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climate finance

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...

Toward Paris Alignment

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...

Moving the Green Belt and Road Initiative: From Words to Actions

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...

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