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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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  • 3 Ways Governments Can Involve the Private Sector in Climate Change Adaptation

    As the impacts of climate change become ever-clearer, so does the challenge of adaptation. While the World Bank estimates that developing countries will need $70-$100 billion annually through 2050 to adapt to climate change, the public sector alone cannot meet this financial goal. Rather, the world needs the human, technical, and financial resources of the private sector to help bridge this significant adaptation finance gap and make vulnerable communities more climate-resilient.

    National governments have a critical role to play in supporting and stimulating private sector investment in adaptation. In order to engage the private sector in helping vulnerable populations prepare for the effects of climate change, developing country governments can take three types of actions:

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  • Transport at the Forefront of COP19 Climate Change Agenda

    Last month, SLoCaT and the Bridging the Gap Initiative (BtG) led a partnership of 15 additional co-organizers to host Transport Day 2013 at the nineteenth Conference of the Parties (COP 19) of the United Nations Framework Convention on Climate Change (UNFCCC). EMBARQ, the sustainable urban transport and planning program of the World Resources Institute, was one of the 15 co-organizers of the event.

    This year’s COP was held in Warsaw, Poland, from November 11 to November 22, 2013. Transport Day was November 17, marking the first time an entire day at COP has been dedicated to transport, and underscoring the importance of engaging the transport sector in addressing climate change.

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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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