With the first meeting of the Green Climate Fund (GCF) fast approaching, two regional groups – Asia-Pacific and Latin America and the Caribbean – have yet to nominate their Board members. Negotiated over the last two years, the GCF is expected to deliver large-scale finance to developing countries to address ...
Concluded with a piece of 'Copenhagen Accord' that is not legally binding, 13 days of seesaw battles on Denmark's negotiation table did not yield any substantial results. Neither did the end of another 12 days of climate change conference in Mexico a year later in 2010, marked with a 'Cancun Agreement' that achieved nothing but money ? the Green Climate Fund. For years, state leaders have gone ...
On 22-23 March 2012, the World Resources Institute (WRI) and Climate Analytics held an informal meeting of negotiators involved in the design of the Green Climate Fund (GCF) in New York City. The purpose was to provide an opportunity for prospective Board members, alternates, advisers, and other delegations involved in negotiations around the GCF, to exchange views on the next steps in the ...
Speaking at the first UN climate talks session of the year in Bangkok, UNFCCC Executive Secretary Christiana Figueres asked to address shortfalls in climate action. Climate change negotiators have gathered at Bangkok on Sunday looking to make further progress on the deals agreed at Cancun last December. Although the climate talks from 3 April to 8 April could be ...
A year after its inaugural meeting, the Board of the Green Climate Fund (GCF) left its fifth meeting in Paris earlier this month with a collective sense of urgency. The GCF is expected to become the main vehicle for disbursing ...
Facilitating the transfer of climate technologies is one of the main elements of the ongoing climate change negotiations. Despite limited progress overall during COP 15 in Copenhagen, clear progress has been made on the issue of technology transfer. Challenging issues remain for future negotiations, but consensus is evident on several important features, including the establishment of a ...
Recalling the devastation that Typhoon Haiyan wrecked in his country, Yeb Sano, the climate change commissioner and lead negotiator from the Philippines, spoke powerfully at the opening of COP 19 in ...
The world will need to spend an estimated US$5.7 trillion annually in green infrastructure by 2020 in order to limit global temperature rise to 2 degrees C. This week, it took a step toward creating an institution – the Green Climate Fund – that will be pivotal in achieving this ...
Expectations are running high as the Board of the Green Climate Fund prepares for its fifth meeting in Paris this week. As the scale of the global climate change challenge becomes increasingly apparent, the GCF is expected to play a pivotal role in moving money quickly and smartly to help countries ...
As private sector investment flows within and into developing countries rapidly increase, the public sector has a unique opportunity to ensure that these flows are directed to meet critical climate change investment needs. This paper informs the use of public funds to leverage private sector investment in climate-relevant projects. It focuses on the public sector’s use of financing ...
The Green Climate Fund (GCF) has big ambitions: It aspires to become the main global fund for providing climate change finance, contributing to activities like the design of resilient cities and ...
Last year, we spent time in several countries—Colombia, the Philippines, Fiji, Namibia, Ghana, Zambia and Benin—trying to understand how they can better position themselves to access funding to mitigate and adapt to climate change (See Box 2). These countries have already made considerable progress in their plans, policies, and projects to respond to climate change. However, if they ...
The United Nations Climate Change Conference in Durban is an opportunity to strengthen the international climate framework. The top priority should be implementing the Cancún Agreements with steps to: 1) improve the transparency of countries’ efforts, and 2) strengthen support for developing countries, including a new Green Climate Fund. If established, a second commitment ...
The 2013 Warsaw Framework for REDD+ agreed upon at the last climate conference (COP19) was a positive step forward. Several contentious issues, for example in relation to measurement, reporting and verification (MRV) and results-based finance, were decided, providing a positive signal to countries on proceeding with their REDD+ activities. However, there is unfinished business on REDD+ ...
This working paper examines the resource allocation approaches of 15 climate, environment and development funds, drawing on these experiences to understand how they might inform the design of the Green Climate Fund’s allocation system. Executive Summary In 2010, parties to the United Nations Framework Convention on Climate Change established the Green Climate Fund (GCF) with ...
In its seventh year, progress for the fund has been slow. What will it take to fulfill the GCF’s promise? When the world’s poor countries demanded action during the failing United Nations–led climate negotiations in Copenhagen in 2009, the U.S. government responded with a promise: It would help raise US$100 billion a year by 2020 to assist efforts to cope ...
This document is drawn from Appendix I in WRI’s working paper, Public Financing Instruments to Leverage Private Capital for Climate-Relevant Investment: Focus on Multilateral Agencies. It maps the types of financial instruments used by various development financial ...
In its seventh year, progress for the fund has been slow. What will it take to fulfill the GCF’s promise? When the world’s poor countries demanded action during the failing United Nations–led climate negotiations in Copenhagen in 2009, the U.S. government responded with a promise: It would help raise US$100 billion a year by 2020 to assist efforts to cope with ...
This working paper explores the concepts of ownership and accountability in climate finance in detail, and draws on experiences from development effectiveness and more recent experience of climate finance to consider options for enhancing ownership and strengthening accountability through various access ...
“Two years ago at the UNFCCC conference in Cancun, negotiators agreed that the world would seek to limit global average temperature rise to 2 degrees Celsius,” Andrew Steer, WRI’s president, said during a recent press call. “We are not on track for that. We’re ...