A New Architecture for Climate Finance Must Encourage Private Sector Investment

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“Give a man a fish, and he eats for a day. Teach a man to fish, and he eats for the rest of his life.” In relation to climate financing, the Green Climate Fund (GCF) and Developed Country Parties, do both, and neither particularly well.  The recent IPCC 1.5 report has taken away all room…
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Voluntary Cooperation (ITMOs) the Unknown Monster

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An important item under negotiation at COP24 is the concept of voluntary cooperation in mitigation. This item is of huge importance as developing countries need funding and financing to engage in low-carbon development and adaptation but they don’t have mandatory mitigation targets. Developed countries are the ones with the economic resources but they also need…
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The Pre-2020 Stocktake: Disappointment and Resolve

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As with any massive undertaking, practice makes better. The Global Stocktake in 2023 is no different. In accordance with decisions at COP21, to implement enhanced action prior to 2020, and at COP23, emphasizing that enhanced pre-2020 ambition can lay a solid foundation for post-2020 goals, this year’s COP held a two-part assessment of global progress….
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Finance Flows For the Future of Forests

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The Paris Agreement seeks to achieve a balance between mitigation and adaptation activities.  Financial mechanisms are a highly sought out means of addressing this balancing act, both within the FCCC and beyond.  While the forest resource is certainly not unique in its desperation for tapping into potential funding pools, forests are currently undervalued and therefore…
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Adaptation and GCF at the Koronivia Workshop

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Today was our delegation’s first day at COP24 in Katowice, Poland. The experience was a whirlwind. We all were figuring out where to go for meetings, identifying who was speaking for each Party, and how to best soak in all the activities of COP. We attended sessions in our area of expertise, and sometimes those sessions overlapped…
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Adapting the Adaptation Fund under the Paris Agreement

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The future of the Adaptation Fund (AF) is among the dicey climate finance issues to watch as Parties seek to complete negotiations on the Paris Agreement Rulebook over the upcoming 2 weeks. While it is small, with total cumulative receipts of only $737 million, the AF is highly regarded and widely celebrated for the “relevance,…
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Green Climate Fund Approves $1B in New Projects

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On October 21, 2018, the Green Climate Fund (GCF) Board concluded its 21st meeting by approving 19 new projects, totaling $1.038 billion. This board meeting comes right after the IPCC released the Special Report on Global Warming of 1.5°C (SR1.5) (which we posted on here and here) and a little over a month before COP24. As UNFCCC Executive…
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The Paris Agreement and the Green Economy

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The adverse impacts of climate change are no secret. We are constantly reminded of the gloomy consequences that will arise at our continued rate of consumption without significant intervention. It is predicted that growing wage gaps combined with climate change will cause over 100 million people to fall into poverty. Moreover, this alarming statistic could…
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We can do more!

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After two weeks of negotiations in which we observed UNFCCC Parties, stakeholders, and all the people that make possible the Conference of the Parties (COP), I leave Bonn with several reflections. Parties do have the ability to achieve consensus and adopt the necessary decisions towards the implementation of the Paris Agreement. People all around the world are working…
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G77 + China: Perspectivas de la COP23

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Compuesto por 130 países, el G77 + China representa el grupo negociador más grande en la Convención Marco sobre el Cambio Climático (CMCC). El día de hoy durante su conferencia de prensa, la señora María Fernanda Espinoza en nombre del grupo, expresó los retos y debilidades de la COP23, así como los resultados positivos de…
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Future of the Adaptation Fund: Developing Countries vs. Developed Countries

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The Adaptation Fund (AF) is a mechanism created through the Marrakesh Accords but funded through the Clean Development Mechanisms (CDMs) described in the Kyoto Protocol. The intention of the COP in the creation of the AF is the facilitation and funding of adaptation projects in developing countries to strengthen their resistance to climate change. Two percent of…
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Adaptation and Climate Resilience – Help Wanted

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A recent National Academy of Sciences (NAS) half-day seminar – Climate Change Adaptation Investments and Measuring Effectiveness – considered a pressing suite of interrelated issues. As Timmons Roberts of Brown University (one of the moderators) stated, “[t]his seminar is not an academic exercise.” Developing countries urgently need climate change adaptation help and they want and…
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Mobilizing the Private Sector to Finance Adaptation

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Today at COP 22 the Japanese delegation hosted a side event at their pavilion about mobilizing the private sector to finance climate change adaptation. The panelists discussed ways to involve the private sector from regional, business, and public policy perspectives. The panelist from Bangladesh, Dr. Saleemul Huq, then present specific examples of how the private sector…
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LDCs – Concern, yet hope, entering Week 2 of COP22

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At the end of the first week, many were expressing concern that Marrakech’s purported COP of Action wasn’t measuring up for the world’s most vulnerable countries. Yesterday morning, Least Developed Countries (LDC) Chair, Tosi Mpanu Mpanu, identified troubles on key issues of ambition, adaptation / loss & damage, and climate finance. In particular, he noted…
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Counting On Big Bucks for Adaptation – More News from SB44

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Financing Adaptation was a big topic in Bonn at SB44 last month (see our SB44/APA1 overview here), and rightly so, with the newly released UN Environment Program (UNEP) 2016 Adaptation Finance Gap Report. The report states that current international public finance flows for adaptation are only one-third to one-half the amount needed right now. Additionally,…
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