Carbon markets

UN Advisory Group on Climate Finance report falls flat

A new report on climate change financing options released today by a U.N. Advisory Group unwisely emphasizes carbon markets and other private finance options, while irresponsibly advocating an increased role for multilateral development banks (MDBs).

Climate finance must add up

One of the most contentious issues at the global climate talks taking place this week in Tianjin, China continues to be finance: how to fund efforts to adapt to climate change and mitigate greenhouse gas emissions. The global financial crisis has made these discussions even more challenging as developed countries like the U.S. struggle with rising deficits.