78 results found

Renovation in Poland
Publication date 06 Jan 2021

In the coming years, Poland will gain access to unprecedented funds for thermal modernization of buildings. Limited monitoring of financial flows in the area of building renovation creates a risk of only partial and inefficient use of this opportunity. Main Findings: Thermal modernisation of buildings does not only play a key role in reducing greenhouse gas emissions but can also be an important stimulus measure for the recovery of European economies after the crisis caused by the COVID-19 pandemic. It is one of the key investment areas supported not only by the EU’s Multiannual Financial...

Workshop: Landscape of climate finance: From supporting recovery globally to recent advances in the CEE region
Venue Online
Date 27 Oct 2020

Aki Kachi presented on "Current trends in green recovery measures" at the "Landscape of climate finance: From supporting recovery globally to recent advances in the CEE region" Workshop (Session 1: Climate Investment: From Global to National Challenges – How Can Climate Finance Tracking Support Post-COVID Recovery Plans?) in October 2020. The event was organized within the framework of the EUKI-supported project “Landscape of Climate Finance: Promoting debate on climate finance flows in Central Europe”, jointly implemented by I4CE, NewClimate Institute and WiseEuropa. This workshop aimed to...

Online event: Unpacking the finance sector's investment commitments
Venue Climate Week NYC 2020
Date 28 Sep 2020

Katharina Lütkehermöller , Thomas Day (both NewClimate), Mark Roelfsema (Utrecht University), Jesica Andrews (Net Zero Asset Owner Alliance, UNEP Finance Initiative) and Emily Kreps (CDP) presented on "Unpacking the finance sector's investment commitments: What climate impact can regions, cities, businesses, and specifically financial institutions deliver?" at Climate Week NYC in September 2020. We presented the dynamic field of non-state and subnational action, its opportunities and uncovered potential for climate ambition. Specifically, we focused on climate ambition in the financial sector...

Unpacking the finance sector’s climate related investment commitments
Publication date 22 Sep 2020

Financial institution’s climate-related investment targets have rapidly grown in recent years. In this report, we provide insights into the magnitude and ambition of these targets, and investigate their relationship with GHG emissions in the real economy. Specifically, this report maps out the financial sector’s climate-related investment targets against a range of indicators, such as monetary investments in ‘green’ projects, and required ‘green’ investments and GHG emission reductions. It thereby considers both climate-related investment pledges made by individual financial institutions as...

Aligning transport investments with the Paris Agreement
Publication date 17 Sep 2020

As the key European public finance institution, including in the EU’s COVID-19 response measures, the EIB can and should play a prominent role in the decarbonisation of the transport sector, especially in its aspiration to be the “EU Climate Bank”. Our analysis of the EIB's transport investment portfolio since 2015, finds that about half of transport-related investments are clearly “aligned” with the Paris Agreement. We propose Paris alignment evaluation criteria, including key factors to take into consideration, and a number of investment priorities for the EIB to not only align all its...

Deep Decarbonisation in Latin America

Create an improved policy and regulatory framework to mobilise investments to achieve the long-term goals of the PA in Latin America.

Multilateral Development Banks Have Made Progress Towards Paris Alignment, but Still Need to Fill in Critical Details
Publication date 19 Mar 2020

The Paris Agreement sets out the ambitious task of aligning all financial flows with its goals to avoid the worst impacts of warming. Multilateral Development Banks (MDBs) have an important role to play in making this goal a reality. Their development mandates, technical expertise, and track record on climate finance mean that MDBs can lead the way by helping developing countries avoid fossil fuel-intensive development pathways, by developing the necessary standards and investment criteria to assess the alignment of investments with the Paris Agreement’s goals, and by helping to mobilise...

Six Memos on the Multilateral Development Banks’ Paris Alignment Approach
Publication date 19 Mar 2020

In 2016, multilateral development banks committed to align their development finance activities with the goals of the Paris Agreement. This requires the banks to ensure that all their activities advance low-carbon, climate resilient-development pathways, or at least not undermine these goals. In this series of memos from NewClimate, Germanwatch and WRI, we provide input for a robust alignment process along the six alignment building blocks around which the MDBs have agreed to organise the implementation of their alginment work. Multilateral Development Banks (MDBs) have a critical role to play...

