In order to understand where the climate finance agenda is likely to go, it is first necessary to grasp where it stands today. To that end, Overseas Development Institute, WRI, and IGES – in partnership with the Open Climate Network – have conducted the first in-depth examination of Fast Start Finance (FSF), the period from 2010-2012 in which developed nations pledged to deliver US$ 30 billion in climate finance. As of September 2013, countries reported providing $35 billion in public FSF from 2010 through 2012, exceeding their pledge. Just five countries – Germany, Japan, Norway, the United Kingdom and the United States— provided US$ 27 billion of this finance.
Blog Posts: international climate policy
After winning Germany’s federal elections on September 22nd, Chancellor Angela Merkel is in the middle of difficult coalition talks to form a new government. Because Merkel’s party, the Christian Democrats, did not win an absolute majority in parliament, it must find a new coalition partner. The party has begun negotiations with Social Democrats to form a grand coalition.
The issue of "loss and damage" will be a critical component of the discussions at COP 19 in Warsaw. These negotiations could be contentious and emotional—and not surprisingly, given what is at stake. Losses and damages under scenarios well below four degrees of warming could, over time, include the submergence of mega-cities, the collapse of major ecosystems, and the loss of entire island nations. But the loss and damage (L&D) negotiations need to succeed for COP 19 to succeed—and for the global community to get on track to achieve an ambitious, effective, and equitable climate change agreement in 2015.
The amount of adaptation finance has increased in recent years, at least in part as a result of agreements reached at the U.N. climate negotiations in Copenhagen in 2009. In the past year, Oxfam, WRI, Overseas Development Institute, and civil society networks in Nepal, the Philippines, Uganda and Zambia have been working together to figure out just how much adaptation finance has been flowing to these four countries and where it’s going. It’s a bit like trying to figure out the tangle of plumbing and pipes in an old house. There is money for climate change adaptation coming from different sources, flowing through different channels, and being used for different purposes.
The stakes are high at this year’s international climate negotiations in Warsaw, Poland (COP 19). It is vital that negotiators get down to business on designing the international climate action agreement, including actually constructing the pathway needed to reach this agreement by 2015.
Making progress across five key issues will be critical to achieving this goal.
The next few years will be critical when it comes to reducing global greenhouse gas emissions. Under the UNFCCC, countries around the world committed to produce an international climate action agreement. This agreement will be finalized at the annual Conference of the Parties, meeting in Paris in 2015 (COP 21). How UNFCCC negotiations progress between now and then will in part determine whether the world curbs climate change—or feels its worsening effects.
I caught up with Jennifer Morgan, director of WRI’s Climate and Energy programs, to discuss what’s at stake and what steps are needed between now and 2015 to ensure a strong, international climate action plan.
A new report from the U.N. Environment Programme (UNEP) shows that the world is still not taking enough action to avoid dangerous levels of climate change. Assuming countries deliver on the pledges they have made to reduce their respective emissions, the Emissions Gap Report finds that global GHG emissions in 2020 will still be 18 to 27 percent above where they need to be if warming is likely to be limited to 2 degrees Celsius above pre-industrial levels. This gap puts the world in a dangerous position of experiencing increased sea level rise, forest fires, and other serious impacts--unless we take action now.
The UNFCCC negotiations are entering a crucial phase. Negotiators decided nearly two years ago to establish an international climate action agreement “with legal force” by 2015. How this agreement will be structured, though, remains to be seen.
WRI’s new working paper lays out the various options for designing the process for submitting "national offers," countries’ plans to reduce their respective greenhouse gas emissions. It will be critical for negotiators to focus on three key areas: the content of the offers, the timing and process for submitting them, and how they will be reviewed.
It’s not every day that several former Heads of State, the leader of the global trade union movement, an organizer of urban slum dwellers, a business leader, and a number of other leaders and advocates all come together on the same page.
But last week it happened. And even more strikingly, it was their common concern about climate change that brought them together.
A diverse group of global leaders launched the Declaration on Climate Justice to highlight the impacts of climate change on world’s most vulnerable people and the urgent need to build a “just transition” to low-carbon and climate-resilient societies. The Declaration outlines the priority actions needed to achieve a climate-just society in the near- and long-terms. (See our backgrounder for more information on the issues raised in the Declaration.)
EDITOR'S NOTE 11/18/13: After this blog post was published, the IPCC updated its Summary for Policymakers. The figures in this blog post have been updated to reflect new information.
The Intergovernmental Panel on Climate Change’s (IPCC) Fifth Assessment Report (AR5) has delivered an overwhelming consensus that climate change impacts are accelerating, fueled by human-caused emissions. We may have just about 30 years left until the world’s carbon budget is spent if we want a likely chance of limiting warming to 2 degrees C. Breaching this limit would put the world at increased risk of forest fires, coral bleaching, higher sea level rise, and other dangerous impacts.
When Will Our Carbon Budget Run Out?
The international community has adopted a goal for global warming not to rise above 2°C compared to pre-industrial temperatures. Scientists have devoted considerable effort to understanding what magnitude of emissions reductions are necessary to limit warming to this level, as the world faces increasingly dangerous climate change impacts with every degree of warming (see Box 1).
IPCC AR5 summarizes the scientific literature and estimates that cumulative carbon dioxide emissions related to human activities need to be limited to 1 trillion tonnes C (1000 PgC) since the beginning of the industrial revolution if we are to have a likely chance of limiting warming to 2°C. This is “our carbon budget” – the same concept as a checking account. When we’ve spent it all, there’s no more money (and the planet’s overdraft fees will be much more significant than a bank’s small charges for bounced checks).[^1]