INSIDER: What Should President Macron’s Climate Summit Deliver on Finance?

This briefing outlines a proposed public finance package for French President Emmanuel Macron's December 2017 climate summit to counteract reductions in U.S. climate finance and mobilize private capital for the Paris Agreement.

• The briefing argues that the December 12, 2017, summit in Paris must include high-level commitments from the private sector and a significant public finance package to be credible. This public finance commitment needs to be meaningful in magnitude, address both mitigation and adaptation, mobilize private capital, and be ready within nine weeks.
• To boost mitigation funding, the author proposes that the Clean Technology Fund (CTF) be allowed to reuse loan repayments, known as reflows. Estimated at $665 million between fiscal 2018-2022, these reflows could be front-loaded via bond issuance to unlock $1.4-1.6 billion for new projects, potentially mobilizing over $9 of co-financing for every $1 of donor capital.
• The briefing suggests that Canada, France, and Germany should convert approximately $1.1 billion in loans provided to the CTF into equity. This action would increase the CTF's assets backing bond issuance by 26 percent and allow the fund to engage in more innovative, high-impact ventures by increasing its risk tolerance.
• For climate adaptation, the author recommends new pledges to the Least Developed Countries Fund (LDCF) and the Adaptation Fund. The LDCF is noted for its ability to mobilize over $4 in co-financing for every $1 approved and for providing funding exclusively to the poorest countries.
• The proposed finance package is presented as a way to mitigate the impact of the United States' retreat from climate finance under President Donald Trump, whose budget request zeroed out contributions to the Green Climate Fund (GCF) and proposed deep cuts to environmental and bilateral development programming.

APA

Martinez-Diaz, L. (2017). INSIDER: What Should President Macron’s Climate Summit Deliver on Finance? World Resources Institute. https://www.wri.org/technical-perspectives/insider-what-should-president-macrons-climate-summit-deliver-finance

Chicago

Martinez-Diaz, Leonardo. INSIDER: What Should President Macron’s Climate Summit Deliver on Finance? World Resources Institute, 2017. https://www.wri.org/technical-perspectives/insider-what-should-president-macrons-climate-summit-deliver-finance.

Wikipedia

{{cite report |last1=Martinez-Diaz |first1=Leonardo |title=INSIDER: What Should President Macron’s Climate Summit Deliver on Finance? |publisher=World Resources Institute |date=12 September 2017 |url=https://www.wri.org/technical-perspectives/insider-what-should-president-macrons-climate-summit-deliver-finance |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{martinezdiaz2017insider, author = {Martinez-Diaz, Leonardo}, title = {{INSIDER: What Should President Macron’s Climate Summit Deliver on Finance?}}, institution = {World Resources Institute}, year = {2017}, month = sep, url = {https://www.wri.org/technical-perspectives/insider-what-should-president-macrons-climate-summit-deliver-finance}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }