The Network for Greening the Financial System (NGFS) collectively acknowledges that climate-related risks are a source of financial risk. Some members have extended this analysis to broader environmental risks finding that these are a source of financial risk as well. The members of the NGFS therefore call for collective action and Read More
UN Climate Change has welcomed the announcement of this year’s financial contribution made by Bloomberg Philanthropies to support its work on global climate action.
The funding strengthens the capacity of the UN Climate Change secretariat to support developing countries; undertake strategic outreach to promote climate action among all stakeholders including cities, Read More
The World Bank Group has announced that it will scale up support for both climate adaptation and mitigation in Africa during the third One Planet Summit. The summit is being convened by President Uhuru Kenyatta of Kenya, President Emmanuel Macron of France, Interim President of the World Bank Group, Kristalina Georgieva, Read More
The World Bank Group has made several announcements to scale up support for both climate adaptation and mitigation in Africa during the third One Planet Summit. The summit is being convened by President Uhuru Kenyatta of Kenya, President Emmanuel Macron of France, Interim President of the World Bank Group, Kristalina Georgieva, Read More
The World Business Council for Sustainable Development (WBCSD) has released a new paper highlighting how multi-technology structures could help companies reduce risks associated with renewable Power Purchase Agreements (PPAs).
The goal of the paper is to support continuing innovation in the way companies purchase renewable power for their operations.
A multi-technology PPA covers multiple Read More
The Board of the Green Climate Fund (GCF) has selected Yannick Glemarec to be its new Executive Director. The Board made the merit-based selection decision at its 22nd meeting at the GCF headquarters in Songdo, Republic of Korea, following an extensive global recruitment process. Glemarec will lead the Secretariat of Read More
The year 2018 concluded with the adoption of guidelines for implementation of the Paris Agreement on climate change and a warning by the Intergovernmental Panel on Climate Change (IPCC) that countries’ ambitions reflected in their Nationally Determined Contributions (NDCs) will not limit global warming to 1.5°C above preindustrial levels. In Read More
Six themes for what promises to be a critical year for reflecting on progress and scaling ambition
2019 will mark four years since the United Nations (UN) member states unanimously agreed on the Sustainable Development Goals (SDGs) as a blueprint for peace and prosperity for people and planet by 2030 – Read More
The World Bank Group has launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more than double what was achieved during FY15-18. Read More
The World Bank Group has announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action. The new plan significantly boosts support for adaptation and resilience, recognizing mounting climate change impacts on lives Read More