Tracking climate-related investments and finance flows
Publication date 20 Jan 2020

This paper discusses ways to identify investments that can be accounted as low-carbon activities. The focus is on the EU Taxonomy, as in the near future it will have to be assessed to what extent this emerging tool can be useful for implementation of the climate finance landscape methodology. Subsequently, we present the added value of linking countries’ climate strategies with investment landscapes. This study offers further recommendations regarding the solutions that help to reduce the gap between current financial structures and the objectives of the national low-emission transition...

A ten point agenda for delivering higher mitigation ambition
Publication date 14 Jun 2019

The paper formulates 10 points for mitigation ambition and includes recommendations on ways to support ambition raising through international cooperation. Introduction: All governments have committed to the long-term goal of the Paris Agreement. The findings of IPCC 1.5 Special Report (IPCC 1.5SR) illustrate the climate impacts and risks associated with exceeding 1.5°C and clearly underscore that greater ambition is urgently needed to achieve this limit as current Nationally Determined Contributions (NDCs) are inconsistent with Paris compatible pathways. This has implications for the role of...

Domestic Landscape of Climate Finance
Publication date 22 Feb 2019

The required mobilisation of funds for a Paris-compatible development urges for an improved coordination between all of the actors involved in the low-emission transition as well as demands comprehensive knowledge base to address the systemic challenge of financing sustainable economic development. This publication is part of a project enhancing the exchange of experiences between experts, business community and civil society policymakers to improve the assessment and design of domestic climate finance investment environments. It describes existing methods to track climate finance and...

Landscape of Climate Finance: Promoting debate on climate finance flows in Central Europe

The project promoted best practices in the assessment of current investment levels to support an increase in sustainable financial flows.

Moving beyond climate finance towards Paris-aligned investing – How do MDBs climate finance eligibility criteria compare to Paris-aligned investing criteria?
Publication date 07 Dec 2018

Under the Copenhagen Accord, developed country governments agreed to mobilize 100 billion USD of climate finance each year as of 2020. This target focuses on increasing financial flows to mitigation and adaptation activities in developing countries. The Paris Agreement sets a new challenge for domestic and international finance flows: Article 2.1 names “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development” as one part of the global response to the threat of climate change. This compares to the target to mobilize climate finance...

Toward Paris Alignment: How the Multilateral Development Banks Can Better Support the Paris Agreement
Publication date 06 Dec 2018

The Paris Agreement aims to hold the increase in the global average temperature to well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C. To contribute to the fight against climate change, the MDBs have operated under what this report refers to as a Climate Finance Paradigm. Yet, given the urgency of the challenge and the rate at which the world must reduce emissions, this current paradigm is not enough and a new paradigm is needed. This report describes this new paradigm, called the Paris Alignment Paradigm, and provides recommendations on...

Multilateral Development Banks and the Paris Agreement

This project provides recommendations on how development banks could strengthen existing tools to align their portfolios with the transitions required by the Paris Agreement.

Allianz Climate and Energy Monitor 2018
Publication date 26 Nov 2018

The Allianz Climate and Energy Monitor ranks G20 member states on their current attractiveness as potential destinations for investments in low-carbon electricity infrastructure. It further considers their current and future investment needs in line with a trajectory compatible with the 2°C/1.5°C temperature limits of the Paris Agreement. Key findings : France now most attractive for renewable energy investments, Brazil climbs 5 ranks and Italy 4 ranks with much improved conditions. All countries need to improve their policy framework for required low-carbon investments. Germany loses first...

Aligning Investments with the Temperature Goal of the Paris Agreement
Publication date 28 Sep 2018

This working paper assesses how Multilateral Development Banks can support the global temperature goal of the Paris Agreement. It illustrates how the banks could strengthen existing tools to align their portfolios and activities with the globally agreed mitigation goal. Other finance institutions can also profit from many of the approaches included in the paper. The analysis starts with a review of scientific scenarios to understand what the temperature goal means for different investment areas. It also reviews existing tools and activities at the Multilateral Development Banks. Building on...

