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Climate Change Adaptation: Least Developed Countries Fund (LDCF) and Special Climate Change Fund (SCCF)
This publication explains the two funding windows and details two SCCF climate adaptation projects.
The G20 climate funds review must help finance reach the local level
The G20 is examining ways to improve the impact of the world's multilateral climate funds, aiming to make it easier for global South countries to access finance for climate action. Paul Mitchell and Pia Treichel make four recommendations to improve the system and increase accessibility for the communities on the front lines of the climate crisis.
Climate change opportunity and corporate investment: Global evidence
This paper investigates the impact of climate change opportunity on corporate investment using firm-level data from 34 countries between 2001 and 2021. There is strong evidence suggesting that firms exposed to climate change opportunities are significantly encouraged to increase investment, and the effect varies considerably across industries. We also find that the effect is more pronounced in cou...
Climate risk and future stock price crash: Evidence from U.S. firms
This study investigates the impact of climate risks on stock prices and explores the measures that corporate managers may take to stabilize their company's stock price in response to unexpected climate risks. We analyze a sample of U.S. firms from 1996 to 2022 and find that firms located in disaster-prone counties are associated with a higher risk of stock market crashes. The results indicate that...
Report on the monitoring of climate-related risk to financial stability
The Commission publishes a report on the monitoring of climate risks to financial stability in the EU. It takes stock of analytical work and policy responses carried out by the EU so far. The report is part of an ongoing learning process by regulators, supervisors and industry.
Tracking finance flows towards assessing their consistency with climate objectives
Achieving a low-greenhouse gas (GHG) development requires making finance flows consistent with this objective. In order to measure progress to date as well as inform future public action in this area, this paper calls for further efforts to track gross primary investments flows in new infrastructure and equipment and the refurbishment of such assets, as well underlying sources of finance. The prop...
Assessing net-zero metrics for financial institutions
Financial markets need clear information and credible metrics to inform climate-related investment and financing decisions. This report explores key challenges and opportunities related to the transparency, specificity and integrity of metrics to support the monitoring of financial institutions’ net-zero commitments. It provides an assessment of metrics put forward in five voluntary frameworks, id...
Forward-looking Scenarios of Climate Finance Provided and Mobilised by Developed Countries in 2021-2025
This technical note presents two forward-looking scenarios for climate finance provided and mobilised by developed countries in the context of the USD 100 billion goal set under the UNFCCC. The analysis of public climate finance provided is based on the stated intentions, pledges and targets of individual developed countries and multilateral development banks, as submitted for the specific purpose...
Climate Finance Provided and Mobilised by Developed Countries in 2013-18
This report is an update with 2018 figures to the previous publication Climate Finance Provided and Mobilised by Developed Countries in 2013-17. It provides insights on the evolution of the following four components of climate finance over the period of 2013-2018: bilateral public climate finance, multilateral climate finance (attributed to developed countries), climate-related officially supporte...
2020 Projections of Climate Finance Towards the USD 100 Billion Goal
The outcome of COP21 urged developed countries to scale up their level of financial support, over and above their initial finance pledges, with a concrete roadmap to achieve their USD 100 billion a year commitment by 2020. This note provides analytical support to country preparation of such a roadmap, assessing the scale of future climate finance as well as identifying and discussing some key unce...