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At the UN Climate Conference in Glasgow (COP26), several multilateral initiatives were launched. In this fact sheet, we took a closer look at the Beyond Oil and Gas Alliance (BOGA) and its potential to close the 2030 ambition gap and implement climate action more quickly.
At the UN Climate Conference in Glasgow (COP26), several multilateral initiatives were launched. In this fact sheet, we took a closer look at the Glasgow Leaders' Declaration on Forests and Land-Use (GDFLU) and its potential to close the 2030 ambition gap and implement climate action more quickly.
At the UN Climate Conference in Glasgow (COP26), several multilateral initiatives were launched. In this fact sheet, we took a closer look at the Global Methane Pledge (GMP) and its potential to close the 2030 ambition gap and implement climate action more quickly.
The Just Energy Transition Partnership (JETP), announced last year with South Africa, aims to reduce emissions in the energy sector and accelerate the coal phase-out process. The partnership, first announced in COP26 with the promised value of 8.5$ billion, was then followed by a G7 announcement for a similar partnership in India, Indonesia, Senegal, and Vietnam. As an important thread in the social fabric of many countries, it is crucial for CSOs to be involved in providing input and monitoring the partnership process, especially as Indonesia and India are preparing their own JETP.
The German government planned on making climate and sustainability the main topics of its G7 presidency. In this briefing, we outline what the G7 Leaders’ Summit was able to achieve, which gaps remained, and where to go from there.
When the G7 leaders met at the end of June 2022 in Elmau, they called on Multilateral Development Banks (MDBs) to further strengthen ambitious climate action. This policy brief explains what the G7 asked the MDBs to do, why this is important, and what it means in terms of concrete steps that should be taken in the short and medium term (including until COP27) to halt the climate crisis and successfully support the global transformation towards green and resilient economies. In this critical decade of implementation, quick outcomes are more important than ever before and MDBs are called upon to increase their efforts. Especially the World Bank will be assessed in terms of its ability to step up its climate ambitions and to lead the MDBs’ engagement in those areas.
At the forthcoming G7 Ministerials this week and next, Germany should push for stronger joint efforts to exit international fossil fuel financing. Considering the latest IPCC findings and the urgent need to stop investment in coal, oil and gas, the financial activities of public finance institutions (PFIs) play an important role to achieve the goals of the Paris Agreement. This paper analyses the alignment of German and Korean PFIs’ climate and sector strategies with the Paris Agreement and makes recommendations on how their strategies can align with a 1.5°C goal.