Coordinating finance for sustainable refrigeration and air conditioning
Publication date 19 Sep 2018

The refrigeration and air conditioning (RAC) sector faces a particular challenge in the implementation of effective finance strategies given its cross-sectoral nature – extending from manufacturing of gases and appliances to energy end-use in buildings – and hence the different institutional responsibilities as well as policy and compliance regimes that affect the sector. Against this backdrop, this paper focusses on questions related to the financing of the low-carbon transition of the RAC sector. The objective of the paper is to provide an overview of the current finance situation in the...

Deep Dive - What do current policy developments in China, India and the US mean for investing in renewables? (Allianz Climate and Energy Monitor)
Publication date 20 Apr 2017

The Allianz Climate & Energy Monitor Deep Dive aims to inform investors and policy-makers on the scale of investments needed in China, India and the US to be in line with the Paris goals; and what recent developments, especially regarding the leadership change in the US, mean for investing in renewable power in the future. Key findings: Investments in China and the US need to roughly double, in India even triple, to remain within the Paris Agreement warming limit. Renewable power investments will need to rapidly grow in the coming two decades to be in line with the Paris Agreement targets...

Mobilizing climate finance flows: Nordic approaches and opportunities
Publication date 04 Apr 2017

In a consortium led by the Finnish consultancy GAIA and with the Stockholm Environment Institute (SEI) , NewClimate Institute carried out a study on behalf of the Nordic Working Group for Global Climate Negotiations (NOAK) to identify how Nordic finance institutions can best contribute to mobilising climate finance to developing countries in a way that supports the implementation of the Paris Agreement. The study mapped current financial support needs communicated through developing countries’ Intended Nationally Determined Contributions (INDCs) to identify potential support gaps where Nordic...

Innovative Financing Options for the Adaptation Fund

Provide an updated analysis on carbon pricing instruments to serve as a new source of innovative finance for the Adaptation Fund.

Two Unconventional Options to Enhance Multilateral Climate Finance
Publication date 31 Oct 2016

NewClimate Institute contributed to a policy brief on ‘Two unconventional options to enhance multilateral climate finance’ under the European Capacity Building Initiative (ecbi). The brief considers two unconventional sources of finance to overcome the current challenges in multilateral climate finance and enhance predictability and magnitude: a ‘share of proceeds’ from national and sub-national emission trading schemes; and crowdfunding from corporate air passengers.

Designing NAMAs to catalyze bankable low-carbon investments
Publication date 04 Oct 2016

With the historic Paris Agreement in place, Nationally Determined Contributions (NDCs), together with the availability of new sources of climate finance, including the Green Climate Fund (GCF), lay the groundwork for ambitious, country-driven climate action. Achieving NDC goals will require substantial investments in support of low-carbon, climate-resilient infrastructure and most of those investments will come from the private sector. The challenge going forward will be to turn NDCs into transformational action on the ground in ways that can catalyze private sector investments. Nationally...

Allianz Climate and Energy Monitor
Publication date 31 May 2016

The Allianz Climate and Energy Monitor ranks G20 member states on their attractiveness as potential destinations for investment in low-carbon electricity infrastructure. It takes into account their current and future investment needs in line with a 2° C global warming trajectory. Consistency with the Paris Agreement, negotiated by 195 countries at the end of 2015, would require a full decarbonization of the global economy before the end of the century. This transformation will be particularly challenging for the energy sector – the largest source of carbon emissions. Every existing and new...

Developing 2°C compatible investment criteria
Publication date 30 Nov 2015

This report studies the development of criteria for assessing the compatibility of financial investments with the international goal to limit global temperature increase to below 2°C above pre-industrial levels. The findings are intended as a starting point and a key input for a longer term process to develop consensus-based 2°C investing criteria. The focus here is placed on investments in projects and physical assets, in particular of development and climate finance organisations. In order to limit global temperature increase to 2°C, global greenhouse gas (GHG) emissions will have to be...

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