Delivering on super pollutants mitigation

Strategic Finance via a Multi-Partner Trust Fund

Following its adoption in Glasgow, the Global Methane Pledge (GMP), currently at 159 signatories of which 118 are eligible for official development assistance (ODA), has spurred various new initiatives. However, financial support to date has been uneven, unpredictable and project-based, hindering implementation and effectiveness. Although there is some coordination of efforts, having one main investment vehicle would increase efficiency and coherence.

Over the last two decades, the United Nations (UN) Multi-Partner Trust Fund (MPTF) Office, hosted by the United Nations Development Programme (UNDP), has become the centre of excellence in inter-agency, multi-stakeholder pooled funding, allowing its partners to respond to emerging demands with tailored approaches. It is time to consider establishing an MPTF for methane as the main investment vehicle to support ODA-eligible signatories with achieving the transformative change sought by the GMP.