In June 2018, the European Commission installed a Technical Expert Group to develop a classification for sustainable finance. That human rights considerations are almost entirely absent from the group’s mandate considerably weakens the current approach, criticises Germanwatch alongside other pressure groups.
Today, Germanwatch and six big German and European companies published a declaration in which they call on the German government to support the quick and long-term fix of the EU Emissions Trading System (ETS). The declaration, signed by Alstom, EnBW, E.ON, Otto, Puma, Shell, and Germanwatch, demands to enhance security for low-carbon investments done and planned. Low prices for CO2 are like posion for them. They therefore urge the German government to act.
The new edition of the Climate Change Performance Index (CCPI) was released by Germanwatch and CAN-Europe in Durban at the UN climate talks today. Again, none of the 58 highest-emitting countries has done enough to prevent dangerous climate change, leaving ranks one to three open. The next ranks went to three European countries, Sweden, UK and Germany. The countries ranked worst this year are Saudi Arabia, Iran and Kazakhstan. Overall, the ranking was influenced by the worldwide economic crisis. This resulted in higher growth of emissions in emerging economies compared to industrial countries.
While the UN climate summit at Durban has started under the impression of severe local thunderstorms, the climate and development organization Germanwatch publishes its Global Climate Risk Index (CRI) for the seventh time. The index focuses on countries especially affected by weather extremes such as floodings and storms in 2010 and during the past twenty years. The Global Climate Risk Index is based on data collected in the worldwide renowned database at MunichRe.