Reading and resources

Reyes, O. (Ed). (2012). “Introduction: Understanding Private Climate Finance” in Understanding Private Climate Finance: A Critical Reader.

A clear and concise introduction to the issues at the center of debates on climate finance right now – what climate change means for the financial sector, and what financial opportunities financial markets, private banks and investors see in relation to climate change – a brief history of how we arrived at this moment, and some of the political implications.

Singh, K. (2012). “Fixing Global Finance: Recent Trends in International Finance and Developmental Implications” in Understanding Private Climate Finance: A Critical Reader.

The starting point in any discussion on global financial reforms should be an assessment of key developments that has shaped the global financial system (or rather “non system”) over the past few decades. These developments will help in understanding the nature and dynamics of rapidly changing landscape of global finance.

Heinrich Böll Stiftung and Overseas Development Institute, Climate Finance Fundamentals,

This series of 11 short introductory briefings looks at various aspects of climate change financing. It is meant to give readers unfamiliar with the global discourse about funding for climate action a better understanding of financial flows, the regions and countries they reach, and the climate interventions they target.

Araghi, F (2010) “The End of ‘Cheap Ecology’ and the Crisis of ‘Long Keynesianism’”, Economic and Political Weekly,

This article argues that a crisis of “negative Keynesianism” is leaving the World Trade Organization, the International Monetary Fund and the World Bank with no solution other than transferring the costs to the South (and to the South within the North). It suggests that climate financing under the auspices of the UNFCCC is following the same path.

Buchner B. et al. (2012) The Landscape of Climate Finance 2012, Climate Policy Initiative,

An assessment of the current status of the climate change-related finance, mapping various flows including sources of finance, intermediaries involved in distribution, financial instruments, and final uses. It builds on a 2011 study of the same name,

Equity and Ambition Group, Climate Justice Briefs,

A series of 12 briefings on various topics spanning the scope of discussions at the UNFCCC, including papers on climate debt, international climate finance, the World Bank, REDD and carbon markets.

IPS, CRBM et al. (2010) Climate Finance Sources: a discussion paper ,

This short paper details the criteria that progressive civil society groups consider necessary to introduce a global finance regime that will help lead to climate justice. Governments of richer countries have accumulated a climate debt to the rest of the world that they must repay. The paper provides an initial assessment of the strong and weak points of some of the most promising proposals. None are perfect, but all have the potential to contribute useful new sources of funding.

Climate Finance and Markets,

The Sustainable Energy and Economy Network is a project of the Institute for Policy Studies, a community of public scholars and organizers linking peace, justice, and the environment in the U.S. and globally. It works in partnership with citizens groups in the USA and globally, with a particular focus on energy, climate change, environmental justice, gender equity, and economic issues, particularly as these play out in North-South relations.

Climate Finance Page, Heinrich Böll (North America),

The Heinrich Böll Foundation is an international policy network and think tank part of the Green political movement that has developed worldwide as a response to the traditional politics of socialism, liberalism, and conservatism. Its main tenets are ecology and sustainability, democracy and human rights, self-determination and justice.

Climate Funds Update,

A joint initiative of the Heinrich Böll Stiftung and the Overseas Development Institute (ODI). This website profiles the growing number of international climate finance initiatives designed to help developing countries address the challenges of climate change. It includes data on bilateral and multilateral funds, as well as a series of useful briefings and reports.