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

David Waskow, Director, International Climate Initiative at WRI shares that negotiators demand finding a middle ground on the topic of finance at #COP29?? Don't miss an update?? https://go.wri.org/cop29 #climatefinance #climatechange #sustainability #environment

The multilateral development banks are an essential part of the #ClimateFinance puzzle and are likely to play a big role in delivering the new international climate finance goal. It is therefore more important than ever that we understand how well #MDBs?are delivering on reforms to channel more, and better-coordinated, climate finance to the countries that need it most. In the latest installment of our series analyzing the annual Joint Report on MDBs Climate Finance, our experts lay out the current state of play, highlighting the good, the bad and the urgent. Check out the article: https://bit.ly/48XEl3K #DevelopmentFinance #SustainableDevelopment #COP29

New BBC reporting featuring takes from WRI's Ani Dasgupta highlights the areas of contention in the #ClimateFinance negotiations at #COP29. Read the full article: https://bit.ly/3Zgz9Vt

A lot is riding on the #NCQG negotiations at #COP29, but one thing is clear: representatives must leave Baku with a strong agreement on international #ClimateFinance. In our latest article, WRI’s Global Climate, Economics and Finance Program Director Melanie Robinson lays out the three essential elements that negotiators must reach consensus on this week. ?? https://bit.ly/3ZcKvJL

Ahead of the G20 Summit in Rio, the Biden administration confirmed that that U.S. international climate finance has reached over $11 billion a year by 2024?? According to the White House, this includes a six-fold scale up of adaptation finance to over $3 billion per year and achieving record-levels of climate investments through the U.S. International Development Finance Corporation and U.S. Export Import Bank. See statement on this from Melanie Robinson, Global Climate, Economics and Finance Director?? https://bit.ly/4fwE5Lw #COP29 #ClimateChange #Environment #ClimateFinance #Sustainability

Countries are saying, "show me the money" at #COP29???? Stientje van Veldhoven and Melanie Robinson explain why finance is at the top of everyone's mind and the big questions behind that. Don't miss an update. Check out the WRI Resource Hub?? https://go.wri.org/cop29

Natalia Alayza, Manager, Sustainable Finance at WRI Finance Center shares developments on conversations about the #NCQG at #COP29 ?? For more updates visit the WRI Resource Hub ?? https://go.wri.org/cop29

Multilateral Development Banks?have been and will continue to be a key channel for delivering #ClimateFinance, making it more important than ever that we understand how well MDBs are delivering on reforms to channel more, and better-coordinated, climate finance to the countries that need it most. Our experts unpack the numbers in the 2023 Joint Report on?#MDB Climate Finance and lay out the good, the bad and the urgent. ??MDBs delivered a record high level of climate finance in 2023.? ??The share of climate finance going to the most climate-vulnerable countries is decreasing.? ??Through increased collaboration between the banks, the MDBs have the potential to deliver even greater impact and scale. For more insights, check out the full article by Natalia Alayza,?Valerie Rouxel-Laxton,?Carolyn Neunuebel?and Joe Thwaites: https://bit.ly/48XEl3K #SustainableDevelopment #ClimateAdaptation #DevelopmentFinance

?? Are parties actually following through on their climate pledges? ?? A new WRI article tracks the progress towards some of the world’s biggest collective climate commitments, including promises to green the financial sector. ?? See where they stand: https://bit.ly/3CCWqYs #GreenFinance #SustainableFinance #ClimateCommitments #COP29