Strengthen National Climate Policy Implementation
Coordinated by the German Institute for Economic Research (DIW Berlin), the project Strengthen National Climate Policy Implementation: Comparative Empirical Learning & Creating Linkage to Climate Finance aims to support the implementation of the Nationally Determined Contributions (NDCs) in Brazil, India, Indonesia and South Africa.
The project has a duration of four years (2019-2023). The project consortium is comprised by several research institutes: FGVces (Brazil); The Energy and Resources Institute (India); The Climate Change Center - Institute of Technology Bandung (Indonesia); University of Cape Town - Energy Research Center (South Africa); NewClimate Institute (Germany); Vivid Economics (United Kingdom); Institute for Climate Protection, Energy and Mobility (Germany); and Climate Strategies (United Kingdom).
Each partner country/region will produce four national studies. In the first year of the project (2019-2020), the study in Brazil focused on sustainable infrastructure, identifying barriers to the increase of private investments (particularly from direct investors) for the railway sector in Brazil. In the second year (2020-2021), the FGVces team is examining the barriers and opportunities for capital market investors to invest in low-carbon infrastructure in Brazil.
In addition to national studies, the consortium will also develop one international study per year. In 2019-2020, the report “Transformational change towards low-carbon development in emerging economies: insights from international climate finance cases” was produced, analyzing how international climate finance can support the implementation of climate policies in emerging countries. Coordinated by FGVces, the second year study will analyse how international climate finance can contribute to the development of climate policies in emerging markets.
Watch the presentation of the study Barriers to attracting direct and capital investments for railway infrastructure
FGVces presents study on barriers to attracting investments in Brazilian railway infrastructure (07/27/2020)
On July 27th 2020, the Sustainable Finance team held the first national workshop of the project Strengthen National Climate Policy Implementation (SNAPFI) to present the study that analyzed barriers to attract direct and capital market investments to Brazilian railway infrastructure.
The workshop also promoted discussions and gathered recommendations for the second year of the project. Representatives from the Ministry of Infrastructure, industry associations, concessionaires, academia and members of the project's Advisory Board, Thatyanne Gasparotto (Climate Bonds Initiative) and Maria Eugenia Sosa Taborda (UNEP-FI), participated in the workshop. The project was presented by Annelise Vendramini, coordinator of the Sustainable Finance Program, and the study was presented by researchers Camila Yamahaki and Gustavo Velloso Breviglieri.
Among the recommendations, it was suggested that the results of the research were presented to a wider audience, including representatives from the federal government. It was also suggested that the research team identifies the main barriers that hinder institutional investments in infrastructure and to examine how institutional investors could be encouraged to invest in infrastructure debentures. In addition, it was suggested that the team analyse the experiences and learnings from foreign investors and focus on quick wins, mapping initiatives that could remove some of the barriers identified in the short term.
Meeting in Berlin started a project that will discuss climate finance - Kick-off meeting of the project Strengthen National Climate Policy Implementation, held in Berlin (18-20/09/2019)
Between 18-20 September 2019, the consortium of the project “Strengthen National Climate Policy Implementation” met for the first time in Berlin to discuss the scope of the national studies and the international study of the first year of the project.
The kick-off meeting was attended by representatives from all the research institutes of the consortium: Center for Sustainability Studies of Fundação Getulio Vargas (FGVces), The Energy and Resources Institute (India); The Climate Change Center - Institute of Technology Bandung (Indonesia); University of Cape Town - Energy Research Center (South Africa); NewClimate Institute (Germany); Vivid Economics (United Kingdom); Institute for Climate Protection, Energy and Mobility (Germany); DIW (Germany); and Climate Strategies (United Kingdom).
Publications and Reports
Drivers of and barriers to capital market investments in low-carbon infrastructure in Brazil
Este estudo busca identificar as barreiras e os incentivos dos investimentos do mercado de capitais de infraestrutura no Brasil, com foco em infraestrutura de baixo carbono.
International Climate Finance and support to national climate policy processes in emerging markets
Barriers to attracting direct and capital investments for railway infrastructure
The study aims to contribute to public policy discussions, identifying barriers that must be tackled to increase private investments in the railway sector. Two challenges were examined:
Barriers that hinder the attraction of local and foreign companies (direct investors) to operate rail freight transport infrastructure in the country;
Transformational change towards low-carbon development in emerging economies: insights from international climate finance cases
This report analyses how international climate finance can support the attainment of the Paris Agreement objectives. Twelve case studies were developed in which international financing supported the implementation of climate policies, covering one North American case, four South Americans, two South Africans, two South Asians and three Southeast Asian projects.
This report analyses the Amazon Fund, investigating how international climate finance contributes to the discussion, design and implementation of domestic policies. The Amazon Fund was chosen for its magnitude, great dependence on international resources, objectives associated with a critical issue for the country's environmental agenda (deforestation control) and uncertainties about its future (since international donors suspended new donations).
Amazon Sustainable Landscapes Program
The Amazon Sustainable Landscapes Program (ASL) seeks to increase conservation and protection of biodiversity in one of the world’s most threatened biomes, in which balancing economic development and conservation remains an ongoing challenge. The ASL Program was selected as one of the case studies for the international study because it directly supports the Nationally Determined Contribution of Brazil (NDC), in particular the goals of strengthening the implementation of the Forest Code and ending illegal deforestation, the country's main source of carbon emissions.
Coordinated by the German Institute for Economic Research (DIW Berlin) and funded by the International Climate Protection Initiative (IKI) of the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) of Germany
Project consortium: The Energy and Resources Institute (India); Climate Change Center - Bandung Institute of Technology (Indonesia); Cape Town University - Energy Research Center (South Africa); NewClimate Institute (Germany); Vivid Economics (United Kingdom); Institute for Climate Protection, Energy and Mobility (Germany); and Climate Strategies (United Kingdom).
Political partner in Brazil: Ministry of Infrastructure