Readiness is a hot topic for the newly established Green Climate Fund (GCF), as it heads towards its 6th Board meeting in Bali, Indonesia next week. At the meeting, the Board is expected to make a decision on what the GCF’s readiness program will look like. It will likely be narrow in focus, which makes sense based on its limited funding and timeframe. Yet as the GCF moves forward, it is important to remember countries’ broader readiness needs and to be flexible in finding the right institutions to channel funds in the short term.
The world spent $50 billion dollars per year on weather-related disasters in the 1980s, according to the World Bank. Today, we spend roughly $200 billion annually. Twenty-five extreme weather and climate events in 2011 and 2012 caused more than $188 billion of damages in the United States alone. And yet—despite these escalating costs and risks—the world continues to emit dangerous amounts of greenhouse gases.
It’s time for a climate change reality check.
Alex Doukas discusses outcomes of a financing clean energy access workshop in Africa, and how social entrepreneurs could be part of the clean power solution.
Making the Green Climate Fund's Allocations Add Up to its Ambition...
This post is co-written with Neil Bird, Research Fellow in the Climate and Environment Program of the Overseas Development Institute (ODI), and Maliheh Birjandi-Feriz, former WRI intern with the Sustainable Finance team.
This working paper examines the resource...
An Introduction to the Current National Policy Landscape
Brazil aims to reduce greenhouse gas (GHG) emissions 36.1 percent to 38.9 percent from a projected baseline by 2020 through several sectoral plans and initiatives. This paper provides an overview of GHG mitigation plans in Brazil’s land use sector. Key initiatives include the Action Plan to...
This is the final installment of WRI’s blog series, Adaptation and the Private Sector. Each post explores ways to engage the private sector in helping vulnerable communities adapt to the impacts of climate change.
Climate change mitigation and adaptation investment needs are urgent, significant, and growing. The world will need to devote trillions of dollars into clean energy, sustainable transport, and other green infrastructure to limit global temperature rise to 2 degrees C and prevent the worsening effects of climate change. Private sector investment will be critical to achieving the type of low-carbon, climate-resilient growth necessary to secure a sustainable future.
A Survey of Public and Public-Private Fund Models and Initiatives to Mobilize Private Investment
WRI’s “Climate Finance” series—which includes a subseries on public financial instruments—tackles a broad range of issues relevant to public contributors, intermediaries, and recipients of climate finance—that is, financial flows to developing countries to mitigate greenhouse gas emissions and...
The world will need to spend an estimated US$5.7 trillion annually in green infrastructure by 2020 in order to limit global temperature rise to 2 degrees C. This week, it took a step toward creating an institution – the Green Climate Fund – that will be pivotal in achieving this goal.