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Climate change hub > Mitigation >
Contents below:
· General information
· Non-UN international finance initiatives
· NGOs, collaborations & initiatives
· Select readings on climate change finance
Also see:
· Carbon pricing: Taxes, markets & emissions trading systems
General information
· “...an independent website providing information and data on the growing number of
multilateral climate finance initiatives designed to help developing countries address the
challenges of climate change."
UN finance initiatives
New Collective Quantified Goal on Climate Finance (NCQG)
· “The Green Climate Fund (GCF) – a critical element of the historic Paris Agreement - is the
world’s largest climate fund, mandated to support developing countries raise and realize
their Nationally Determined Contributions (NDC) ambitions towards low-emissions, climate-
resilient pathways.”
Least Developed Countries Fund
Special Climate Change Fund (SCCF)
Glasgow Financial Alliance for Net Zero (GFANZ)
Systematic Observations Financing Facility (SOFF) @ WMO
UN-convened Net-Zero Asset Owner Alliance
Non-UN international finance initiatives
Climate Investment Funds (CIF)
China's South-South Cooperation Fund on climate
Private investment firms
NGOs, collaborations & initiatives
· "...an investor initiative to ensure the world’s largest corporate greenhouse gas emitters take
necessary action on climate change. The companies include 100 ‘systemically important
emitters’, accounting for two-thirds of annual global industrial emissions, alongside more
than 60 others with significant opportunity to drive the clean energy transition."
Climate Action in Financial Institutions Initiative
· "An unprecedented coalition of public and private financial institutions around the globe
aiming to adopt a pathway to systematically integrate climate change considerations across
their strategies, programs and operations."
· "...one of the world’s largest and most ambitious climate finance mechanisms. Founded in
2008, it represents one of the first global efforts to invest in a dedicated climate finance
vehicle."
· “...an analysis and advisory organization with deep expertise in finance and policy. Our mission is to
help governments, businesses, and financial institutions drive economic growth while addressing
climate change.”
Coalition for Climate Resilient Investment (CCRI)
· "A United Nations Climate Action Summit and COP26 flagship initiative, The Coalition for
Climate Resilient Investment (CCRI) represents the commitment of the global private financial
industry, in partnership with key private and public institutions, to foster the more efficient
integration of physical climate risks (PCRs) in investment decision-making."
American Green Bank Consortium
Coalition for Private Investment in Conservation
Finance Fit for Paris - 3fp-Tracker
· "...screens and assesses existing financial market regulation and policies on country level
to evaluate where the national financial regulation stands today against the imperative
of the <2-degree target as anchored in the Paris Agreement."
Glasgow Financial Alliance for Net Zero
Global Investor Group on Climate Change (GIC)
Asia Investor Group on Climate Change (AIGCC)
Ceres Investor Network on Climate Risk and Sustainability
Institutional Investors Group on Climate Change
Investor Group on Climate Change
Institutional Investors Group on Climate Change (IIGCC)
International Development Finance Club (IDFC)
Network of Central Banks and Supervisors for Greening the Financial System (NGFS)
Private Equity Stakeholder Project
Task Force on Climate-related Financial Disclosures (TCFD)
· "The Financial Stability Board established the TCFD to develop recommendations for more effective
climate-related disclosures that could promote more informed investment, credit, and insurance
underwriting decisions and, in turn, enable stakeholders to understand better the concentrations of
carbon-related assets in the financial sector and the financial system’s exposures to climate-related
risks.
Select readings on climate change finance
“Recognizing the Duty of the Federal Government to Create a Green New Deal”
· 116th Congress 1st Session H. Res. 109
·The Green New Deal signed in the House of Representatives, H. Res.109.
· This bill doesn’t just lay out policy, but it shows the monetary means by which the U.S. could
feasibly put forth a Green New Deal as well as the monetary repercussions involved if it doesn’t
make changes quickly enough.
The Economics and Politics of Climate Change
· 1998 – Robert W. Hahn, Paul Portney, Thomas Schelling, Irwin M. Seltzer – American
Enterprise Institute
· Discusses the need for policy and finance centered around climate.
· Emphasizes that if politics gets in the way of making changes, the economic cost of climate change
will be severe.
The Impact of Climate Funds on Economic Growth
· Full title: The Impact of Climate Funds on Economic Growth and Their Role in Substituting Fossil
Energy Sources
· 2019 – Aflonso Carfora & Giuseppe Scandurra - Elsevier
· These two Italian researchers show how climate fund policies have been implemented around the world.
· Begs the question, has spending money on the climate lowered greenhouse gases and allowed countries
to create new energy systems?
· Shows the economic impacts that climate policies have had and can have on fully developed and
underdeveloped nations, effecting GDP and ways of life.
Paris Agreements: U.S. Climate Finance Commitments
· 2017 - Richard K. Lattanzio - Congressional Research Service
· Discusses how the U.S. financially commits itself to climate policy. Written in 2017, it shows
the significant changes between the Trump and Obama administrations.
· This report is very significant to U.S. Climate Finance Policy as it expresses the drastic different
approaches that can take place between administrations.
Global Landscape of Climate Finance 2019
· 2019 – Barbara Buchner, et al. - Climate Policy Initiative
· Covers a global perspective on how countries need to financially prep and utilize resources as
the climate keeps changing.
· Provides guidance to lawmakers and private sector companies that do work to protect the climate.
· With helpful graphics the report shows how the U.S. is a major contributor to climate change,
but also acts as a negotiator and tries to repair certain climate related issues.
Climate Finance Policy in Practice: A Review of the Evidence
· 2021 – Rishikesh Ram Bhandary, Kelly Sims Gallagher, and Fang Zhang – Taylor & Francis Online
· Analyzes nine different climate finance policies in U.S., China, India, Germany, Ethiopia, Brazil,
Indonesia, and Bangladesh.
· Shows that while certain climate finance policies can be followed without much government
backing, significant change will require lawmakers to take much larger steps.
Climate finance
