumulate experience from other countries as well as national demonstrations and pilots

17. Assure adequate monitoring system

18. Push forward low emission economic development in an systematic manner, so that a sustainable and low carbon future can be shaped8

19. Possible other follow up for UNDP to support the countries Enhancing the capacities to monitor and report on climate change actions (MRV) preparation of national communications – 2 years Supporting participation in old and new flexible mechanisms; Training and public awareness, with special focus on youth, women and indigenous peoples, and Possibly others after the agreement is finalized.

20. THANK YOU ! daniela.stoycheva@undp.org