Congress and International Climate Finance

A briefing by the Environmental and Energy Study Institute (EESI) exploring the role of the U.S. Congress in scaling international climate finance and the challenges associated with global financial institutions.

• The Paris Agreement is based on a 'grand bargain' where wealthier nations provide financial support to poorer nations to assist in combating the climate crisis, placing a critical responsibility on the United States as the world's largest economy.
• The World Bank faces internal tension as it attempts to balance its core mission of poverty elimination with the need to fight climate change and promote development without diverting resources meant for poverty combat.
• Proposals for the World Bank to host the Loss and Damage Fund have met resistance from some less developed countries due to historical mistreatment or neglect. Additionally, there is a misalignment of financial instruments, as the World Bank primarily issues loans while developing countries prefer the fund to be grant-based.

APA

Gries, L., & Christianson, M. (2023). Congress and International Climate Finance. Environmental and Energy Study Institute. https://www.eesi.org/briefings/view/102623cop

Chicago

Gries, Laura, and Maggie Christianson. Congress and International Climate Finance. Environmental and Energy Study Institute, 2023. https://www.eesi.org/briefings/view/102623cop.

Wikipedia

{{cite report |last1=Gries |first1=Laura |last2=Christianson |first2=Maggie |title=Congress and International Climate Finance |publisher=Environmental and Energy Study Institute |date=26 October 2023 |url=https://www.eesi.org/briefings/view/102623cop |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{gries2023congress, author = {Gries, Laura and Christianson, Maggie}, title = {{Congress and International Climate Finance}}, institution = {Environmental and Energy Study Institute}, year = {2023}, month = oct, url = {https://www.eesi.org/briefings/view/102623cop}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }