COP24 - UN Climate Change Conference 2018 in Katowice

The so called rulebook agreed at the Climate Summit in Katowice, Poland (COP24) in December 2018 provides a solid technical basis for the global implementation of the Paris Climate Convention. To avert the climate crisis, however, it is essential that all states show significantly more political will to implement the agreement swiftly. In this follow-up paper, we present the most important decisions, above all on the elements of the implementation guidelines and - where relevant - the political compromises between the states on them. We also analyse where we consider the rules to be robust enough - and where not.

Jan Burck, Germanwatch, one of the authors of Climate Change Performance Index 2019: „Our Climate Change Performance Index is based on standardized scientific criteria. The data for 12 of our 14 indicators is drawn from official statistics. Germanwatch and the NewClimate Institute in cooperation with national experts undertake the assessment. The criticism of Prime Minister Leo Varadkar falls short as he only refers to one out of the 14 CCPI indicators. Emissions in Ireland are still increasing if one looks at a five-years trend, no matter if 2016 or 2017 is taken into account as the latest data reference.”

After three consecutive years of stable CO2 emissions, emissions are rising again. The Climate Change Performance Index 2019 (CCPI), published today at COP24 in Katowice, shows only few countries have started to implement strategies to limit global warming well below 2 or even 1.5°C. While there is a continued growth and competitiveness of renewable energy, especially in countries that had low shares before, the CCPI shows a lack of political will of most governments to phase out fossil fuels with the necessary speed. Because of that, in most countries the climate policy evaluation by national experts is significantly lower than in the last years.

The CCPI is an independent monitoring tool of countries' climate protection performance. It aims to enhance transparency in international climate politics and enables the comparability of climate protection efforts and progress made by individual countries. Based on standardised criteria, the index evaluates and compares the climate protection performance of 56 countries and the EU, which are together responsible for more than 90 percent of global greenhouse gas (GHG) emissions.

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.

The world’s climate goals can only be reached with enough high quality financial support. Multilateral development banks (MDBs) have to play a vital role in efforts to shift global finance flows towards a sustainable future.
The report aims to support the ongoing efforts by MDBs to achieve alignment between their activities and the global climate goals and to help shareholders and stakeholders to screen projects and strategies for Paris alignment. It can also serve as a discussion basis for the efforts of other financial institutions to align their financial flows.

Tropical cyclones have heavy impacts on an increasing number of countries. In 2017, the hurricane season in the Caribbean Sea was particularly strong and left several islands destroyed. Furthermore there are some developing countries that have difficulties to recover as they are regularly hit by weather catastrophes. Especially poorer countries like Sri Lanka, Nepal or Vietnam are facing great challenges. All in all, in 2017 11.500 people died because of extreme weather events. Economic damages amounted to approximately US$ 375 billion (calculated in purchasing-power parity, PPP). So it was the year with the highest weather-related losses ever recorded.

This CFAS Climate Finance Guide provides negotiators and observers with an overview of the key issues related to climate finance that will be discussed at the 24th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC), to be held from 3 to 15 December 2018 in Katowice, Poland.