The International Development Finance Club (IDFC)—a group of international, national, and regional development banks based in the developed and the developing world—released its annual report on green investment (i.e. mitigation, adaptation and ‘other’ environmental finance which includes environmental protection and remediation related projects)—as the world’s climate negotiators were meeting in Lima, and its numbers are significant.
A recent UN report highlights the need to examine the role of development finance institutions in sustainable development, but it leaves open the question of whether member states should call for a review process.
Here’s a perspective on some of the outstanding negotiation challenges.
What is an equitable way of taking action in the context of growing emissions and climate impacts, from water scarcity and depressed agricultural yields to severe weather events?
And how can we reduce emissions and build climate resilience while taking into account varying human development needs?
The UN proposed 17 Sustainable Development Goals (SDGs) to eradicate extreme poverty, placing economic transformation and environmental sustainability at the center of the agenda. WRI and 10 other institutes in the Independent Research Forum (IRF) on the Post-2015 Development Agenda organized discussions with negotiators of the UN Open Working Group on SDGs and provided recommendations.
At the 2012 UN Conference on Sustainable Development (Rio+20), governments concluded that the world needed a more ambitious, universal global development agenda after the Millennium Development Goals (MDGs) expire in 2015. To meet the challenge of eradicating poverty and expanding the global economy while protecting the environment, the new agenda needed to go beyond the MDGs to more deeply engage the private sector, local governments and civil society. Reaching such a consensus on this complex, politically charged issue required that negotiators shift from the formal UN process to substantive discussions about a strengthened successor to the MDGs.
WRI and 10 other institutes in the Independent Research Forum (IRF) on the Post-2015 Development Agenda organized a series of informal retreats for negotiators of the UN Open Working Group on Sustainable Development Goals (SDGs), together with other UN Member States and senior UN officials. The retreats created a safe space to discuss the complex, potentially divisive questions of how to make the goals apply to all countries, and how to integrate social, economic and environmental sustainability. WRI’s analysis and facilitation, together with IRF, helped provide an opportunity for dialogue rather than negotiations, and allowed participants to test ideas and identify solutions. WRI’s project teams also gave regular input, providing concrete recommendations on global targets for sustainable food systems, energy, water, terrestrial ecosystems, oceans, climate change, cities, sustainable growth, sustainable consumption and production, and governance.
The Open Working Group Outcome Document, adopted in July 2014, proposes 17 ambitious SDGs. The SDGs mark a shift from the MDGs, aiming to eradicate extreme poverty in all its forms and placing economic transformation and environmental sustainability on equal footing at the center of the agenda. All countries will need to take action to implement the agenda, and civil society and the private sector will also be critical to the SDGs’ success. With one more year until the SDGs are due to be adopted at a UN Summit in September 2015, WRI stands ready to continue its support.
Jamaicans will have greater access to information about infrastructure developments and their environmental impact in the form of Development Alert!, a new interactive website created by the Jamaica Environment Trust (JET), World Resources Institute (WRI), and The Access Initiative with support from software developers Blue R
After 17 months of debate, the UN Open Working Group has proposed a set of Sustainable Development Goals to succeed the Millennium Development Goals, which expire next year. These goals focus on eradicating extreme poverty by 2030.
How do these newly proposed goals square with this ambitious aim?
Many countries in Africa are rich with trees, wildlife, minerals, and other natural resources. But as new WRI research and an interactive map show, few national laws provide communities with strong, secure rights to the resources on their land.
WRI conducted a systematic review of the national framework laws for five natural resources—water, trees, wildlife, minerals, and petroleum—in 49 sub-Saharan African countries. The results are presented in our new Rights to Resources map.
Seventy percent of Latin Americans live on less that $3 a day. That’s 360 million people with a combined purchasing power of $510 billion. WRI is looking at how to meet the needs of poor communities through pro-environment private sector strategies and catalyzing investments by companies and development agencies. This new approach was adopted by the Inter-American Development Back (IDB), one of the largest development aid agencies working in Latin America, when it launched a five-year, multi-billion dollar poverty reduction initiative. “Building Opportunity for the Majority” focuses on economic empowerment for the poor through the support of private-public opportunities. IDB is the first development bank to make a commitment of this size, giving this innovative market approach enormous credibility and visibility.
The last in a series of expert workshops and consultations under the UNFCCC’s work-programme on long-term finance concluded late yesterday. This 2013 extended work programme on long-term climate finance is designed to “identify pathways for mobilizing the scaling up of climate finance to USD 100 billion per year by 2020 from public, private, and alternative sources” and inform “enabling environments and policy frameworks to facilitate the mobilization and effective deployment of climate finance in developing countries.”I had the opportunity to participate quite actively in this year’s series, as WRI is working with co-chairs from the Philippines and Sweden to facilitate discussions on how to mobilize scaled-up finance for climate action.