Making finance consistent with climate goals

Report by: ODI

Author(s): Shelagh Whitley; Joe Thwaites; Helena Wright; Caroline Ott

December 6, 2018

Article 2.1c of the Paris Agreement breaks new ground. It is the first time that the United Nations Framework Convention on Climate Change (UNFCCC) process has set a collective goal reflecting the full scale of effort needed on finance to successfully address climate change. It acknowledges a vital piece of the puzzle in tackling climate change, sending a strong signal about the need to look at all finance (both public and private, domestic and international) and ensure it is supportive of, and not undermining the transition to a low-greenhouse gas emission, climate-resilient world.

To meet their commitments under Paris Agreement, and reap the wider benefits of climate-compatible investment, governments and non-state actors need to identify processes – both within the UNFCCC and beyond – to operationalise Article 2.1c, and explore the array of tools available to cost-effectively manage the transition.

This paper develops a three-part framework to support governments and non-state actors to identify opportunities to: (1) drive action to mobilise and shift finance; (2) track progress against Article 2.1c; and (3) increase ambition. As part of highlighting the approaches that can be taken both inside and outside of the UNFCCC, the authors also outline the four key sets of tools that primarily governments can employ to shift finance.

This toolkit includes financial policies and regulations, fiscal policy levers, public finance and information instruments. The research recommends that Parties to the Paris Agreement must deploy all the tools they have on hand to realign finance with climate goals, and there is a need to act urgently: the 2018 IPCC report found that to keep warming to 1.5°C the world needs to reach net-zero greenhouse gas emissions within 25 years. More starkly, emissions are currently on track to exceed the ‘carbon budget’ for 1.5°C by 2030. There is no time to delay.

Read Full Report

Advanced search

<p></p> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }<br /> /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block.<br /> We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */<br /></style> <div id="mc_embed_signup"> <form id="mc-embedded-subscribe-form" class="validate" action="https://smartthinking.us15.list-manage.com/subscribe/post?u=d372da7dfc98b09a51f2878c8&id=7f0412ec89" method="post" name="mc-embedded-subscribe-form" novalidate="" target="_blank"> <div id="mc_embed_signup_scroll"> <h2><img class="popup-logo" src="http://smartthinking.wpengine.com/wp-content/themes/wordpress-clean-bootstrap/images/menu/SmartThinking_Logo.svg" /></h2> <h2><img class="mailing-list" src="http://smartthinking.wpengine.com/wp-content/uploads/2019/01/mailing-list.png" />Join the recruiter mailing list for all the latest news</h2> <div class="mc-field-group"><input id="mce-EMAIL" class="required email" name="EMAIL" type="email" value="" placeholder="Email" /></div> <div class="mc-field-group"><input id="mce-FNAME" class="" name="FNAME" type="text" value="" placeholder="First name" /></div> <div class="mc-field-group"><input id="mce-LNAME" class="" name="LNAME" type="text" value="" placeholder="Last name" /></div> <div id="mce-responses" class="clear"> <div id="mce-error-response" class="response" style="display: none;"></div> <div id="mce-success-response" class="response" style="display: none;"></div> </div> <p></p> <div style="position: absolute; left: -5000px;" aria-hidden="true"><input tabindex="-1" name="b_d372da7dfc98b09a51f2878c8_7f0412ec89" type="text" value="" /></div> <div class="clear"><input id="mc-embedded-subscribe" class="button" name="subscribe" type="submit" value="Subscribe" /></div> </div> </form> </div> <p><script type='text/javascript' src='//s3.amazonaws.com/downloads.mailchimp.com/js/mc-validate.js'></script><script type='text/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='ADDRESS';ftypes[3]='address';fnames[4]='PHONE';ftypes[4]='phone';}(jQuery));var $mcj = jQuery.noConflict(true);</script><br /> </p>

