Vivid Economics Update

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New insights on climate finance, investment in sustainable fisheries and results-based financing

Since our last update, our modelling and analytical teams have been focusing on decarbonisation pathways, scenarios for sustainable investment in fisheries, options for results-based financing and plenty more besides. We have also been expanding our presence with our US office, based in New York, officially opening in September.

One of our main reports followed a request from the Climate Investment Funds (CIFs) for a retrospective of its first five years of operation. The CIFs provide finance to support emerging and developing economies adopt a low-carbon and climate resilient development trajectory. Our high-level report reviewed the context in which the CIFs were established, the role they have played in the climate finance landscape, key achievements in their early years and lessons that have been learned. That report is available here.

Elsewhere, the Prince of Wales’ Charities International Sustainability Unit and the Environmental Defense Fund commissioned us to write a discussion paper on the role and institutional options for financing the rebuilding of fisheries. As part of this, we prepared detailed case studies including integrated bio-economic and financial modelling of investments and recovery paths for fisheries in Belize and South Sulawesi, Indonesia. These demonstrated the requirements for making an investible fisheries improvement project. Read more about our findings here.

Below you'll find some of the other projects we have delivered in the past few months. For more information on these, or for details on our many other projects not mentioned here, please feel free to email us.

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Oxford's low-carbon economy: We were commissioned by Low Carbon Oxford and the Environmental Change Institute to make an economic case for low-carbon investment in Oxfordshire in the UK. The work provided an understanding of the relationship between economic growth and low carbon investment and highlighted specific low-carbon opportunities in the area. We constructed two carbon reduction scenarios and analysed their impact on the economy. Finally, we detailed policy and strategy options which might accelerate low-carbon growth. You can find our presentation in full here.

Results-based funding (RBF) for bio-gas: Development NGO SNV asked us to assess options for the design of a results-based scheme to increase access to biogas in Ethiopia. Drawing on information gathered from interviews with key stakeholders, we identified a range of funding models. Their advantages and disadvantages were analysed using a theoretical framework which we had previously devised for the World Bank. Our recommendations can be found here. This work builds upon a project we recently completed for the World Bank's Africa Clean Cooking Energy Solutions initiative on the opportunities for RBF for clean cookstoves in Uganda. That report is available here.

Some of our other recent activities

In addition to the projects above, we've also been organising workshops and delivering reports in a range of other areas:

We presented our review of current regulatory, financial and fiscal incentives for renewable energy in Jordan at a Public-Private Dialogue in Amman on behalf of the OECD and the Jordanian Ministry of Environment. The findings will contribute to an OECD Conference on Investment Security in the Mediterranean in December;

We developed marginal abatement cost curves and assessed a range of policy options on for decarbonising the economy of Gibraltar;

In conjunction with Green Budget Europe, we organised a workshop and led a discussion on the operation of Border Carbon Adjustments in Europe. Find out more on GBE's website here;

At the 10th Assembly of the Partnership for Market Readiness in Santiago, Chile, we presented our findings on South Africa's draft Market Readiness Proposal to support the development of a carbon tax in the country.