India's pursuit of a sustainable, low-carbon future amidst rapid population growth and economic expansion requires significant climate finance. To achieve ambitious targets, including 50% renewable energy by 2030 and net zero emissions by 2070, innovative financial solutions are imperative. The post Transforming India’s Climate Finance through Sector-Specific Financial Institutions appeared first on CPI ..read more

As various emerging economies are seeking to leapfrog coal and move to clean energy through Just Energy Transition Partnerships (JETPs), Viet Nam has passed an important first milestone by setting its Resource Mobilization Plan (RMP). CPI has outlined key takeaways from Viet Nam’s JETP and the RMP and identified some immediate actions to help them succeed. The post JETP Resource Mobilization Plan: How Viet Nam can turn ambition into action appeared first on CPI ..read more

In 2023, momentum continued to build around Indonesia’s transition towards a more sustainable and net zero economy. Here are key highlights from our climate finance tracking, sustainable finance, and just energy transition workstreams to empower Indonesia's path to net zero, as well as as a preview of what is in stock for 2024. The post Empowering Indonesia’s Path to Net Zero: Highlights from 2023 appeared first on CPI ..read more

While India has ambitious Nationally Determined Contributions (NDCs) and net-zero targets, it lacks a legal framework to achieve economy-wide net-zero targets. Despite policies like the National Action Plan for Climate Change, India lacks formal climate legislation. Recent sectoral laws promote renewable energy but lack a comprehensive focus on emission reduction. To address this, a net-zero bill has been introduced in the Indian parliament. A potential solution involves consolidating existing laws under a comprehensive Climate/Environment Act and redefining institutions to align with low-carb ..read more

Cities are not receiving the finance they need to adapt to the effects of climate change. Multilateral development banks, by leveraging their balance sheets and technical expertise, can be a cornerstone in attracting the financing needed for cities in low- and middle-income countries to realize their climate action plans.  The post Blog: Urban climate finance is a low-hanging fruit of MDB reform appeared first on CPI ..read more

As COP28 closes with a groundbreaking commitment to transition away from fossil fuels making headlines across the media landscape, the CCFLA team has taken time to reflect on the progress made during this year’s conference in driving our mission forward—to accelerate urban climate finance.   The post COP28 Recap: CCFLA’s Impactful Engagement in Advancing Urban Climate Finance appeared first on CPI ..read more

This blog analyses the cost of climate inaction based on findings from the Global Landscape of Climate Finance 2023. The post The Cost of Inaction appeared first on CPI ..read more

High integrity forests provide crucial carbon sequestration and storage. The Global Innovation Lab for Climate Finance will support one financial instrument to direct funds towards them in 2024. Proposal submission is open until December 27. The post Seeking ideas to unlock finance for high integrity forests appeared first on CPI ..read more

Recently, CLIC and ImpactSF assessed eight African agribusinesses for their climate risks and impacts, in preparation for a showcase at a dedicated climate and nature Agribusiness Dealroom session, organised in collaboration with AGRA, at the 2023 African Food Systems Forum (AGRF) in Tanzania.  The post CLIC and CGIAR (ImpactSF): A Strategic Partnership to Accelerate Sustainable Agrifood SMEs in Africa appeared first on CPI ..read more

In this piece, CPI Indonesia Director Tiza Mafira shares her insights on the national convergence as well as coordinated global responses required for Indonesia's JETP to succeed. The post Indonesia’s JETP is a glass half full appeared first on CPI ..read more