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climate finance

From Tracking to Action

Promoting Social Accountability in Adaptation Finance

Civil society has the power to make adaptation finance more transparent and accountable. The Adaptation Finance Accountability Initiative (AFAI) has developed a proven set of methods that civil society organizations can use to track the flow of adaptation funds and push their governments to...

As of this Monday, 174 countries had submitted their national climate plans to the UN, in preparation for the Paris climate summit that begins next week. These “Intended Nationally Determined Contributions” (INDCs) show countries are stepping up to take collective action to address climate change. Governments have set out a variety of different approaches, including specifying absolute emissions-reduction targets, setting economy-wide emissions intensity goals, outlining efforts to adapt to the impacts of climate change, and detailing specific actions they plan to take in a range of...

Last week, the Green Climate Fund (GCF) Board met for its last meeting before the upcoming climate talks in Paris. Countries created the GCF to be the main global fund for climate finance, and as such, it could play a vital role in delivering the goals of an agreement in Paris. If the GCF is to be a key player in the future climate regime, it needs to show that it can effectively spend money. Is it up to the task?

Statement from Dr. Andrew Steer, President and CEO of the World Resources Institute, on the findings of a new report from the Organisation for Economic Co-operation and Development (OECD). The report finds that $62 billion in climate finance was committed in 2014 by developed countries and multilateral banks towards the goal of $100 billion per year by 2020. This amount reflects a significant jump over the $52 billion committed the previous year, 'represents a significant upward trend in climate finance which, if it continues, shows that the goal of $100 billion by 2020 is within reach.'


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