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...
For the 13th year, World Resources Institute will host Stories to Watch, an event looking at the big stories that will shape the world in the coming year. Dr. Andrew Steer, president & CEO, World Resources Institute, will offer his views on the major economic, social, environment and development issues for 2016.
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.
Parties to the Paris Agreement committed to “making finance flows consistent with a pathway towards low GHG emissions and climate-resilient development (Article 2.1c).” It is especially critical that energy-sector infrastructure is Paris aligned, given the large carbon lock-in potential of...
Multilateral development banks are spending billions of dollars on climate finance. By aligning their entire operations with the Paris Agreement they can maximize the bang for their buck.
In Katowice, climate negotiators must send clear signals they will scale up support for developing countries, make progress on transparency and reporting, and set a timeline for determining a post-2025 finance goal.
World's third-largest emitter aims to achieve a climate-neutral economy by 2050.