Tag: climate finance

State of Climate Action 2025: Report

State of Climate Action 2025: Report

November 6, 2025 | ,

Ten years since the Paris Agreement was signed, this report card on climate action shows that global efforts across the highest-emitting sectors fall far short of what’s needed to limit warming to 1.5°C. An enormous acceleration in effort is needed across every sector. By 2030, for example, electricity generated from unabated gas needs to be phased out seven times faster, declines in deforestation need to accelerate ninefold, and growth in total climate finance needs to increase four times faster.

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Climate Finance Tracking for Brazil: Report

Climate Finance Tracking for Brazil: Report

August 21, 2025 | , ,

In order to mobilize international resources to further Brazil’s climate agenda, the Brazilian government has adopted a series of initiatives. The country has also issued sustainable sovereign bonds and resumed the Amazon Fund. The common objective of these initiatives is to leverage international resources for financing climate projects and to create favorable investment conditions to drive foreign private capital to projects aligned with the national climate agenda.

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Global Landscape of Climate Finance: Report

Global Landscape of Climate Finance: Report

July 2, 2025 | ,

The report concludes that geopolitical shifts, trade tensions, and economic instability are testing international climate action in 2025. While these dynamics put pressure on public budgets, climate investment remains crucial to achieving long-term sustainability and well-being for global populations. The benefits of scaling up climate investments far outweigh the costs: cleaner air, resilience to a changing climate and rising energy prices, food security, and clean technology innovation present opportunities for prosperity and economic growth for all. 

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Climate Finance Landscape in Nigeria

Climate Finance Landscape in Nigeria

June 2, 2025 |

In 2021/22, USD 2.5 billion of public and private capital—from both domestic and international sources—was invested in climate action in Nigeria. This makes for an annual climate finance gap of USD 27.2 billion. While Nigerian climate finance grew by 32% in 2021/22, up from USD 1.9 billion in 2019/20, USD 2.5 billion represents just 8% of the estimated USD 29.7 billion needed annually for mitigation15 and adaptation until 2030. Nigeria’s climate finance gap is likely even larger given that the existing needs estimates do not cover prospective loss and damage costs,16 while climate impacts only promise to compound over time, leading to spiraling costs of inaction. Nigeria was the third-largest recipient of tracked climate finance in Africa and accounted for almost a quarter of Western Africa’s regional climate finance in 2021/22

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Southeast Asia’s Green Economy: Report

Southeast Asia’s Green Economy: Report

May 9, 2025 | , ,

Southeast Asia (SEA) stands at a pivotal juncture in its green transition. Over the past decade, the region has demonstrated growing ambition, heightened awareness, and early decisive steps toward sustainable development. Yet, progress has been uneven—and with only five years remaining to meet the critical 2030 climate targets, SEA is not yet on track to fulfill its climate pledges. This report explores pathways for SEA to enter the next phase of its green transition—one centered on value creation, where decarbonization must unlock economic competitiveness, job creation, and energy resilience. 

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State of Green Banks 2025: Report

State of Green Banks 2025: Report

May 2, 2025 | ,

This report takes stock of green banks at a critical time in global efforts to contain climate change and protect nature. It is based on new survey data collected by CPI in 2024-2025 from 51 public financial institutions that are either green banks, are seeking to establish one, or have encountered barriers preventing them from doing so. They include 36 entities that are either from EMDEs or have supported efforts in these countries. It describes the four main models for green banks and outlines the challenges and opportunities they face globally and across different regions.

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North Africa’s Power Shift: Report

North Africa’s Power Shift: Report

December 16, 2024 | , , ,

This study “North Africa’s Power Shift” by The Middle East Institute aims to highlight current developments, challenges, and opportunities regarding the development of renewable energy in North Africa. To this end, the research and analysis delves into the dynamic and diverse energy landscapes of five North African countries — Algeria, Egypt, Libya, Morocco, and Tunisia — highlighting the distinct pathways each nation is pursuing to tap into its renewable energy potential. 

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Low-Carbon and Just Energy Transition in Asia: Report

Low-Carbon and Just Energy Transition in Asia: Report

December 16, 2024 | , ,

The central focus of this report “Toward A Low-Carbon And Just Energy Transition In Developing Asia” by The Asian Development Bank is on the just energy transition away from coal and toward a low-carbon future in Asia and the Pacific. It encompasses a range of topics, from coal-fired power plant retirement and carbon pricing to renewable investment, infrastructure development, and the mobilization of development financing to transform energy systems. 

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Key Outcomes from COP29: Unpacking the New Global Climate Finance Goal and Beyond

Key Outcomes from COP29: Unpacking the New Global Climate Finance Goal and Beyond

December 9, 2024 |

After two weeks of fraught negotiations at the UN climate summit (COP29) in Baku, Azerbaijan, delegates eked out an agreement on a new climate finance goal. The new goal of at least $300 billion annually by 2035 is triple the amount of the previous target, aiming to mobilize much-needed finance for developing countries to cut emissions and address the mounting impacts of climate change. But while the new target is an important down payment for a safer, more equitable future, it is far less than developing countries need to pursue low-carbon development and protect their citizens from increasing droughts, floods and wildfires.

