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Blog Post
June 03, 2024
It is time for an update to the $100 billion climate finance goal that was agreed to in 2009 as part of the United Nations Framework Convention on Climate Change process. In April, Cartagena hosted the first meeting under the ad hoc work programme on the new collective quantified goal on climate fin...
Blog Post
February 21, 2024
So: how do donor governments actually use their subsidies to the private sector to support mitigation and development projects around the world? The process usually starts with a private company (the project sponsor) asking a development finance institution (DFI) like the World Bank Group’s Internat...
Blog Post
February 20, 2024
In a new note, I suggest there’s little evidence that aid (official development assistance, or ODA) spent on climate mitigation is actually reducing emissions. That’s not to say the finance is wasted: much will have been spent on projects with considerable development impact and some, surely, reduce...
CGD NOTES
February 20, 2024
An increasing proportion of official development assistance (ODA) is being dedicated to climate, and climate mitigation in particular. Even were that spending highly effective, and despite reaching about $30 billion in 2020, it is not large enough to finance investment that would significantly slow ...
Blog Post
February 08, 2024
What’s the best way for a think tank fellow to demonstrate they’re washed up? Say there’s no need for new policy. And yet…
This year, donors will negotiate the replenishment of the World Bank’s soft lending arm, IDA. World Bank president Ajay Banga wants to the replenishment amount to be the bigges...
Blog Post
February 06, 2024
The World Bank’s Independent Evaluation Group has just issued a “Focused Assessment” of the IDA Private Sector Window, looking at the PSW’s first five years of operation. The PSW, launched in 2018, uses $5.6 billion of World Bank IDA financing to subsidize IFC and MIGA investments in the private sec...
Blog Post
December 06, 2023
This year’s, COP, the big UN climate conference, opened with the Independent High-Level Expert Group in Climate Finance saying trillions of dollars were required annually for developing countries to meet climate goals, the ONE campaign documenting that donors had utterly failed to deliver on their e...
CGD NOTES
December 06, 2023
Marginal abatement cost curves, which suggest the cheapest approaches to reducing carbon emissions, are out of favor in international climate finance discussions because they are not good tools to use when thinking about systemic and urgent change. On the other hand, international financing studies ...