Joe Thwaites

Washington, D.C.

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Articles

Analysis: Why the US$300 billion climate-finance goal is even less ambitious than it seems

Dec 5, 2024 | eco-business.com | Josh Gabbatiss |Joe Thwaites

The goal was welcomed by global-north leaders and presented as a “tripling” of the previous target for international climate finance. Yet it faced a strong backlash from many developing countries, with some branding it a “joke” and “betrayal”. Closer analysis of the goal and climate-finance data helps to explain this response. Analysts have shown that the target is achievable with virtually “no additional budgetary effort” from developed countries, beyond already-committed increases.
How to deliver the new climate finance goal

Nov 27, 2024 | nrdc.org | Joe Thwaites

Nine years after governments agreed to do so at COP21 in Paris, the world’s governments meeting at COP29 in Baku have at last set a new collective quantified climate finance goal (NCQG) for the post-2025 period.
COP29: Six key reasons why international climate finance is a ‘wild west’

Nov 15, 2024 | eco-business.com | Joe Thwaites

At the COP29 climate summit, nations must decide on a new global goal to replace the existing target of US$100 billion each year. Delivering this money is widely viewed as important for helping vulnerable nations in the global south and maintaining trust between countries in UN climate talks. Yet, for decades, climate finance has been plagued by accusations of exaggerated numbers, poor transparency and money going to “questionable” places.
Multilateral Development Bank Climate Finance: The Good, Bad and Urgent

Nov 14, 2024 | wri.org | Natalia Alayza |Valerie Laxton |Carolyn Neunuebel |Joe Thwaites

MDB Climate Finance SeriesFor the past eight years, we have analyzed MDBs’ Joint Reports on Climate Finance and highlighted key takeaways behind the headlines. Editions include 2016, 2017, 2018, 2019, 2020, 2021 and 2022. Multilateral development banks (MDBs) are major providers of the climate finance vulnerable nations need to reduce emissions and adapt to climate change.
Getting from Here to There: Scaling Up Climate Finance for the NCQG

Oct 21, 2024 | nrdc.org | Joe Thwaites

Co-authored with Charlene Watson (ODI), David Ryfisch (Germanwatch), and Eleonora Cogo (ECCO)Editor's note: originally published 21st October 2024, updated on 13th November 2024 to take account of new data from MDBs on their 2030 estimated climate finance provided and mobilized. At COP29 this November governments are set to agree a new collective quantified goal (NCQG) for climate finance, as mandated by the 2015 decision adopting the Paris Agreement.
Rich countries met US$100 billion climate-finance goal by ‘relabelling existing aid’

Jun 5, 2024 | eco-business.com | Josh Gabbatiss |Joe Thwaites

Newly released figures suggest that developed nations achieved their goal of raising US$100 billion in climate aid for developing countries in 2022 – two years after the deadline. The Organisation for Economic Co-operation and Development (OECD) says these countries raised US$115.9 billion for climate-related projects, following a record surge in spending.
What Might the New Global Climate Finance Goal Look Like?

Apr 22, 2024 | nrdc.org | Joe Thwaites

Climate change is a story of injustice. The people and communities who have done the least to cause the problem, and who have the fewest resources to deal with it, are hit first and worst by the impacts.
How the U.S. can still meet its global climate finance pledges

Apr 15, 2024 | nrdc.org | Joe Thwaites

In 2021, President Biden committed to increase U.S. international climate finance to over $11.4 billion per year by 2024. Of this, $3 billion per year was committed to investments in adaptation – historically underfunded – as part of the President’s Emergency Plan for Adaptation and Resilience (PREPARE).
Eight ways the United States can help mobilize loss and damage funding

Jan 9, 2024 | nrdc.org | Joe Thwaites

Co-authored with Rennie Jones, NRDC's 2023 Moran Environmental Fellow. Rennie is a Masters in Environmental Management candidate at the Yale School of the Environment, specializing in international climate policy and climate migration. Hurricanes, wildfires and even slower-onset climate impacts, like rising sea levels, are outstripping the ability of many communities—particularly the poorest and most vulnerable—to cope.
COP28 Climate Fund Pledge Tracker

Dec 1, 2023 | nrdc.org | Joe Thwaites

Debates about funding are always a major feature of UN climate negotiations. The big injustice of the climate crisis is that the poorest and most vulnerable communities, who have done the least to cause the problem, are hit first and worst by the impacts.