Resources

This blog published in May 2023 by Climate Policy Initiative explores the interpretations of, and instruments for dealing with, Loss & Damage.

The Vulnerable Twenty (V20) Group of Ministers of Finance of the Climate Vulnerable Forum is a dedicated cooperation initiative of economies systemically vulnerable to climate change. The V20 works through dialogue and action to tackle global climate change.

International Capital Market Association

Clifford Chance

Finance for Development Lab

Columbia School of International Public Affairs

Climate Bonds Initiative

Climate Policy Initiative

World Wildlife Foundation

The Nature Conservancy

The IMF’s Resilience and Sustainability Trust (RST) helps low-income and vulnerable middle-income countries build resilience to external shocks and ensure sustainable growth, contributing to their longer-term balance of payments stability. It complements the IMF’s existing lending toolkit by providing longer-term, affordable financing to address longer-term challenges, including climate change and pandemic preparedness.

The PRGT is the IMF's main vehicle for providing concessional financing (currently at zero interest rates) to low-income countries.

Center for Global Development

The Coal to Clean Credit Initiative (CCCI) is a consortium of global experts, led by The Rockefeller Foundation and supported by the Climate Policy Initiative and South Pole.

The Energy Transition Accelerator (ETA) strives to curb global warming by catalyzing private investment in holistic energy transition strategies via innovative jurisdictional-scale carbon credits. This approach directly compensates developing countries for verified emissions reductions.

World Bank program to bolster the development of domestic carbon markets.

Center for Strategic and International Studies

The Global Solidarity Levies Taskforce (GSLT) was launched at COP28 and is co-chaired by Barbados, France, and Kenya. The goal is to bring member countries together to identify and build political will around feasible options for climate levies, complementing other global tax initiatives such as the OECD-led two-pillar corporate tax reform effort and the call for a UN tax convention. The GSLT aims to conclude its work at COP30 with an announcement on options for implementing international climate levies.

Domestic tax base erosion and profit shifting (BEPS) relates to tax planning strategies that multinational enterprises use to exploit loopholes in tax rules to artificially shift profits to low or no-tax locations as a way to avoid paying tax. The OECD/G20 BEPS Project equips governments with rules and instruments to address tax avoidance, ensuring that profits are taxed where economic activities generating them take place and where value is created.

Resolution on Promotion of inclusive and effective international tax cooperation at the United Nations - A/RES/78/230

CPI's work on the topic for capital mobilization

CSO calls for the idea to be further explored

Types of Guarantees

Multilateral Investment Guarantee Agency (MIGA)

GEMS database criticisms

GCF accreditation

The Bridgetown Initiative

The Sustainable Banking Network (SBN) is an informal and exclusive group of banking regulators and associations that are interested in sustainable banking policies, guidelines and practices. Its main objective is to facilitate the collective learning of its members and to support them in policy development to create drivers for sustainable finance practices.

The Green Climate Fund

The Central Banks and Supervisors Network for Greening the Financial System

Climate Bonds Initiative Principals for Transition

ASEAN Transition Finance Guideline

GFANZ Scaling Transition Finance and Real-economy Decarbonization, Supplement to the 2022 Net-zero Transition Plans report

Commission Delegated Regulation (EU) 2021/2139 of 4 June 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives (Text with EEA relevance)

Technology Roadmap for "Transition Finance" in Iron and Steel Sector

Guidance for Issuers June 2023

• At COP28 E3G, IDFC and Growald Climate Fund hosted a roundtable to discuss the challenges faced by PBD in financing a just energy and economic transition, with the intention to create a 1-year roadmap to organize the discussion on the topic for 2024.
• GCF programing priority for 2024 includes a Readiness and Preparatory Support pillar, with an enhanced focus on climate programming and direct access through improved access to readiness and preparatory
  support, and removing barriers faced by developing countries.

- Global Shield which aims provide and facilitate more and better pre-arranged protection against climate and disaster related risks for vulnerable people and countries.
- Africa Climate Risk Insurance Facility for Adaptation (ACRIFA), J23a financing Facility to catalyze the development and uptake of Climate Insurance solutions across Climate-sensitive agri-food value chains
- Insurance Development Forum Disaster Risk Reduction Task Force (https://www.insdevforum.org/working-groups/disaster-risk-reduction-task-force/)

MDB guarantee platform

The Next Phase of Indonesia Green Taxonomy: Transition Finance to Support Decarbonization

What the EU is doing to create an EU-wide classification system for sustainable activities.

CPI- GreenCape UK PACT South Africa on interoperability of South African taxonomy

The Fossil Fuel Subsidy Reform (FFSR) Initiative led by New Zealand.

