As the world convalesces from the COVID-19 pandemic, we must continue ambitious action on climate change. We have an opportunity to rebuild our world for a more inclusive, more resilient, more sustainable future. This includes mainstreaming climate change considerations into the entire finance ecosystem by targeting both short-term economic recovery and long-term structural changes aligned with sustainable, inclusive growth and strengthening society’s resilience.
CPI, working with our partners, has been a leader in convening and influencing high-level discussions to help bridge economic action with the key need for a green, resilient recovery globally.
High-level Advisory Council convenes to create principles for financing a sustainable economic recovery in the wake of COVID-19
Today, Laurence Tubiana, CEO of the European Climate Foundation (ECF) and Rachel Kyte, Dean of The Fletcher School and Board member of Climate Policy Initiative (CPI), announced the formation of an Advisory Council that will establish a set of Principles for Financing the Sustainable Recovery.
Sharing the burden of combating the coronavirus could set an inspiring precedent for a just transition to combat climate breakdown—which will have fare more dire economic and health impacts than the current pandemic. If the current systemic shock of the coronavirus crisis jolts countries into action, maybe then they can create a truly European Green Deal.
India’s budget for 2021-2022 lays a strong foundation for a sustainable recovery post-COVID-19, with a clear focus on infrastructure development and job creation. Despite the fiscal constraints due to the pandemic, the current budget does convey the government’s intent to fight climate change. However, the budgetary allocations may fall short given the sheer scale of estimated adverse economic impact due to the impending climate crisis.
This report sets the stage to explore the mandate and capacities of National Development Banks in accelerating financing for local governments’ climate-smart urban infrastructure.
Improving the impact of fiscal stimulus in Asia: An analysis of green recovery investments and opportunities
India, Indonesia, the Philippines, Singapore, and South Korea have together announced a total of USD 884 billion in COVID-19 recovery stimulus packages. This study maps the ‘greenness’ of these fiscal stimulus measures and their contribution towards country-level climate objectives.
This report provides an overview of the potential for climate finance, green finance and innovative finance to accelerate China’s decarbonization and support its transition to a green economy.
A new normal after the COVID-19 pandemic requires a green and just economic recovery. Here is our most-read work from 2020 that responds to the challenges, and a preview of what is in stock for 2021.