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:
Financing the Energy Transition: Are World Bank, IFC, and ADB Energy Supply Investments Supporting a Low-Carbon Future?
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...
Development banks can align their investments in electricity grids with the Paris Agreement by incorporating a shadow carbon price and making sure their investments support long-term plans for decarbonizing the electricity sector.
Most people think of the adaptation and mitigation goals when they think of Paris. But these goals cannot be achieved without the success of a third, underlying goal: Aligning climate finance with low-carbon development. Here's what can be done at COP24 and beyond towards this integral goal.
How the Multilateral Development Banks Can Better Support the Paris Agreement
To contribute to the fight against climate change, the MDBs have to date largely operated under what we refer to as a Climate Finance Paradigm. That paradigm involves defining, tracking, and maximizing the amount of climate finance that MDBs provide and mobilize. Climate finance has been...
Climate finance is actually on track for the pledged $100 billion, with public support from developed to developing countries reaching $55.7 billion in 2016. Those contributions are also helping mobilize private finance.
The Standing Committee on Finance, an expert body of the UN Framework Convention on Climate Change, released its third Biennial Assessment and Overview of Climate Finance. Read a statement from Leonardo Martinez-Diaz, Director of the Sustainable Finance Center, World Resources Institute.
China’s Belt and Road Initiative (BRI) is investing in projects developing infrastructure worth $6 trillion across many of the world’s fastest-growing economies. The Chinese government has taken initial steps to incorporate environmentally sustainable, or green, strategies and objectives into...
Lawrence MacDonald sits down with Christina Chan and Niranjali Amerasinghe, who argue that siloed operations keeping development and climate finance apart could hold back climate adaptation.
The world's biggest climate fund has had a rough go of it this year. Nearing the end of their first funding period, they can right the ship by tackling replenishment, governance and decision-making at a final 2018 board meeting.