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Report on the activities of the Secretariat
The GCF Secretariat report for 2023 details progress on six strategic objectives, highlighting a mix of target achievements and lagging indicators. While the Fund has increased its private sector financing and adaptation focus, it faces challenges with project implementation timelines, with only 49% of the portfolio rated 'on track' against a 70% target. The report also outlines the launch of the project-specific assessment approach (PSAA) and the progress of the second replenishment period (GCF-2), which had received over USD 7.25 billion in pledges as of September 2023.
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Document type: Report
ESS disclosure report form for subprojects
The document records the disclosure of environmental and social impact assessments and management plans for an e-mobility subproject in Panama City. It confirms that the subproject is classified as Category B and that required documentation was made available in English and Spanish on the Inter-American Development Bank (IDB) website and at a physical location in Panama City to comply with Green Climate Fund (GCF) policies.
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Document type: Report
Advancing inclusive cooperation on trade and climate
Hon. Keisal Peters, Minister of Foreign Affairs and Foreign Trade of St. Vincent and the Grenadines, outlines four priorities for inclusive cooperation on trade and climate. These include equipping the World Trade Organization (WTO) to handle sustainability issues through transparency and technology transfer, promoting the circular economy in SIDS, reforming the global financial architecture to improve climate financing access, and ensuring fairness and justice in global trade to prevent the disenfranchisement of small nations.
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Document type: Statement
Project Preparation Facility
The Caribbean Development Bank (CDB) is seeking GCF Project Preparation Facility (PPF) funding to design the BlueCo Caribbean Umbrella Coordination Programme. This 24-month preparatory phase involves 11 key activities, including baseline assessments, the creation of a Regional Blue Economy Framework, and the design of a Regional Coordination Mechanism. The programme intends to establish a long-term project pipeline to attract sustainable finance for a climate-resilient blue economy across multiple Caribbean SIDS, starting with an initial set of three to four high-impact projects. The request is supported by no-objection letters from several participating countries, including Barbados, Jamaica, and Trinidad and Tobago.
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Document type: Report
Eco-Social Contracts for the Polycrisis
The document argues that existing governance structures are insufficient to manage the disruptive trade-offs of the green transition. It proposes 'eco-social contracts'—frameworks for action that integrate social and ecological guarantees—to rebuild trust between citizens and states. The report examines policy tools such as Green Deals, degrowth, and circular economy models, while advocating for deliberative democratic mechanisms like citizens' assemblies and participatory budgeting to create a legitimate mandate for systemic change.
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Document type: Report
ANÁLISE DO MERCADO DE DÍVIDA SUSTENTÁVEL NA AMÉRICA LATINA E CARIBE 2022
The sustainable debt market in Latin America and the Caribbean (LAC) reached a cumulative total of USD 154.1 billion by the end of 2022. While the region represents only 4% of global sustainable debt, these instruments account for approximately 21% of the region's total debt volume from 2019 to 2022. The market is led by Chile, Mexico, and Brazil, with a strong presence of sovereign issuers and development banks. Key trends include the rise of sustainability-linked bonds (SLBs), the emergence of 'blue bonds' for ocean conservation, and the development of national taxonomies in Colombia and Mexico to standardize sustainable investments.
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Document type: Report
Estado del mercado de deuda sostenible en América Latina y el Caribe 2022
The VSS+ debt market in Latin America and the Caribbean (LAC) reached a cumulative total of $154.1 billion by the end of 2022. While the market experienced a volume contraction in 2022 due to global inflation and rising interest rates, it represents approximately 21% of the region's total debt volume from 2019 to 2022. Sustainable bonds are the largest segment (35%), followed by green (28%), social (19%), and sustainability-linked bonds (SLBs) (17%). Chile, Mexico, and Brazil are the primary markets, with Chile being the only country to have issued sovereign bonds across four of the five thematic labels. The report highlights the emergence of 'blue bonds' and nature-debt swaps in the Caribbean and Ecuador, and emphasizes the need for standardized taxonomies and improved reporting transparency to attract further international capital.
