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

Indonesia, the world’s top coal exporter, is courting international investors to help the country achieve its ambitious net-zero targets by 2050. The potential for partnerships with China and the West in energy storage, domestic manufacturing, and industrial decarbonization offers a clear pathway to accelerate Indonesia's clean energy transition. Join The Wilson Center on December 5th at 8 PM ET for an insightful discussion on the opportunities for clean energy collaboration between Indonesia and China featuring Fabby Tumiwa, Ghee Peh and Shuang Liu. ?? RSVP to the webinar: https://bit.ly/4fA9mNB #ClimateAtWilson #CleanEnergy #NetZero #EnergyTransition #TransitionFinance

Despite major headwinds, negotiators in Baku eked out a deal that is an important downpayment toward a safer, more equitable future. Though the agreement at least triples climate finance flowing to developing countries, the $300 billion goal is not enough. The poorest and most vulnerable nations are rightfully disappointed that wealthier countries didn’t put more money on the table when billions of people’s lives are at stake. This deal gets us off the starting block. Now the race is on to raise much more climate finance from a range of public and private sources, putting the whole financial system to work behind developing countries’ transitions. The year ahead offers numerous opportunities to raise the bar for climate finance, from development banks, the private sector, major economies and more — including through international taxes. We must seize all of them. Greater confidence that investments are coming will unlock more ambitious national climate commitments. This in turn sends a clear signal to investors to back the action we need. The hard work now begins to show a route to scaling up all sources of finance to deliver the $1.3 trillion developing countries need by 2035. See my full statement from World Resources Institute: https://lnkd.in/gAbgHwcN

"We should leave Baku with a goal that at least gets to $300 billion a year by 2035" ?? ?? As #COP29 comes to an end, WRI's Climate, Economics and Finance Program Director, Melanie Robinson share her thoughts. #NCQG #ClimateFinance

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