Germanwatch-Blog

Multilateral Development Banks (MDBs) can play a critical role in limiting climate change and helping communities adapt to its impacts. Since 2011, they have provided nearly $200 billion in finance for climate change mitigation and adaptation (so-called “climate finance”). The World Bank Group’s recent announcement that it will increase its climate-related investments means this number is likely to grow. But while climate finance is important, it makes up less than a quarter of all finance provided by the MDBs. The rest goes to activities that may (or may not) undermine climate goals.

In November 2015, Saúl Luciano Lliuya, a Peruvian farmer living in Huaraz in Peru, filed a lawsuit in Germany against RWE, Germany’s largest electricity producer. Mr Lliuya claims that his house in the village of Huaraz is at imminent risk of being damaged or destroyed due to an outburst flood from a glacial lake, caused by the melting of glaciers linked to climate change.

In the beginning of July, Germanwatch published its Kosovo research study “Phasing in Renewables“ and discussed it in Pristina with development organisations, ministries, business, NGOs and academia. Kosovo faces quite typical challenges of the Western Balkans, being heavily reliant on lignite use for power generation and struggling with serious social and economic problems.

At the UN Climate Change Conference in Marrakech in 2001 (COP7), the international community agreed to establish a climate adaptation fund, which was then launched in 2007. The Adaptation Fund celebrated its tenth anniversary at the 2017 Climate Change Conference (COP23), which was held in Bonn under the Fijian presidency – a good time to reflect on past successes and future developments.