The most recent communique from the G20 drops all references to climate change, a move reportedly instigated by the United States, Saudi Arabia and others. The omission is a setback, as climate finance benefits U.S. jobs and exports and is key to meeting global climate targets.
Over the past 25 years, dozens of national, regional and international climate funds have emerged, creating a confusing system. New WRI research offers recommendations to more effectively attract and disburse climate finance.
Multilateral climate funds play a key role in using public finance to help drive the economic and societal transformation necessary to address climate change. There is growing pressure for policymakers to make the architecture of funds more effective and coherent. This report examines seven key...
This chart is based on data from the report, The Future of the Funds: Exploring the Architecture of Multilateral Climate Finance.
The United States spent $2.6 billion in 2015 to support climate action in developing nations. This finance represents just 0.07 percent of the federal budget, but boosts U.S. business, promotes 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...
Developed countries today released a roadmap for how they will meet their commitment to mobilize $100 billion of climate finance per year by 2020 to support developing countries. The roadmap projects that public climate finance will reach $67 billion by 2020.
Finance is always a hot topic at climate negotiations, and this year's COP22 is no exception. Here are five key climate issues to watch at the Marrakech meeting in November.
A report from the World Resources Institute offers new evidence that the modest investments needed to secure land rights for Indigenous Peoples in the Amazon will generate billions of dollars in returns—economically, socially and environmentally—for governments, investors and communities.