Over the next few months, countries will be releasing the next generation of climate plans known as National Determined Contributions (NDCs). Read our open letter detailing the '10 tests' for global leaders to stay on track and limit global warming to 1.5°C, to avoid catastrophic climate change.
We are living in the ‘era of loss and damage’. In this era, the decision to establish the new Fund for Responding to Loss and Damage (FLD) at COP27 was a historic milestone. Seeking to inform and catalyse advocacy on the topic, we calculate fair shares for countries in providing finance to address L&D.
The sector dialogues within the National Action Plan for Business and Human Rights (NAP) are used as a support for the German Government to implement human rights due diligence. After five years in operation, this particular format has certainly proved effective. In our paper, the participating civil society organisations try to provide an overall view, and present a generally mixed picture.
Since January 2023, the rules of the Supply Chain Act in Germany have applied to all companies above a certain size. This also includes financial institutions. However, the Federal Office for Economic Affairs and Export Control (BAFA), which is responsible for enforcing the law, argued in its guidance published in August 2023 that the law's due diligence obligations are not binding for financial institutions with regard to their core business. Contrary to the guidance, our legal opinion concludes that a correct interpretation of the LkSG clearly shows that financial institutions have a supplier relationship within the meaning of the LkSG with their customers for a number of financial products.
Photo: UNclimatechange, CC BY-NC-SA 2.0
The 60th session of the Subsidiary Bodies (SBs) took place in Bonn in June 2024. This debrief provides a summary of the key discussions and outcomes from the session across the (negotiation) topics discussed, including the Mitigation Work Programme, Just Transition, Adaptation, Loss and Damage, Climate Finance, Global Stocktake, and Agriculture and Food Security. Additionally, it contextualises these developments within the big picture and offers a perspective on the upcoming expectations for COP29.
