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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 01, 2024
As the urgency and scale of development and climate challenges become more obvious and alarming, we have seen a surge in interest in how multilateral development banks (MDBs) can help low- and middle-income countries meet these challenges. Much of that focus has been on the volume of their finance, ...
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 ...
Blog Post
November 30, 2023
The latest climate COP, or “Conference of the Parties to the United Nations Framework Convention on Climate Change,” got underway today in Dubai. It will be attended by thousands of delegates from governments, the private sector, media, and civil society, with two hectic weeks of events and negotiat...
Blog Post
November 28, 2023
Recent news that developed countries may finally have delivered on their promise to mobilise $100 billion of climate finance is welcome. But it is nowhere near enough to meet the aims of the Paris Agreement, and climate finance will continue to be an extremely contentious issue at COP28 in Dubai. So...
POLICY PAPERS
November 01, 2023
Central to implementation of the Paris Agreement are questions of “fair shares”: who might contribute what and whether the group of contributors should be expanded. There is a case for nontraditional donors providing 20-30 percent of any total, while developed countries continue to take primary resp...
Blog Post
November 01, 2023
With just a month to go before COP28, the question of climate finance is threatening to derail the negotiations. Failure to deliver on past promises have damaged trust, and current discussions around both the New Collective Quantified Goal (NCQG) and especially the promised Loss and Damage (L&D) Fun...