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Short-lived climate pollutant (SLCP) emission reductions can play an instrumental role in curbing climate change while also realizing co-benefits for air quality, health and agricultural productivity. Yet despite these multiple benefits, SLCP mitigation projects have not been financed to their full potential.
Encouragingly, several existing funds are in a position to finance projects, technologies, and policies that cut SLCP emissions. The private finance sector – hedge funds, banks and insurance companies – is also increasingly aware of climate change risks and the economic benefits of mitigation activities. The challenge is to create an environment where these sources of finance can be channeled to SLCP projects at a larger scale.
Recognizing the need to accelerate and scale up SLCP mitigation, the Coalition established the Finance initiative to catalyze investment for this purpose while maximizing near-term climate and health benefits. The initiative provides training and technical assistance to financiers and key stakeholders to make investment in SLCP activities more straightforward, reliable, and attractive to the finance sector.
Finance for SLCP reductions is a diverse activity that will require solutions customized to each sector, type of purchase and investment being made. Mitigation projects span multiple sectors, including fossil fuels, agriculture, household energy, and industrial processes; and require financing activities that range from long-term public sector infrastructure investments and public procurement, to corporate investments and individual purchase decisions.
Since many of the institutions engaged in SLCP finance have largely focused on financing carbon dioxide abatement, the initiative is specifically working with partner financial institutions to develop tools that will allow them to assess and prioritize investments based on their contributions to SLCP reductions.
The initiative’s work is focused on:
The initiative aims to unlock financial resources to support transformational actions that reduce SLCP emissions at scale. It does this by engaging key stakeholders and mobilizing public support to attract private sector investment. The initiative also seeks to increase engagement of the financial sector to take on more systematic considerations of financing dimensions in each of the Coalition’s sectoral initiatives.
In particular, the Financing initiative aims to:
Recognizing that landfill emissions are expected to rise in the foreseeable future, the World Bank and the CCAC commissioned a report describing how local authorities, private landfill owners, and project developers can finance systems that mitigate these emissions. The report used insights from existing projects, including key enabling conditions and risk mitigation strategies.
The Coalition established a Finance Task Team to build on partner contributions and ensure our financing matches the ambition of our political commitment.
Over the last year, the Coalition has increased high-level engagement and developed a robust framework for a multiple benefits pathway approach. Key results from our 11 initiatives are reflected...
This document presents results from the Climate & Clean Air Coalition’s Finance Initiative reported between July 2016 and June 2017. These results were recorded using the Demonstrating...
Lead Partner: A Coalition partner with an active role in coordinating, monitoring and guiding the work of an initiative.
Implementer: A Coalition partner or actor receiving Coalition funds to implement an activity or initiative.
It is estimated that to mitigate climate change, and to decorbonize the economies of the world, will require channelling financing of over 1 trillion USD per year until 2050 to green the two most GHG emitting sectors: energy and land-use.
At COP15 in Copenhagen in 2009, developed countries committed to a goal of jointly mobilising USD 100 dollars a year by 2020 from a wide variety of sources, public and private, bilateral and multilateral, including alternative sources of finance.
Results-based programs disburse funds in relation to outputs or outcomes rather than inputs and activities. For an example of successful RBF program, please see webinar on developing clean stove technologies.
From fund governance and eligibility to sharing experiences on on-going projects, the Climate Finance Options platform enables users to get an informed perspective.
Climate Funds Update is an independent website that provides information on the growing number of international climate finance initiatives designed to help developing countries address the challenges of climate change.
In June 2019 at a workshop in Dhaka, the Climate and Clean Air Coalition, IDCOL and the Frankfurt School of Finance and Management, presented the results of the Technical assistance for brick kiln...
Details on the event agenda and programme structure for the one-day workshop taking place in Dhaka, Bangladesh on 23 July, 2019.
There is a financial cost attached to the use of energy sources. The average household size in Nigeria is approximately six persons and a family relying on kerosene for cooking will face...
The objective of this study is to present the results of a model developed by Microsol with regards to cooking in rural households between 2018 and 2030, with information from three countries:...
The UNEP Denmark Technical University Partnership (UNEP DTU) on behalf of CCAC, facilitated the South-South Learning Exchange workshop focused on clean energy (lighting and cooking) end...
Clean Household Energy Transition presentation by Dr. Alice Kaudia at the Africa Climate Week 2019, on 21 March 2019 in Accra, Ghana.
Green Energy Finance presentation by Francis V.M...
In connection to the Nordic Finance day, which was organised at the Nordic Pavilion at COP24 in Katowice, Poland, NEFCO organised an event about 'Small steps can lead to giant leaps - Scaling up...