News | 21 April 2023

Open letter: The future of the Stability and Growth Pact

Title page of the open letter

In the EU, reform of the Stability and Growth Pact is on the agenda. German and French civil society organisations therefore call in their joint letter to the German Federal Minister of Finance and his French counterpart for the relaxation of the rules of the Stability and Growth Pact in combination with the establishment of a new EU climate and biodiversity fund. Investments in the green and just transition are essential to ensure the resilience, prosperity, and social justice of our economies and societies.

News | 17 April 2023

Joint Statement: Why adopting the Social Climate Fund is the right choice for the EU

Blick in den Plenarsaal des EU-Parlaments in Strasbourg

On April 18, the European Parliament will vote on the reform of the Emissions Trading System (ETS) and the new Social Climate Fund (SCF). European NGOs, including Germanwatch, have published a joint statement emphasising the importance of the new fund to ensure social justice. However, Germanwatch and the other signatories call for a substantial increase in funding to ensure that European climate action is fair and just.

Blogpost | 12 April 2023

World Bank Group Paris Alignment Draft Methodology Needs Work

World bank headquarters

Foto: Shutterstock

The World Bank Group (WBG) has published the first set of documents beginning to detail how they will align their investments with the Paris Agreement – the so-called “Paris Alignment Methodology”. The publication of these methodologies is a long overdue first step to deliver on the commitment to align the WBG operations with the goals of the Paris Agreement. They will need to be strengthened and clarified to fully align the WBG investments with the Paris Agreement.

Blogpost | 05 April 2023

Priorities for the EU’s climate diplomacy in 2023

EU flags

On Friday, 10 March 2023, the EU’s Foreign Affairs Council (FAC) adopted its conclusions on climate and energy diplomacy for this year, entitled: ‘Bolstering EU climate and energy diplomacy in a critical decade’. In this blog post, we present the key priorities to which the Council agreed and highlight the areas where the EU needs to provide more clarity and increase its ambition.

Reform of the international financial architecture

06.04.2023
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A primer

The emerging polycrisis is challenging governments and institutions around the world. Especially countries in the Global South lack the financial capacity to address the current challenges and simultaneously prepare their nations for the impacts of climate change. The existing international financial architecture has so far been unable to provide the necessary financial resources.There are three major reform proposals that address different institutions within the international financial architecture. This primer introduces the proposals presented and provides an overview of the main institutions and actors involved in the process in Germany.