Seán Canney TD, Minister of State for International and Road Transport, Logistics, Rail and Ports and Leader in Cabinet of the Independent Ministers, has welcomed Government approval for the establishment of a new United Nations Development Programme (UNDP) Sustainable Finance Project Office in Dublin.
The new office will mark the first formal presence of the UNDP in Ireland and will support international efforts to advance sustainable finance, tackle climate change and promote sustainable development.
The UNDP operates in 170 countries, working with governments and local partners to reduce poverty, address inequalities and build resilience against crises.
The establishment of the office in Dublin will also build on Ireland’s strong track record in international financial services.
Minister Canney said the decision was a positive development for Ireland and its international reputation.
“This is very good news for Ireland and another important step in strengthening our role in sustainable finance at an international level.
“Having a United Nations Development Programme office based in Dublin is a significant endorsement of Ireland and the expertise we have developed in financial services and sustainable investment.
“Access to finance is critical in tackling climate change and supporting sustainable development. This office will help mobilise investment to support countries in achieving their development and climate objectives.
“It is a positive development for Ireland and an opportunity to play an even greater role in addressing some of the major challenges facing countries around the world.”
The new Project Office will support the work of the UNDP in advancing sustainable finance and helping to direct investment towards sustainable development and climate action.
Government approval also provides for a funding agreement with the UNDP, with contributions to be shared equally between the Department of Climate, Energy and the Environment and the Department of Foreign Affairs and Trade.
