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?
Making the transition to a low-carbon, climate-resilient economy is going to take a lot of investment, and the limited budgets of the public sector can’t tackle it alone.
But by targeting their support, governments can create incentives for significant private investment into climate activities; in other words, they can “mobilize” private investment.
Why is the recent U.S. pledge to the Green Climate Fund important for a 2015 climate agreement?