Publications

Today, all eyes are on the forthcoming 2021-2025 Climate Action Plan of the World Bank Group as a proxy for what the development finance community’s ambition for COP26 in Glasgow.The Climate Action Plans of Development Banks up until 2020 have been structured around climate finance commitments focusing on increasing their support for climate-specific activities. However, following up on their commitments to “Align with the Paris Agreement”, these institutions need to develop post 2020 strategies and actions plans, which go a step further to meet the level of ambition of the Paris Agreement objectives.

In 2017, the International Development Finance Club (IDFC) together with the group of Multilateral Development Banks (MDBs) made a joint commitment to “align financial flows with the Paris Agreement”. Since its commitment, the IDFC had focused its efforts on identifying what alignment means and implies.

Yesterday sees the release of the data on project financing from the nine major Multilateral Development Banks on the Energy Policy Tracker – of which I4CE is partner – and a new Big Shift Global briefing, showing that, since the beginning of the pandemic, the Banks provided at least $12 billion to clean energy and $3 billion for fossil fuels.

Some of the heat waves and wildfires that were experienced in Europe and in the world in the summer of 2019 are symptoms of a climate that is already changing. These events may cause losses for banks and other financial institutions, which will therefore have to integrate climate change into their decisions. Regulators are also pushing in this direction.

Few green budgeting initiatives have led to concrete reforms or revisions of priority investments. How can we move from simple theoretical exercises to concrete action for the environment? This is the question asked by Sébastien Postic of I4CE, Oskar Lecuyer of AFD and Jennifer Doherty-Bigara of the Inter-American Development Bank (IDB).

Decisions taken in response to the COVID-19 crisis today will lock in the world’s development patterns for decades. With policy decisions made on a daily basis, information about how public money is being spent can be hard to follow. That is why a consortium of 14 expert organizations came together to track energy-specific responses by G20 governments.

I4CE’s 2019 Global Carbon Accounts present the main trends in the implementation of global carbon pricing policies in 2019.   5 key trends in 2019   As of May 1, 2019, 25 carbon taxes and 26 Emissions Trading Schemes (ETS) were operating worldwide. The jurisdictions covered by one or more explicit carbon price account for […]

Following the 2018 review of the European carbon market- the EU Emission Trading System (EU ETS)- and the significant increase in the price of allowances, many stakeholders made the assumption that it was “fit for purpose” until 2030. However, the EU ETS needs to evolve as it adapts to new developments such as the implementation of […]

I4CE‘s Global Carbon Account 2018 presents key trends regarding the implementation of explicit carbon pricing policies throughout the world in 2018.     5 key trends in 2018 (Too) Few jurisdictions have implemented an explicit carbon price : as of April 1, 2018, 46 countries and 26 provinces or cities have adopted carbon pricing policies ; […]