As climate-related risks rise and public finance alone proves insufficient to address the scale of the challenge, policymakers are increasingly turning to innovative financial instruments to stabilize economies and fund climate adaptation. UNU-CPR’s Dr. Michael Franczak joined Dr. Koko Warner (International Organization for Migration) and Professor Itay Goldstein (The Wharton School) to explore the findings of their recent white paper, Innovative Finance to Ensure Stability in the Face of Adverse Climate Change Impacts, produced in collaboration with Perry World House.
Drawing on contemporary case studies—including debt pause clauses, credit ratings reform, SDR-backed adaptation lending, and FX hedging platforms—the session unpacked the complexities of mobilizing climate finance in a shifting global landscape. The discussion also highlighted UNU-CPR’s ongoing contributions to multilateral policy debates on international financial reform, especially as countries prepare for COP30 and the Fourth International Conference on Financing for Development.
