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Sep 3, 2024 | 
odi.org | Laetitia Pettinotti |Tony Mwenda Kamninga |Sarah Colenbrander |Sustainability Programme
2024 is a critical year for international climate finance. Set to be formalised at COP29, it is hoped the New Collective Quantified Goal will learn from the challenges of its predecessor, the $100 billion climate finance goal. With many elements of the NCQG yet to be agreed, a lot of attention is being paid towards the 'collective' aspects of implementation, whether that is a burden-sharing mechanism or a broadening of the contributor base, as highlighted by the co-chairs of the NCQG process.
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Jul 17, 2024 | 
odi.org | Annalisa Prizzon |Bianca Getzel |Yue Cao |Sarah Colenbrander
Building on data analyses and an extensive review of the literature and policy documents of the seven largest MDBs (the World Bank and six regional development banks: AfDB, AIIB, AsDB, EIB, EBRD and IADB), this review offers a comprehensive overview and analysis of MDBs abilities to provide and finance GPGs.It aims to:Define what GPGs are and explain why they are underprovided.
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Jun 20, 2024 | 
odi.org | Laetitia Pettinotti |Yue Cao |Tony Mwenda Kamninga |Sarah Colenbrander
In 2022, signatories to the Kunming-Montreal Global Biodiversity Framework (GBF) committed to provide at least $20 billion a year to restore biodiversity in developing nations by 2025. Just one year out, we are far from achieving this goal. With 55% of global GDP depending on high-functioning biodiversity and a quarter of known species globally facing extinction, the stakes for both people and planet are astronomically high.
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Dec 14, 2023 | 
odi.org | Sarah Colenbrander |Sustainability Programme |Sara Pantuliano
The climate negotiations in Dubai have wrapped up to a mixed reception. Sultan Al-Jaber, COP28 President, has hailed the UAE Consensus as a 'historic package'. Leading progressive voices are also celebrating the beginning of the end of the fossil fuel era, from the International Energy Agency’s Fatih Birol to one of the architects of the Paris Agreement, Laurence Tubiana. However, the most vulnerable countries have expressed deep concern about the outcome.
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Nov 30, 2023 | 
phys.org | Sarah Colenbrander
Finance is poisoning international cooperation on the climate crisis.
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Nov 29, 2023 | 
theconversation.com | Sarah Colenbrander
Finance is poisoning international cooperation on the climate crisis. There is no longer any credible debate about the need to act on climate change, but tensions are flaring around the question of who should make the immense investments necessary to phase out fossil fuels and adapt to a more hostile climate. The rift between richer and poorer countries has consequently revived and the negotiations have once more descended into acrimony. How can the finance fight be resolved?
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Oct 4, 2023 | 
odi.org | Sarah Colenbrander |Laetitia Pettinotti |Yue Cao |Michai Robertson
Developed countries have an obligation to provide developing countries with climate finance to support their effective implementation of the UN Framework Convention on Climate Change and the Paris Agreement. The ‘developed’ and ‘developing’ country groups have starkly different responsibilities and capabilities with respect to the climate crisis.
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Sep 13, 2023 | 
climatechangenews.com | Sarah Colenbrander
As host of the G20 summit last weekend, Indian prime minister Narendra Modi was right to highlight the importance of debt relief. But he and other G20 leaders could have done more to recognise how economic reliance on fossil fuels has made debt crises worse. National debt burdens have reached catastrophic levels in over 50 countries. Sri Lanka, Ghana, Zambia and Pakistan are already restructuring their debt or negotiating bailouts to save their economies.
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Sep 13, 2023 | 
odi.org | Laetitia Pettinotti |Yue Cao |Tony Mwenda Kamninga |Sarah Colenbrander
In 2009, developed countries committed to providing $100 billion each year in climate finance by 2020. Despite an urgent need to ramp up financial support for developing countries, the target has yet to be hit. Responsibility for this failure lies on developed nations. But the collective nature of international climate commitments often shields countries with an acute responsibility for missing them.
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Jul 21, 2023 | 
context.news | Sarah Colenbrander
By comparison, cities are largely built of concrete, asphalt, brick and metal, which absorb and retain heat. Roads and buildings are often dark, trapping more heat than light colours. Driving, manufacturing and air conditioning also pump out hot air. The result? Cities all over the world are shattering temperature records. Looking forward, we face an even hotter urban future.
