President Donald Trump's budget request for fiscal 2018 makes clear that international climate finance -- U.S. support for developing countries to tackle climate change -- is in the crosshairs. The White House is asking Congress to make draconian and senseless cuts to climate finance that will undermine U.S. economic, diplomatic and security interests around the world.
Green Climate Fund
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.
This chart is based on data from the report, The Future of the Funds: Exploring the Architecture of Multilateral 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...
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.
There are a lot of ways for countries and communities to adapt to climate change. Choosing the right one can be tricky.
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...
With three months to go until the next international climate negotiations, many developing countries are working hard to live up to the promises made in the Paris Agreement. But many institutions in developing countries face challenges in accessing and effectively deploying international climate finance. Representatives of two groups from Africa -- the Senegal-based Centre de Suivi Ecologique and Kenya's National Environmental Management Authority -- got together in July to help each other tackle some of these challenges.