Category: News

Climate Funds Update highlights: May 2017

The biggest news in the last few weeks has been the US’s withdrawal from the Paris Agreement. One impact of this withdrawal is uncertainty over the delivery of the remaining $2 billion from the US’s $3 billion pledge to the Green Climate Fund (GCF). In response, however, many US state governors, mayors, university presidents, and businesses have reaffirmed their commitment to climate action.

Climate Funds Update highlights: November 2016

The UNFCCC COP21 in Paris left high expectations for COP22 in Marrakesh to deliver a ‘concrete road map’ for mobilizing the $100 billion in climate finance for developing countries by 2020. The Climate Finance team at ODI has been analysing the latest trends in mobilising public international climate finance through the: Updates to the data…

Climate finance highlights since July 2013

Climate Funds Update data is now current as of October 2013.  This brief note highlights new developments including pledges, approvals, and disbursements. New Climate Finance pledges July 2013 – November 2013: Pledges and deposits have been fairly static. The US has made the largest new deposits of USD 176 million to the Clean Technology Fund (CTF). The…

Climate Finance: A Few Fundamentals for 2013

Developed countries have provided finance to help developing countries respond to climate change through many different channels, including dedicated multilateral climate funds. The UNFCCC COP in Warsaw this week, it is hoped, will focus political attention on climate finance. A High-level Ministerial Dialogue, chaired by the Ugandan Minister of Finance and the Danish Minister of Climate Energy…

New update – June 2013

The Climate Funds Update data is now current as of June 2013. This brief note highlights new developments including pledges, approvals, and disbursements. New Climate Finance pledges March 2013 – May 2013: On 24th May 2013 Sweden’s government announced a new pledge to the Adaptation Fund of USD 15 million, making Sweden the biggest donor to the…

What was achieved during the Fast Start Finance period?

Developed countries agreed to deliver USD 30 billion in new and additional ‘fast-start finance’ (FSF) between 2010-2012 to developing countries, as a step towards mobilizing USD 100 billion per year from public and private sources by 2020. By the end of the FSF period, the self-reporting of developed country governments indicated that they had exceeded…

New update – March 2013

The Climate Funds Update data is now current as of March 2013. Since November 2012, countries have pledged and deposited money in a number of climate funds. The UK has pledged USD 147 million to the Clean Technology Fund and deposited USD 101 million. Sweden also made a new contribution to the Scaling-Up Renewable Energy Program for Low…

New update – November 2012

We have now updated all fund and project data through 15th November 2012. For more information on our latest publications in preparation of the COP meetings in Doha click here. Please contact the Climate Funds Update team with any questions or for further information.

New update – September 2012

The Climate Funds Update data is now current as of September 2012. Highlights from this update include: $160 million has been pledged and deposited to the Global Climate Change Alliance (GCCA), since September 2011, an increase of nearly 70%. This increase comes mainly from EC budget and from the EC Fast Start Finance. The GCCA is…

Following the Money: An Update on The Status of Climate Finance

Following the first meeting of the board of the new global Green Climate Fund, and as UNFCCC parties meet in Bangkok to take stock of progress in implementing the Durban Platform, Climate Funds Update reflects on major developments in climate finance over the last six months. Nearly $1 billion has been pledged to dedicated climate funds The UK, United…

New update – August 2012

We have now updated all fund and project data through 30th June 2012. Feedback on our new data visualisation tools would be welcome. Please contact the Climate Funds Update team with any questions or for further information.

The Fundamentals of Climate Finance

Smita Nakhooda introduces the updated Climate Finance Fundamentals publication series, released for the COP in Durban on Climate Funds Update. The series offers short, introductory briefings on various aspects of climate finance.    As parties to the UN Framework Convention on Climate Change gather in Durban this week, the issue of how to mobilise and channel the finance…