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11. Asia’s Climate Finance Needs & Opportunities: Advancing a Shared Vision

Author:
Meera Gopal and Kate Logan
Publication Date:
06-2024
Content Type:
Special Report
Institution:
Asia Society
Abstract:
Asia is home to over half of the world’s population and faces immense challenges from climate change impacts. Despite receiving more climate finance than other regions, Asia's needs far outpace current flows, highlighting the urgency for enhanced transparency and accelerated reforms. “Asia’s Climate Finance Needs & Opportunities: Advancing a Shared Vision” provides a comprehensive analysis of climate finance flows to developing countries in Asia, emphasizing the need for reforms to the global financial architecture. This report, launched by the Asia Society Policy Institute, takes stock of current financial flows, assesses how global financial reforms could enhance these flows, and offers recommendations for moving forward from an Asian perspective. The study highlights Asia's diverse climate finance needs, the role of China’s development finance in the region, and the challenges posed by varying needs across subregions. It underscores the importance of harmonizing data and standards to improve transparency and support equitable distribution of funds. Key recommendations include adopting a “whole-of-economy” approach, repurposing fossil fuel subsidies, and increasing finance for adaptation efforts by tapping into the private sector. These strategies aim to address the unique climate and development needs of Asia and support its transition towards sustainable growth.
Topic:
Reform, Climate Finance, Economic Growth, and Transparency
Political Geography:
Asia

12. Australia and the Resilient Pacific Islands

Author:
Andrea Gleason
Publication Date:
02-2024
Content Type:
Special Report
Institution:
East-West Center
Abstract:
Australia is committed to delivering at least AUD 700 million in climate finance to the Pacific and investing in climate-resilient infrastructure across the region, including through the Australian Infrastructure Financing Facility for the Pacific.
Topic:
Climate Change, Economics, Infrastructure, Climate Finance, and Resilience
Political Geography:
Australia and Pacific Islands

13. The Role of the United States in Just Energy Transition Partnerships in Indonesia and Vietnam

Author:
Melinda Martinus
Publication Date:
07-2024
Content Type:
Special Report
Institution:
East-West Center
Abstract:
Melinda Martinus, Lead Researcher focusing on Climate Change in Southeast Asia and sustainable development at ISEAS-Yusof Ishak Institute, explores the Just Energy Transition Partnerships (JETPs) for Indonesia and Vietnam against the backdrop of the upcoming US presidential election.
Topic:
Foreign Policy, Climate Change, Partnerships, Climate Finance, Energy, Climate Justice, and Energy Transition
Political Geography:
Indonesia, Vietnam, Southeast Asia, and United States of America

14. The Road to Baku, Belém, and Beyond: A 5-Year Outlook for U.S. International Climate Finance

Author:
Courtney Federico
Publication Date:
06-2024
Content Type:
Special Report
Institution:
Center for American Progress - CAP
Abstract:
The United States must work to establish an ambitious new international climate finance goal this year at COP29 as part of a five-year plan to scale resources to combat the climate crisis.
Topic:
Climate Change, Diplomacy, Climate Finance, and Conference of the Parties (COP)
Political Geography:
Global Focus and United States of America

15. Climate Adaptation Finance: The Gap Between Needs and Resources Continues to Grow

Author:
Jamal Saghir and Ede Jorge Ijjasz-Vasquez
Publication Date:
01-2024
Content Type:
Policy Brief
Institution:
Institute for the Study of International Development, McGill University (ISID)
Abstract:
Our recent research on the state and trends of climate adaptation finance needs, gaps, and trends globally and in Africa provides new insights that call for greater urgency in adaptation action and financing. The global adaptation funding gap continues to widen because the understanding of needs shows much higher levels of investment required, and the rate of increase of adaptation financing is insufficient. In this policy brief, we review global climate finance trends, the growing funding gap in climate adaptation finance globally and in Africa, financial instruments used for climate adaptation, and challenges and recommendations to improve the tracking of climate adaptation finance.
Topic:
Climate Change, Climate Finance, International Development, Funding, and Adaptation
Political Geography:
Africa and Global Focus

