Stories: International Financial Flows and the Environment (IFFE)

Jennifer Morgan delivered the following speech on June 24, 2011 at the closing plenary of the 6th Annual Asian Clean Energy Forum in Manila, Philippines.

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

China’s overseas presence has brought a new way of doing business to the world.

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.

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

The World Bank has begun an effort to strengthen its environmental and social safeguards. But how relevant will these safeguards be after the Bank’s parallel proposals to “modernize” the way it does business?

On 2-3 February 2011, the World Resources Institute and Climate Analytics hosted an informal meeting of climate finance negotiators in New York City.