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…
The local-global link in adaptation financing
Alice Caravani attended the recent Community Based Adaptation Conference (CBA8) in Kathmandu, Nepal, organised by IIED. In this opinion piece for ODI she reflects on experiences with adaptation financing in Nepal, and steps that can be taken to better align the priorities and decisions of international donors with the needs of those on the ground. http://www.odi.org.uk/opinion/8375-local-global-link-adaptation-financing
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…
Climate Finance: A few more fundamentals
As Qatar prepares to host COP 18, decisions on how to deliver and channel finance to help developing countries respond to climate change will again be on the agenda. Climate finance is mobilized in the context of UNFCCC principles that recognize countries common but differentiated responsibilities to act to address climate change. Despite fiscal pressures,…
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…