Since 2015, Germanwatch and NewClimate have collaborated in developing criteria to assess the compatibility of investments with global climate goals. This blog summarises some of our ideas and explains to what extent support for fossil fuels abroad jeopardises Germany's climate commitments and the Paris Agreement.
This blog is part of a series debunking ‘myths’ about trade-offs between climate action and development. It is intended for decision-makers, practitioners in multilateral development banks, as well as civil society and the interested public, providing them with evidence to disprove widespread misconceptions about trade-offs climate action and development. It also gives recommendations for how multilateral development banks can contribute to strengthening the link between climate action and development, thus encouraging win-win elements instead of trade-offs.
This background paper provides an overview of the most important negotiation topics of COP27, which will take place in Sharm El-Sheikh, Egypt, from 6 to 18 November. There is no doubt that the impact of Russia's war against Ukraine will be the dominant topic of this year's global climate conference. At the same time, participants should be aware that the impacts of climate change have no regard for the geopolitical situation.
The world is paying close attention to the multilateral development banks' (MDBs') potential for financing global climate action. MDBs have committed to aligning their financing with the Paris Agreement, and an explicit approach towards Paris-alignment of policy-based finance has been long expected from them. This working paper explains why this is important and what such an approach would entail.
The G20 countries have a special role to combat climate change - they are responsible for a majority of global emissions. This year’s Climate Transparency Report shows that G20 members are undermining climate efforts and fossil fuel production subsidies surge to highest levels ever in 2021.