This blog by Climate Policy Initiative highlights the need to lay out a comprehensive plan for de-risking climate finance with a domain-centric approach.

The EFSI aims to overcome current market failures by addressing market gaps and mobilising private investment. It supports investments in areas such as infrastructure, education, research and innovation, as well as risk finance for small businesses.

This working paper provides a framework for assessing the climate and social credibility of financial transactions that aim to accelerate a managed phaseout of coal-fired power plants globally.

The Rockefeller Foundation partnered with the Environmental Defense Fund, to facilitate a series of convenings that examined Just Energy Transition Partnerships (JETP) and how to scale these models to benefit the world's most vulnerable communities.

CMA 5 invited Parties to submit views on issues to be addressed as part of the 2024 workplan via the submission portal.

This publication is a result of the high-level roundtable organized by the Institute for Climate and Society (iCS), Climate Policy Initiative (CPI), the Brazilian Center for International Relations (CEBRI), and CONCITO.

Africa Heads of State Summit FAQs.

For the first time, IDA’s 21st replenishment policy package will align with the Corporate Scorecard. In the midst of these changes, IDA must demonstrate how it will maintain its additive value and show ambition on its environmental, social, and accountability standards. Bank information Centre.

This is the second volume of the report of an Independent Expert Group (IEG) that was commissioned by the Indian G20 Presidency.

The purpose of this document is to outline a multitier effort to improve the management of currency risk in cross-border debt finance to LICs/LMICs. This noteby TCX presents a package of mutually supporting policies and measures to catalyse and incentivize the provision of local currency-denominated loans or hard currency loans indexed to local currency.

On the sidelines of the Annual Meetings of the International Monetary Fund and the World Bank Group, Chief Financial and Risk Officers from all major multilateral development banks and other development financial institutions (jointly referred to as MDBs) convened with Credit Rating Agencies (CRAs) in Marrakech. World Bank News.

The callable capital of the World Bank and other multilateral development banks is the ultimate unknown quantity — but it shouldn’t be. An article by Devex.

Paper by MDB reform accelerator.

International coalition announced at COP28 and lead by Netherlands.

Fossil fuel subsidy reform initiative led by New Zealand.

Integrity Council for the Voluntary Carbon Market

Voluntary Carbon Markets Integrity Initiative

The Lightsmith Group, with funding from Nordic Development Fund (NDF) and the Global Environment Facility (GEF), is leading the Climate Resilience and Adaptation Finance and Technology-transfer facility (CRAFT) project. The funding will support development and launch of the first private sector investment strategy for climate adaptation and resilience solutions. Conservation International is the GEF Implementing Agency for this project.

A multi-stakeholder climate and blended climate finance platform, supported by public and private sector organizations that offer long-term loans for climate adaptation and mitigation investments in 19 of the most climate-vulnerable countries in the world, making the funding accessible through sources previously unattainable to participating countries.

InsuResilience Investment Fund (IFF), managed by BlueOrchard, combines resources from the private sector, in this case, impact funds, with technical assistance and concessionary first-loss guarantees from public institutions like the KfW Development Bank.

The interim secretariat of the United Nations Framework Convention on Climate Change (UNFCCC), Green Climate Fund (GCF) and United Nations Development Programme (UNDP).

The Fund for responding to Loss and Damage is now ready to accept contributions after the signing of key documents. The Fund will serve as a lifeline by providing critical and urgent support for those impacted by the devastating consequences of climate change. With this important milestone reached, the Fund is now expected to start financing projects in 2025.

Overview of the NDCs 3.0

UNFCCC NDC Registry

UNFCCC Global Stocktake Portal

The Climate Action Tracker is an independent scientific project that tracks government climate action and measures it against the globally agreed Paris Agreement aim of "holding warming well below 2°C, and pursuing efforts to limit warming to 1.5°C."

The MCFs have agreed to jointly develop and launch this platform as a single point of entry for navigating and exploring the MCF’s documents (including project documents and policies). This platform will serve as a knowledge tool to raise awareness of the value and impact of the MCFs, facilitate the exchange of information to enhance access to the funds, and promote transparency.

The report Accelerating Sustainable Finance for Emerging Markets and Developing Economies has been prepared by the Independent High-Level Expert Group appointed by the Brazilian G20 Presidency and the G20 Sustainable Finance Working Group.

Ad hoc work programme under the Meeting of the Parties to the Paris Agreement (CMA).

Advance version of the UNFCCC New collective quantified goal on climate finance.

In this statement, MDBs expressed their support to implementing the Paris Agreement, remaining firmly committed to support ambitious climate action.

This joint statement illustrates the common high-level priorities for the least developed countries (LDCs) and the small island developing States (SIDS) in the negotiations of the New Collective Quantified Goal on Climate Finance (NCQG).

