Aktuelles

In addition to amplifying extreme weather events, climate change also causes or intensifies slow-onset processes such as sea-level rise, desertification, biodiversity loss or permafrost thaw. Both types of climate change impacts cause loss and damage, impede the enjoyment of human rights and can be drivers for human mobility.

Loss and Damage due to climate change impacts is already a reality. Not only but most existentially for vulnerable developing countries and communities around the world that have contributed least to the climate crisis.

At the second Finance in Common (FiC) Summit on 19 and 20 October 2021, 500 public development banks could jointly raise their ambitions to support sustainable development globally. The fastest growing development bank in the world, the Asian Infrastructure Investment Bank (AIIB), plays a crucial role for infrastructure investments in Asia where the majority of future infrastructure projects will take place. A framework report produced by Germanwatch and collaborating NGOs from Asia analyzes the AIIB’s opportunities to align with the Paris Agreement and suggests ten climate-resilient and pro-poor principles for more sustainable and socially inclusive infrastructure.

COP26 is often considered the most important since the Paris Agreement was adopted in 2015. Its context underlines the urgency: In the summer of 2021, people across the globe experienced extreme weather events and their consequences. The climate summit in Glasgow – in conjunction with the G20 summit shortly before – holds the potential to significantly accelerate climate protection efforts worldwide.