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This discussion paper analyzes the barriers to adopting climate risk insurance in municipalities within emerging markets and developing economies (EMDEs), where over 90% of losses remain uninsured. It identifies parametric insurance as a key solution due to its rapid payouts and simpler structure. The paper highlights a significant collaboration gap in the current ecosystem, where few programs engage directly with cities. To address this, it proposes three priority actions: establishing premium support mechanisms, enhancing municipal risk-layering capacity, and reforming regulatory environments to make insurance more affordable and financially viable.

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 methodology brief by the Climate Policy Initiative (CPI) details a four-pathway framework for tracking capital mobilization resulting from its support of innovative climate finance vehicles. The approach distinguishes between direct mobilization (capital flowing to vehicles) and indirect mobilization (capital flowing to end investees), aiming to provide a comprehensive view of how upstream technical assistance and grants catalyze downstream investment in climate mitigation and adaptation within emerging markets and developing economies (EMDEs).

This report by the Climate Policy Initiative and the Glasgow Financial Alliance for Net Zero examines the critical role of equity and catalytic equity in closing the clean energy investment gap in emerging markets and developing economies (EMDEs) to reach net zero goals by 2035.

This executive summary from the Climate Policy Initiative (CPI) details the expanded tracking of climate commitments across 170 public development banks (PDBs) between 2015 and 2024. The report finds that climate ambition among these institutions is plateauing and remains insufficient to address the global climate finance gap, with fewer than half of the tracked banks pledging full alignment with the Paris Agreement.

The Climate Policy Initiative (CPI) updated its tracking of climate commitments for the 70 largest public financial institutions (PFIs) in 2023, finding minimal progress in the adoption of net zero or Paris alignment targets since 2022.

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.