Publications

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.

The government has recently modified the environmental, social and governance disclosure obligations for French investors via the publication of an implementing decree which specifies regulator expectations. Romain Hubert of the Institute for Climate Economics explains why this decree was to be expected and necessary for climate reporting.

In 2015, France pioneered requirements for climate-related disclosure from financial institutions, asking them to explain their strategy for integrating climate-related risks and for contributing to the achievement of the Paris Agreement objectives and the French national low-carbon strategy. Three years of implementation yielded mixed results and requirements are in the course of being updated in […]

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.

The Landscape of Climate Finance is a comprehensive study of domestic investments which support climate mitigation in France. This study maps the financial flows supporting investments leading to the reduction of greenhouse gas emissions (GHG) across the French economy.

For local governments, it is when expenditures are debated that it is possible to question them and to channel them towards the climate transition. That’s why I4CE and its partners co-constructed a common and shared methodology to assess a local budget according climate issues.

For local governments, it is when expenditures are debated that it is possible to question them and to channel them towards the climate transition. That’s why I4CE and its partners co-constructed a common and shared methodology to assess a local budget according climate issues.

For local governments, it is when expenditures are debated that it is possible to question them and to channel them towards the climate transition. That’s why I4CE and its partners co-constructed a common and shared methodology to assess a local budget according climate issues.

I4CE’s Board of Directors has appointed Jean Pisani-Ferry as Chair of the association. Jean Pisani-Ferry was previously Director of the European think tank Bruegel then France Stratégie, and his experience will enable the Institute to develop its capacity to inform the public policy debate. He succeeds Pierre Ducret, founder of I4CE, who has chaired the Institute since its creation, after developing climate economics research activities at Caisse des Dépôts then CDC Climat.

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.

While the financial consequences of climate impacts are already materializing, the regulators are implementing their agenda of actions to stimulate financial institutions into analyzing and managing their exposure to “physical climate risks”, and disclosing how they do so as recommended by the TCFD. How can financial actors make quick and efficient progress on analyzing and […]

In recent years, financial regulators have encouraged financial actors to take account of “climate risks” in order to ensure both financial stability and the efficient functioning of markets, the two traditional objectives of regulation. This risk-based approach is an important first step, but will it be enough to deliver on climate objectives?

In recent years, financial regulators have encouraged financial actors to take account of “climate risks” in order to ensure both financial stability and the efficient functioning of markets, the two traditional objectives of regulation. This risk-based approach is an important first step, but will it be enough to deliver on climate objectives?

In this op-ed published in a French economic newspaper, Benoit Leguet, director of I4CE, considers that the French Government must plan over the long term the necessary financing for climate change mitigation and adaptation, by instituting a public finance programming law for climate. France has set itself climate objectives, it must clarify what means it will devote to them.

As part of the EUKI-supported project “Landscape of climate finance: Mainstreaming climate finance in the CEE region”, I4CE supported the Polish think-tank Wise Europa in the elaboration of a Landscape of climate finance in the sector of energy retrofitting of existing buildings in Poland.

I4CE and its partners make available, free of charge, to interested local authorities a methodology to evaluate local budget under the prism of climate issues. It is a transposition of Green Budgeting approaches, such as the one carried out on national French budget, to the budgets of local authorities.

While France must adapt to the unavoidable consequences of climate disruption, it is necessary to monitor the financial resources that the State devotes to it. However, as the Senate's Foresight Delegation pointed out in 2019, the issue of financing adaptation is characterised by a lack of clarity on the level of needs and the amounts allocated.

Climate Action and Sustainable Development are two parts of the same challenge and must be addressed together. Both adopted in 2015, the Paris Agreement and the 2030 Agenda for Sustainable Development frame a set of global objectives that are deeply connected.

The public institutions that regulate and supervise private finance will talk a lot about climate change in the coming months. The European taxonomy that allows economic actors to identify activities that are favorable to ecological transition or the "climate stress tests" of the Banque de France and ACPR are just some of the issues they will have to deal with and that we invite you to follow. I4CE has synthesized for you the "climate calendar" of financial regulation in a graphics.

A few days after the publication of France's 2021 budget bill, and before any debates in parliament, the government released an environmental assessment of it. This assessment, often referred to as the "green budget", is an important step forward for the transparency of public action, according to Marion Fetet and Sébastien Postic from I4CE. Nevertheless, they suggest improvements to be made to the scope of the budget analyzed or to the classification of certain expenditures. And they call for making the green budget a real tool for greening the budget.