The Policy & Practice of Climate Change & Water

Climate finance

Closing the Gap: New tool to track water solutions for Ceres Investor Network Members

This article was written by Robin Miller, Manager, Investor Engagement, Water Program at Ceres
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For the last eight years, investors, corporate executives and policymakers have
ranked water crises and extreme weather events (exacerbated by climate change) among the top five threats to economic growth and geopolitical stability. Additionally, the latest figures from the Sustainable Development Goals Report 2018 indicate that sizable parts of the global population still lack access to safe drinking water and sanitation (29 percent and 61 percent respectively) while only 59 percent of all wastewater is safely treated.

The funding needed to address the global water crisis remains comparably extensive. In the United States alone, the
American Water Works Association estimated that through 2050, $1.7 trillion USD would be needed to maintain water infrastructure. A survey in 2017 found that over 80 percent of countries reported insufficient financing to meet national water sanitation and hygiene targets.

So, how are we going to finance the solutions to the water crisis?
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New report “Finance options and instruments for Ecosystem-based Adaptation (EbA): Overview and compilation of ten examples”

A new report developed by GIZ provides an overview of available public and private financing sources to implement and sustain EbA measures. It highlights ten practical and illustrative examples to inspire project developers and practitioners interested in exploring different ways to access resources and engagement models for EbA financing. The full report is available here.
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Bonds and Climate Change: State of the Market 2017 Report from Climate Bonds Initiative

The ‘Bonds and Climate Change: State of the Market 2017’ report is in-depth analysis of the climate-aligned and labelled green bond markets. The Report quantifies all bonds where proceeds are being used to finance low carbon and climate resilient infrastructure. The dataset of this year's State of the Market includes 3,493 bonds from 1,128 issuers across seven climate themes: transport, energy, multi-sector, water, buildings and industry, waste and pollution, agriculture and forestry. The 2017 report also has a particular focus on cities with ten case studies identifying existing best practice green city bonds issuance along with opportunities for new city based issuance.
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Guest Blog | Summary of UNFCCC Fifteenth Standing Committee on Finance Meeting

This guest blog was written by Stephanie Lyons, Policy Analyst (Water Security and Climate Change) for WaterAid's Global Policy Team. Ms. Lyons represented the AGWA Policy Group at the UNFCCC Standing Committee on Finance meeting in Bonn, which took place March 7-9. The following report outlines future plans for the SCF in 2017 and beyond.

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The 15th meeting of the UNFCCC Standing Committee on Finance (SCF) brought together the SCF’s member countries and observers to take forward its work in 2017. This was the first of two SCF meetings for 2017 (aside from the SCF Forum); the second meeting has been tentatively scheduled for 18-22 September 2017. An abridged summary of the SCF’s main agreements follows; detailed daily summaries are available from the Climate Finance Advisory Service and documented outcomes are available from the UNFCCC Secretariat.
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Policy Group's New Briefing Document: Water a success factor for implementing the Paris Agreement

The AGWA policy group, coordinated by SIWI, has released a new policy brief outlining successful steps towards implementation of the Paris Agreement.

One of the keys to fulfill the goals set in the Paris Agreement will be wise water management. Water was on the agenda at the UN Climate Change Conference in Marrakesh (COP22), and its key role in strengthening resilience to climate change cannot be overstated. The role of water holds great potential for synergies in adaptation and mitigation, as illustrated in the priorities outlined in the national climate plans. In this policy brief, developed by members of the AGWA policy group, recommendations on how water can inform the implementation of the Paris Agreement, illustrated through its role in the Nationally Determined Contributions (NDCs) are presented.

You can find out more on the AGWA Policy Group by visiting our Policy page.
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