WASHINGTON//LONDON (July 6, 2015)– A new report released by the Global Commission on the Economy and Climate identifies ten key economic opportunities that could close up to 96 percent of the gap between business-as-usual emissions and the level needed to limit dangerous climate change. The report calls for stronger cooperation between governments, businesses, investors, cities and communities to drive economic growth in the emerging low-carbon economy.
The excitement around clean energy access through distributed renewable energy has a good basis in real world experience. By creating the right policy and regulatory conditions, international clean energy access initiatives can help other countries benefit from greater access to electricity through distributed renewable energy.
How much money will the world need to protect itself from the impacts of climate change? By some estimates, about $300 billion a year by 2050.
The China-led Asian Infrastructure Investment Bank and other new multilaterals are becoming an important part of the development finance landscape. How they answer these five questions will have far-reaching implications.
The value of sustainability is oftentimes misunderstood by businesses and investors seeking to quantify more immediate impacts on revenue growth. Goldman Sachs' director of environmental markets, Kyung-Ah Park, explains how businesses can better engage investors in their corporate sustainability efforts.
Citigroup's new five-year sustainability strategy could help shift global capital towards low-carbon development.
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.
Adaptation finance accountability is key to addressing obligations of national governments and international organizations to provide support, but actual funding decisions are often made without involving the populations hit first and worst by climate change, or without understanding how communities are vulnerable.
So who is accountable for making good use of adaptation funds, and who should hold whom accountable?