Definitions
Financial market service describes a marketplace where financial assets (e.g., equities, bonds, currencies, loans, and derivatives) are traded. Climate finance refers to the trade of financial assets, within a market, for the purpose of financing projects that combat adverse effects associated with climate change. Most discussions on climate finance also include a discussion on climate finance flows, i.e., who is contributing financial resources and how much, and what types of assets are being traded and for what specific purpose. Simply put, climate finance flows refer to the breakdown and movement of climate finance from funding sources to climate projects.
Currently there is no single definition of climate finance (Buchner et al. 2011; Haites 2011; Stadelmann et al. 2011). According to the authors of the first ever climate finance chapter in the Intergovernmental Panel on Climate Change’s (Gupta et al. 2014) assessment report, some scholars and institutions make...
This is a preview of subscription content, log in via an institution.
References
Atteridge A (2011) Will private finance support climate change adaptation in developing countries? Historical investment patterns as a window on future private climate finance. Stockholm Environment Institute (SEI), Stockholm
Atteridge A, Siebert CK, Klein RJ et al (2009) Bilateral finance institutions and climate change: a mapping of climate portfolios. Stockholm Environment Institute (SEI), Stockholm
Baglee A, Haworth A, and Anastasi S (2012) DEFRA. Climate Change Risk Assessment for the Business, Industry and Services Sector. UK 2012 Climate Change Risk Assessment, Department of Environment, Food and Rural Affairs (DEFRA), Crown. London. https://www.gov.uk/government/policies/climate-change-adaptation Accessed on 5 Dec 2015
Berensmann K, Lindenberg N (2016) Green Finance: Actors, Challenges and Policy Recommendations. German Development Institute/Deutsches Institut für Entwicklungspolitik (DIE). https://ssrn.com/abstract=2881922 Accessed 5 Dec 2015
Buchner B, Falconer A, Herve-Mignucci M et al (2011) The landscape of climate finance, vol 27. Climate Policy Initiative, Venice
Buchner B, Abramskiehn D, Stadelmann M et al (2014) The global landscape of climate finance 2014
Buchner B, Oliver P, Wang X et al (2017) Global landscape of climate finance 2017. Climate Policy Initative, Venice
Christiansen L, Ray AD, Smith JB et al (2012) Accessing international funding for climate change adaptation: a guidebook for developing countries
Climate Development and Knowledge Network (2013) NEWS: board members sketch out an operational framework for the Green Climate Fund. https://cdkn.org/2013/03/news-board-members-sketch-out-an-operational-framework-for-the-green-climate-fund/?loclang=en_gb
Fankhauser S (2010) The costs of adaptation. Wiley Interdiscip Rev Clim Chang 1(1):23–30
Farber DA (2007) Adapting to climate change: who should pay. J Land Use Environ Law 23(1):1–37
GHK (2010) Opportunities for UK Business from Climate Change Adaptation. GHK Consulting. Independent report for the Adapting to Climate Change Programme Department of Environment, Food and Rural Affairs (DEFRA). http://www.greensuffolk.org/assets/GreenestCounty/Adaptation/General/Business/Business-opportunities-from-climateadaptation.pdf Accessed on 5 Dec 2015
GIZ (2012) The Advantages of Adaptation: Big Opportunities for Small Business. Climate Change Adaptation Innovation Opportunities for Indian Micro-Small and Medium Sized Business (MSMEs). Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Gmbh. New Delhi, 2012. https://www.giz.de/en/downloads/giz2012-climate-opportunity-study-en.pdf Accessed on 5 Dec 2015
Gupta S, Harnisch J, Barua DC et al (2014) Chapter 16-cross-cutting investment and finance issues. In: Climate change 2014: mitigation of climate change. Cambridge University Press, New York
Haites E (2011) Climate change finance. Clim Pol 11(3):963–969. https://doi.org/10.1080/14693062.2011.582292
Hess U, Sykora J (2005) Weather-based Insurance in Southern Africa. The Case of Malawi. Agriculture and Rural Development. Discussion Paper 13. The World Bank
IIGCC, INCR, IGCC, AIGC, GIC (2013) Global Investor Survey on Climate Change: 3rd Annual report on Actions and Progress commissioned by the networks of the global investor coalition on climate change. https://www.ceres.org/resources/reports/global-investor-survey-climate-change-2013 Accessed on 5 Dec 2015
Juergens I, Amecke H, Boyd R et al (2012) The landscape of climate finance in Germany. Climate Policy Initiative, Berlin Available from: http://climatepolicyinitiative.org/publication/german-landscape-of-climate-finance
Klinsky S, Dowlatabadi H, McDaniels T (2012) Comparing public rationales for justice trade-offs in mitigation and adaptation climate policy dilemmas. Glob Environ Chang 22(4):862–876
