The outcome of the UN climate conference is one of ambivalence: while there is strong momentum for phasing out coal and pressure being placed on reluctant climate action, for the 1.5 degree limit to come within reach, China in particular needs to improve its climate target soon and the US needs to implement its very well. In addition, results on the issue of Loss and Damage are insufficient.
Published annually since 2005, the Climate Change Performance Index (CCPI) is an independent monitoring tool for tracking the climate protection performance of 60 countries and the EU. It aims to enhance transparency in international climate politics and enables comparison of climate protection efforts and progress made by individual countries.
The Climate Change Performance Index compares 60 countries and the EU in the areas of Greenhouse Gas Emissions, Renewable Energies, Energy Use and Climate Policy, thus providing a comprehensive overview of the current efforts and progress of the countries analysed. Besides, it measures how well countries are on track to meet the global goals of the Paris Agreement by evaluating the current status and future targets of each category with reference to a well-below 2°C pathway. This brochure explains the background and methodology of the Climate Change Performance Index.
Two years after the 2015 Paris Agreement, the world’s multilateral development banks (MDBs) committed to align their financial flows with the landmark climate pact’s goals.
Now, four years later, it’s clear that as a group, the MDBs are still a long way away from realizing their commitment throughout their portfolios. While MDBs have focused on aligning direct investments with Paris goals, this effort is not sufficiently ambitious, nor is it complete. They have paid less attention to whether their indirect investments support climate goals. And policy-based loans — a favored instrument during times of crisis — also remain a blind spot.
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. In contrast to extreme weather events, dealing with loss and damage caused by slow-onset processes in the context of climate change is still neglected – both at the national and international level.
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. How developing countries can be supported (financially) by the international community in addressing loss and damage has long been a discussion topic in international climate negotiations under the United Nations Framework Convention on Climate Change (UNFCCC).
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.
The G20 countries have a special role to combat climate change - they are responsible for a majority of global emissions. This year’s Climate Transparency Report shows that the efforts of the G20 countries are currently insufficient to limit climate change to the 1.5°C agreed in the Paris Agreement. After a short period of decline, due to the COVID-19 pandemic, emissions are rebounding across the G20. However, a positive development is that the expansion of Renewable Energy capacities are rising.