OPEC Fund Quarterly - 2023 Q3

SPECIAL FEATURE FROM AROUND THE WORLD

CLIMATE SHARES Climate Shares is an investment platform that allows individuals and organizations to invest in sustainable and impactful carbon reduction projects. The platform provides investors with a diverse range of carbon reduction projects to choose from, allowing them to select projects to invest in based on their individual values and goals. Once invested, investors will own a percentage of the project’s future carbon credits. A carbon credit represents one ton of carbon dioxide (or equivalent) that has been reduced or removed from the atmosphere through a carbon reduction project. One carbon credit can be sold on carbon markets and used by companies or individuals to o ff set their carbon footprint.

consciousness for the environment is still lacking in our education systems, making it challenging to win widespread support for climate initiatives. Overcoming these challenges requires persistent advocacy, education and collaborative e ff orts to ensure that youth-led climate action becomes a unifying force for change. OFQ : Do you think there is a lack of understanding among global policy- makers on how to meaningfully engage youth? JS: Yes, there is often a noticeable gap in political will and understanding among global policy-makers regarding how to e ff ectively engage youth in the development, implementation and reporting of climate action plans. While some governments make e ff orts to be inclusive, these initiatives don’t always reach the most vulnerable youth. Policy- makers may underestimate the unique perspectives and contributions of young people, hindering the full integration of their voices in climate policies. Bridging this gap requires a more comprehensive

involved, whether it’s through grassroots initiatives or joining established organizations. Educate yourself on climate science and solutions, and be relentless in your pursuit of knowledge. Collaborate and amplify your impact by working with like-minded individuals and communities. Remember, change takes time, but persistence is key. Stay inspired, stay resilient and never doubt the significance of your contribution. Together, we can combat climate change and create a more sustainable world for all. OFQ : How is climate change a ff ecting young people's mental health and view of the future? JS: Climate change is undeniably a ff ecting the mental health of youth globally. Exacerbated by extreme weather events and environmental degradation it has generated eco- anxiety and a sense of uncertainty about the future. Many young people

are acutely aware of the challenges they will inherit, leading to a complex mix of fear and determination. However, this adversity has also galvanized a sense of urgency and activism among youth. They’re demanding action and driving innovative solutions, reshaping their views of the future. While climate change poses mental health challenges, it’s also fostering resilience and a commitment to forging a more sustainable world. OFQ : What would you say are the biggest challenges for young people getting involved in climate action? JS: Youth in climate action face several formidable challenges. One major hurdle is the lack of political will and commitment to enact meaningful youth-inclusive climate policies. Often, decision makers prioritize short-term interests over long-term sustainability. Additionally, the movement can be hindered by a lack of inclusivity, with some voices marginalized. A global

and inclusive approach, ensuring that the diverse needs and concerns of all youth, particularly those most vulnerable to climate impacts, are addressed and prioritized in climate action strategies.

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