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Climate Finance Flows in Latin America and the Caribbean

Climate Finance Flows in Latin America and the Caribbean

December 2, 2024 |

Latin America and the Caribbean (LAC) countries face severe climate impacts, including droughts, heat waves and rainfall variability, which affect key sectors like agriculture, mining, and tourism. Economic impacts are significant, with potential GDP losses between 0.8% and 6.3% by 2030, reaching up to 23% by 2050. Current climate finance flows to LAC are only 0.5% of GDP, requiring an 8-10x increase to meet commitments outlined in Nationally Determined Contributions (NDCs). Brazil, Mexico, Costa Rica, and Colombia received nearly half of the climate finance directed to the region, focused on mitigation over adaptation.

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To compete for green investment, the UK must accelerate its transition plan agenda

To compete for green investment, the UK must accelerate its transition plan agenda

December 2, 2024 |

Chancellor Rachel Reeves’ recent Mansion House speech stressed the importance of economic growth and gave a strong signal of the Treasury’s commitment to sustainability. Her speech included announcements on topics from pensions to digital gilts, and consultations were launched on the UK’s Green Taxonomy, regulation of ESG ratings providers and much more. However, the long-awaited transition plan consultation was again absent – now due in “the first half” of next year. This blog examines what was announced on the UK’s disclosure regime and what needs to happen next on transition plans, interoperability and international leadership to realise the government’s goal of the UK as the “world’s leading green [and transition] global financial centre”. 

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EAAIF, FMO, and DEG to invest €84 million in AXIAN Energy for solar and ESS project in Senegal

EAAIF, FMO, and DEG to invest €84 million in AXIAN Energy for solar and ESS project in Senegal

November 14, 2024 | , , ,

The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch entrepreneurial development bank (FMO), and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have jointly announced an investment of €84 million in two photovoltaic solar plants with battery storage systems in the Kolda region of southern Senegal. These projects will be operated by Axian Energy.

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China Is Providing Billions in Climate Finance to Developing Countries

China Is Providing Billions in Climate Finance to Developing Countries

November 10, 2024 |

Like conventional climate finance contributors, China’s climate finance flows through a complex and interwoven architecture. Governmental agencies responsible for financial decisions related to climate include environmental, economic and aid ministries as well as financial regulators; they may also rely on implementors, in and outside of China, to identify opportunities and channel the funding. Developing countries must navigate this complex web to access the climate finance China can provide. This makes it hard for participants and observers to know exactly what’s going on. 

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US Is Top Climate-Tech Financier in 2024. China Led Last Year

US Is Top Climate-Tech Financier in 2024. China Led Last Year

September 9, 2024 |

The US emerged as the top climate-tech financing market in 2024, with $6.7 billion mobilized in the first half of the year. Most of this financing was for clean power companies — renewable energy equipment makers and project developers — as well as startups along the energy storage value chain. Climate-tech companies from mainland China raised $5.1 billion in the same period. Canada placed third with $1.8 billion. Zooming in on venture capital, equity raised by climate-tech firms only made up 12% of the total global venture financing in the first half of the year, down from 16% in the same period a year before.

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Over $50 Billion Flow to Climate-Tech Startups in a Stormy Year

Over $50 Billion Flow to Climate-Tech Startups in a Stormy Year

February 17, 2024 |

Climate-tech companies raised $51 billion in venture capital and private equity funding across more than a thousand deals tracked by BloombergNEF last year. Though this was 12% lower than 2022, the slide was a fraction of the 35% reported for all startups by Pitchbook. Most of the funding went to low-carbon energy and low-carbon transport companies. From a deals perspective, BNEF’s Climate-Tech VC/PE Investment Database shows a 15% decline in the number of deals completed in 2023 compared to 2022.

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Climate Finance: What to expect at COP28

Climate Finance: What to expect at COP28

December 4, 2023 |

A key ambition of COP28 is to achieve a consensus on tripling the global renewable energy capacity and doubling energy efficiency measures by the end of the decade. This requires substantial investments, not only in these interventions but also in larger energy systems, transportation, agriculture, forestry and other critical areas.

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Bridging the Gap: Climate finance strategies to achieve net zero

Bridging the Gap: Climate finance strategies to achieve net zero

October 29, 2023 |

According to CPI’s estimates, the global climate finance flows in 2021 reached about $850 billion, a 28 per cent year-on-year increase from 2020. The investment continued to rise, reaching $1 trillion in 2022. The rate of climate investment is lower than expected as these flows need to increase by 625 per cent by 2030 to meet the Paris Agreement goals. According to the report, with each year of inaction, this gap will continue to widen, leading to increased physical, financial and social risks.

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ASEAN Capacity Building Roadmap on Energy Investment

ASEAN Capacity Building Roadmap on Energy Investment

July 6, 2023 | ,

The report has been authored by ASEAN Centre for Energy. The key objectives of the roadmap are: to identify progress and issues in attracting investments and sustainable financing for energy infrastructure and technologies in ASEAN and to identify key priority areas and actions in building up regional capabilities on clean energy investments.

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Unpacking COP27: finance, fossils, climate impacts

Unpacking COP27: finance, fossils, climate impacts

November 23, 2022 |

After two-and-bit weeks of negotiations, the outcome of COP27 includes some firm steps forward on climate action. A historic loss and damage fund for responding to escalating climate impacts, renewable energy singled out as the route to addressing the energy crisis, and strong calls to reform international finance institutions to unlock more finance and fiscal space for climate action – along the lines of Barbadian PM Mottley’s Bridgetown Initiative – demonstrate climate collaboration in the face of turbulent geopolitics.

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