The UN climate negotiations (COP23) presided over by a Fiji Presidency concluded in the early hours today in Bonn, Germany with countries making progress on the rules for the Paris Agreement and putting in place a process to assess progress on climate action that should set the stage for countries to commit to enhancing their climate commitments by 2020. Following is a statement from Paula Caballero, Global Director, Climate Program, World Resources Institute:
Finance provided and catalyzed by multilateral development banks (MDBs) will help pay for implementation of the UN Sustainable Development Goals and the Paris Climate Agreement in many developing countries. Although MDBs already track and report on their climate finance, less is known about how...
As developing countries increasingly experience the impacts of climate change, ensuring that they have efficient access to adaptation funding is ever more urgent. The Green Climate Fund (GCF) is one of the world’s largest sources of finance for climate adaptation, and importantly, most of its finance is concessional, meaning it is delivered with significant grant components. It is therefore essential that the GCF Board, which meets this weekend, get the GCF’s approach to adaptation right.
However,...
Building resilience to increasingly intense climate change impacts requires effective, urgent adaptation action at the local level. While much progress has been made within the international and national arenas, efforts to successfully implement adaptation at the subnational level remains uneven...
Development banks committed record funds to climate finance in 2018, but key vulnerabilities in adaptation finance, cofinancing and portfolio alignment persist, and some institutions even backslid. To meet 2020 goals, MDBs need to kick it into overdrive.
Climate change impacts on agricultural systems are intensifying. The recent IPCC report illustrates that as temperatures climb, changes in the climate are pushing systems beyond sustainable boundaries. This is the case with certain livestock...
When the Green Climate Fund received its first round of funding, contributions were more or less arbitrary. This time around, countries have an opportunity to root their contributions in objective measures of capacity, responsibility and ambition.
The World Bank plays a pivotal role in enabling sustainable, low-carbon development and climate action. Its next president should be a leader on the issue.
World's largest climate fund is nearing the end of its first round of funding. As examples from Mongolia, India and Morocco show, the Green Climate Fund can be a game-changer for getting low-carbon projects off the ground in developing nations.
