Search Climate Insights Directory

The document expresses disappointment over the Green Climate Fund's (GCF) accreditation of Deutsche Bank, the World Bank, the European Bank for Reconstruction and Development (EBRD), and the Inter-American Development Bank (IDB). The signatories argue that accrediting entities with poor human rights records and heavy investments in coal and fossil fuels contradicts the GCF's goal of supporting low-carbon, climate-resilient societies. They further criticize the accreditation process as non-transparent, alleging that the Board approved applicants in blocs, which encouraged 'political horse-trading' and ignored critical information about the track records of the institutions involved.

The Center for International Environmental Law (CIEL) warns that Section 912(b)(15) of the Customs Bill would hinder climate mitigation by preventing trade agreements from requiring changes to U.S. law regarding global warming. CIEL argues this would leave domestic policies vulnerable to trade challenges, weaken U.S. bargaining power in UNFCCC and CITES negotiations, and block the use of trade agreements to phase out fossil fuel subsidies or promote green technologies, specifically citing risks to the Transatlantic Trade and Investment Partnership (TTIP) and U.S.-China climate cooperation.

The GCF Secretariat report for mid-March to mid-June 2015 details progress in accreditation, readiness support, and the development of a project pipeline. It highlights the achievement of the Fund's effectiveness threshold with approximately US$ 5.47 billion in contributions and the review of 76 public sector concept notes requesting US$ 3.4 billion. The report also outlines the activities of the Private Sector Facility (PSF), including the review of 48 potential project ideas totaling US$ 3.1 billion, and the Secretariat's engagement with UNFCCC thematic bodies and other climate funds to ensure policy coherence.

The Green Climate Fund is developing a template accreditation master agreement (AMA) to formalize legal arrangements with accredited entities, utilizing a 'fit-for-purpose' approach that tailors conditions to an entity's specific accreditation scope. The draft incorporates existing Fund policies on fiduciary standards, environmental and social safeguards, and gender, while using placeholders for pending policies on fees and fraud. Consultations with entities accredited under decision B.09/07 have highlighted concerns regarding compliance and fees, with the Secretariat planning to circulate a discussion draft in June 2015 and conduct face-to-face meetings in July 2015.

The Green Climate Fund (GCF) is establishing a monitoring and accountability framework for its accredited entities (AEs). The framework focuses on two main pillars: monitoring compliance with fiduciary, environmental, social, and gender standards, and monitoring project implementation performance. Accreditation will be valid for a fixed term of five years or less, with a renewal process based on compliance and performance records. Monitoring includes annual AE self-assessments, mid-term Secretariat missions, and a second-level monitoring system using web-based tools. The framework introduces a 'watch list' for entities showing 'red lights' such as repeated reporting failures, with remedies ranging from readiness support to the potential withdrawal of accreditation. Local monitoring will be supported by National Designated Authorities (NDAs), local agents, and civil society organizations.

The Green Climate Fund (GCF) reports progress on its Readiness and Preparatory Support Programme, which aims to assist developing countries in accessing Fund resources. Between 28 April and 18 June 2015, the total number of nominated national designated authorities (NDAs) or focal points rose to 127, and the total number of readiness requests reached 74. The Secretariat finalized grant agreements totaling US$ 1.9 million for seven countries: Comoros, Dominican Republic, Ethiopia, Federated States of Micronesia, Rwanda, Thailand, and Togo. The programme operates across five activity areas, including NDA strengthening, strategic framework development, accreditation support, project pipeline creation, and information sharing. Capacity-building efforts include regional workshops in El Salvador and South Korea, with future events planned for Fiji and Egypt, as well as headquarters visits for delegations from Mongolia and Fiji. The GCF is also coordinating with partners such as UNDP, UNEP, and the African Development Bank to ensure complementarity in readiness support.

The Ministry of Environment and Natural Resources of Guatemala, acting as the national focal point, formally nominated the Central American Bank for Economic Integration (CABEI) for accreditation by the Green Climate Fund on June 18, 2015.

The Green Climate Fund reported total administrative expenditures of US$ 4.5 million against a US$ 19.3 million budget for the first four months of 2015. As of 31 March 2015, signed contributions totaled US$ 171.2 million, with US$ 63.1 million in total resources available net of funding decisions. Secretariat spending reached US$ 3.6 million, while Board expenditures totaled US$ 655,209. Readiness programme expenditures reached US$ 0.26 million by 30 April 2015, with the Fund engaging approximately 60 countries. Additionally, a US$ 1.4 million special contribution from the Republic of Korea for headquarters equipment was fully exhausted by April 2015.

The policy brief argues that current carbon pricing mechanisms, which use free allowances to prevent carbon leakage in industrial sectors, eliminate the price signal for mitigation beyond primary production efficiency. To address this, the authors propose 'Inclusion of Consumption,' where a consumption charge is levied on carbon-intensive materials (such as steel, aluminum, and clinker) based on benchmark emission values and the carbon price. This charge would apply to all domestic consumption regardless of origin, making it compatible with WTO law. The mechanism would use duty suspension arrangements to track materials through the value chain, with the charge becoming due only when the good is released for consumption. The brief notes precedents in Asia (South Korea, China, Tokyo) regarding electricity consumption and discusses potential implementation in Europe and the United States.

