CLIMA: Results-Based Subsidy Auctions for Global Climate Finance

🌍 Using Global Climate Finance to Drive Real Impact in Renewables 🌿 In a recent podcast with Bill Maher (https://lnkd.in/eR6_mUcX), actress and activist Jane Fonda (Check out her work with Annie Leonard at Jane Fonda Climate PAC (JanePAC)) underscored the critical need for financing renewable energy projects in the Global South to combat climate change: "What we [should] do is the simplest, least expensive thing: we bring affordable, locally managed solar power [to the Global South]! We haven’t followed through on our promises!" 🌍 Currently, low- and middle-income countries (LMICs) produce 72% of global emissions. The $300 billion per year pledged by high-income countries (HICs) for climate action won’t be enough without leveraging private capital. 💡 One promising approach: results-based financing through competitive bidding. This strategy has the potential to make climate finance more cost-effective, accelerate renewables deployment globally, and ensure a greater return on every dollar invested. ❓ What do you think of this approach? Share your insights, and read all about CLIMA: Results-Based Subsidy Auctions for Global Climate Finance here: https://lnkd.in/g2jbs-US #ClimateAction #GlobalSouth #RenewableEnergy #ClimateFinance #GlobalClimateFinance #Impact #ClimateImpactAuctions

🤔 The incentive structure of Global Climate Finance politics is rather complicated, and our approach to make use of Results-Based-Financing within its framework can be pitched in a lot of different ways. 📄 Read all about our CLIMA proposal in our core publication at Institute for Research on Public Policy (IRPP) here: https://lnkd.in/g2jbs-US 📝 And find our latest one pager below! ⁉️ And if you have any recommendations, comments or questions about CLIMA: Results-Based Subsidy Auctions for Global Climate Finance, please dont hesitate to reach out!!

🤯 COPs ARE CRAZY ⏱️ One minute, you are preparing a press release for the latest CLIMA: Results-Based Subsidy Auctions for Global Climate Finance publication with Institute for Research on Public Policy (IRPP) (read all about it here: https://lnkd.in/eEhVfvYM), and a moment after, you find yourself rushing through the long corridors of COP29 Azerbaijan next to the 🇩🇪 Federal Ministry for Economic Affairs and Climate Actions Minister and Vice-Chancellor Robert Habeck (who is just as considerate and personable as he appears to be on Markus Lanz - even if you relentlessly bother him at COP 😉). 🧮 As #ClimatePolicy and its #IncentiveMechanisms are rather complicated, it is challenging to put the essentials into a "not-so-much-elevator-but-rather-COP-tunnel pitch", especially when you can only guess how much time is left on your clock. ✅ I used my limited time to pitch that Results-Based Auctions for Subsidies have been successfully used in both renewables and green-hydrogen promotion in 🇺🇸 (Inflation Reduction Act) ,🇬🇧 (Contracts for Differences), 🇩🇪 ("Energiewende"), 🇪🇺 (European Hydrogen Bank, H2 Global) and 🇮🇳 (Viability Gap Funding). ❌ But for some reason, despite being a well-established and highly effective approach that prioritises actual impact in policy-making, this method is not utilised within the UNFCCC UN COP / #GlobalClimateFinance framework. ❗️At CLIMA: Results-Based Subsidy Auctions for Global Climate Finance, we firmly believe this neglect of a more impact-based approach to Global Climate Finance not to be based on evidence but rather because of administrative path-dependencies and a general "loans and grants" logic within the development cooperation framework. 🌍 Please follow CLIMA: Results-Based Subsidy Auctions for Global Climate Finance for the latest update on our approach to making Climate Policy great again (I have no idea why this random claim seems to mobilise people, but I will go for it! 😁)! --- 🙏🏻 Thank you so much for finally making the CLIMA: Results-Based Subsidy Auctions for Global Climate Finance project a reality: 🇰🇪 Dr. Joanes Atela of Africa Research and Impact Network. (ARIN) 🇩🇪 Prof. Clara Brandi of German Institute of Development and Sustainability (IDOS) 🇮🇳 Sachin Chaturvedi of Research and Information System for Developing Countries (RIS) 🇨🇦 Prof. Aidan Hollis of University of Calgary 🇳🇴 Dr. Georg Kobiela of Bellona 🇩🇪 Prof. Magdalene Silberberger of Universität Witten/Herdecke

Our Team Member Max Alexander Matthey spreading the CLIMA: Results-Based Subsidy Auctions for Global Climate Finance idea at COP29 Azerbaijan!

