Development finance institutions (DFIs) play a key role in aligning financial flows with low-emission, climate-resilient development pathways. Many have committed to support the objectives of the Paris Agreement. In this working paper Germanwatch, the NewClimate Institute and the World Resources Institute take a closer look at financial intermediary lending by DFIs, proposing a phased approach for aligning indirect investments.
This Germanwatch study analyses CBAM perceptions in major EU trading partners and provides recommendations on how to increase their acceptability of the instrument. The study reveals that one of the keys for international acceptance of an EU CBAM is revenue recycling. The EU should use CBAM revenues to support the green transition of trading partners affected by the CBAM. We show that through a smart CBAM, complemented by offers of climate partnerships, the EU can set new standards of global climate cooperation.
Global efforts to realise rapid emission reductions and build resilience must be ramped up without further delay to meet the 1.5 °C Paris target and enable vulnerable communities to deal with climate impacts. Where individual states reach their limits in implementing the SDGs and Paris objectives, bilateral or multilateral partnerships can provide support for the necessary transformation to net-zero-emission and resilient societies. Partnerships are indispensable to achieve whole-societal transformation, as they enable countries to share knowledge, experience and resources. Germany entertains solid climate cooperation with several countries in the Global South. In this study, PAREMIA - Partnerships for ambitious resilience and mitigation action, we analyse preconditions for such partnerships with 13 countries and suggest thematic starting points for three of them – Chile, India and South Africa.
In the light of the upcoming EU summit on 24 and 25 May and the publication of the European Commission's "Fit for 55" package, leading environmental NGOs from Poland, France and Germany joined together for the first time to challenge their governments and the EU. They are calling for more climate ambition, more solidarity among member states and responsibility of the member states for adopting the targets.
On 21 April 2021, the European Commission published its proposal for a new EU Corporate Sustainable Reporting Directive (CSRD). In a joint public statement, Germanwatch and other NGOs associated with the Alliance for Corporate Transparency welcome many aspects of the proposal, including the development of mandatory sector-specific EU sustainability reporting standards.
On Tuesday, 6th of October, the European Parliament will vote on the EU Climate Law and set its position on the EU 2030 climate target. In a letter to the Members of the European Parliament the plaintiffs of the People's Climate Case urge them to decide on higher emission cuts by 2030 and to support access to justice for citizens.
Carbon emissions from the world’s 20 biggest economies are rising. None of the G20 countries have plans that will put them on track to limit global warming to 1.5°C, despite the fact that most are technically capable and have economic incentives. To keep the Paris Agreement’s 1.5°C goal within reach, G20 countries will have to increase their 2030 emission targets by 2020 and significantly scale up mitigation, adaptation and finance over the next decade.
The short film illustrates how cooperation between actors from civil society, politics, the private sector and academia helps to incorporate different perspectives and backgrounds in solutions to complex challenges. The example of climate risk insurance in Kenya illustrates the implementation of this approach.