Congress and International Climate Finance

The document summarizes a briefing on the U.S. Congress's role in international climate finance, highlighting the tension between poverty alleviation and climate action at the World Bank and the debate over the hosting and structure of the Loss and Damage Fund.

• The World Bank faces internal tension as it attempts to combat climate change and promote development without diverting resources specifically intended for the elimination of poverty.
• The selection of the World Bank as a host for the Loss and Damage Fund is contentious due to historical mistreatment of less developed countries and a misalignment of financial instruments, as the bank primarily offers loans while developing nations prefer grants.
• The United States is positioned as a critical actor in international climate finance due to its status as the world's largest economy and the 'grand bargain' of the Paris Agreement, which posits that wealthier nations should support poorer ones in combating the climate crisis.

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} }