Shaping the future of global cooperation
There is an urgent need to advance long-overdue reform of global cooperation structures in which ODI contributes through its research, global networks and convening power.
ODI on Multilateral institutions
A historic first-day decision at COP28 adopted a plan for the further operationalisation of the new Loss and Damage Fund.
To achieve the Sustainable Development Goals and the Paris Agreement in emerging and developing countries, an estimated $2.4 trillion will be needed annually for climate-related investments by 2030, four times more than current levels.
As COP28 debates whether fossil fuels should be phased ‘out’ or ‘down’, a number of countries in the global South have already started out on ambitious energy transitions. Some of the most prominent are doing so under the label of Just Energy Transition Partnerships.
At the COP28 climate summit in Dubai, vulnerable countries will continue to ask wealthy countries for new government budget funding (e.g. grants) to fight climate change. The political reality, though, is that governments, like the US, will not come up with vast amounts of new money anytime soon – particularly during election years.
Finding common ground for financing multilateral institutions: assessing options for mobilising core finance
To deliver solutions to an ever-expanding list of global challenges, the multilateral system must balance organisational imperatives for more flexible and stable finance against funder desires for visibility, influence and accountability.