This paper discusses the opportunity to align Chinese Belt and Road investments with country Nationally Determined Contributions. It also provides an initial overview of the degree to which Chinese energy and transportation investments in the BRI countries from 2014 to 2017 align with the green priorities communicated in BRI countries’ Nationally Determined Contributions.
An unprecedented gathering of global leaders today launched the new Global Commission on Adaptation to catalyze a global movement to bring scale and speed to climate adaptation solutions.
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).
A new WRI working paper explores two sets of issues that are fundamental to restoring confidence in the GCF and should be addressed simultaneously: resources and governance. The paper analyzes key challenges with resource predictability and governance and suggests ways forward.
As WRI's CFO, Steve Barker often fields questions on how WRI invests its endowment sustainably. The short answer is that we integrate sustainability across our entire portfolio. A new commentary by Giulia Christianson and Ariel Pinchot offers a more nuanced explanation for our approach — and describes how we got here.
Sustainable investing is the new black: essential, ubiquitous and a subject of forward-looking discussion. But this is no passing fashion. What was once a niche investment approach is becoming mainstream, and WRI is learning the nitty-gritty of it through its own endowment journey.
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.
There is a wealth of financial data and corporate governance information available that can be used to hold companies accountable to zero deforestation commitments and for activities linked to legal and illegal deforestation. This paper shows how radical transparency techniques have the potential to hold companies accountable for illegal or unethical activities and argues that the full potential of transparency solutions has yet to be unleased.
Although the novel feature of REDD+— result-based payments at jurisdictional scales—remains largely untested, national and subnational REDD+ initiatives have made progress toward creating domestic conditions for addressing deforestation and forest degradation. This paper analyzes both national and subnational REDD+ initiatives to better understand lessons learned and how these lessons can support future forest-based climate change mitigation.
Analysis of 35 large banks found that, by and large, they are unable to convey their overall climate progress. Many report on their climate-friendly investments, but few offer the full picture by also reporting their financing of activities that add emissions, too.
This paper from Portfolio Carbon Initiative — a partnership between WRI, 2DII and UNEP-FI — assesses the metrics that can be used to assess a bank’s contribution to the climate solution or climate problem, compares them, and makes recommendations for choosing metrics based on asset class.
Finance for adaptation and resilience remains modest relative to estimated needs, and adaptation remains largely dependent on grant funding from public sources. Yet, public finance for resilience can be invested more effectively.
Strengthen key policies and governance elements in strategically-important institutions in order to promote financing for sustainable activities and discourage financing for unsustainable ones.
Fostering and encouraging the United States and China to lead by example and serve as sustainable finance champions.
Promote NDC financing by identifying key capacity bottlenecks developing products designed at loosening those constraints.
BlackRock CEO Larry Fink sent a message to CEOs: we think companies that contribute to society are better investments. That's true—and if Fink wants to accelerate the shift, his firm will implement sustainability screens, drop dirty investments and make climate risk disclosure the norm.
New WRI research examined businesses that are part of the burgeoning "new restoration economy." The results were clear: Restoring degraded landscapes can yield big returns.
This report profiles 14 businesses that restore land, highlighting four promising investment themes in land restoration: technology, consumer products, project management, and commercial forestry.
Multilateral development banks can put a charge into climate finance through expanded use of de-risking approaches, like guarantees and similar instruments.