News & Commentary

Fossilized Finances: Oil and Gas Subsidies in the Permian Basin

January 24, 2024 Expert BlogUnited StatesSusan Casey-Lefkowitz

A new NRDC report shows how, despite the need to curb fossil fuel production, outdated tax giveaways incentivize further extraction in the country's largest oil and gas region.

COP28 Climate Funds Pledge Tracker

January 24, 2024 Expert BlogInternationalJoe Thwaites

At COP28, countries will pledge to UN climate funds that help developing countries reduce greenhouse emissions and address the impacts of climate change. Keep track here.

Overcoming Decarbonization Barriers in Los Angeles’s Affordable Housing

January 11, 2024 Expert BlogUnited States, Los AngelesMichele Knab Hasson, Olivia Walker, Dr. Veena Singla

Affordable housing is among the most vulnerable and underfunded of building sectors but thoughtful design and flexible financing could help provide cleaner, healthier buildings for all.

Driving Ambition, Action, and Equity at COP28 (Part 2)

January 9, 2024 Expert BlogInternationalJake Schmidt, Brendan Guy, Joe Thwaites, Shruti Shukla, Jennifer Skene, Prima Madan, Pete Budden, Yvette Cabrera

At COP28, countries, companies, investors, and other decision-makers sent a clear signal to spur greater action now and increase ambition this decisive decade.

Driving Ambition, Action, and Equity at COP28: Part 1

December 14, 2023 Expert BlogWashington, D.C.Jake Schmidt, Brendan Guy, Joe Thwaites, Jennifer Skene

World leaders in Dubai sent a clear signal: the end of the fossil fuel era has begun, and the world is rapidly transitioning to a clean energy economy. This helps put the world on a firmer pathway in this decisive…

Green Climate Fund Pledge Tracker

December 8, 2023 Expert BlogInternationalJoe Thwaites

The Green Climate Fund (GCF) is undergoing its second replenishment round in 2023. Keep track of all the pledges here.

Delivering Ambition, Action, and Equity at COP28: What Needs to Be Delivered

November 28, 2023 Expert BlogInternationalJake Schmidt, Brendan Guy, Joe Thwaites, Shruti Shukla, Jennifer Skene, Prima Madan, Pete Budden

As decision-makers gather in Dubai for COP28, they need to take urgent action to hold global warming to 1.5°C and help the most vulnerable cope with the climate crisis.

Overseas LNG Investment Undercuts U.S. Climate Credibility

November 6, 2023 Expert BlogUnited States, InternationalAde Samuel, Jake Schmidt

A recent flurry of U.S. overseas LNG investments puts the Biden administration’s financing policies starkly at odds with the Paris Agreement’s warming goal.

Climate Risks are Financial Risks: Helping Big Banks Prepare

October 27, 2023 Expert BlogSanta Monica, New York CityAlfonso Pating, Elizabeth Derbes

Banking Supervisors are Recognizing the Impact Climate has on the Financial System

Basel Committee to Incorporate Climate Risk into Banking Supervision

September 28, 2023 Expert BlogSanta MonicaAlfonso Pating

It should instruct supervisors to treat climate risk as an element of traditional financial risk.

Strategies for Equitable Implementation of EPA's GGRF

August 31, 2023 Expert BlogUnited StatesAdam Kent

NRDC and University of New Hampshire's Center for Impact Finance release a series of sector-specific strategy guides and webinars exploring how EPA's Greenhouse Gas Reduction Fund (GGRF) can deliver a more equitable clean energy transition.

IRA's Greenhouse Gas Reduction Fund: A Game-Changing Finance Program

August 16, 2023 Expert BlogUnited StatesAdam Kent, Jessica Russo

EPA's Greenhouse Gas Reduction Fund is set to catalyze billions in clean energy projects across the US, particularly in low-income and disadvantaged communities

Biden Administration Set to Invest $20 Billion in Clean Energy Finance

July 14, 2023 Expert BlogUnited StatesAdam Kent, Douglass Sims, Sarah Dougherty

EPA invites applications through October under two of three Greenhouse Gas Reduction Fund (GGRF) investments

EPA Announces the Greenhouse Gas Reduction Fund Solar for All Program

June 30, 2023 Expert BlogUnited StatesAdam Kent, Isabelle Elizondo

$7 billion for solar to deliver meaningful benefits to low-income and disadvantaged communities across the country

Equitable Implementation of EPA's GGRF

June 29, 2023 Expert BlogUnited StatesAdam Kent

To facilitate equitable implementation of EPA’s Greenhouse Gas Reduction Fund, NRDC is co-producing a series of sector-specific strategy guides and webinars

Credit Unions Need to Manage Climate Risks

June 21, 2023 Expert BlogUnited StatesAlfonso Pating

And seize business opportunities to protect their financial stability and the communities they serve.

US Needs to Reform International Finance System for Climate Action

June 15, 2023 Expert BlogInternationalJake Schmidt, Joe Thwaites

Nearly two dozen groups are urging the Biden-Harris Administration to help revamp the international financial institutions for strengthened climate action.

EPA Announces Detailed Framework for the Greenhouse Gas Reduction Fund

May 19, 2023 Expert BlogUnited StatesAdam Kent, Douglass Sims

NRDC's take on the latest from EPA's $27 Billion Greenhouse Gas Reduction Fund (GGRF)

World Bank’s Sector Notes Lack Sufficient Detail to Ensure Full Paris Agreement Alignment

May 10, 2023 Expert BlogInternationalJake Schmidt

The World Bank Group "Paris Alignment" methodology is a mixed picture that encourages the consideration of the needed sectoral transitions but will require more details to fully align with the Paris Agreement.

U.S. Delivers for the Green Climate Fund and the World’s Most Vulnerable

April 20, 2023 Expert BlogInternational, United StatesJoe Thwaites, Brendan Guy

After a six-year hiatus, President Biden announced the United States is resuming its contributions to the Green Climate Fund with a new allocation of $1 billion.