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Document type: Report
Latin America and the Caribbean Sustainable Debt State of the Market 2022
The LAC GSS+ bond market reached a cumulative total of USD154.1bn by the end of 2022. While 2022 saw a contraction in volumes, the market remains significant, accounting for an average of 21% of the region's debt. Sustainability bonds are the largest segment (35%), followed by green (28%), social (19%), and sustainability-linked bonds (17%). Chile, Mexico, and Brazil are the primary market drivers, with Chile leading in total volume at USD43.2bn. The report highlights the emergence of sovereign sustainability-linked bonds (SLBs), the potential of the blue economy, and the critical need for adaptation and resilience (A&R) financing. Key barriers include reporting inconsistencies and limited local capital market liquidity. The document recommends the adoption of national taxonomies, enhanced disclosure through platforms like the IDB's Green Bond Transparency Platform, and the use of innovative instruments to mobilize capital for the energy transition.
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Document type: Report
Environmental and social safeguards report form pursuant to para. 17 of the IDP
The report identifies Project GAIA as a Category I-1 private sector programme operating across multiple countries in Africa, Asia, and Latin America and the Caribbean. It confirms that an Environmental and Social Management System (ESMS), which includes frameworks for land acquisition, resettlement, indigenous peoples, and biodiversity management, was disclosed on June 23, 2023, in English and several local languages.
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Document type: Report
Fixing the Green Investment and Coherence Gap through Structural Green Transition Policies
The policy brief identifies a 'policy coherence gap' in the global green transition, where structural, long-term policies are being crowded out by unilateral industrial measures and short-term stimuli. It proposes that the G20 adopt a shared agenda to define and prioritize structural green reforms—such as natural capital investment and fossil fuel subsidy reform—to unlock concessionary financing and private investment for low-income and indebted countries. The authors present four options for G20 action, ranging from the status quo to a high-ambition multilateral framework that integrates debt-swap approaches and special drawing rights to facilitate a just transition.
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Document type: Policy brief
The Renewable Revolution
The document asserts that the world is in the midst of a 'renewable revolution' characterized by exponential cost declines and adoption rates for solar, wind, batteries, and electric vehicles. It identifies China as the current leader of this transition, which is sparking a global race to the top. The report claims that global fossil fuel demand peaked in 2019 and will enter terminal decline after 2025. By 2030, the authors predict that renewables will dominate sector sales and be significantly cheaper than fossil fuel alternatives, creating a 'renewable supercycle' for investors and a necessity for petrostates to reform. The report also highlights the potential for the Global South to leapfrog old technologies and the ability of renewables to drastically reduce air pollution deaths and environmental pressure compared to fossil fuels.
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Document type: Report
Media Development
The document explores the intersection of power, memory, and communication rights. It argues for 'archival justice' in the Caribbean to include oral traditions and non-traditional records previously excluded by colonial Eurocentric practices. It examines the systemic discrimination against Caribbean French Creole languages and advocates for their official recognition. Additionally, it discusses the 'Communication for All' framework as a human right, proposing its integration as a standalone UN Sustainable Development Goal (SDG 18) to support the African Union's Agenda 2063.
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Document type: Research paper
German-African Health Relations and the Need for Change
The author argues that German-African health cooperation is shaped by a colonial legacy and currently prioritizes European security and economic interests over African public health needs. While Germany promotes multilateralism and human rights, the document highlights contradictions in vaccine equity, intellectual property regimes, and the recruitment of African health workers. The author calls for a transition toward a partnership based on solidarity, climate and health justice, and respect for an 'African New Public Health Order'.
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Document type: Research paper
Summary report of activities by the IAI Directorate during the 2022-2023 intersessional period
The IAI Directorate reported progress in integrating gender and equity into scientific projects, enhancing the science-policy interface through the Science Diplomacy Center (SDC) and STeP fellowships, and implementing regional climate and health initiatives. Key achievements include the launch of a climate and health responder course for Latin America, the publication of a compendium on climate impacts in the LAC region, and the development of a drought information system for Southern South America. The Directorate also expanded its collaborative research actions with the Belmont Forum and established partnerships with organizations like the WMO and PAHO to improve climate risk assessments and early warning systems.
