By linking financial rewards to climate objectives, Results-based Finance (RBF) enables innovative financing arrangements that can accelerate funding from the private sector. RBF interventions are well suited to target sectors most affected by COVID-19 while reducing risk and pressure for public spending. This report assesses the potential for Results-based Finance (RBF) to expand postCOVID-19 recovery funds while improving sustainability efforts.
The COVID-19 pandemic has worsened the debt vulnerabilities of many low- and medium-income sovereigns. Debt levels were already high for many even prior to the COVID-19 outbreak, but are now exacerbated because government revenues have declined as a result of limited economic activity – while the timing and the quantum of debt servicing payments remain the same. This report suggests the eligibility and condition criteria, principles for using proceeds from swaps, and offer concrete opportunities for using the redirected flows in select countries to address mitigation through examples such as accelerated coal power retirement, increased energy efficiency adoption, and adaptation and nature-based solutions to enhance resilience.
This executive summary Towards a Resilient and Sustainable Post-Pandemic Recovery summarises key recommendations for Europe's post-COVID sustainable industrial policy.
This paper examines green recovery measures through the lens of a just transition. It uses three key dimensions of a just transition—distributional impacts, social inclusion, and transformative intent—to assess green recovery interventions around the world.
This report aims to help financial decision-makers to align finance with sustainable development, accelerating the transition to a net-zero, climate resilient economy, based on the latest scientific findings and policy developments.