💪🏽 Our proposal on Climate Impact Auctions is gaining traction. 🇰🇪 One of Kenya's leading outlets Nation by Nation Media Group has featured a piece by our team member, Dr. Joanes Atela. 📰 The article dives into how Climate Impact Auctions can unlock sustainable finance for impactful, scalable solutions. By linking investments to tangible outcomes, this approach offers a promising pathway for climate action that delivers real results. 🙏🏻 We’re thrilled to see the momentum building and look forward to the next steps! 🔗 Read the full article here: https://lnkd.in/eHP3bznG

As #COP29 unfolds in Baku, Kenya has a unique opportunity to champion innovative climate #finance mechanisms like Climate Impact Auctions (#CIAs). In his latest op-ed, Dr. Joanes Atela highlights how CIAs can bridge the funding #gap, empower local communities, and advance Kenya’s sustainable development under the #BigFourAgenda. By channeling resources into impactful, #community-driven solutions such as reforestation, climate-smart agriculture, and renewable energy, CIAs can #transform climate #challenges into #opportunities for growth and #resilience. Read the full article on Nation Africa: https://bit.ly/3OkFBEm #COP29 #ClimateFinance #SustainableDevelopment #Africa #GreenGrowth

🌍 Our core publication about CLIMA: Results-Based Subsidy Auctions for Global Climate Finance has just been published in cooperation with Institute for Research on Public Policy (IRPP). ➡️ https://lnkd.in/g2jbs-US 👩🏽⚖️ With Climate Impact Auctions, we introduce a results-based mechanism leveraging competitive bidding to maximise the impact of climate finance. By tying subsidies to measurable outcomes, this approach: ✅ Reduces barriers to access by significantly reducing administrative burdens ✅ Targets the highest-impact projects ✅ Improves cost efficiency 🔓 The concept aims to unlock significant additional finance and empower LMICs to scale up mitigation and adaptation efforts effectively. 💡 Let’s discuss—how can innovative tools like this shape the path to achieving our climate goals? #ClimateFinance #Sustainability #Innovation #ClimateAction

🚨🚨 ANOTHER BREAKING NEWS: CLIMA GOES #GLOBEANDMAIL 📰 We’re proud to see our research featured in The Globe and Mail, with University of Calgarys Prof. Aidan Hollis spotlighting the innovative CLIMA approach. At CLIMA, we’re championing a shift in climate finance: 🌍 Incentivizing measurable results, like renewable energy generation and emissions reductions. 💡 Streamlining processes to make funding accessible and effective. 🌱 Empowering developing nations to lead the way in global climate solutions. ✅ This approach ensures a more effective and equitable path to global climate action. 🌍💡 Let’s drive this conversation forward — because the future depends on it! #CLIMAProject #ClimateFinance #SustainabilityInnovation #ClimateAction

🇦🇿 Our team member Max Alexander Matthey is representing CLIMA: Results-Based Subsidy Auctions for Global Climate Finance at the COP29 Azerbaijan in Baku at this very moment. 💸 A primary focus of the negotiations has been on establishing a new climate finance goal to succeed the previous $100 billion annual commitment. Developing nations, led by China, have called for contributions exceeding $1.3 trillion annually from developed countries to support climate adaptation and mitigation efforts. 💡 With CLIMA, we try to supplement the discussion on HOW MUCH money is spent on Global Climate Finance with the more-important-thenever question of HOW the money should be spent. 👩🏽⚖️ With our results-based subsidy auction approach, we could ✅ ensure cost-effective, high-impact projects ✅ boost access for smaller projects ✅ enhance transparency ✅ reduce risk ✅ incentivize innovation. 📄 Read more about the CLIMA approach in our just released piece in Institute for Research on Public Policy (IRPP): https://lnkd.in/g2jbs-US 🧠 A smarter approach to fund climate solutions in developing regions! #ClimateFinance #COP29 #SustainableDevelopment #Cop29 #ResultsBasedPayments #ClimateAuctions

🚨🚨 BREAKING CLIMA NEWS 🚨🚨 📄 Our CLIMA: Results-Based Subsidy Auctions for Global Climate Finance paper is now officially peer-reviewed and published on the Institute for Research on Public Policy (IRPP) webpage. 💡 The piece gives an extensive overview of the rationale and need for Climate Finance and its current allocation. It then describes our CLIMA approach to climate finance, which is aimed at: ✅ maximizing impact while optimizing cost-efficiency ✅ reducing administration ✅ increasing accessibility 🙏🏻 Thank you so much to Dr. Joanes Atela, Clara Brandi, Sachin Chaturvedi, Aidan Hollis, Georg Kobiela, Max Alexander Matthey, and Magdalene Silberberger for making this project a reality! 🌍 Find the link here: https://lnkd.in/g2jbs-US