Klimawissenschaft

The 24th Conference of the Parties (COP24) will be held from 2 to 14 December 2018 in Katowice, Poland. The task for this summit is to show that, even with political headwinds, the international community is able to respond to the increased urgency of the climate crisis. With a package of three decisions, COP24 will be a success. In this Background Paper, Germanwatch sums up its expectations towards COP24.

The Brown to Green Report is the world’s most comprehensive annual review of G20 climate action, assessing progress on decarbonisation, climate policies, finance, and vulnerability to the impacts of climate change. The report is published annually by Climate Transparency, a global partnership of 14 climate research organisations and NGOs from the majority of G20 countries, many from emerging economies. Germanwatch is one of the main authors.

82% of the G20’s energy supply still comes from fossil fuels, according to the 2018 Brown to Green Report, released today. In Saudi Arabia, Australia and Japan fossil fuels make up even more than 90% of the energy supply, with little or no change in recent years. The 20 major economies play a key role for achieving the Paris targets because they alone account for 80% of global greenhouse gas emissions.

This working paper by Germanwatch and NewClimate Institute studies how Multilateral Development Banks (MDBs) can operationalize their commitment to align financial flows with the Paris Agreement, focusing on alignment with the Paris temperature goal.