WRI Finance Center

📝New working paper from WRI Finance researcher Natalia Alayza: "UNTANGLING THE FINANCE GOAL: An introduction to the new collective quantified goal." By 2025, negotiators must agree on the new collective quantified goal ("#NCQG") to succeed the $100B #climatefinance goal, using the previous goal as a floor. They will do this in the context of developing countries needs and priorities and countries' common-but-differentiated responsibility and respective capacities. But much remains to be decided. Key questions: 📅 TIMEFRAME: when will it cover? up to 2050, or shorter increments? can it be adjusted along the way? 🌀 SCOPE: what will it it cover? and especially, will it include #lossanddamage? ⚖️ QUANTUM: how much? and how will this relate to the other elements? ✋ CONTRIBUTORS: who contributes? are there different roles for different sets of countries? 🔍 TRANSPARENCY: how's it measured? what can we learn about reporting, quality and predictability from the $100B? Negotiators will start considering #NCQG this #COP28 including via a High Level Ministerial on Dec. 3 -- learn the basics now with our short working paper, out now! 👇 https://lnkd.in/ginXnE-u

Earlier this month, WRI's Natalia Alayza was in Lima, Peru at PPP Americas discussing how to increase private sector financing in the Amazon and what the climate and biodiversity outcomes at COP29 and COP16 mean for the private sector. Presented by the Inter-American Development Bank, in collaboration with the Ministry of Economy and Finance of Peru and ProInversión, the event brought together members of the public and private sectors for conversations on collaboration for the promotion of sustainable projects. #ClimateFinance #SustainableFinance #ClimateAction #GreenFinance

📝A draft deal was struck through the International Maritime Organization, requiring ships to pay a fee based on the carbon intensity of their fuel mix and is intended to spur the transition to lower-emission fuels. ❌🌎While a step forward, the deal falls short of the ambition the climate crisis demands, says WRI Ocean Global Director Tom Pickerell. Read the full statement: https://bit.ly/4if0MEk #maritime #shipping #fossilfuels #carbonemissions #shippingindustry #oceans #greenfuels #loweremissions #emissions #netzero

Peru is paving the way for a just transition ahead of the 2025 UN Climate Change Conference #COP30. Among many other countries, Peru is updating their climate goals and submitting their new Nationally Determined Contributions #NDCs under the Paris Agreement. Peru is rich in biological and cultural diversity, and benefits from a wealth of resources needed to power a successful transition to renewable energy. However, they are also faced with the challenges of inequality and protecting vulnerable populations. By incorporating the principles of a “just transition”, Peru stands the best chance to successfully shift to a low-carbon economy and meet its climate ambitions, while ensuring the benefits are shared equitably. Read the latest from WRI's Insights series on how the #JustTransition can benefit Peru here: https://bit.ly/3RM3c2u

Small island developing states and least developed countries are particularly in need of climate finance, especially for adaptation and loss and damage. Our NCQG deep dive explores who could receive climate finance, and how: go.wri.org/ncqg-finance-li #climatefinance #climate #NCQG #climategoals #lossanddamage #adaptation #climateadaptation #resilience #climateresilience #COP29 #COP30 #smallislandnations #development

National development banks (#NDBs) already provide one-fifth of #ClimateFinance globally, but they could be doing much more. NBDs have a unique combination of local expertise, a public mandate, and an ability to de-risk investments and provide local currency lending. This puts them in a prime position to facilitate sustainable transitions, but surveys show that, on average, green assets only account for 14% of their credit portfolios.   By empowering the NDBs, governments, international organizations, and the private sector can help them realize their potential to catalyze green transformations.   In their latest article, Carolyn Neunuebel, Gauri Atre, and Valerie Rouxel-Laxton highlight banks using innovative financial solutions to fuel sustainable development and outline ways that cooperation can help NDBs overcome their resource constraints to drive #ClimateAction. 📝: https://bit.ly/4lsN0Rr #GreenTransition #TransitionFinance #DevelopmentFinance #SustainableDevelopment

Kenya is quickly becoming Africa’s EV powerhouse — home to the continent’s largest electric mobility startup ecosystem.   Since 2018, @P4GPartnerships has directly supported 10 innovative startups through six e-mobility partnerships, playing a key role in shaping this dynamic market.   Their latest case study spotlights four of these game-changing partnerships and explores how they’ve helped drive major legal, regulatory and policy shifts in collaboration with the P4G Kenyan National Platform.   Read now and see how Sun Run (@e-safiri and @kiriev), @BasiGo, @FikaMobility and @mkopa are fueling the future of clean transport in Kenya: https://bit.ly/42lQqwD   #SustainableMobility #GreenGrowth #EVs #CleanTransport

💰In addition to curbing emissions, the world needs to invest substantial resources in building climate resilience and adapting to the climate changes already underway. Unfortunately, #AdaptationFinance levels fall far short of the current and projected global need. 🤝The private sector can play an important role in helping fill this gap. 📝Our experts lay out what you need to know about the current state of private investment in climate adaptation and ways to scale private capital's involvement: https://bit.ly/3RCdgLm #ClimateFinance #ClimateAdaptation #ClimateResilience #ClimateInvestment

We are looking for leadership! WRI’s Climate, Economics and Finance Program is #hiring a Senior Director for Finance and Private Sector. The new senior director will be responsible for shaping and delivering our work on increasing the quantity, quality and coherence of the financial system -- public and private, domestic and international -- for climate, nature and development. 🗓️ Applications must be submitted by Sunday, April 6. 📝 https://bit.ly/3FrhjaG 🌍The role can be based in WRI offices in Washington, D.C.; London, UK; The Hague, the Netherlands; Mexico City, Mexico; Brasilia, Brazil; Bogota, Colombia; Nairobi, Kenya; Addis Ababa, Ethiopia; Kigali, Rwanda; Delhi/Mumbai, India; Jakarta, Indonesia; or Beijing, China. #JobOpening #ClimateFinace #SustainableFinance #GreenJobs

Recognizing the financial risk posed by coal investments, 70% of the world's top 100 commercial banks have committed to exiting coal—easier said than done. As WRI experts Ye WANG and Yan Wang explain in their latest article, banks are deeply embedded in the entire coal value chain and untangling this web of investments requires ambition and innovation. They present a process to help banks reduce their coal exposure and outline how banks can work with clients and each other to drive the transition away from coal. https://bit.ly/3QRAFZ0 #CoalRetirement #TransitionRisk #TransitionFinance #CoalInvestment