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Blog Post
May 31, 2024
The latest round of UNFCCC climate negotiations begins next week in Bonn. Climate finance—and in particular who should pay—remains a hotly contested topic as negotiators strive to make progress on the New Collective Quantified Goal (to replace the current $100 billion target) by COP29 in November 20...
Blog Post
November 30, 2023
The latest climate COP, or “Conference of the Parties to the United Nations Framework Convention on Climate Change,” got underway today in Dubai. It will be attended by thousands of delegates from governments, the private sector, media, and civil society, with two hectic weeks of events and negotiat...
Blog Post
November 28, 2023
Recent news that developed countries may finally have delivered on their promise to mobilise $100 billion of climate finance is welcome. But it is nowhere near enough to meet the aims of the Paris Agreement, and climate finance will continue to be an extremely contentious issue at COP28 in Dubai. So...
Blog Post
November 01, 2023
With just a month to go before COP28, the question of climate finance is threatening to derail the negotiations. Failure to deliver on past promises have damaged trust, and current discussions around both the New Collective Quantified Goal (NCQG) and especially the promised Loss and Damage (L&D) Fun...
Blog Post
October 11, 2023
Budget support offers direct financing to a country’s treasury to create more “fiscal space” for public programs. It has constituted some 14 percent of ODA on average, increasing to over 20 percent in times of crisis. No aid modality is more controversial. Critics argue that, without earmarking fund...
Blog Post
June 30, 2023
A focus on the direct benefits of climate finance investments ignores the indirect impact that climate finance may have had on making net zero targets more ambitious than they would otherwise have been. In this blog I show that these indirect benefits could be at least three times larger for each ye...