Stabilizing the global climate is one of the most urgent challenges in coming decades. Our warming world affects all people and ecosystems, particularly the poor who already suffer disproportionately from climate-change impacts.
The United States spent $2.6 billion in 2015 to support developing countries in mitigating and adapting to climate change. While this finance represents just 0.07 percent of the federal budget, it boosts U.S. business, promotes international development and improves national security.
Last week, the Board of the Green Climate Fund (GCF) convened in Songdo for its penultimate meeting in 2016. As the biggest multilateral climate fund to date, the GCF has a vital role to play in delivering on the goals of the Paris Agreement. While the GCF has made some progress in the last year—including approving its first projects, adopting a strategic plan, strengthening its...
With three months to go until the next international climate negotiations, many developing countries are working hard to live up to the promises made in the Paris Agreement. But many institutions in developing countries face challenges in accessing and effectively deploying international climate finance. Representatives of two groups from Africa -- the Senegal-based Centre de Suivi Ecologique and Kenya's National Environmental Management Authority -- got together in July to help each other tackle some of these challenges.
Uruguay went from having virtually no wind generation in 2007 to installing the most wind per capita of any nation in 2014. New WRI research explores the country's smart use of climate finance, and offers lessons on how other nations can successfully transform their energy sectors.
The new Asian Infrastructure Investment Bank has committed to being "lean, clean and green." Will its new Environmental and Social Framework achieve that goal? Researchers Gaia Larsen and Sean Gilbert investigate.
Last December in Paris, 195 countries came together and adopted a landmark agreement on climate change. The Paris Agreement is significant for a number of reasons, not least of which is the direction it provides on climate finance. It is now clear that the world needs to align financing pathways with the Agreement’s long-term goals, strengthen national institutions that will implement climate activities, and increase...
A new initiative launched in Paris this week demonstrates the growing recognition that action by financial institutions – both public and private – is necessary to begin shifting trillions of dollars toward low-carbon development.