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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What’s cooking in the COP24 kitchen?

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The Polish Presidency addressed observers this evening about what remains to be negotiated on the Paris Agreement Implementation Guidelines before their impending deadline.  As the second week of COP24 comes to a close, tensions are high as the remaining items to be hashed out by high level Ministers run late into the evenings. This comes…
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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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Using Blockchain to Avoid Double Counting While Empowering Everyone to be Part of the Solution

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Today’s side event at COP24 for Blockchain Technology for Enhanced Climate Action emphasized the importance of distributed ledger technology (DLT) to accelerate mitigation solutions for climate change and empower non-country parties to work together. The event featured the Climate Chain Coalition founded just one year ago but already bringing together 140 organizations with a mission to…
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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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Private Investors Help Fight Climate Change

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The IPCC 1.5 special report cannot be ignored. Our current pace of environmental degradation will lead to disastrous consequences. Now is not the time to put our heads in the ground and pretend that climate change does not exist. You cannot deny that some force is taking place, changing the inventory of our resources. I…
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Answering Tough Questions on Agriculture

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The Koronivia Joint Work on Agriculture (KJWA) met for a second session on Monday and anticipates an informal meeting tomorrow. The second session offered few answers to questions posed in the first session but highlighted country and organization experiences implementing work related to agriculture and climate change with the help of constituted bodies. Countries found the examples…
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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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Show Us The Money!

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  Tension in the global climate finance community is mounting as the Katowice climate change conference approaches. The September effort to advance the Paris Agreement Work Program (PAWP) exposed deep historic divides on climate finance (reported here, here and here). And though the Green Climate Fund Board thankfully “righted its ship” a bit in October…
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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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IPCC special report leaves the world in dire straits

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In response to an invitation from the Parties of the Paris Agreement (PA), and pursuant to the Article 2 efforts to limit temperature increases well below 2°C, the IPCC prepared a Special Report on Global Warming of 1.5°C (SR15), released Monday, 8 October, 2018. Climate scientists sounded the alarm yet again, painting a dire picture…
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RE100 Businesses Pave the Way for Transitioning to Renewable Energy

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Ambition, pace, scale—these are the themes in shifting to an economy recognizing climate change. Companies pioneering this economic shift incorporated climate change as an significant factor in conducting business. One of the leading organizations spearheading this movement is RE100. RE100 is a collaborative movement uniting over 150 well recognized companies across the world to commit…
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A stumbling block at COP 23 – Finance

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The cost of mitigating climate change is estimated at 200-350 billion Euros (236-413 Billion USD) per year by 2030. It is a manageable sum in terms of a global burden, only 1% of global GDP. In terms of who pays and how much to pay, however, it becomes a disputed figure. For example, developed countries agreed…
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