In this side event, co-organised by NewClimate Institute and E3G, we examined the scale of financing required for a just transition in the power sector, using Mexico—where reliance on unabated fossil gas is significant—as a case study. The session also explored the challenges development banks face in providing transition finance and their role in innovative solutions, such as country platforms, to scale up financing and improve coordination among key stakeholders. Speakers: Niklas Höhne, NewClimate Institute Imogen Outlaw, NewClimate Institute Anna Nilsson, NewClimate Institute Laura Sabogal...

Supporting Argentina’s climate action and NDC implementation in key economic sectors.

This blog reveals three critical limitations in the voluntary approach of financial institutions’ net-zero targets: the low integrity of existing targets, their limited ability to directly control investee emissions, and a finance-first mandate that hinders voluntary climate action.

Join us for our webinar on The Role of Multilateral Development Banks in Sustainable Green Hydrogen Development.

Develops guiding principles for the early retirement of coal-fired power generation, focusing on the role of public development banks and the efficient maximisation of emission reductions with public funds.

This side event aimed to support development banks to learn how they could best mobilise finance to enable ambitious early retirement of fossil fuel assets.

This side event discussed articulation of finance needs in countries’ NDCs and LTS’; the important role of finance ministries and IFIs in developing investment plans; and explore sectoral transition costs.

The 28th Conference of Parties of the UNFCCC (COP) takes place from 30 November - 12 December 2023, at the end of another year of record-high temperatures and climate change impacts, which are rapidly increasing in frequency and intensity, causing loss of livelihoods around the globe, and particularly in vulnerable developing countries. We hear more and more voices saying that “we will not make it” and “we are doomed”. However, the past decades have shown that positive change can happen faster than expected and that we have all the tools to protect this planet and its inhabitants. COP28 has a...

NewClimate Institute and the Institute for Climate Economics (I4CE) submitted a response to a public consultation on the Glasgow Financial Alliance for Net Zero’s proposed set of voluntary guidance for financing the early retirement of coal-fired power plants in Asia-Pacific. This blog post highlights key points from our submission.

This webinar will delve into the key principles of Green Cooling and explore the opportunities associated with promoting eco-friendly finance solutions for Green Cooling. Furthermore, the webinar will illustrate how financial institutions can embed Green Cooling into the wider context of the Sustainable Finance Agenda. Ultimately, the speakers will present a structured, stepwise approach for the development of a Green Cooling loan product.

This event was a pre-meeting workshop to the 35th Meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer (MOP35). The objective of the workshop was to share information, experiences and lessons learned, as well as assess challenges related to ways of improving availability and accessibility to energy-efficient equipment and equipment using low- or zero-global-warming-potential alternatives during the implementation of the Kigali Amendment. The workshop’s outcomes will feed into discussions at the MOP35.

Passive investing is on the rise, but retail investors should be aware of the differences in the way asset managers handle corporate stewardship and choose an asset manager that aligns with their values to ensure that passively invested capital is not supporting carbon-intensive business models. Passive investing is on the rise (see Figure 1) for good reason. With low costs and well-diversified options like Exchange Traded Funds (ETFs), it is no wonder that many investors are turning to passive investment products. However, as more and more investors jump on the passive bandwagon, it is...

In this blog we explore whether the approaches in the World Bank sector notes are sufficient to avoid financial flows that conflict with the Paris Agreement.

Background and summary: At COP 26 in Glasgow in 2021, Germany signed a pledge to end international finance of fossil fuels by the end of 2022, except in limited and clearly defined circumstances that are consistent with a 1.5°C warming limit and the goals of the Paris Agreement. Under the 2022 German Presidency, G7 leaders’ communiqué echoed the spirit of the Glasgow commitment. While the communiqué recognizes the exceptional circumstances stemming from the Russian invasion of Ukraine, it stresses that any temporary publicly supported investment must still be “ consistent with our climate...