The Baku to Belem Roadmap to 1.3T is about mobilising and directing climate finance, yet it says relatively little about how the underlying climate risks are to be measured, compared and fed into economic decision-making. For countries already grappling with rising debt, tightening fiscal space and escalating climate impacts, this is no longer a technicalContinue reading “Measuring What the Roadmap Misses: Exposure Indices and the New Infrastructure of Climate Finance”
Tag Archives: Adaptation Finance
Legacy Mechanisms, New Expectations: A Perspective on the Baku to Belem Roadmap to 1.3T
The recently released report “Report on the Baku to Belem Roadmap to 1.3T” (henceforth referred to as the Roadmap), prepared as part of the COP29 and COP30 Presidencies, is framed as an action-oriented consolidation of existing initiatives and potential leverage points within the international climate finance system. The report realistically acknowledges the tension between itsContinue reading “Legacy Mechanisms, New Expectations: A Perspective on the Baku to Belem Roadmap to 1.3T”
The Reckoning of Climate Change: A Step Towards a Comprehensive Economic Assessment
Human civilisation has made significant progress, but not without environmental costs. The pursuit of rapid economic growth has presented nations with a long-overdue cheque, and the figures are mind-boggling. According to the Adaptation Gap Report published by UNEP in 2023, the global adaptation finance gap as of present stands at USD 194–366 billion per year,Continue reading “The Reckoning of Climate Change: A Step Towards a Comprehensive Economic Assessment”
Moving from a ‘Fair share’ to a ‘Critical Share’ Paradigm of Climate Expenditure
This year as part of the COP negotiations, we heard a lot about climate justice, equity, and a fair share of both carbon space and climate finance targets (i.e. annual $100 billion). In an interesting piece of research Colenbrander, et.al (2021) suggest three metrics to assess each developed country’s fair share of the climate financeContinue reading “Moving from a ‘Fair share’ to a ‘Critical Share’ Paradigm of Climate Expenditure”