Publications Development finance

From Aligning with Paris to the SDGs

4 November 2020 - Climate Brief - By : Alice PAUTHIER / Ian COCHRAN, Phd

Climate Action and Sustainable Development are two parts of the same challenge and must be addressed together. Both adopted in 2015, the Paris Agreement and the 2030 Agenda for Sustainable Development frame a set of global objectives that are deeply connected.  

 

Since 2015, discussions on the ‘alignment’ either with the climate or sustainable development objectoves have arisen with a need to develop robust frameworks that can support institutions in aligning themselves with these objectives from strategies to operations. This document aims to connect the dots between the climate and the sustainable development community and discuss how to connect – if not unify – alignment approaches.

 

This Climate Brief discusses how I4CE’s Framework for Alignment with the Paris Agreement could be used as a basis for broader SDGs alignment frameworks. It is intended to serve as a basis for exchange between financial institutions’ practitioners and the think tank and research community who have started to develop and sometimes implement alignment approaches with either climate or sustainable development objectives, or both.

 

Key messages:

 

– Alignment requires that both public and private actors look across three dimensions to assess whether their strategies and operations are both consistent with and best contribute to climate and sustainability goals:
– A Comprehensive Scope of Action,
– A Long-Term Time Horizon to Guide Impact,
– An Ambitious Scale of Contribution.

– Alignment approaches should rely on ambitious national pathways or ‘visions’ of how long-term climate and sustainability goals could be met nationally and internationally. How-ever, in practice national pathways are still insufficiently operationalizable and there is an urgent need to develop them.

– To overcome the inherent complexity of addressing both climate change and other SDGs simultaneously, the approach proposed by the 2019 Global Sustainable Development Report appears to be a step forward to guide the development of align-ment methodologies.

 

To learn more
  • 03/03/2023 Foreword of the week
    World Bank’s reform: almost a new pilot onboard

    After the sudden resignation of David Malpass, the World Bank’s Trump-appointed President, mid-February, Washington surprised the world again last Thursday, with the nomination of Ajay Banga, long-time Mastercard CEO, as his potential successor. Not only was the timing very rapid, but the controversial profile of the nominee also generated some sense of puzzlement. His limited […]

  • 03/01/2023
    Supporting financial institutions in developing countries in their alignment journey with climate goals

    This report co-written with NewClimate provides practical guidance for international financial institutions to support financial institutions’ alignment with the Paris Agreement goals, and to more broadly contribute to transforming local financial systems. This guidance is developed around three pillars: a harmonised alignment assessment; the alignment of financial intermediaries; and the alignment of financial systems at the national level.

  • 01/20/2023 Foreword of the week
    2023’s resolutions for a reform of development finance

    2022 ended up on a consensus that the global financial architecture is no longer “fit for purpose”. In other words, the financial ecosystem created post-war to support international development – at the centre of which are the IMF and the World Bank who were joined later by other international public financial institutions – wasn’t designed to address the multiplicity of challenges the world is facing today, foremost among which climate change. Time is running, and the good news is that 2023 is set up to be a busy year with key events setting the milestones for a reform of the international financial architecture, including a Paris Summit in June. The year will close at COP 28, where we will officially take stock of current achievements.

See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !
Fermer