In order to understand where the climate finance agenda is likely to go, it is first necessary to grasp where it stands today. To that end, Overseas Development Institute, WRI, and IGES – in partnership with the Open Climate Network – have conducted the first in-depth examination of Fast Start Finance (FSF), the period from 2010-2012 in which developed nations pledged to deliver US$ 30 billion in climate finance. As of September 2013, countries reported providing $35 billion in public FSF from 2010 through 2012, exceeding their pledge. Just five countries – Germany, Japan, Norway, the United Kingdom and the United States— provided US$ 27 billion of this finance.
Lessons from the Fast-Start Finance Period
Developed countries report that they mobilised $35 billion in international climate finance for developing countries through the “fast-start finance” period from 2010 through 2012. This study examines the reported contribution in detail, revealing lessons for mobilising and targeting climate...
After winning Germany’s federal elections on September 22nd, Chancellor Angela Merkel is in the middle of difficult coalition talks to form a new government. Because Merkel’s party, the Christian Democrats, did not win an absolute majority in parliament, it must find a new coalition partner. The party has begun negotiations with Social Democrats to form a grand coalition.
Importantly, the decisions coming out of these negotiations could have significant implications for clean energy development. The "renewable energy club" recently initiated by the German government could provide a...
In November 2013, Parties to the United Nations Framework Convention on Climate Change (UNFCCC) will meet in Warsaw, Poland to continue negotiations on the new international 2015 climate change agreement. A critical component of this new agreement will be the design of national mitigation...
The issue of "loss and damage" will be a critical component of the discussions at COP 19 in Warsaw. These negotiations could be contentious and emotional—and not surprisingly, given what is at stake. Losses and damages under scenarios well below four degrees of warming could, over time, include the submergence of mega-cities, the collapse of major ecosystems, and the loss of entire island nations. But the loss and damage (L&D) negotiations need to succeed for COP 19 to succeed—and for the global community to get on track to achieve an ambitious, effective, and equitable climate change agreement in 2015.
The amount of adaptation finance has increased in recent years, at least in part as a result of agreements reached at the U.N. climate negotiations in Copenhagen in 2009. In the past year, Oxfam, WRI, Overseas Development Institute, and civil society networks in Nepal, the Philippines, Uganda and Zambia have been working together to figure out just how much adaptation finance has been flowing to these four countries and where it’s going. It’s a bit like trying to figure out the tangle of plumbing and pipes in an old house. There is money for climate change adaptation coming from different sources, flowing through different channels, and being used for different purposes.
Accountability, Transparency, and Accessibility at the Local Level
Adaptation is local but reaching the local level is not always easy. This paper explores the challenges of reaching the most vulnerable people with adaptation finance. It identifies opportunities for improvement and proposes a framework to assess delivery of adaptation finance focusing on...
The stakes are high at this year’s international climate negotiations in Warsaw, Poland (COP 19). It is vital that negotiators get down to business on designing the international climate action agreement, including actually constructing the pathway needed to reach this agreement by 2015.
Making progress across five key issues will be critical to achieving this goal.
WRI analysis finds that Illinois can reduce its CO2 emissions 35 percent below 2011 levels by 2020. These reductions would meet or exceed moderately ambitious EPA power plant emissions standards.
Although EPA has not yet announced what its power plant emissions standards will look like, WRI based its analysis on two hypothetical standards. Under these scenarios, Illinois would be required to reduce its CO2 emissions in the range of 32 to 37 percent below 2011 levels by 2020.