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Blog Posts: climate finance

  • 4 Ways the Green Climate Fund Can Make Its Investments Count

    The Green Climate Fund (GCF) has big ambitions: It aspires to become the main global fund for providing climate change finance, contributing to activities like the design of resilient cities and the expansion of low-emission power generation.

    While the GCF Board should be ambitious and innovative, they can also look to what’s been done before. Drawing knowledge from the experiences of other critical climate and development funds is one way to ensure that the GCF succeeds.

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  • 2 Messages for the Green Climate Fund on Supporting “Readiness”

    Readiness is a hot topic for the newly established Green Climate Fund (GCF), as it heads towards its 6th Board meeting in Bali, Indonesia next week. At the meeting, the Board is expected to make a decision on what the GCF’s readiness program will look like. It will likely be narrow in focus, which makes sense based on its limited funding and timeframe. Yet as the GCF moves forward, it is important to remember countries’ broader readiness needs and to be flexible in finding the right institutions to channel funds in the short term.

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  • A Climate Change Reality Check

    The world spent $50 billion dollars per year on weather-related disasters in the 1980s, according to the World Bank. Today, we spend roughly $200 billion annually. Twenty-five extreme weather and climate events in 2011 and 2012 caused more than $188 billion of damages in the United States alone. And yet—despite these escalating costs and risks—the world continues to emit dangerous amounts of greenhouse gases.

    It’s time for a climate change reality check.

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  • 4 Insights on Unlocking Finance for Clean Energy Access in Africa

    Alex Doukas discusses outcomes of a financing clean energy access workshop in Africa, and how social entrepreneurs could be part of the clean power solution.

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  • A Business Case for Building Climate Resilience

    This is the final installment of WRI’s blog series, Adaptation and the Private Sector. Each post explores ways to engage the private sector in helping vulnerable communities adapt to the impacts of climate change.

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  • High Hopes for the Green Climate Fund: 5 Messages on Private Sector Engagement

    Climate change mitigation and adaptation investment needs are urgent, significant, and growing. The world will need to devote trillions of dollars into clean energy, sustainable transport, and other green infrastructure to limit global temperature rise to 2 degrees C and prevent the worsening effects of climate change. Private sector investment will be critical to achieving the type of low-carbon, climate-resilient growth necessary to secure a sustainable future.

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  • 2 Big Issues to Tackle as the Green Climate Fund Sets Up Shop

    The world will need to spend an estimated US$5.7 trillion annually in green infrastructure by 2020 in order to limit global temperature rise to 2 degrees C. This week, it took a step toward creating an institution – the Green Climate Fund – that will be pivotal in achieving this goal.

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  • Micro, Small, and Medium Enterprises: Key Players in Climate Adaptation

    In most developing economies, Micro, Small, and Medium Enterprises (MSMEs) employ up to 78 percent of the population and account for approximately 29 percent of the national GDP. Their presence in communities throughout the world– big and small, rural and urban – allows them to get products and services to hard-to-reach populations. This market concentration and high level of employment means MSMEs are in a good position to contribute to making vulnerable populations more climate-resilient.

    But while MSMEs can assist in helping vulnerable households adapt to climate change, they are also extremely vulnerable to the impacts of a warmer world, such as intensification of precipitation and shifts in water availability. It’s important that MSMEs overcome these challenges and capitalize on their unique business opportunities in ways that help vulnerable communities adapt to climate change.

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  • 3 Ways Multinational Corporations Can Help Vulnerable Communities Adapt to Climate Change

    Multinational companies (MNCs) typically have operations and supply chains in many parts of the world. The way they respond to climate change, therefore, can affect many populations, including poor communities in developing countries, where many people are especially vulnerable to heat waves, sea level rise, and other climate change impacts. MNCs sometimes find themselves in tension with local groups and the environment, but they can also play an important role in making these communities more climate-resilient.

    Here are three ways that MNCs can contribute to climate change adaptation in developing countries:

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  • COP 19 Made Small Steps Forward, but We Need Bolder Leaps

    This year’s climate negotiations in Warsaw, Poland (COP 19) were a bit of a mixed bag. On the one hand, the summit’s outcomes were dramatically out of step with the level of action needed to solve the climate change problem. A tempting metaphor for the talks was the national stadium in which they were held– one could go around in endless circles in search of the right location.

    On the other hand, the Warsaw COP did achieve the incremental outcomes needed to move the process forward. Negotiators put in place a work plan for securing an international climate agreement at COP 21 in Paris in 2015. The COP also made progress on scaling up climate finance and addressing the difficult issue of loss and damage, a process for addressing climate impacts that are difficult or impossible to adapt to. These are small but important steps toward bringing countries out of their repetitive, circular discussions and closer to agreeing collectively on how to address global climate change.

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