After reaching full operationalization in 2015, the Green Climate Fund (GCF) is gradually moving from a design phase into the actual implementation of projects and programmes to address the adverse effects of climate change in developing countries. To reach its ultimate objective of achieving a paradigm shift towards low-carbon and climate-resilient development, these projects and programmes need to be imbedded in national development strategies and require the involvement of all national actors to be truly country-owned.
Global decarbonisation will stem from a wide array of policy instruments: regulatory frameworks, long-term low-carbon strategies, technology development and transfer and fiscal and market incentives. As long as the prices of established fossil fuel technologies remain far below their true cost to society, it will be difficult to push them out of the market. A coordinated effort to phase out fossil fuel subsidies and establish carbon pricing schemes and domestic floor prices throughout the G20 would be a major step forward.
Nationally Determined Contributions (NDCs) are a centrepiece of the new global climate regime which was agreed at COP21 in Paris and form the foundation for the pathway towards a low-carbon and climate resilient development. This paper analyses specifically the financial aspects included in the INDCs and aims to contribute towards a definition of comprehensive financing strategies for implementing NDCs. It provides an analytical overview of the financial aspects that have been included in the INDCs submitted so far and provides a discussion of options for financing NDC implementation.
With its mandate to promote a paradigm shift towards low-emissions and climate-resilient development pathways the Green Climate Fund (GCF) has reached full operationalisation in 2015 and is resourced with over US$ 6bn (with more than 10bn pledged). According to its initial results management framework the GCF aims to achieve a "reduction of emissions from buildings and cities" while at the same time "increasing the resilience of infrastructure and the built environment to climate change threats" (GCF, 2014). However, clear operationalisation pathways for the GCF to reach the subnational level are still lacking to date. This publication offers some suggestions on how to shape the GCF so that its finance flows better suit the needs of cities.
While Paris has been a success in terms of environmental diplomacy and politically acknowledged the risks of climate change especially if global mean temperature exceeds 1.5° C, the current level of domestic targets would result in much higher global warming. This emission gap directly translates into a climate risk gap resulting in loss and damage for people and ecosystems. This is the backdrop against which the Warsaw International Mechanism's performance needs to be compared.
Lisa Junghans, Policy Advisor – Climate Change, Adaptation and Urban Transformation at Germanwatch talks at the Climate & Development Knowledge Network- Website about a recent CDKN-supported publication on financing climate compatible development in cities. The publication is an output of CDKN supported project.
The Climate Change Performance Index is an instrument supposed to enhance transparency in international climate politics. Its aim is to encourage political and social pressure on those countries which have, up to now, failed to take ambitious actions on climate protection as well as to highlight countries with best-practice climate policies. On the basis of standardised criteria, the index evaluates and compares the climate protection performance of 58 countries that are, together, responsible for more than 90 percent of global energy-related CO2 emissions.
The millennium started with a lost decade in terms of climate protection and, as indicated in the eleventh edition of the Climate Change Performance Index (CCPI), global emissions were still growing in 2013. For 2014, there are signs of a slowdown or even a halt of this trend.
Serbia, Afghanistan and Bosnia and Herzegovina were the countries most impacted by climatic events in 2014. This is the result of this year’s Global Climate Risk Index, launched today by Germanwatch at the climate summit in Paris. "Heavy rains, flooding and landslides have been the defining hazards of the new Global Climate Risk Index", said Sönke Kreft, author of the study and Team Leader for International Climate Policy at Germanwatch. "Patterns of extreme precipitation is what people and countries will likely face in a warming climate."
Today, the Peruvian farmer and mountain guide Saúl Luciano Lliuya is filing a lawsuit against the German utility RWE at the Regional Court in Essen, Germany. The reason: The energy company’s immense emissions threaten his family, his property as well as a large part of his home city of Huaraz. Climate change has caused the glacial lake to quickly grow in size, making it a risk for the Andean city of 120,000.