<p> <link href="//cdn-images.mailchimp.com/embedcode/classic-10_7.css" rel="stylesheet" type="text/css"> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */ </style> <div id="mc_embed_signup"> <form action="https://smartthinking.us15.list-manage.com/subscribe/post?u=d372da7dfc98b09a51f2878c8&id=010447c258" method="post" id="mc-embedded-subscribe-form" name="mc-embedded-subscribe-form" class="validate" target="_blank" novalidate> <div id="mc_embed_signup_scroll"> <div class="mc-field-group"><input id="mce-EMAIL" class="required email" name="EMAIL" type="email" value="" placeholder="email" /></div> <div class="mc-field-group"><input id="mce-FNAME" class="" name="FNAME" type="text" value="" placeholder="first name" /></div> <div class="mc-field-group"><input id="mce-LNAME" class="" name="LNAME" type="text" value="" placeholder="last name" /></div> <div class="mc-field-group input-group"> <strong>Internship Types </strong></p> <ul> <li><input type="checkbox" value="1" name="group[5115][1]" id="mce-group[5115]-5115-0"><label for="mce-group[5115]-5115-0">Communications</label></li> <li><input type="checkbox" value="2" name="group[5115][2]" id="mce-group[5115]-5115-1"><label for="mce-group[5115]-5115-1">Events</label></li> <li><input type="checkbox" value="4" name="group[5115][4]" id="mce-group[5115]-5115-2"><label for="mce-group[5115]-5115-2">Fundraising</label></li> <li><input type="checkbox" value="8" name="group[5115][8]" id="mce-group[5115]-5115-3"><label for="mce-group[5115]-5115-3">Research</label></li> </ul> </div> <div id="mce-responses" class="clear"> <div class="response" id="mce-error-response" style="display:none"></div> <div class="response" id="mce-success-response" style="display:none"></div> </p></div> <p> </p> <div style="position: absolute; left: -5000px;" aria-hidden="true"><input type="text" name="b_d372da7dfc98b09a51f2878c8_010447c258" tabindex="-1" value=""></div> <div class="clear"><input type="submit" value="Subscribe" name="subscribe" id="mc-embedded-subscribe" class="button"></div> </p></div> </form> </div> <p><script type='text/javascript' src='//s3.amazonaws.com/downloads.mailchimp.com/js/mc-validate.js'></script><script type='text/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='ADDRESS';ftypes[3]='address';fnames[4]='PHONE';ftypes[4]='phone';}(jQuery));var $mcj = jQuery.noConflict(true);</script><br /> </p>

<p> <link href="//cdn-images.mailchimp.com/embedcode/classic-10_7.css" rel="stylesheet" type="text/css"> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */ </style> <div id="mc_embed_signup"> <form action="https://smartthinking.us15.list-manage.com/subscribe/post?u=d372da7dfc98b09a51f2878c8&id=a6b0d9156d" method="post" id="mc-embedded-subscribe-form" name="mc-embedded-subscribe-form" class="validate" target="_blank" novalidate> <div id="mc_embed_signup_scroll"> <div class="mc-field-group"><input id="mce-EMAIL" class="required email" name="EMAIL" type="email" value="" placeholder="email" /></div> <div class="mc-field-group"><input id="mce-FNAME" class="" name="FNAME" type="text" value="" placeholder="first name" /></div> <div class="mc-field-group"><input id="mce-LNAME" class="" name="LNAME" type="text" value="" placeholder="last name" /></div> <div class="mc-field-group input-group"> <strong>Job Types </strong></p> <ul> <li><input type="checkbox" value="1" name="group[5111][1]" id="mce-group[5111]-5111-0"><label for="mce-group[5111]-5111-0">Communications</label></li> <li><input type="checkbox" value="2" name="group[5111][2]" id="mce-group[5111]-5111-1"><label for="mce-group[5111]-5111-1">Events</label></li> <li><input type="checkbox" value="4" name="group[5111][4]" id="mce-group[5111]-5111-2"><label for="mce-group[5111]-5111-2">Fundraising</label></li> <li><input type="checkbox" value="8" name="group[5111][8]" id="mce-group[5111]-5111-3"><label for="mce-group[5111]-5111-3">Research</label></li> </ul> </div> <div id="mce-responses" class="clear"> <div class="response" id="mce-error-response" style="display:none"></div> <div class="response" id="mce-success-response" style="display:none"></div> </p></div> <p> </p> <div style="position: absolute; left: -5000px;" aria-hidden="true"><input type="text" name="b_d372da7dfc98b09a51f2878c8_a6b0d9156d" tabindex="-1" value=""></div> <div class="clear"><input type="submit" value="Subscribe" name="subscribe" id="mc-embedded-subscribe" class="button"></div> </p></div> </form> </div> <p><script type='text/javascript' src='//s3.amazonaws.com/downloads.mailchimp.com/js/mc-validate.js'></script><script type='text/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='ADDRESS';ftypes[3]='address';fnames[4]='PHONE';ftypes[4]='phone';}(jQuery));var $mcj = jQuery.noConflict(true);</script><br /> </p>