Outcome document of the Fourth International Conference on Financing for Development.

Global Sovereign Debt Roundtable (GSDR) 3rd Co-chairs Progress Report.

Discussion Paper "The Common Framework and considerations for a swift debt relief mechanism" by Harry Deng, United Nations University Centre for Policy Research.

Green Climate Fund

European Centre for Development Policy Management

Climate Policy Initiative

Insight paper by the Centre for Disaster Protection

Introducing a mechanism to defer the payment of principal, interest, and other loan charges to the IBRD Flexible Loan and IDA credits in case of certain natural disasters.

Factsheet by the Inter-American Development Bank

The Global Solidarity Levies Taskforce (GSLT) was launched at COP28 and is co-chaired by Barbados, France, and Kenya. The goal is to bring member countries together to identify and build political will around feasible options for climate levies, complementing other global tax initiatives such as the OECD-led two-pillar corporate tax reform effort and the call for a UN tax convention. The GSLT aims to conclude its work at COP30 with an announcement on options for implementing international climate levies.

EU Tax Observatory

​​The IMF's Fossil Fuel Subsidies page examines the economic, environmental, and social impacts of energy subsidies, highlighting their contribution to climate change, fiscal burdens, and inefficient resource allocation

Fossil fuel consumption subsidies database for selected countries, 2010-2022

The Fossil Fuel Subsidy Tracker is a collaboration between the OECD and the International Institute for Sustainable Development (IISD) to track global estimate s on fossil fuels

Provides resources, funding, and guidance on making green supply chains more sustainable while addressing the social and economic impacts on communities and workers in transition

Outlines the role of sustainable sourcing and production in green supply chains for batteries, a key element in clean energy transition, covering everything from raw material mining to end-of-life recycling

It provides an overview of the topic, with connections to many resources, and it includes key actions for educators preparing students to participate in the just transition to a green and more inclusive economy.

The SCALE project explores the launch of a new scalable climate finance platform to provide the full range of equity, credit, and technical assistance to private companies whose technology and solutions address the impacts of climate change globally. Building on the lessons learned from the first private investment fund for adaptation and climate resilience, Lightsmith will map climate resilience companies, engage investors and funders, and design systems for the new platform strategy.

Under the 2024 Brazilian Presidency, focus on nature-based solutions financing by exploring innovative financial instruments and leverage risk-sharing to maximize private sector participation.

UNFCCC's Adaptation Private Sector Initiative (PSI) under the The Nairobi work programme: UNFCCC knowledge-to-action hub on adaptation and resilience, The Private Sector Initiative (PSI) aims to catalyze the involvement of the private sector in the wider adaptation community.

CPI Analysis finds the need to develop a taxonomy for tracking private sector finance in adaptation and build a machine learning model and dataset to support the expansion of its tracking.

CPI's Net Zero Finance Tracker (NZFT) provides the most comprehensive assessment of private finance institutions' progress on aligning their activities with Paris Agreement goals and delivering net zero impact.

The DGI-3 covers 14 recommendations addressing priority policy needs in the areas of: (i) climate change; (ii) distribution of household income and wealth; (iii) fintech and financial inclusion; and (iv) access to private sources of data and administrative data, and data sharing to improve the timeliness and granularity of official statistics.

The Carbon Market Regulations Tracker is developed to enhance the understanding and transparency of carbon market regulations, and support governments, project developers, investors, and other market participants in navigating the evolving regulatory landscape.

The World Bank's Carbon Pricing Dashboard provides details about direct carbon pricing instruments and carbon markets around the world.

This report focuses on the direct pricing of greenhouse gas emissions through carbon taxes, emissions trading systems, and carbon crediting mechanisms.

High-integrity carbon markets can be a win-win for people and the planet, potentially generating millions, if not billions, for countries on the pathway to low carbon development. While there are challenges, the potential of carbon markets needs to be tapped and fully utilized.

Well-designed, high integrity carbon markets can play a pivotal role in financing climate action in developing countries. However, several critical bottlenecks impede the growth of these markets. The 2024 State and Trends of International Carbon Markets report evaluates the progress made in addressing these bottlenecks, highlights the urgency of these issues, and proposes recommendations to ensure that carbon markets reach their full potential.

The Carbon Market Regulations Tracker is developed to enhance the understanding and transparency of carbon market regulations, and support governments, project developers, investors, and other market participants in navigating the evolving regulatory landscape.

Vision of the World Bank's Climate Warehouse

A UN Partnership Program, whose aim is to support members in working with stakeholders including investors, issuers, regulators, supervisors, policymakers, and international organizations to enhance sustainable finance.