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

Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (Text with EEA relevance)

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)

Japan's basic guidelines on climate transition finance

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

Singapore-Asia Taxonomy for Sustainable Finance | 2023 Edition

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.

Lessons and Recommendations from GGGI’s Provision of Support to Member and Partner Countries in 2020-2021 for NDC Enhancement.

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.

IMF press release no. 23/420

MDBs declare shared commitment to sustainable procurement, with a particular focus on decarbonizing supply chains. A working group was created to work on: 1) awareness building, outreach, and partnership, 2) building a common approach and identifying opportunities for harmonization, 3) training and development within the MDB community and for partner countries, 4) monitoring and communicating impact.

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.