A new guide provides insights on how to access public and private climate finance resources. In the research paper for Mitigation Momentum, Ecofys has investigated the landscape of multilateral climate finance for Nationally Appropriate Mitigation Actions (NAMAs).
This publication seeks to inform practitioners on how to more effectively deploy resources towards private sector climate adaptation projects in the developing world. The report examines the evidence base on efforts to support private sector investment in climate adaptation.
Climate finance totaling $81 billion was mobilized for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015. This included $25 billion of MDBs’ direct climate finance, combined with a further $56 billion from other investors.
The global climate finance landscape has changed significantly since the establishment of the Climate Investment Funds (CIF) in 2008. New institutions have come to the fore, countries’ economic circumstances and investment needs have evolved, and climate-related risks have become clearer.
Given their convening power, technical expertise and their ability to mitigate risks, multilateral and national development banks are particularly well placed to coordinate these activities, globally, and at the regional and country levels.
A new report from the six large multilateral development banks (MDBs) breaks down their combined climate finance commitments in 2014, looking at mitigation, adaptation and regional investments. Over the four years since they began joint reporting, the MDBs have provided over $100 billion in climate finance.
International financial institutions and governments worldwide are pouring billions of dollars into building new and existing coal-fired power plants and expanding coal mining activities that worsen dangerous carbon pollution, according to a new report that calls for an end to all international coal financing, except in very rare circumstances.