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Blog Posts: multilateral development banks

  • Prioridades para el Fondo de Clima Verde 2012

    La primera reunión del Fondo de Clima Verde (GCF) se acerca rápidamente y dos de los grupos regionales—Asia-Pacífico y América Latina y el Caribe—todavía no han nominado a sus representantes para la Junta. El GCF fue desarrollado durante los dos últimos años, y ahora se espera que ofrezca financiamiento a gran escala para ayudar a afrontar los efectos del cambio climático en países en vía de desarrollo. Sin terminar las nominaciones, la Junta no puede lanzar “el principal fondo global de finanzas para afrontar cambio climático.”

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  • Priorities for the Green Climate Fund in 2012

    With the first meeting of the Green Climate Fund (GCF) fast approaching, two regional groups – Asia-Pacific and Latin America and the Caribbean – have yet to nominate their Board members. Negotiated over the last two years, the GCF is expected to deliver large-scale finance to developing countries to address climate change. Without completing the nominations, though, the Board cannot begin the important task of making the “main global fund for climate change finance” operational.

    Earlier this year, WRI and Climate Analytics facilitated a meeting in New York City of representatives from prospective Board member countries and others involved in the Fund’s design (see summary note). Participants exchanged ideas and perspectives on the Board’s program of work for 2012 and priorities for its first meeting. In addition to the basic administrative arrangements – like selecting a host country and establishing a secretariat – the Board needs to do the following in 2012:

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  • Transparency of Climate Finance: Did Durban Show Us the Money?

    In the recent UN climate negotiations (COP 17) in Durban, South Africa, the issue of transparency of climate finance appeared in a variety of contexts in the final agreement on long-term cooperative action. From the sections on reporting and review for developed and developing countries, to the Standing Committee, to the registry, and to fast-start finance, making sense of this multitude of provisions on climate finance transparency is a challenge.

    However, what's clear is that the moderate progress made in Durban fell short of what is needed to achieve a transparent and effective climate finance regime. This post aims to summarize where we stand on this issue following the Durban COP.

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  • Climate Finance at COP17 Durban

    This piece was written with Louise Brown, Research Analyst at WRI.

    From November 28 to December 9, negotiators will gather in Durban, South Africa, for the United Nations Framework Convention on Climate Change (UNFCCC) COP17 meeting. An outcome on climate finance – funds to support climate change mitigation and adaptation activities in developing countries – is a key part of the overall Durban agreement. This includes agreeing on how the Green Climate Fund (GCF) will be structured and governed, setting in motion a process to identify how developed countries will meet their long-term finance commitment of $100 billion by 2020, and agreeing on the role, composition and functions of the Standing Committee, a body that will monitor finance flows and enhance overall decision-making on climate finance.

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  • Cape Town Meeting Must Get Design of Green Climate Fund Right Before Durban

    Update, 10/21/11: Talks to design the Green Climate Fund (GCF) ended in tense negotiations at Cape Town, South Africa earlier this week. The completion of the GCF design is an integral part of the larger package of issues to be resolved in Durban, and so country negotiators were highly motivated to make progress.

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  • The Right Mix: The Philippines Achieving its Renewable Energy Goals

    This piece, by Pete Maniego and Lutz Weischer, originally appeared in the Manila Bulletin.

    The global energy system is undergoing a transition from fossil fuels to renewable energy. There are clear signs that the pace of change is accelerating. 2009 was the second year in a row that more money was invested worldwide in renewable electricity generation projects than in fossil fuel-powered plants, according to data published by the United Nations.

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  • WRI Experts on Asia's Clean Energy Future

    Why is Asia such an important region for clean energy deployment? WRI experts respond.

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  • Emerging Actors in Development Finance: A Closer Look at Chinese and Brazilian Overseas Investments

    The landscape of development finance is changing rapidly. Traditionally, international financial flows moved from developed countries to developing countries. In the last decade, however, major emerging economies such as China and Brazil have fueled a growing trend of South-South development flows by increasingly channeling their overseas investments to other developing countries.

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  • Have Countries Delivered on Fast-Start Climate Finance?

    As the reporting deadline for 2010 looms, developed countries will need to prove that they are honestly meeting their modest $30 billion commitment.

    Today, WRI releases an updated summary of developed countries’ “fast start” climate finance pledges. These funds are intended to help developing countries reduce emissions and adapt to climate change from 2010-2012.

    To date, 21 developed countries and the European Commission have publically announced individual fast-start finance pledges totaling nearly USD 28 billion to meet the USD 30 billion commitment in the 2009 Copenhagen Accord.

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