<p></p> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }<br /> /* Add your own MailChimp form style overrides in your site stylesheet or in this style block.<br /> We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */<br /></style> <div id="mc_embed_signup"> <form id="mc-embedded-subscribe-form" class="validate" action="https://smartthinking.us15.list-manage.com/subscribe/post?u=d372da7dfc98b09a51f2878c8&id=56cdd44a75" method="post" name="mc-embedded-subscribe-form" novalidate="" target="_blank"> <div id="mc_embed_signup_scroll"> <div class="mc-field-group"><input id="mce-EMAIL" class="required email" name="EMAIL" type="email" value="" placeholder="email" /></div> <div class="mc-field-group"><input id="mce-FNAME" class="" name="FNAME" type="text" value="" placeholder="first name" /></div> <div class="mc-field-group"><input id="mce-LNAME" class="" name="LNAME" type="text" value="" placeholder="last name" /></div> <div id="mce-responses" class="clear"></div> <p></p> <div style="position: absolute; left: -5000px;" aria-hidden="true"><input tabindex="-1" name="b_d372da7dfc98b09a51f2878c8_56cdd44a75" type="text" value="" /></div> <div class="clear"><input id="mc-embedded-subscribe" class="button" name="subscribe" type="submit" value="Subscribe" /></div> </div> </form> </div> <p><script type='text/javascript' src='//s3.amazonaws.com/downloads.mailchimp.com/js/mc-validate.js'></script><script type='text/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';}(jQuery));var $mcj = jQuery.noConflict(true);</script><br /> </p>

<p></p> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }<br /> /* Add your own MailChimp form style overrides in your site stylesheet or in this style block.<br /> We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */<br /></style> <div id="mc_embed_signup"> <form id="mc-embedded-subscribe-form" class="validate" action="https://smartthinking.us15.list-manage.com/subscribe/post?u=d372da7dfc98b09a51f2878c8&id=d8503c84d6" method="post" name="mc-embedded-subscribe-form" novalidate="" target="_blank"> <div id="mc_embed_signup_scroll"> <div class="mc-field-group"><input id="mce-EMAIL" class="required email" name="EMAIL" type="email" value="" placeholder="email" /></div> <div class="mc-field-group"><input id="mce-FNAME" class="" name="FNAME" type="text" value="" placeholder="first name" /></div> <div class="mc-field-group"><input id="mce-LNAME" class="" name="LNAME" type="text" value="" placeholder="last name" /></div> <div id="mce-responses" class="clear"></div> <p></p> <div style="position: absolute; left: -5000px;" aria-hidden="true"><input tabindex="-1" name="b_d372da7dfc98b09a51f2878c8_d8503c84d6" type="text" value="" /></div> <div class="clear"><input id="mc-embedded-subscribe" class="button" name="subscribe" type="submit" value="Subscribe" /></div> </div> </form> </div> <p><script type='text/javascript' src='//s3.amazonaws.com/downloads.mailchimp.com/js/mc-validate.js'></script><script type='text/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='ADDRESS';ftypes[3]='address';fnames[4]='PHONE';ftypes[4]='phone';}(jQuery));var $mcj = jQuery.noConflict(true);</script><br /> </p>

Interest Areas

Making finance consistent with climate goals

Report by: ODI

Author(s): Shelagh Whitley; Joe Thwaites; Helena Wright; Caroline Ott

Explore our reports

Interest Areas

Related Events

Making finance consistent with climate goals

Report by: ODI

Author(s): Shelagh Whitley; Joe Thwaites; Helena Wright; Caroline Ott

Explore our reports

Interest Areas

Related Events

You might also like...