Lecocq F, Shalizi Z (2007) Balancing expenditures on mitigation of and adaptation to climate change: an exploration of issues relevant to developing countries. The World Bank, Washington, DC
Levere A, Schweke B, Woo B (2006) Development finance and regional economic development. corporation for enterprise development. Available at http://cfed.org/assets/documents/publications/Development_Finance_Paper_July_2006.pdf. And LeRoy, G. “The Job Creation Shell Game.”(2013, January). Good Jobs First. Available at http://www.goodjobsfirst.org/shellgame
Merk O, Saussier S, Staropoli C et al (2012) Financing green urban infrastructure. OECD Publishing, Paris
Nakhooda S, Caravani A, Wenzel A et al (2011) The evolving global climate finance architecture. Heinrich Boll Stiftung and ODI, London
Nakhooda S, Watson C, Schalatek L (2013) The global climate finance architecture. Overseas Development Institute, London
OECD (2003) Glossary of statistical terms. https://stats.oecd.org/glossary/detail.asp?ID=5901
Oxfam (2009) The New Adaptation Marketplace: Climate Change and Opportunities for Green Economic Growth. Oxfam America Inc. http://www.usclimatenetwork.org/resource-database/the-new-adaptationmarketplace.pdf Accessed on 5 Dec 2015
Pauw WP (2015) Not a panacea: private-sector engagement in adaptation and adaptation finance in developing countries. Clim Pol 15(5):583–603
Pillay K, Aakre S, Torvanger A (2017) Mobilizing adaptation finance in developing countries. CICERO report. Anonymous (b) Press release: global climate change investor groups publish report on investor practices relating to climate change. http://www.ceres.org/press/press-releases/global-climate-change-investor-groups-publish-report-on-investor-practices-relating-to-climate-change
Reichelt H (2010) Green bonds: A model to mobilize private capital to fund climate change mitigation and adaptation projects. Euromoney Handbooks. http://worldbank.or.jp/debtsecurities/web/Euromoney_2010_Handbook_Environmental_Finance.pdf. Accessed on 5 Dec 2015
Saunders A, Thomas H (1997) Financial institutions management. Irwin, Boston
Schalatek L, Nakhooda S, Barnard S et al (2012) Climate finance thematic briefing: adaptation finance. Climate finance fundamentals
Slack NE (2009) Guide to municipal finance. UN-HABITAT
Smallridge D, Buchner B, Trabacchi C, Netto M, Gomes Lorenzo J, Serra L (2013) The role of national development banks in catalyzing international climate finance. Inter-American Development Bank, Washington, D.C., Working Paper IDB-MG-148
Stadelmann M, Roberts JT, Michaelowa A (2011) New and additional to what? Assessing options for baselines to assess climate finance pledges. Clim Dev 3(3):175–192. https://doi.org/10.1080/17565529.2011.599550
Torvanger A, Narbel P, Pillay K et al (2016) Instruments to incentivize private climate finance for developing countries. CICERO report
Trabacchi C, Mazza F (2015) Emerging solutions to drive private investment in climate resilience. Climate Policy Initiative. https://climatepolicyinitiative.org/publication/emerging-solutions-to-drive-private-investment-in-climate-resilience/
UNFCCC (2016). United Nations climate change transitional committee for the design of the Green Climate Fund. http://unfccc.int/cooperation_and_support/financial_mechanism/green_climate_fund. Accessed 24 Aug 2018
UNFCCC B (2014) Glossary of climate change acronyms and terms. In: United Nations climate change. https://unfccc.int/process-and-meetings/the-convention/glossary-of-climate-change-acronyms-and-terms. Accessed 24 Aug 2018
UNFCCC S (2014) UNFCCC standing committee on finance 2014 biennial assessment and overview of climate finance flows report. In: United Nations climate change. Available via https://unfccc.int/topics/climate-finance/resources/standing-committee-on-finance-info-repository. Accessed 24 Aug.2018
Wilbanks TJ, Sathaye J (2007) Integrating mitigation and adaptation as responses to climate change: a synthesis. Mitig Adapt Strat Glob Chang 12(5):957–962
Author information
Authors and Affiliations
Corresponding authors
Editor information
Editors and Affiliations
Section Editor information
Rights and permissions
Copyright information
© 2019 Springer Nature Switzerland AG
About this entry
Cite this entry
Singh, A., Birchall, S.J. (2019). Financial Market Services: Finance Flows for Climate Change Adaptation. In: Leal Filho, W., Azeiteiro, U., Azul, A., Brandli, L., Özuyar, P., Wall, T. (eds) Climate Action. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71063-1_84-1
Download citation
DOI: https://doi.org/10.1007/978-3-319-71063-1_84-1
Received:
Accepted:
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-71063-1
Online ISBN: 978-3-319-71063-1
eBook Packages: Springer Reference Earth and Environm. ScienceReference Module Physical and Materials ScienceReference Module Earth and Environmental Sciences