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This report by the Climate Policy Initiative (CPI) examines the role of Vertical Climate and Environment Funds (VCEFs) in mobilizing private climate investment for emerging markets and developing economies (EMDEs). It identifies three strategic opportunities for VCEFs to increase their catalytic impact: implementing sequential financing to support projects from ideation to scale, increasing collaboration with the public development bank (PDB) ecosystem to reach local beneficiaries, and aligning funding with country-driven investment plans. The report emphasizes the need to address the high cost of capital in EMDEs to expand market depth and attract institutional investors.

This policy brief examines the potential for the South African G20 presidency to facilitate the rechannelling of Special Drawing Rights (SDRs) to Multilateral Development Banks (MDBs), specifically the African Development Bank (AfDB). It outlines the financial mechanisms for such a transfer, the political and legal hurdles preventing it, and the potential development impacts for African nations.

This report, prepared by an Independent High-Level Expert Group (IHLEG) for the Brazilian G20 Presidency and the G20 Sustainable Finance Working Group, reviews the Vertical Climate and Environmental Funds (VCEFs). It assesses the current climate finance gap in emerging markets and developing economies (EMDEs) and provides a strategic framework to optimize VCEF operations and enhance their ability to mobilize sustainable finance.

This report, prepared by an Independent High-Level Expert Group (IHLEG) for the Brazilian G20 Presidency and the G20 Sustainable Finance Working Group, reviews the operations of the Vertical Climate and Environmental Funds (VCEFs)—the Global Environment Facility (GEF), the Adaptation Fund (AF), the Climate Investment Funds (CIF), and the Green Climate Fund (GCF). The review identifies a fragmented global climate finance landscape and recommends a 'process integration' approach to enhance the Funds' collective impact. Key proposals include harmonizing accreditation and reporting, shifting from individual projects to country-driven investment platforms, and expanding the use of diverse financial instruments to mobilize more private and public capital for emerging markets and developing economies (EMDEs) and least-developed countries (LDCs).

This T20 policy brief argues that the global green transition is becoming unstable and incoherent due to a 'polycrisis' of interlinked challenges. It proposes that the G20 establish a multilateral framework for 'structural green transition policies'—defined as systemic, long-lasting, and general-purpose reforms—to coordinate investment, reduce policy risk, and provide concessional financing, particularly for the Global South.

This report by the Climate Policy Initiative evaluates the role of the Climate Investment Funds (CIF) within the evolving global climate finance landscape. It assesses the CIF's comparative advantage against other multilateral funds, such as the Green Climate Fund (GCF) and the Global Environment Facility (GEF), and recommends maintaining the CIF's operations to bridge investment gaps and support the implementation of Intended Nationally Determined Contributions (INDCs).

The World Resources Institute (WRI) hosted a workshop on 3 September 2014 in São Paulo, Brazil, to discuss the role of public and private financial institutions in scaling up climate finance. The event focused on the opportunities provided by international funds like the Green Climate Fund (GCF) and Climate Investment Funds (CIFs), as well as the use of innovative financial instruments to mitigate risks and overcome barriers to low-carbon investments in Brazil.