Report of July 13, 2021
How can international public climate finance effectively support climate policy of partner countries? The four-year project of the Climate Policy Department sheds light on effective steps to achieve the Paris climate goals in cooperation with four other research institutes in Brazil, India, Indonesia, and South Africa.
DIW Berlin examines in a new study how international public climate finance (ICF) can promote global cooperation in the climate community, using the example of decarbonisation of industry. DIW Berlin concludes that linking climate finance to political levels and the use of innovative financing instruments are central. Regarding the steel sector, the study underlines the need for common sustainability standards and opens the door for innovative instruments such as Carbon Contracts for Difference (CCfD).
The details can be read in the study.
Click here for the partner studies and further project results.