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The policy brief argues that National Development Banks (NDBs) are ideal intermediaries for scaling climate-smart urban infrastructure due to their local knowledge, yet few are currently mandated to finance local governments or green projects. The research introduces an NDB Maturity Model consisting of 12 dimensions across strategic, financial, business, and operational parameters to standardize the assessment of NDB capacity. It identifies key barriers including unspecific mandates, lack of sectoral expertise, and insufficient capitalization. The document recommends that International Financial Institutions (IFIs) support NDBs by providing project preparation facilities, technical assistance, and access to innovative capital and de-risking instruments to catalyze private investment.

The document argues that National Development Banks (NDBs) are ideally positioned to bridge the financing gap for climate-smart urban infrastructure due to their local knowledge and proximity to cities. However, it notes that only 4% of Public Development Banks are specifically mandated to finance local governments. The research identifies barriers across policy, institutional, and financial levels—such as restrictive legal structures, lack of bankable project pipelines, and insufficient capitalization. To address these, the authors introduce an 'NDB Maturity Model' consisting of twelve dimensions across strategic, financial, business, and operational parameters. The brief recommends that national ministers update NDB mandates to include climate focus, reassess legal structures to allow for higher risk and longer tenors, and integrate NDBs into national climate goals and infrastructure strategies. A case study on Indonesia's PT SMI and the 'SDG Indonesia One' platform is provided as an example of using blended finance to implement SDG-oriented infrastructure projects.

This policy brief examines the supply and demand barriers preventing National Development Banks (NDBs) from financing green urban infrastructure. It introduces a 12-dimension 'maturity model' across strategic, financial, business, and operational parameters to help NDBs optimize their capacity. The brief argues that while NDBs are ideally positioned as intermediaries, few have the specific mandates or capitalization required to support local governments, necessitating coordinated action from national governments and development finance institutions.

The COVID-19 pandemic negatively impacted Indonesia's energy efficiency sector, leading to postponed projects and reduced revenue for facility managers. While business managers and facility managers remain optimistic about long-term recovery, they maintain conservative revenue projections for 2021-2022 due to economic uncertainty. The report highlights a critical need for government intervention, specifically through bank loan interest reductions, tax deductions, and the use of National Economic Recovery (PEN) funds to stimulate demand for energy efficiency projects in both public and private sectors.

In 2018, Kenya received KES 243.3 billion (USD 2.4 billion) in climate finance, which is approximately half of the annual funding required to meet its NDC targets. The report highlights a significant imbalance in fund allocation, with 79.8% of finance directed toward mitigation—primarily large-scale renewable energy—while adaptation received only 11.7%. Public finance accounted for 59.4% of the total, and private finance 40.7%. Major investment gaps exist in the water, forestry, and transport sectors. The document recommends scaling up adaptation finance, implementing private sector incentives for non-energy sectors, and operationalizing 'Segment 8' in the Integrated Financial Management and Information System (IFMIS) to improve climate expenditure tracking.

This report by the Climate Policy Initiative and Vivid Economics analyzes the 'greenness' of COVID-19 recovery stimulus packages in five Asian countries—India, Indonesia, the Philippines, Singapore, and South Korea—using the Greenness of Stimulus Index (GSI). The study finds that most of these nations are not sufficiently incorporating climate considerations into their fiscal responses, with 'dirty' stimulus often outweighing green measures.

This report by the Climate Policy Initiative (CPI) outlines an analysis of urban climate adaptation finance, focusing on the challenges of tracking financial flows and the objective of identifying gaps to mobilize resilience solutions in global urban areas by 2030.

The report examines China's green finance landscape, identifying a significant gap between current investment levels and the estimated USD 1.4 trillion annual investment needed over the next decade to meet 2015 climate and environmental targets. While green credit and bonds saw success during the 13th Five-Year Plan, finance remains heavily dominated by the public sector, with at least 51% of total green finance coming from public sources, primarily Central State Owned Enterprises and state-owned banks. The document highlights barriers for private capital, such as high 'search costs' and limited access to financing channels, and notes that half of the USD 292 billion in energy-related investments to Belt and Road Initiative countries between 2013 and 2019 went to fossil fuels. It recommends increasing the ambition of green standards, improving project pipeline visibility for private actors, and introducing mandatory exclusion lists for high-emission sectors.

The report addresses the lack of granular, standardized data on cooling finance, which currently relies on equipment sales estimates or fragmented sectoral data. To resolve this, the authors propose a 'Cooling Investment Tracking Framework' using a six-letter code-tagging system. This system evaluates four dimensions: cooling orientation (the extent to which cooling is the project's purpose), climate orientation (whether the solution is efficient, clean, or sustainable), solution type (categorized into technology, services, policy, and finance), and purpose (mapped to OECD DAC codes). The framework aims to help stakeholders quantify financial commitments, monitor the phase-out of high-GWP refrigerants, and inform national cooling action plans. The authors recommend piloting the framework with development finance institutions to create a universal standard for tracking sustainable cooling investments.

The briefing analyzes the transition from Provisional Measure MP nº 910/2019 to Bill PL nº 2633/2020, concluding that the proposed environmental safeguards are ineffective. It argues that relying solely on the verification of environmental fines and embargoes allows illegally deforested areas to be titled without requiring the regularization of environmental liabilities, effectively rewarding environmental crimes. The authors suggest that the Ministry of Agriculture, Livestock and Supply (MAPA) should strategically integrate land and environmental policies to ensure compliance with the Forest Code.