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Document type: Report
Informe resumido de las actividades de la Dirección Ejecutiva del IAI durante el período entre sesiones 2022-2023
The IAI Executive Direction reports progress across science, capacity building, and strategic implementation between 2022 and 2023. Key achievements include the establishment of a Gender, Equity, Diversity, and Inclusion (GEDI) committee, the launch of the Science Diplomacy Center (SDC), and the expansion of the Science, Technology, and Policy (STeP) Fellowship program to 64 fellows from 13 countries. The IAI also advanced regional initiatives on the climate-health nexus, drought information systems in South America, and collaborative research through the Belmont Forum. Strategic partnerships were strengthened with organizations such as the World Meteorological Organization (WMO) and the Pan American Health Organization (PAHO) to enhance climate risk assessment and science-policy interfaces in the Americas.
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Document type: Report
Making records and information management culturally relevant in the Caribbean
The document examines the disconnect between international Records and Information Management (RIM) standards and the cultural and economic realities of the Caribbean. It argues that current systems, often imported from the US, UK, Canada, or Australia, fail to account for informal cultural records—such as oral traditions and calypsos—and are frequently unaffordable or impractical. The author recommends that Caribbean information specialists treat international standards as foundations rather than templates, advocating for the creation of a regional information governance framework and the development of local training and storage solutions to ensure RIM is 'inherently Caribbean'.
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Document type: Research paper
Program Update: Science Technology and Policy (STeP) Fellowship Program
The STeP Fellowship Program aims to build human and institutional capacities in IAI member states to provide expert scientific advice for public policy on global change. Between 2022 and 2023, the program expanded its cohort to 64 fellows from 13 countries, providing training in science diplomacy, communication, and leadership. Key achievements include the graduation of the first cohort of 17 alumni in February 2023 and the development of science diplomacy projects covering topics such as the lithium supply chain, circular economy, and climate justice. The program is currently seeking financial support from the Gordon and Betty Moore Foundation.
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Document type: Briefing
Financing EbA for Marine and Coastal Resources
The document examines the funding gap for marine and coastal ecosystem-based adaptation (EbA), specifically within the SADC region. It analyzes various financing streams—including national budgets, international bilateral and multilateral funds, philanthropy, and private capital—while highlighting the challenges of access to finance due to economic categorizations. The paper emphasizes blended finance solutions, such as blue bonds and debt-for-nature swaps, using the Seychelles as a primary case study, and discusses the emerging potential of blue carbon markets. It concludes that public funding remains the dominant source and recommends that SADC countries integrate EbA into their Nationally Determined Contributions (NDCs) and establish independent trust funds to ensure long-term sustainability.
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Document type: Research paper
International Financial Institutions Reform: Bridgetown Agenda
The briefing examines the Bridgetown Agenda's proposals to reform the global financial system, specifically the IMF and MDBs, to address the intersection of climate change and sovereign debt in the global south. It argues that current governance structures and risk-averse capital adequacy frameworks hinder the flow of climate finance to vulnerable nations. Key recommendations include the rechanneling of Special Drawing Rights (SDRs) through the Resilience and Sustainability Trust (RST) and the implementation of G20 Capital Adequacy Frameworks (CAF) recommendations to increase MDB lending capacity without compromising AAA credit ratings.
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Document type: Briefing
SUPPORTING THE ENERGY TRANSITION IN BARBADOS
Barbados is partnering with Sustainable Energy for All (SEforALL) to create an Energy Transition and Investment Plan (ETIP). This plan aims to transition the island from a heavy reliance on imported fossil fuels—which accounted for nearly 95 percent of the energy mix in 2019—toward 100 percent renewable energy and full electrification of transport. The initiative focuses on evaluating technological pathways, scoping investment needs, and addressing human capacity gaps to ensure a just transition and energy independence.
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Document type: Case study