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...
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.
Companies have set to work on the scenario analysis recommended by the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD). Building a scenario analysis to explore how climate change will impact business over time is a challenging task, and one of the biggest difficulties lies in selecting and building plausible future...
Governance issues and unpredictable funding are holding back the world's most important climate fund. Reform and objective criteria for replenishment can set it on the right track.
The Green Climate Fund, a major source of finance for developing countries seeking to address climate change, has committed $3.5 billion for projects around the world. But now it needs to replenish its resources in an effective, transparent and inclusive way -- soon. Among other things, it could use an external facilitator to help move the process along.
Catalyzing the fundamental, systemic shifts needed to build resilience in a changing climate
More than two years after the adoption and signing of the historic Paris Agreement on climate change, and following its unprecedented rapid entry-into-force, the hard work of implementing the Paris Agreement is just getting going. Turning this landmark pact into a functioning regime requires adopting the rules of the game...