Blog Posts: climate finance

The economic impacts of both the climate and coronavirus crises will likely be felt most acutely by one group in particular: the more than 2 billion people who rely on the informal sector for their livelihoods.

The Climate Ambition Summit brought together more than 70 heads of state as well as many other leaders from business, the finance community and civil society. While the summit spurred momentum for some countries it also exposed gaps in climate leadership, leaving much to accomplish ahead of COP26.

Despite the COVID-19 pandemic postponing COP26 until November 2021, UN negotiators were still hard at work this year. After a series of virtual events in June, more than 3,000 country delegates recently concluded the Climate Dialogues, a set of 80 virtual gatherings where countries unpacked, reviewed and discussed outstanding issues within ongoing international climate negotiations.

From the outset, countries agreed that the dialogues would not...

The developing world is facing a major debt crisis, limiting their ability to spend on economic recovery for COVID-19 or climate action. Creditor countries — specifically China, the largest bilateral creditor to developing countries — can exchange this for clear, verifiable climate action and investments in healthcare.

Climate change doesn't feature prominently in the World Bank's COVID-19 response yet. As countries turn to long-term recovery, the Bank should prioritize environment- and climate-friendly policy lending programs.

Tracking climate finance can help Fiji and other countries better meet their climate change goals.

If 2019 was a strong year for MDB climate finance, why is overall growth slowing? Here are 11 takeaways from the multilateral development bank joint report.

The public financial institutions tasked with funding sustainable development worldwide have outlined a framework for aligning operations with the Paris agreement, but they need to start announcing when they'll move off unaligned projects, and how projects will qualify.

This guiding document should outline how the GCF will achieve 1.5-aligned ambition, approach adaptation, avoid watering down the quality of its programs, and empower developing country institutions.

Advocates of climate finance in Congress have spent the last three years on the defensive, working to maintain current levels of spending. But a rapid scale up of investment in climate action is urgently needed, and public finance plays a key role.