green climate fund Articles
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Priorities for the green climate fund in 2012
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 climate change. Without completing the nominations, though, the Board cannot ...
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The prospect of the United Nations' climate change negotiating framework: implications from Copenhagen and Cancun
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 ...
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Operationalizing the green climate fund: informal meeting of prospective GCF board members and other interested parties
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 ...
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The Green Climate Fund: From inception to launch
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 climate finance to developing nations, so the decisions made at this most recent meeting significantly impact the future of climate change mitigation and adaptation. ...
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Bangkok UN climate talks must advance the future of Kyoto
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 overshadowed by the nuclear ...
By Vital Energi
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Technology transfer in the international climate negotiations – the state of play and suggestions for the way forward
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 ...
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5 Areas for Action to Set the Green Climate Fund on an Ambitious Path
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 transition to low-carbon, climate-resilient development pathways. The GCF’s Board, which met ...
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3 Ways to Make Progress on Climate Finance at COP 19
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 Warsaw. “The climate crisis is madness,” he said, imploring negotiators to act ambitiously in pursuing an international climate action agreement. Indeed, poor people around the world are ...
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2 Messages for the Green Climate Fund on supporting “readiness”
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 ...
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Public financing instruments to leverage private capital for climate-relevant investment: Focus on multilateral agencies
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 ...
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2 Big Issues to Tackle as the Green Climate Fund Sets Up Shop
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 goal. The Green Climate Fund (GCF) celebrated the official opening of its headquarters in Songdo, Korea, ...
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The road to Lima - Redd+ Safeguards Implementation and Information Systems
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+ ...
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What the Green Climate Fund really means for international development
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 climate change in ...
By Ensia
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Current initiatives focused on using public climate finance to leverage private capital
These tables are drawn from Appendix III in WRI’s working paper, Moving the Fulcrum: A Primer on Public Climate Financing Instruments Used to Leverage Private Capital. This working paper demonstrates how the public sector can employ different types of public financing instruments — whether loans, equity, or de-risking instruments — alongside policy and technical support to ...
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Here’s a better way to spend the UN’s $100B Green Climate Fund
Empowering the next generation through universal education should be an essential element in climate change adaptation. The international community has pledged up to $100 billion per year by 2020 to the U.N.’s Green Climate Fund — much of which has, to date, primarily been dedicated to mitigation and adaptation investments, mainly engineering projects for building seawalls, flood ...
By Ensia
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Making Progress in Durban
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 ...
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What the Green Climate Fund really means for international development
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 climate change in ...
By Ensia
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A look back at the Durban climate talks
The negotiations in South Africa were challenging and the politics complex. Countries were uncertain whether the international community would succeed in laying the groundwork for a legally binding agreement. Until the final weekend the prognosis was bleak, with several predicting the talks would collapse. Hence the Durban Platform for Enhanced Action was by no means an insignificant achievement. ...
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Glossary of Financing Instruments
This document is drawn from Appendix II in WRI’s working paper, Moving the Fulcrum: A Primer on Public Climate Financing Instruments Used to Leverage Private Capital. This working paper demonstrates how the public sector can employ different types of public financing instruments — whether loans, equity, or de-risking instruments — alongside policy and technical support to ...
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Reading resources on using public climate finance to leverage private capital
This document is drawn from Appendix II of WRI’s working paper, Moving the Fulcrum: A Primer on Public Climate Financing Instruments Used to Leverage Private Capital. This working paper demonstrates how the public sector can employ different types of public financing instruments — whether loans, equity, or de-risking instruments — alongside policy and technical support to ...
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