The Green Climate Fund (GCF) was created to serve as one of the primary funding institutions of the international climate finance architecture under the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. Its overall goal is to promote the “paradigm shift towards low-emission and climate-resilient development pathways’’ by providing support to developing countries, specifically those that are particularly vulnerable to the adverse impacts of climate change, to limit or reduce their greenhouse gas emissions and to adapt of global warming effects. With a portfolio of over hundred projects and programmes across developing countries, the GCF is expected to reduce more than 1.5 billion tonnes of carbon dioxide equivalent of greenhouse gases and to improve the life of over 276 million (direct and indirect) beneficiaries across 97 countries.
African Risk Capacity (ARC) is a specialised agency that follows the vision of: “protect the livelihoods of vulnerable people in Africa against the impact of natural disasters through home-grown, innovative, cost-effective, timely and sustainable solutions.” As a regional, African-owned, and African Union (AU)-led insurance pool, ARC is an essential component of a more comprehensive approach to anticipatory climate risk management. It covers the issues of financial risk management through risk pooling and transfer. Contingency planning is a central part of ARC insurance, and a precondition to purchasing a policy. The specific advantage of an ex-ante mechanism such as this is its fast availability of support; thus, ithelp avert suffering.
Long-term stability and prosperity in the Western Balkans is closely interlinked with the fate of the EU. A positive development in the region and the maintenance of good relations are in the EU’s strategic interest. Geopolitical interests continue to compete in the Western Balkans: China is increasingly rivalling ideas of international solidarity and co-operation offered by the EU. This has become most apparent during the outbreak of the COVID-19 pandemic and the economic crisis that followed. The new momentum of recently extended financial support should be the starting point for a more serious cooperation with the Western Balkans on the energy transition. The German EU Presidency in the second half of this year should focus on making energy transition partnerships a reality. This is an opportunity that the EU should not miss.
This report provides civil society perspectives on three initiatives of particular importance in relation to renewable energy in Africa – the Africa Renewable Energy Initiative (AREI), the Least Developed Countries Renewable Energy and Energy Efficiency Initiative for Sustainable Development (LDC REEEI), and the African Energy Transition Programme (AFRETRAP).
The conflict between the US and China over leadership in the coming world order is becoming more intense - and forcing the EU to clarify its own relationship with China. Co-operation on climate policy can play a key strategic role in this process. It is therefore high on the agenda of the German EU Council Presidency in the second half of this year.
The 11th meeting of the Executive Committee of the Warsaw Inernational Mechanism took place at the beginning of the corona crisis and therefore faced severe organisational challenges. It was held virtually, which posed challenges like internet connectivity problems and lack of possibilities for inclusive participation. Topics of this meeting were for example to discuss inter alia COP25 outcomes like the establishment of the “Santiago network on loss and damage” and the "Expert Group on action and support".
The report covers the key expectations for the meeting, the outcomes, the special corona context as well as recommendations on the way forward and necessary next steps.
The poorest populations in the Global South are fighting against the yet unforeseeable consequences of the coronavirus and the impacts of climate change simultaneously. They urgently need support in building resilience to the health and climate crises and in dealing with unavoidable climate impacts.
The Paris Agreement sets out the ambitious task of aligning all financial flows with its goals to avoid the worst impacts of warming. Multilateral Development Banks (MDBs) have an important role to play in making this goal a reality. Their development mandates, technical expertise, and track record on climate finance mean that MDBs can lead the way by helping developing countries avoid fossil fuel-intensive development pathways, by developing the necessary standards and investment criteria to assess the alignment of investments with the Paris Agreement’s goals, and by helping to mobilise increased volumes of climate finance.
The outcome of the World Climate Conference (COP25) in Madrid, held 2 to 15 December 2019, clearly shows the strengths and weaknesses of the Paris Agreement. It shows that the days of cosmetic climate policy are over, but also that the coordinated resistance of the brakemen is growing as a result.
The Climate Change Performance Index (CCPI) presented today at the climate summit in Madrid reflects opposing trends in global climate action: Australia, Saudi Arabia and especially the USA give cause for great concern with their low to very low performance in emissions and renewable energy development as well as climate policy. With these three governments massively influenced by the coal and oil lobby, there are hardly any signs of serious climate policy in sight. On the other hand, global coal consumption is falling and the boom in renewable energy continues. In 31 of the 57 high emitting countries assessed, collectively responsible for 90 percent of emissions, falling emission trends are recorded.