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This report analyzes how public development banks (PDBs)—including national, regional, and multilateral institutions—can overcome structural and market barriers to expand climate risk insurance in emerging markets and developing economies (EMDEs). It emphasizes the role of PDBs as intermediaries that can co-develop insurance products, bundle coverage with loans, and provide technical assistance to strengthen local insurance markets and enhance economic resilience against physical climate hazards.

This report by the Stockholm Environment Institute examines the global trend of 'green industrial policies' and the risks they pose to emerging market and developing economies (EMDEs). It argues that current policies in major economies often prioritize domestic benefits and geopolitical security over global fairness, potentially creating a 'two-speed' transition that hinders global climate goals. The document proposes several pathways to ensure a more inclusive transition, including scaled-up climate finance, technology transfer, and the adaptation of trade rules.

The Green Banks Design Guide provides a framework for selecting and supporting green bank formats in emerging markets and developing economies (EMDEs), detailing four primary institutional models and three options for international support to accelerate their development.

The State of Green Banks 2025 report by the Climate Policy Initiative (CPI) analyzes the global landscape of green banks, focusing on their role in bridging a USD 7.4 trillion annual climate funding gap. Based on survey data from 51 public financial institutions, the report identifies four primary models for green banks—standalone de novo banks, enhanced public development banks (PDBs), green facilities within PDBs, and country platforms—and evaluates their suitability for different economic contexts, particularly in emerging markets and developing economies (EMDEs).

The report provides an overview of global climate finance trends between 2018 and 2022, highlighting a total reach of USD 1.46 trillion in 2022 and noting significant disparities in growth between advanced economies and emerging markets and developing economies (EMDEs).

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.

The 2024 State of Cities Climate Finance report (SCCFR) assesses global urban climate finance flows and needs, highlighting a significant gap between current funding and the trillions required for mitigation and adaptation by 2030 and beyond.

This executive summary details a high-level roundtable convened on March 1, 2024, to establish a climate finance dialogue agenda during Brazil's G20 presidency. The document outlines a roadmap for Brazil to leverage its leadership in the G20, BRICS, and COP30 to reform the international financial architecture, promote 'country platforms' for investment, and address gaps in adaptation and nature finance to support Emerging Markets and Developing Economies (EMDEs).

This report by the Climate Policy Initiative (CPI) maps the landscape of cross-border guarantees used to mobilize private capital for climate finance in emerging markets and developing economies (EMDEs). Through a scoping analysis of 52 guarantee instruments from 34 entities, the report identifies a fragmented landscape dominated by debt-focused, climate-agnostic products that primarily cover commercial risks. It highlights significant gaps in coverage for low-income countries, equity investments, and political and currency risks, while providing recommendations for future research to scale these tools to meet the estimated USD 2.4 trillion annual need for green transitions in EMDEs.

This report by Climate Policy Initiative and E3G analyzes the financial interactions and Paris Agreement alignment of Multilateral Development Banks (MDBs) and National Development Banks (NDBs) in emerging markets and developing economies (EMDEs). It identifies a lack of comprehensive documentation on climate finance flows between these institutions and highlights significant divergence in how MDBs and NDBs mainstream climate considerations into their operations. The report provides recommendations to optimize operating models, clarify institutional mandates, and share technical expertise to scale up climate-related on-lending.