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Showing posts with the label climate finance

OECD climate finance report confirms increasing reliance on private sector and loans

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Guest blog by Bertha Iris Argueta Tejeda, Senior Policy and Advocacy Officer, Climate Justice Eurodad - the European Network on Debt and Development. She is an economist, and t focused on public policy in general and on the agricultural sector in particular. Originally published here. The OECD’s latest report on Climate Finance Provided and Mobilised by Developed Countries (covering 2013-2024) confirms a significant shift in how climate finance for Global South countries is being delivered. While the US$ 100 billion climate finance goal was exceeded for the third consecutive year, this is not being driven by increases in bilateral public funding, but by a growing reliance on private finance mobilisation and multilateral development banks (MDBs). Meanwhile, adaptation finance continues to lag behind despite growing needs in many vulnerable countries. This shift raises important questions about the future of climate finance under the   New Collective Quantified Goal (NCQG) , wh...

Guest blog: Towards sustainable investments in the ecological transition: the green taxonomy of the European Union

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Guest blog by Nicolas Berghmans who is a Research Fellow at IDDRI on Energy and Climate policies, specializing in the electrical sector. His work focuses on the integration of renewable energies into the electricity system and the governance of energy markets in Europe. The blog originally appeared on the IDDRI web site here.  The adoption in December 2019 of the regulation on the taxonomy of green activities (1) opens an ambitious project to achieve a European benchmark for sustainable finance. As technical discussions begin to determine the technical thresholds and criteria that will make it possible to define "sustainable", "transitioning" and "enabling" activities, it will be necessary to ensure, on the one hand, that these criteria are based on long-term decarbonisation pathways that are systemic, robust, transparent and shared by all stakeholders and, on the other hand, that they are well aligned with the objective of climate neutrality by 2050, ...

Guest blog: by Steve Waygood AVIVA Investors on Climate Change Agreement and Climate Finance

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Steve Waygood Chief Responsible Investment Officer, Aviva Investors  UN Secretary General Ban Ki-moon borrowed an aphorism attributed to Voltaire when he addressed the closing plenary of COP21: "We must not let the quest for perfection be the enemy of the public good."  He was thanking negotiators for the compromises that they had made in the pursuit of the Paris Agreement on climate change. Ban Ki-moon’s statement could equally apply to any analysis of the agreement itself. The deal marks an extraordinary moment in global history. Left unchecked, climate change would be the greatest market failure of all time, the greatest inequality of all time, and it would represent a social catastrophe. Instead, the unprecedented international accord now has the potential to be a game changer in the fight against climate change. As an insurance company, Aviva is very positive about the newly calibrated political ambition to pursue efforts to limit climate change to 1.5...