A new report finds that implementing a bundle of currently available technologies and practices across six emerging countries could collectively cut annual emissions from key urban sectors by 87–96% by 2050 beyond countries’ initial commitments under the Paris Agreement. But achieving these benefits will require the full support of national governments.
Blog Posts: finance
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by and - For China to be a climate leader, commitments to climate action cannot stop at the nation's borders. For the first time, China’s Ministry of Ecology and Environment Chinese environmental ministry endorsed a plan to discourage overseas investment in coal and address China’s burgeoning environmental footprint abroad. This “traffic-light” system could avert billions of dollars in coal finance and over 50 GW of unnecessary coal capacity.
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by and - The Green Climate Fund (GCF) is a central pillar of international climate finance, and the funding mechanism known as “direct access” is an exciting part of the GCF’s innovative approach to financing and commitment to equitable finance. A new paper from WRI explores the GCF’s progress on direct access and proposes ways to fully realize the potential of this approach.
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by , and - CAW partnered with green finance experts Encourage Capital and WRI to pioneer the first-ever certified green bond to acquire forests for watershed protection. This bond offers important lessons to invest in forests for water quality
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Developing countries increasingly face the prospect of multiple shocks striking simultaneously or in rapid sequence, partly because of climate change. The current disaster risk architecture is not well suited to equip countries to cope with these compound shocks. We call for two major changes to the architecture to incentivize pre-disaster investment and adaptation.
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by and - As African governments design their economic recovery plans from the coronavirus pandemic, they must consider access to affordable and reliable electricity.
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by - To bolster U.S. influence and impact as it reengages in global climate action, the Biden Administration must prioritize climate finance in four key areas.
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by - The global market system is designed to maximize profit while meeting people’s needs, but it's done so by becoming the single-most environmentally destructive force on the planet. It's time to change the rules.
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by - Three case studies show how developing cities can implement land value capture to generate significant public revenue and support equitable urban development.
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by and - The developing world is facing a major debt crisis, limiting their ability to spend on economic recovery for COVID-19 or climate action. Creditor countries — specifically China, the largest bilateral creditor to developing countries — can exchange this for clear, verifiable climate action and investments in healthcare.
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