Climate Change

The world is paying close attention to the multilateral development banks' (MDBs') potential for financing global climate action. MDBs have committed to aligning their financing with the Paris Agreement, and an explicit approach towards Paris-alignment of policy-based finance has been long expected from them. This working paper explains why this is important and what such an approach would entail.

At the UN Climate Conference in Glasgow (COP26), several multilateral initiatives were launched. In this fact sheet, we took a closer look at the Beyond Oil and Gas Alliance (BOGA) and its potential to close the 2030 ambition gap and implement climate action more quickly.

At the UN Climate Conference in Glasgow (COP26), several multilateral initiatives were launched. In this fact sheet, we took a closer look at the Glasgow Leaders' Declaration on Forests and Land-Use (GDFLU) and its potential to close the 2030 ambition gap and implement climate action more quickly.

At the UN Climate Conference in Glasgow (COP26), several multilateral initiatives were launched. In this fact sheet, we took a closer look at the Global Methane Pledge (GMP) and its potential to close the 2030 ambition gap and implement climate action more quickly.

COP26 decided on the Glasgow Dialogue for parties and non-party stakeholders to discuss existing arrangements for funding activities to avert, minimize and address loss and damage. The first dialogue took place during the Bonn Climate Change Conference (SB 56) in June 2022. This briefing paper summarises its results in four key areas and makes recommendations concerning necessary next steps.

The Just Energy Transition Partnership (JETP), announced last year with South Africa, aims to reduce emissions in the energy sector and accelerate the coal phase-out process. The partnership, first announced in COP26 with the promised value of 8.5$ billion, was then followed by a G7 announcement for a similar partnership in India, Indonesia, Senegal, and Vietnam. As an important thread in the social fabric of many countries, it is crucial for CSOs to be involved in providing input and monitoring the partnership process, especially as Indonesia and India are preparing their own JETP.

The German government planned on making climate and sustainability the main topics of its G7 presidency. In this briefing, we outline what the G7 Leaders’ Summit was able to achieve, which gaps remained, and where to go from there.

When the G7 leaders met at the end of June 2022 in Elmau, they called on Multilateral Development Banks (MDBs) to further strengthen ambitious climate action. This policy brief explains what the G7 asked the MDBs to do, why this is important, and what it means in terms of concrete steps that should be taken in the short and medium term (including until COP27) to halt the climate crisis and successfully support the global transformation towards green and resilient economies. In this critical decade of implementation, quick outcomes are more important than ever before and MDBs are called upon to increase their efforts. Especially the World Bank will be assessed in terms of its ability to step up its climate ambitions and to lead the MDBs’ engagement in those areas.