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I4CE Newsletter - From Climate Finance to Paris Alignment
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Over the past years, development banks have put much effort into “climate finance” and committed to increase their support for activities with direct mitigation and adaptation co-benefits. However, following up on their commitments to “Align with the Paris Agreement”, these institutions need to go a step further. They must ensure that all activities they finance do not hinder the achievement of climate objectives.
Development banks are currently working on new strategies and action plans in the run up to COP26 in Glasgow, and the question is whether they will go beyond traditional climate finance considerations. Today, all eyes are on the soon to be released Climate Action Plan of the World Bank Group as it will set the tone for other banks and be a proxy for the development finance community’s ambition in Glasgow. 
This week, in our newsletter, Alice Pauthier from I4CE explains why going beyond climate finance is necessary, and you’ll discover our new “toolbox” to help financial institutions align with the Paris Agreement. We also invite you to a webinar to find out why financial institutions do not only focus anymore on the alignment of “what” is financed, but also of “who” is financed.

#I4CExpertViewPoint
By COP26 development banks mut go beyond climate finance to align with Paris
Climate finance represents a major contribution in reaching the Paris goals and should continue to be an investment priority but, for Alice Pauthier of I4CE, development banks should also seek to as a minimum do no harm and, given their limited resources, focus on the catalytic role they can play and aim to be “transformative” whenever possible.

#I4CE_report 
Operationalization Framework on Aligning with the Paris Agreement
NewClimate Institute and I4CE have developed this 'toolbox’ to help the International Development Finance Club and all financial institutions in their journey to alignment. There is no single tool or metric that will allow an institution to align with the Paris Agreement. Rather, a tailored combination of tools will be needed.

#I4CEvent #LondonClimateActionWeek
July 1st at 1pm: #Webinar I Why are financial institutions focusing on the alignment of counterparties?
Financial institutions who committed to be “Paris aligned” have identified a need to focus on counterparties. Why? And what are the initial steps they are taking to do so? This webinar is open to all financial institutions professionals willing to hear the insights of and exchange with peers. 


 

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