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

The briefing argues that President Macron's 2017 climate summit should implement a public finance package to offset U.S. budget cuts to the Green Climate Fund and other programs. The proposed package includes approving the reuse of Clean Technology Fund (CTF) reflows, converting CTF debt from Germany, France, and Canada into equity, and securing new pledges for the Adaptation Fund and the Least Developed Countries Fund (LDCF).

• The United States is reducing its role as a leading climate finance provider, with President Trump's budget request zeroing out contributions to the Green Climate Fund (GCF) and proposing deep cuts to bilateral environmental and development programming.
• The Clean Technology Fund (CTF) could unlock $1.4-1.6 billion for new projects between fiscal 2018 and 2022 if its governing body approves the reuse of loan repayments (reflows), estimated at $665 million for the same period, potentially by issuing bonds.
• Germany, France, and Canada are encouraged to convert approximately $1.1 billion in loans provided to the CTF into equity, which would increase the fund's assets for bond issuance by 26 percent and allow for higher-risk, high-impact ventures.
• To address adaptation needs, the document recommends new pledges to the Adaptation Fund and the Least Developed Countries Fund (LDCF), noting that the LDCF historically mobilizes over $4 for every $1 approved.

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} }