The report analyzes the contracting of Technical, Economic, and Environmental Feasibility Studies (EVTEA) and Environmental Impact Assessments (EIA) for federal land transportation projects in the Amazon. It finds a significant lack of transparency in how these studies are selected, assessed, and approved, as well as a lack of clarity in budget allocations. Analysis of EIA budgets for the Ferrogrão railroad and highway BR-364 shows that over 50% of funds are spent on diagnostic analysis, while only 6% are allocated to risk assessment and mitigation measures. The authors recommend defining clearer selection criteria, establishing upfront budget allocations, and introducing a 'pre-viability phase' to shift diagnostic analysis earlier in the project life cycle.

The report identifies significant transparency gaps in the procurement of Technical, Economic, and Environmental Viability Studies (EVTEA) and Environmental Impact Studies (EIA) for land transport projects in the Amazon. It highlights that a disproportionate amount of EIA budgets is spent on diagnostics rather than impact assessment and mitigation. The authors recommend clarifying selection criteria in tenders, detailing budget allocations for socio-environmental components, and introducing a 'pre-feasibility' phase to shift diagnostic analysis earlier in the project lifecycle.

The report analyzes China's green finance landscape, noting that while significant progress was made during the 13th Five-Year Plan through top-down policy and the growth of green loans and bonds, current funding levels are insufficient. It estimates that annual investment must increase fourfold to approximately $1.4 trillion to meet 2015 climate goals. The analysis highlights a heavy reliance on public sector funding, with 51% of green finance coming from public sources, and identifies barriers for private sector participation, including high search costs and a lack of incentive structures. The report also examines the potential for 'greening' the Belt and Road Initiative, where half of energy-related investments currently go to fossil fuels, and suggests leveraging fintech and innovative risk-sharing mechanisms to expand the climate finance scale.

The report finds that urban adaptation finance is significantly underfunded, representing only 3-5% of total global adaptation flows, with an estimated annual investment of up to USD 3.7 billion against a projected need of USD 11-20 billion for urban infrastructure protection. Analysis of the Global Landscape of Climate Finance, World Bank PPI, and CDP Cities data reveals a heavy concentration of funding in the water and wastewater sectors and a geographic bias toward East Asia and the Pacific, particularly China. Key barriers to scaling finance include limited DFI mandates for sub-national investment, poor municipal creditworthiness, and a lack of standardized outcome metrics for private investors. The report recommends developing practitioner case study databases, improving urban boundary tracking, and expanding DFI mandates to work directly with cities.

The analysis finds that most COVID-19 stimulus packages in the five studied Asian countries lack sufficient climate considerations, with 'dirty' stimulus often outweighing green measures. South Korea is the best performer due to its Green New Deal, while the Philippines and Singapore showed no quantified commitment to green outcomes. The report recommends increasing the size of green stimulus, implementing green conditionalities for bailouts, and expanding support for green R&D and tax reductions.

The report analyzes the historical and legal framework of rural land ownership in Brazil, highlighting a systemic lack of a unified land registry that fosters legal insecurity and land grabbing (grilagem). It examines the complexities of the current registration and cadastral systems, including the RGI, SNCR, and CAR, and identifies significant barriers to land regularization for traditional and vulnerable populations. The document specifically details the administrative processes and political pressures affecting Indigenous lands, quilombola territories, conservation units, and agrarian reform projects, arguing that recent legislative changes often prioritize large-scale land titling over social and environmental safeguards, thereby risking land reconcentration and increased deforestation.

China has made significant progress in establishing a green financial system, with green credit and bonds becoming the largest in the world. However, the system remains heavily dominated by public actors, with public sources accounting for 51% of total green finance. To meet its 2015 environmental standards and climate targets, China requires an estimated USD 1.4 trillion in annual investment over the next decade, meaning current finance levels must scale up by at least four times. Key barriers to private capital include a lack of transparency in project pipelines, high search costs for impact investors, and a preference for state-owned enterprises (SOEs) in formal financing channels. The report highlights opportunities in green fintech, such as Ant Forest, and matchmaking platforms like those in Huzhou. It also examines China's outbound finance, noting that half of energy-related investments in Belt and Road Initiative (BRI) countries went to fossil fuels, and suggests implementing mandatory exclusion lists and green standards to decarbonize these flows.

The report analyzes climate finance in South Africa for 2017-2018, tracking an annual average of R62.2 billion. It identifies a significant gap between current funding and the R8.9 trillion estimated by the IFC as necessary to achieve South Africa's Nationally Determined Contributions (NDCs) by 2030. Public finance averaged R22 billion annually, with a strong domestic preference, while private finance averaged R35.3 billion, focused exclusively on mitigation. The document recommends developing standardized climate finance definitions, improving public-private coordination, and scaling blended finance to leverage private capital.

This guide by the Climate Policy Initiative (CPI) outlines a four-step process for government officials and practitioners to develop a national landscape of climate finance, drawing on CPI's experience since 2011 in tracking investments for low carbon and climate resilient actions.

The report finds that increased rural credit generally boosts agricultural production and productivity while reducing deforestation pressures, particularly in the Amazon and Cerrado biomes. This occurs as credit enables producers to shift from extensive livestock ranching to more intensive crop cultivation. The analysis reveals that these positive land-use effects are most pronounced in the Amazon and Cerrado, while productivity gains are more significant in the Atlantic Forest, Pampas, and Caatinga. Additionally, the report notes that rural credit has a substantially higher positive impact on grain production compared to other crops.