16. Unveiling Challenges and Gaps in Climate Finance in Conflict Areas

Author:
Karen Meijer and Abeer S. Ahmad
Publication Date:
10-2024
Content Type:
Commentary and Analysis
Institution:
Stockholm International Peace Research Institute (SIPRI)
Abstract:
This SIPRI Insights addresses challenges related to climate finance distribution in conflict-affected countries, where vulnerabilities to climate change are significantly exacerbated. Conflict reduces the ability of populations to adapt, making effective climate finance even more critical. Despite increasing global climate finance commitments, conflict-affected countries consistently receive disproportionately low amounts of per capita climate adaptation official development assistance (ODA) compared to non-conflict-affected countries with similar income levels and climate vulnerabilities. The paper’s analysis, covering both bilateral and multilateral ODA flows between 2015 and 2021, highlights significant disparities in per capita climate adaptation funding. For example, small island developing states receive over US$100 per capita annually, while many conflict-affected countries receive less than $1. Methodological challenges such as those related to ‘regional’ or ‘unspecified’ funds and limited data transparency prevent accurate assessments. The paper highlights the need for improved transparency, equitable redistribution of funds and stronger donor–recipient coordination to ensure climate finance reaches the most vulnerable populations, especially in conflict settings.
Topic:
Climate Change, Development, Climate Finance, Conflict, and Transparency
Political Geography:
Global Focus

17. Climate and Development KPIs

Author:
Ian Mitchell and Edward Wickstead
Publication Date:
11-2024
Content Type:
Policy Brief
Institution:
Center for Global Development (CGD)
Abstract:
How committed are countries to tackling climate change at home and in developing countries? These tables provides nine key indicators on the world’s major economies spanning their climate contributions in three areas: emissions, policy, and international finance. Indicators are calculated to be comparable between countries with several expressed relative to population or economy size. Countries are ordered by the number of indicators on which they score in the best quartile, with indicators shaded for top quartile performance.
Topic:
Climate Change, Development, Climate Finance, and Economy
Political Geography:
Global Focus

18. COP29: Reason for Hope Despite the New Climate Financing Deal

Author:
Margareth Sembiring
Publication Date:
12-2024
Content Type:
Commentary and Analysis
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
Although COP29 did not deliver a satisfactory new climate financing figure, other developments outside of the UNFCCC give reason to hope for a sustained momentum for climate action.
Topic:
United Nations, Climate Finance, and Conference of the Parties (COP)
Political Geography:
Global Focus

19. Agriculture and Food at COP28: Not Just More Money

Author:
Jose M. L. Montesclaros and Paul Teng
Publication Date:
01-2024
Content Type:
Commentary and Analysis
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The recent COP28 Climate Summit has finally given due recognition to food and agriculture given the close links between climate change and food production. While the summit saw a big push to operationalise the newly established Loss and Damage Fund, limited attention was given to agriculture in discussions on the said fund. Rather than focusing on drawing from the new fund to promote sustainable and climate-resilient agricultural practices, greater attention is needed instead to mobilising existing funds.
Topic:
Agriculture, Food, Climate Finance, and Conference of the Parties (COP)
Political Geography:
Global Focus

20. Inclusion of Loss and Damage as a Subgoal in the New Collective Quantified Goal (NCQG)

Author:
International Centre for Climate Change and Development (ICCCAD)
Publication Date:
11-2024
Content Type:
Policy Brief
Institution:
International Centre for Climate Change and Development (ICCCAD)
Abstract:
The policy brief demonstrates how incorporating Loss and Damage (L&D) into the New Collective Quantified Goal (NCQG) being discussed currently at COP 29 will address not only the equity gap for developing countries, but also provide a well-rounded and well-defined climate finance landscape. By anchoring L&D as a distinct component within the NCQG, developing countries can secure finances to respond to unavoidable climate impacts and non-economic loss and damage, ensuring a more comprehensive and just response to the climate crisis.
Topic:
Climate Change, Development, Climate Finance, Equity, Loss and Damage (L&D), and Conference of the Parties (COP)
Political Geography:
Global Focus