The year 2019 will be key for future climate policy in Germany and Europe. Finance plays a key role in improving climate protection and sustainable growth.
To this end, Germany should learn from pioneering countries for “Green Finance”. In the seven articles in our series, international authors will therefore explain their country's approach towards a green financial system, addressing opportunities, hurdles and unanswered questions.
This briefing note provides an outlook to the upcoming ninth meeting of the Executive Committee (ExCom) of the Warsaw International Mechanism on Loss and Damage (WIM) in Bonn 09.04.-11.04.2019. One main topic under discussion will be the mandate and the Terms of Reference of the Task force on displacement, defining the work in its next phase.
Three years after the Asian Infrastructure Investment Bank (AIIB) commenced operations, this report analyses the Bank's guidelines and past experience in selected countries (China, India, Bangladesh, Russia). We find that the AIIB’s policies and strategies show a strong narrative of transformational change and sustainability. It is also the fastest-growing MDB in terms of both membership and capital investments. However, looking at investment criteria, the AIIB is not yet setting new standards in terms of Paris-alignment. The bank does also not yet reach international standards with regard to accountability, information disclosure and complaint handling.
The following background paper explains how the blockchain technology works and shows the fields in which it might be applied as well as the opportunities blockchain might provide. Furthermore, it highlights the threats posed by blockchain and the areas in which the technology requires further development. Anyone aiming at making a significant political, economic or technological contribution to this future topic should start addressing blockchain now.
The Green Climate Fund (GCF) recognizes the importance of stakeholder input and participation in the design, development and implementation of its financed strategies and activities to reduce CO₂ emissions and support developing countries that are vulnerable to the effects of climate change. Despite some existing challenges, these stakeholders, including private sector actors, civil society organizations (CSOs), vulnerable groups, women and indigenous peoples, can engage in the GCF at various levels. The factsheet is published under the project “CSOs readiness to the GCF – focus Africa” jointly implemented by Germanwatch and CARE International with support from a consortium of African networks and civil society organizations. The project aims to support broader African civil society engagement in the critical early implementation phase of the GCF.
In its final report, the German coal commission recommends the last coal power plant of Germany to shut down in the corridor 2035 to 2038. This is an important step towards reaching Germany's 2030 climate target. Nevertheless, it is not enough to bring the energy sector on a path to comply with the 1.5°C-limit of the Paris Agreement.
In this short position paper, Germanwatch asesses the most important outcomes of the coal commission's final report of 26 January 2019.
Within the next Multiannual Financial Frame (MFF), the European Regional Development Fund / Cohesion Fund Regulation (ERDF/CF) and the Common Provisions Regulation (CPR) are key instruments that shape and determine the direction of the European Cohesion Policy after 2020. Ahead of the REGI Committee votes on these two pieces of legislation in the first two month of 2019, NGOs from across Europe aim at drawing MEPs' attention with an open letter to key provisions within these regulations that are needed to promote a just and fair transition.
In our globalized world public policy making and society at large face challenges like climate change and financial crises that are global, shared worldwide and tightly connected with policies across different sectors. Solutions for addressing such highly interconnected challenges in a ‘system of systems’ world, tend to address only subsystems and so fail to achieve systemic change and anticipate impact and unintended consequences of public action. Pursuing the necessity of informing the policy decision process and proactively sensing possible problems concerning global matters we are proposing a novel computational platform called SYMPHONY that offers a solution for designing and testing policies and regulatory measures. Our aim is to offer policy modellers and policy makers tools that will support them to make decisions which will prevent and mitigate economic and financial crises as well as foster an economically and ecologically sustainable growth path.
The project SYMPHONY – where Germanwatch was a partner in - aimed at providing a set of innovative ICT tools, integrated in a platform designed to tackle two pressing issues: preventing and mitigating economic and financial crises; fostering an economically and ecologically sustainable growth path. The main objective of the project was to develop a framework for designing and testing policies and regulatory measures. This deliverable documents a concise conceptual architecture that addresses user requirements. Our solution specifies and defines how to orchestrate agent based macroeconomic models and simulators as well as stakeholder expectations in a gamified and engaging manner under a novel framework.
On December 13, the Board of the European Bank for Reconstruction and Development (EBRD) adopted a new strategy for the energy sector. The strategy will have an impact on the use of billions of Euros of public funds in the energy sector. Unfortunately, the strategy represents a missed chance to truly align all investments by the banks with the goals of the Paris climate agreement. Although the strategy has made progress compared to the previous energy strategy, it is far less ambitious then the precedent set by the World Bank in 2017 that excludes all financing of upstream oil and gas activities.