Just Transition and Finance

The World Bank: Financing Fossil Fuels and Hiding the Numbers

The IMF: Prioritising debt repayment over climate action

An unfair debt architecture is a major driver of the climate crisis. But it is being perversely pushed by the IMF and wealthy countries as part of their contribution in addressing climate change.

A new goal for climate finance

To fix climate finance, we need a new, more ambitious and clearly defined goal 2024 is a critical year for climate finance. One of the key areas of focus for negotiations in COP29 will be setting a new and more ambitious climate finance target. This new goal is known as New Collective Quantified Goal (NCQG).

The Private and Public Finance Fuelling the Climate Crisis

Making climate finance fit for a world in conflict

International trends show that conflict and instability are increasing.1 Countries affected by violent conflict are among the most vulnerable to the effects of climate change, but receive the least climate finance to help their populations adapt to climate change2 and address loss and damage. The finance these countries do receive, if poorly suited to their circumstances, can make conflict worse, ...

Delivering real change: getting international climate finance to the local level

With the rapid ratification of the Paris Agreement, international climate funds will be important in scaling-up developing countries climate action. Evidence shows climate finance reaching the local level as part of a coherent approach to climate action – delivers effective, efficient and sustainable results that enhance the impact of each dollar disbursed. This working paper explores the flows of...

Results of the Survey on Financial Regulators’ Initiatives Regarding Corporate Climate-Related Disclosures: ADBI–ADB Climate Finance Dialogue Progress Report

For the first time, at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), an agreement was reached to transition away from fossil fuels, triple global renewable energy capacity by 2030, and double global average energy efficiency, among other measures, in order to limit the global average temperature increase agreed in the Paris Agreement. Ther...

A transition approach to poverty reduction and climate finance: The missing link to implementation

The present paper is a product of the Global Council for Sustainable Development Goal 1. It proposes principles and a framework to guide policy and financing options on adapting to life in a changing climate and a green transition, while achieving poverty reduction goals. These principles reveal the need to take specific development contexts into account when designing strategies, policies and fin...

10 Things to Know About Climate Finance: 2024 New Collective Quantified Goal Edition

10 Things to Know about Climate Finance: 2024 New Collective Quantified Goal Edition provides a comprehensive overview of the state of climate finance, focusing on the critical role of multilateral climate funds in supporting developing countries' efforts to address climate change. It highlights the importance of the new collective quantified goal (NCQG) on climate finance, which must be set by 20...