Green Recovery
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.
Featured work
Press Release
High-level Advisory Council convenes to create framework 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.
Blog
How the Coronavirus Recovery Effort can Support a European Green Deal
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.
Latest work
Publication
Framework for Sustainable Finance Integrity
A framework to guide financial system integrity and smooth the financial sector’s move to sustainability and net zero.
Publication
Recovery Bonds
This paper assesses the potential for Recovery Bonds to help sovereigns raise capital to fund a sustainable and climate-resilient post-COVID recovery.
Publication
Results-Based Financing
This report assesses the potential for Results-based Finance (RBF) to expand post-COVID recovery funds while improving sustainability efforts.
Publication
Debt for Climate Swaps
DFC swaps can reduce the level of indebtedness, freeing up fiscal resources to be spent on green investments.
Blog
Is India's national budget green enough?
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.
Publication
Leveraging National Development Banks to Enhance Financing for Climate-Smart Urban Infrastructure
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.
