Climate Policy Initiative

The Catalytic Climate Finance Facility (CC Facility), a partnership between Climate Policy Initiative and Convergence Blended Finance, announced its second cohort of market-ready blended finance vehicles today. These vehicles offer diverse climate finance solutions across Sub-Saharan Africa, Southeast Asia, Latin America, and the Caribbean. Congratulations to the selected five grantees! The CC Facility will support them in testing, structuring, launching, and expanding their solutions. Learn more: https://lnkd.in/dv7B23e4

We are looking for an enthusiastic person to join our team and build on our deep expertise in finance and policy. Learn more about the opportunity and apply now!

💻 ICYMI: Four CPI #webinars to watch. From charting the latest global landscape of climate finance to exploring ways to bolster funds, CPI webinars provided a range of insights and opportunities in this space. In Case You Missed It – these are now all available for live streaming – check them out below: 🌏 The Global Landscape of Climate Finance 2024: Insights for COP29 - https://lnkd.in/dgqnQNwj 🏦 FiCS Lab Incubator call for proposals: Learn how public development banks and their partners can seek CPI support for climate finance mechanisms: FiCS Lab Incubator - https://lnkd.in/dmA5Y3kg 📈 Tracking the Path to Net Zero: Spotlight on Pension Funds: Join CPI’s expert panel to explore European pension funds’ progress toward net zero – and what can spur further action: Webinar: Tracking the Path to Net Zero: Spotlight on Pension Funds - https://lnkd.in/dEqPRrAD 🌾 Learn Why and How to Apply to the CLIC Connector: The Connector is inviting applications in Latin America and the Caribbean for its support program for agriculture and food-related SMEs with high climate, nature, and biodiversity potential: https://lnkd.in/gtdG6WXt #climatefinance #climateaction

🌱💰 As the host of a special Knowledge Sharing session at Electricity Connect 2024, we’re delighted to invite and welcome you to attend a series of panel that delve into sustainable finance, governance practices, and legal frameworks that support Indonesia's energy transition. Our analyst Khalifa Akbar Wignjasasmita will moderate the entire session while our Indonesia Director Tiza Mafira and Manager Luthfyana Larasati, CPA(Aust.) will share insights on the Governance of Sustainable Finance Products and the Sustainability-Linked Loan Principles. 🕓 Date: November 22, 2024 at 12:30 - 15:00 WIB 📍 Location: Jakarta Convention Center, Nuri Room ⛓️💥 Registration Link: (FREE REGISTRATION) https://lnkd.in/gnZ7h5tT #SustainableFinance #SustainabilityLinkedLoans #Indonesia #JustEnergyTransition

CPI was proud to support the International Monetary Fund recent report on ways to unlock #adaptationfinance in emerging markets. As CPI recently reported in its Global Landscape of Climate Finance 2024, adaptation finance to #EMDEs must increase 3x from current levels, and each year of delay in addressing GHG mitigation only increases the adaptation finance gap. CPI adaptation lead analyst Morgan Richmond provides her takeaways from the IMF report.

Global Managing Director Barbara Buchner will deliver a keynote speech at the AGES opening plenary session in Cape Town next February. Senior Advisor Jonathan F., who is the interim chairperson of AGES’ advisory board, will also feature as a speaker at the summit.

Agrifood systems are among the most underfunded areas of climate finance – but by how much? 🌐New research released today by CPI, ClimateShot Investor Coalition (CLIC), and FAO finds that global agrifood systems require USD 1.1 trillion annually – or an increase in investments by nearly 40 times from current levels – to align with a 1.5°C pathway. The longer the delay in capital deployment for climate action, the more climate impacts are expected to intensify, and the higher these costs may increase, exacerbating the “finance gap.” 🌐The report also finds that countries’ Nationally Determined Contributions (NDCs) underestimate the investment required to achieve their climate targets for agrifood systems, currently estimated at USD 201.5 billion, by nearly six times. With the next round of NDCs due for submission to the UNFCCC in 2025, the report urges policymakers to address the “planning gap” by escalating their commitments to achieve the scale of investment needed in agrifood systems. 🌐Agrifood systems account for only 15% of total funding needs reported in NDCs, despite accounting for a third of global GHG emissions. Furthermore, only 37% of the 167 Parties to the Paris Agreement that have submitted NDCs assess climate finance for agrifood systems, exposing a “data gap” in current estimations. To learn more about the three gaps in investment for agrifood systems – finance, planning, and data – please visit: https://lnkd.in/gcigifMb

Ahead of the #G20 Summit in Brazil next week, a new policy brief co-authored by Malini Chakravarty, Research Manager at Climate Policy Initiative, shows that adaptation finance remains critically underfunded, with just 5% of tracked global #ClimateFinance directed toward #resilience. Particularly the private sector's current 2% contribution leaves a vast business opportunity for #AdaptationFinance, which could spur USD 7 trillion in economic growth by 2030. At the same time, a 1°C rise in global temperatures could cut global GDP by 12%. Recommendations to the G20 for designing a new finance architecture for adaptation and resilience include: 📈 Incentivize policy frameworks and create concrete pathways for private adaptation and resilience finance. 🧭 Support and develop the climate information architecture. ⛓️💥 Support access to affordable finance in emerging and developing countries. Discover more at: https://lnkd.in/ee6m9Vi6

🌡 Global temperatures hit record highs between 2015 and 2023, and extreme weather events have increased fivefold in the last 50 years. Even with strides in investment, climate finance is still lacking. To limit global warming to 1.5°C, and avoid the worst impacts caused by climate change, an estimated USD 6.7 trillion to USD 10 trillion per year is needed by 2050. But why aren’t we there yet? Explore the Global Landscape of Climate Finance 2024 and discover where the funding gap remains: https://lnkd.in/eGSxtRb8 #climatefinance #climateaction #sustainablefinance #COP29 #financeday

On today's #FinanceDay at #COP29, we are pleased to have contributed to the new Synthesis report, published by Network for Greening the Financial System (NGFS) today. Together with key NGFS members, CPI provides crucial insights on scaling up climate finance and aligning financial systems with the #ParisAgreement.