Report of the Independent High-Level
Expert Group on Climate Finance. This independent group was tasked to help develop and put forward policy options and recommendations to encourage and enable the public and private investment and finance necessary for delivery of the commitments, ambition, initiatives and targets of the UNFCCC Paris Agreement, further reflected within the Glasgow Climate Pact, building momentum and further action for the Sharm el-Sheikh agenda an. [...] The work of the Independent High-Level Expert Group on Climate Finance is supported by the UN Economic Commission for Africa, the Brookings Institution, and the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science and the Institute’s funders, including the Grantham Foundation for the Protection of the Environment, Quadrature Clim. [...] Scope of the paper The logic of this paper follows from the logic of delivering on the goals of the Paris Agreement and the Glasgow Pact. [...] These initiatives should work together proactively and in partnership with the MDBs and countries to tackle impediments including the bottlenecks and obstacles in the investment climate, identification and development of projects, and reducing, sharing and managing risks to bring down the cost of capital. [...] • Shareholders must recognise that capital increases for the MDBs over the coming five years will be required to achieve the necessary three-fold increase in flows, and that the ideas from the Capital Adequacy Frameworks (CAF) (including the greater use of guarantees) and the capital increases required are very low cost to the budgets of country-shareholders in relation to the flows of resources r.
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- Pages
- 97
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- United Kingdom