Category: Community
Green Finance under the Escazu Agreement
By Héctor Herrera Over the last few years, two parallel processes have unfolded in Latin America and the Caribbean (LAC). They are seldom considered together, but must be analyzed as intersecting: the drafting and implementation of the Escazú Agreement on environmental participation, and the expansion of the green bond market. I argue that green bonds, debt…
Who decides what is ‘green’ enough to be ‘green’?
By Stephanie Garcidueñas Nieto # As the preferred ‘green’ financial instrument to fund the green transition, Green Bonds (GB) have become leaders of the market, with S&P Global forecasting a 1$ trillion issuance for 2023 alone. Nonetheless, the green bond market continues to face criticism about greenwashing, lack of a common green definition for projects, transparency, and metrics to define what…
The narrow allure of bridging funding gaps with blended finance
By Patrick Bigger The last decade has seen the spectacular growth of a new genre of Development Bank and consultancy report- the Gap report. Covering issues from adaptation, to renewable energy, to biodiversity conservation, to infrastructure and more, these gap reports all try to quantify the shortfall between existing and needed finance to achieve specified outcomes or targets. The overarching…
Debt and green transition: An Introduction
By Tomaso Ferrando and Giedre Jokubauskaite This post introduces a blog series where multiple authors explore the role of debt as one of the most popular financial tools behind the ‘green transition’. Green and sustainability bonds, green microfinance, insurance and loan-enabled ‘loss and damage’ finance, are but a few of many variations of the governance…
Reflecting on COP 27 & the Loss and Damage Fund through the Indian lens
By Nabeela Siddiqui & Rajesh Ranjan During the UN Climate Change Conference (COP27) in Egypt, participating countries reiterated their commitment to limit global temperature rise, enhance efforts to reduce emissions, address climate impacts, and provide support to developing nations. A significant development during the conference was the establishment of a dedicated fund for addressing Loss…