The policy brief examines the potential for linking the EU ETS with other carbon markets, specifically focusing on ongoing negotiations with Switzerland. It argues that while linking can increase cost-efficiency, it risks reducing overall emissions abatement, lowering domestic investment, and undermining the EU's target of at least 40% domestic emissions reductions by 2030. The author highlights a lack of transparency and democratic oversight in current linking procedures and recommends that any future linking be accompanied by increased EU emission targets and strict criteria regarding target stringency, the use of offsets, and price/supply controls.

The report examines the feasibility of linking the EU ETS with various global carbon markets, highlighting that success depends on harmonizing design features such as target stringency, offset rules, and price controls. It analyzes the successful California-Quebec linkage and the failed EU-Australia attempt, while evaluating the compatibility of the EU ETS with markets in Switzerland, China, South Korea, New Zealand, Kazakhstan, and the US RGGI. The author recommends that the EU ETS adopt safeguards used elsewhere, such as auction floor prices and banking limits, to address oversupply and price volatility.

null

The report examines the concept of 'Green Growth' and its potential to unblock international climate negotiations. It identifies a lack of a unified definition among stakeholders—including economists, the private sector, and civil society—and notes that while some developing nations have adopted the framework, major powers like the US, China, and the EU have not. The document argues that the narrative can gain traction by evidencing climate co-benefits and aligning with the Intended National Determined Contributions (INDC) process. Case studies from Brazil, India, and Colombia illustrate how these principles are applied domestically, though challenges such as low loan take-up in Brazil and the need for affordable technology in India persist.

The document examines South Africa's 2014 five-point plan to mitigate electricity shortages, which includes emergency measures, cogeneration, gas substitution, coal independent power programmes, and nuclear and renewable energy exploration. It highlights a lack of clarity in government prioritisation of energy sources and notes that private sector confidence is waning, as evidenced by companies like Sibanye Gold Limited seeking energy independence. The author argues that the government must update the Integrated Resource Plan (IRP) 2010-2030 and provide a transparent assessment of the financial viability and suitability of different energy sources, particularly regarding the high costs and long lead times associated with nuclear and coal investments.

The report argues that sustainable urban design, guided by 'The 8 Principles' (Walk, Connect, Transit, Cycle, Mix, Densify, Compact, Shift), delivers significant environmental, economic, and social benefits. It provides a comprehensive review of data from Chinese cities and international examples to demonstrate that reducing car dependence and increasing density improves air quality, boosts property values, and enhances public health. The document specifically highlights China's unprecedented scale of urbanization as a critical area for applying these principles to avoid the pitfalls of 'superblocks' and car-centric planning.

The International Institute for Sustainable Development (IISD) advocates for a stringent cap-and-trade system, the elimination of fossil fuel subsidies, and the integration of climate adaptation into infrastructure and building codes to advance Ontario's climate goals.

The BRICS Contingent Reserve Arrangement (CRA) is currently viewed as a symbolic initiative rather than a substantive challenger to the IMF due to its limited size and reliance on IMF-linked conditionality. Established with a $100 billion pool, the CRA provides liquidity and precautionary instruments to address short-term balance of payments pressures. However, 70% of requested funds are 'IMF-linked', requiring a conditionality-based agreement with the IMF, which the authors argue undermines the CRA's purpose as a counterweight to Western-dominated institutions. Drawing on the evolution of the Chiang Mai Initiative Multilateralization (CMIM), the document recommends that the CRA establish its own macroeconomic surveillance facility, increase commitment sizes, and reduce or eliminate the IMF-linked portion to ensure participating countries' independence.

The document examines the shifting diplomatic strategies of middle powers in a multipolar world, contrasting the approaches of the MIKTA grouping, South Africa's alignment with BRICS, and Canada's shift toward strategic consolidation with Western allies.

The Green Climate Fund (GCF) is positioned to become the largest multilateral institution for climate adaptation finance, with donor governments committing US$10.2 billion by the end of 2014. To ensure effectiveness, the document argues that the GCF must prioritize country ownership through direct access modalities, develop robust investment and accountability frameworks that avoid maladaptation, and clarify the role of its Private Sector Facility. It specifically suggests piloting small grants facilities under 'enhanced direct access' to reach local organizations and leveraging the experience of existing National Implementing Entities already accredited by the Adaptation Fund.

The Green Climate Fund (GCF) identifies five high-impact investment priorities: climate-compatible cities, sustainable climate-smart agriculture, forest finance, resilience in Small Island Developing States (SIDS), and transforming energy generation and access. The analysis emphasizes a holistic approach that integrates mitigation and adaptation, particularly in Africa and Asia. It highlights the role of the Private Sector Facility (PSF) in mobilizing capital for adaptation—a historically underfunded area—and suggests using targeted calls for proposals to balance the investment portfolio.