Category: Climate Finance
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G20 Climate Accountability: Closing the Gap Between Commitments and Action
A recent report by the Council on Energy, Environment and Water (CEEW) highlights the mixed progress of #G20 countries in fulfilling their climate commitments. While some nations have made significant advances in renewable energy and emissions reduction, others must catch up due to political inertia and inadequate financial mechanisms. The report calls for greater accountability…
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COP29: Unlocking Adaptation Finance and Political Will for Urgent Climate Action
The urgency to tackle climate change is more pressing than ever and let’s ACT now at #COP29. This #COP29 is pivotal for addressing the political and financial obstacles that have stalled meaningful climate action. The world is watching, and the stakes are incredibly high. Adaptation finance is crucial to the #NCQG on climate finance, a…
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Bridging Resilience and Recovery for Climate Loss and Damage
The Green Climate Fund‘s projects demonstrated valuable experience in tackling the challenges of loss and damage caused by climate change. As the new loss and damage fund’s operationalization is in process, these case studies funded by GCF have significantly impacted through thorough risk management strategies. For example:#Senegal: Improved flood management has saved the country $8…
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Unlocking Nature-Based Solutions for a Sustainable Future with Blended Finance
The world is facing a convergence of crises, including accelerating climate change, unprecedented biodiversity loss, and the degradation of ecosystems that are the foundation of life on Earth. However, nature-based solutions offer a path forward, as they are central to achieving climate goals, ensuring water security, and preserving the richness of life on our planet.…
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Green Climate Fund 2023: Driving Transformative Climate Finance for Developing Nations
As we are at the #ClimateWeekNYC and #UNGA, read our 2023 Annual Report demonstrating its growing impact. The Green Climate Fund has now committed $13.5 billion to 243 projects across 129 developing countries, leveraging over $50 billion in co-financing for climate action. In 2023 alone, GCF approved $2.1 billion for 34 new transformative projects. The Fund is…
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Scaling Climate Resilience with Index-Based Insurance for Smallholder Farmers
Index-based insurance is emerging as a powerful tool for climate resilience, especially for smallholder farmers. Key success factors include reducing basis risk, improving user understanding, and ensuring financial accessibility. A World Bank study found that index-based insurance can cut farmer vulnerability by up to 25%. In Ethiopia, the R4 Rural Resilience Initiative has insured over…