New Frontiers in Climate Finance

Centre for Climate Finance and Investment

Listen to New Frontiers in Climate Finance, a new podcast by the Centre for Climate Finance & Investment, where you’ll learn how finance and investment can play a pivotal role in combating climate change. Hosted by Angel Miao, each episode will take you through cutting-edge, interdisciplinary research, engaging in informative conversations with our academic researchers, industry experts and partners. They’ll discuss the investment opportunities in clean tech and renewable energy, quantifying climate risk, funding resilient infrastructure, and more.

  1. E17: Beyond COP - How FFD4 Shapes Climate and SDG Finance

    08/22/2025

    E17: Beyond COP - How FFD4 Shapes Climate and SDG Finance

    This episode of New Frontiers in Climate Finance features Mike Wilkins and host Harry MacKenzie discussing the outcomes of the Fourth UN Conference on Financing for Development (FFD4) in Seville, and its critical role in shaping climate and sustainability finance. The conversation unpacks why FFD4, despite being far less publicised than the annual COP climate conferences, may be equally, if not more important for directing capital to climate action, particularly in the Global South.  Mike explains the governance and lending mechanics of multilateral development banks (MDBs) like the World Bank, and why reforming their risk tolerance, capital adequacy rules, and governance structures could triple annual climate-related lending. The discussion explores under-reported but powerful financial levers, such as debt-for-development swaps, special drawing rights, and innovative instruments like intellectual property–backed securities, that could unlock billions for climate resilience, adaptation, and mitigation.  The episode also addresses the imbalance of power between developed and developing nations in global finance, the political and economic realities constraining reform, and the pivotal role that FFD4 outcomes could play in influencing negotiations at COP 30 in Brazil later this year. Mike makes the case that scaling concessional climate finance is both a moral imperative and an economic necessity for a stable global financial system.  To learn more about Mike’s work, please see the link below:  Guest: Mike Wilkins  Professor Raúl Rosales Contribution 00:00 Introduction to FFD4 and its Significance  01:02 Why FFD4 Matters as Much as COP  03:14 Governance and Power Imbalances in MDBs  06:48 How to Triple Climate Lending Capacity  10:12 Debt-for-Development Swaps and Special Drawing Rights  15:03 Role of Credit Rating Agencies  18:24 Innovative Finance: IP-Backed Securities and R&D Bonds  22:19 Linking FFD4 to COP 30 Outcomes  27:44 Closing Thoughts and Next Steps

    35 min
  2. 06/26/2025

    E16: Financing Deep Decarbonisation: Scaling Market-Based Mechanisms for Industrial Transition in the UK & ASEAN

    Heavy industry is responsible for some of the most stubborn greenhouse-gas emissions on the planet. Cement alone drives an estimated 7-8 % of global CO₂ output, while bulk chemicals such as ethylene sit at the heart of the world’s largest industrial energy user – the chemicals sector. As governments tighten climate policy and investors demand credible net-zero plans, decarbonising these “hard-to-abate” sectors has become an urgent financial and technological challenge.   In this episode of New Frontiers in Climate Finance, host Harry MacKenzie speaks with two experts who bridge engineering and finance: Dr Gbemi Oluleye, chemical-engineering researcher developing whole-system tools for deep decarbonisation, and Dr Raúl Rosales, Senior Fellow at Imperial’s Centre for Climate Finance & Investment and Co-Director of King’s Net Zero Centre. Together they unpack how market-based mechanisms (carbon markets, offtake contracts, blended-finance structures) can unlock the capital required to scale breakthrough technologies for low-carbon cement and ethylene.   Listeners will learn why traditional project-finance models often stall in heavy industry, which policy signals really move private capital, and how integrated engineering-policy-finance thinking can close the cost gap versus fossil incumbents.    Please find below some of the brilliant talks and research by our two guests.    Raúl: Raul Rosales Profile | Imperial College London Enhancing-Market-Infrastructure-and-Integrity-to-Scale-Up-Carbon-Markets-in-ASEAN-Policy-Brief.pdf The Carbon Credit Price and National Tree Planting Impact of Woodland Carbon Code Admittance to the UK-ETS | Imperial Business School Global Voluntary Carbon Markets (VCMs) and Market Infrastructure Financial Accounting for Carbon Finance: A New Standard for a New Paradigm Gbemi:  https://gbemioluleye.com/research/ https://www.sciencedirect.com/science/article/pii/S0360319925015721 https://www.youtube.com/watch?v=3pdLdvWUm0c&pp=ygUNZ2JlbWkgb2x1bGV5ZQ%3D%3D https://www.youtube.com/watch?v=W-wUwx9SO_k&pp=ygUNZ2JlbWkgb2x1bGV5ZQ%3D%3D https://www.youtube.com/watch?v=Ggx8xMTOvCI&pp=ygUNZ2JlbWkgb2x1bGV5ZQ%3D%3D https://www.youtube.com/watch?v=rMmSLZRLugE&pp=ygUNZ2JlbWkgb2x1bGV5ZQ%3D%3D https://www.youtube.com/watch?v=ekknyM7P9S8&pp=ygUNZ2JlbWkgb2x1bGV5ZQ%3D%3D   Sign up to Imperial's London Climate Action Week events below:  Imperial London Climate Action Week: https://www.imperial.ac.uk/events/96888/london-climate-action-week/

    30 min
  3. 02/28/2025

    E15: Decoding NCQGs: Why COP29 Missed the Mark on Climate Finance

    This podcast episode features Alissa Kleinnijenhuis and host Harry MacKenzie discussing the New Common Quantified Goals (NCQGs) from COP 29 and its implications for global climate finance. The conversation underscores the systemic omission of fossil fuels from climate action discourse and highlights the inadequacies of the current financial commitments to decarbonization. Alissa elaborates on the need for developed countries to provide substantial and properly defined climate finance in grant-equivalent terms to aid developing countries in transitioning to renewable energy. The episode also explores the geopolitical and economic dynamics that hinder sufficient climate action and the urgent necessity for a coordinated, large-scale financial response to meet global mitigation targets. Alissa concludes by pointing out the economic self-interest for developed nations to fund decarbonization in developing countries, emphasizing the critical nature of timely and targeted climate finance. To learn more about Alissa’s research, please follow the links below:  Joint Statement: link  Paper #1: link  Paper #2: link  00:00 Introduction to the Climate Crisis  00:28 Understanding NCQGs and Their Importance  00:58 Challenges in Climate Finance  02:26 COP 29 and Climate Finance Goals  04:01 Issues with Current Climate Finance  05:09 Economic Case for Climate Finance  06:25 Political and Economic Barriers  08:32 Proposed Solutions and Recommendations  28:29 Conclusion and Final Thoughts

    30 min

About

Listen to New Frontiers in Climate Finance, a new podcast by the Centre for Climate Finance & Investment, where you’ll learn how finance and investment can play a pivotal role in combating climate change. Hosted by Angel Miao, each episode will take you through cutting-edge, interdisciplinary research, engaging in informative conversations with our academic researchers, industry experts and partners. They’ll discuss the investment opportunities in clean tech and renewable energy, quantifying climate risk, funding resilient infrastructure, and more.