Blog
International Finance Corporation Flashes Warning Signs for Green Climate Fund
The IFC doesn’t know what a lot of its money is doing, and that’s bad. Though the subject matter might at first seem a bit dull, a recent monitoring report of the financial sector lending of the International Finance Corporation (IFC) is a doozy for the warnings it provides to… Read More
Five things Trumps Paris Climate Speech got wrong in his attack on Green Climate Fund
Donald Trump announced this afternoon that the United States will begin the process of withdrawing from the Paris Agreement. During his remarks, Trump made a series of inaccurate and misleading statements about the Green Climate Fund in connection to his withdrawal decision. Read More
5 simple reasons to oppose HSBC and Credit Agricole at the Green Climate Fund
Either Wednesday or Thursday of this week, the Board of the Green Climate Fund will decide whether or not banking giants HSBC and Credit Agricole will become “accredited entities” of the GCF. Accredited entities are official partners of the GCF; they can receive and manage GCF funds. Here are five… Read More
COP Blog: Paris’s $100B question
Originally posted on Environmental Finance At the Paris COP, it is hardly possible to overstate the importance of climate finance – the provision of funds by developed countries for developing countries to take climate action. This money is critical to show poor nations that rich nations are making good on… Read More
112 groups demand grants and honest accounting for rich countries’ promised $100 billion in climate finance
In light of the recent release of the OECD report, “Climate Finance in 2013-14 and the USD 100 billion goal,” and the finance ministerial that took place in Lima, Peru on Oct. 9 on the sidelines of the World Bank/International Monetary Fund annual meetings, 112 groups from around the… Read More
Green Climate Fund faces worrisome developments with big banks, bad process
Developing countries urgently need money — and lots of it — to address climate change. To tackle this tremendous challenge, the international community is looking to the newly established United Nations Green Climate Fund to be the primary channel for multilateral climate finance for the poor and the vulnerable in… Read More
Green Climate Fund: Course correction needed?
Originally posted on Reuters The Green Climate Fund (GCF) is meant to be a new, innovative institution that will directly support climate action in developing countries, with a particular focus on the poorest and most vulnerable who thus far have had little access to climate finance. Further, the GCF… Read More
Getting climate finance right
Successful examples for the Green Climate Fund from around the world UN climate watchers are eager to see what projects and programs the Green Climate Fund finances out of the starting gate. The implications of the initial project pipeline are big — not only because they will set a precedent… Read More
Should the Green Climate Fund finance “less dirty” energy?
Originally posted on Reuters Many governments and financial institutions support the deployment of “less dirty” fossil fuels to fight climate change both domestically and internationally, and claim this is a sane, sensible approach. Let’s try applying this logic to smoking. A heavy smoker walks into her doctor’s office hacking… Read More
Dirty energy financed by the Green Climate Fund? Should we worry?
Many governments and financial institutions support the deployment of “less dirty” fossil fuels to fight climate change both domestically and internationally, and claim this is a sane, sensible approach. Let’s try applying this logic to smoking. Here’s a scenario. A heavy smoker walks into her doctor’s office hacking up a… Read More