Climate Policy Initiative a lead contributor to G7 report on long-term climate finance
June 8, 2015
CPI experts available to discuss findings of the report, which provides an update to the UN Secretary General High-level Advisory Group on Climate Change Financing (AGF) 2010 report
Bavaria, Germany – Since the UN Secretary General High-level Advisory Group on Climate Change Financing (AGF) in 2010, global climate finance flows have increased, though they still fall far short of the investment need. New sources, actors, and instruments have emerged while others are showing varying performance.
These are some of the main findings from a new Background Report on Long-term Climate Finance prepared for the German G7 Presidency 2015, co-authored by Climate Policy Initiative and CICERO and released today. The report, available here, aims to inform discussion on how to scale up climate finance to meet low-carbon, climate-resilient investment needs and the USD 100 billion commitment.
In the G-7 Leaders’ Declaration released following their meetings, the G-7 committed to a range of actions to lower emissions and scale up climate finance. These included a commitment to accelerating access to renewable energy in developing countries by building on the work of The Global Innovation Lab for Climate Finance and other initiatives. Climate Policy Initiative serves as Secretariat for The Global Innovation Lab for Climate Finance.
Climate Policy Initiative experts Barbara Buchner, Senior Director, and Jane Wilkinson, Director are available to put the report’s findings in context by discussing current investment levels, future needs, and potential solutions that support developed countries’ commitment to mobilize USD 100 billion per year for climate action in developing countries by 2020. The report also addresses the broader investment needs of the global transition towards low-carbon and climate-resilient economies.
Climate Policy Initiative’s Global Landscape of Climate Finance 2014 is the most comprehensive review of climate investment to-date and has been widely cited in reports by the Intergovernmental Panel on Climate Change Working Group III and the Biennial Assessment and Overview of Climate Finance Flows by the Standing Committee on Finance of the United Nations Framework Convention on Climate Change. It finds annual global climate finance flows totaled approximately USD 331 billion in 2013, falling USD 28 billion below 2012 levels.
Climate Policy Initiative (CPI) works to improve the most important energy and land use policies around the world, with a particular focus on finance. We support decision makers through in-depth analysis on what works and what does not. CPI works in places that provide the most potential for policy impact including Brazil, China, Europe, India, Indonesia, and the United States.