This report shows that for the first time, 100% of the value of the project finance loans identified in 2021 went to renewable energy projects. This is a considerable increase compared to 2020, where renewable energy loans accounted for 74%. Total funding for new energy projects in 2021 is 60% lower compared to 2017 levels.

The second edition of the State of Finance for Nature report reveals that nature-based solutions are still significantly under-financed. If the world wants to halt biodiversity loss, limit climate change to below 1.5C and achieve land degradation neutrality by 2030, current finance flows to NbS must urgently double by 2025 and triple by 2030.

Plastics leakage to the ocean and, more broadly, the environment has become a pressing issue for many developing countries.

India’s cooling strategy can simultaneously mitigate the heat related risks on lives and livelihoods, lower carbon emissions, and position India as a global hub for green cooling manufacturing. Severe heat waves, responsible for thousands of deaths across India over the last few decades, are increasing with alarming frequency.

Humanity is embedded in nature and depends profoundly on the goods and services it generates. Future economic development and well-being hinge on healthy and resilient ecosystems that provide our food and raw materials, drinking water, clean air, and the stability of the climate system.

India has charted ambitious goals for its energy transition. These include achieving 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources. Additionally, it has committed to reducing the emissions intensity of its GDP by 45% (compared to 2005 levels), also by 2030.

Liberia, due to its location on the west coast of Africa, within the tropical rain forest climate belt with heavy rain, is faced with high climate change risks, including cyclones, floods and rising sea levels.

The Gambia is vulnerable to the impacts of climate change from increases in temperature, decreases in rainfall, and a rise in the sea level, which affect millions of people and make adaptation more urgent. Rapid changes in climate tend to have severe effects on a country’s key economic sectors such as agriculture, tourism, and health.

Ghana is highly vulnerable to climate change due to its location along the Atlantic Ocean in a tropical climate zone. This increasingly exposes the country to the risks of climate change including rising sea levels, drought, higher temperatures and erratic rainfall, which negatively impact the socio-economic development of the country.

Macroeconomic and fiscal reforms are urgently needed to lift Nigeria’s development outcomes, which are severely constrained by inefficient use of resources, argues the new Nigeria Public Finance Review report.