Last December in Paris, 195 countries came together and adopted a landmark agreement on climate change. The Paris Agreement is significant for a number of reasons, not least of which is the direction it provides on climate finance. It is now clear that the world needs to align financing pathways with the Agreement’s long-term goals, strengthen national institutions that will implement climate activities, and increase...
Green Climate Fund
WRI President and CEO Andrew Steer revealed 2016's top stories to watch when it comes to the environment, economy and sustainability.
Delivering on the Paris Agreement will require significant investment and finance. The Agreement made four big strides forward to scale up climate finance, but questions remain.
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¿Cómo pueden los países en desarrollo acceder a fondos internacionales para combatir y adaptarse al cambio climático? Ésta es una de las más importantes interrogantes que se plantea en las negociaciones sobre el cambio climático en la COP21 y tal vez, un elemento crucial para concretar un acuerdo internacional.
Muchos de los...
The Adaptation Fund and Green Climate Fund are unique in that they provide climate finance directly to national institutions in developing nations. Here’s how countries can meet the Funds’ requirements to help finance mitigation and adaptation activities.
As of this Monday, 174 countries had submitted their national climate plans to the UN, in preparation for the Paris climate summit that begins next week. These “Intended Nationally Determined Contributions” (INDCs) show countries are stepping up to take collective action to address climate change. Governments have set out a variety of different approaches, including specifying absolute emissions-reduction targets, setting economy-wide emissions intensity goals, outlining efforts to adapt to the impacts of climate change, and detailing specific actions they plan to take in a range of...
Developing countries need large amounts of finance to support ambitious climate actions. This paper highlights lessons for developing country institutions seeking access to funding from the multilateral climate funds.
Last week, the Green Climate Fund (GCF) Board met for its last meeting before the upcoming climate talks in Paris. Countries created the GCF to be the main global fund for climate finance, and as such, it could play a vital role in delivering the goals of an agreement in Paris. If the GCF is to be a key player in the future climate regime, it needs to show that it can effectively spend money. Is it up to the task?
This is the first time the Board is faced with approving proposals for specific activities. Are these proposals ambitious enough? Do they contribute to a paradigm shift in developing countries? Or do they fall short?
We’re now halfway towards the 2020 deadline – set in 2009 – for developed countries to mobilize $100 billion a year in climate finance. It’s essential to show that developed countries are keeping their commitments so developing countries know they have support for ambitious action when countries meet to forge a new global climate agreement in Paris this December. So with five years to go, how close are we to $100 billion a year? And how could we get there?