The world will need to spend an estimated US$5.7 trillion annually in green infrastructure by 2020 in order to limit global temperature rise to 2 degrees C. This week, it took a step toward creating an institution – the Green Climate Fund – that will be pivotal in achieving this goal.
In most developing economies, Micro, Small, and Medium Enterprises (MSMEs) employ up to 78 percent of the population and account for approximately 29 percent of the national GDP. Their presence in communities throughout the world– big and small, rural and urban – allows them to get products and services to hard-to-reach populations. This market concentration and high level of employment means MSMEs are in a good position to contribute to making vulnerable populations more climate-resilient.
But while MSMEs can assist in helping vulnerable households adapt to climate change, they are also extremely vulnerable to the impacts of a warmer world, such as intensification of precipitation and shifts in water availability. It’s important that MSMEs overcome these challenges and capitalize on their unique business opportunities in ways that help vulnerable communities adapt to climate change.
Multinational companies (MNCs) typically have operations and supply chains in many parts of the world. The way they respond to climate change, therefore, can affect many populations, including poor communities in developing countries, where many people are especially vulnerable to heat waves, sea level rise, and other climate change impacts. MNCs sometimes find themselves in tension with local groups and the environment, but they can also play an important role in making these communities more climate-resilient.
Here are three ways that MNCs can contribute to climate change adaptation in developing countries:
This year’s climate negotiations in Warsaw, Poland (COP 19) were a bit of a mixed bag. On the one hand, the summit’s outcomes were dramatically out of step with the level of action needed to solve the climate change problem. A tempting metaphor for the talks was the national stadium in which they were held– one could go around in endless circles in search of the right location.
On the other hand, the Warsaw COP did achieve the incremental outcomes needed to move the process forward. Negotiators put in place a work plan for securing an international climate agreement at COP 21 in Paris in 2015. The COP also made progress on scaling up climate finance and addressing the difficult issue of loss and damage, a process for addressing climate impacts that are difficult or impossible to adapt to. These are small but important steps toward bringing countries out of their repetitive, circular discussions and closer to agreeing collectively on how to address global climate change.
Globalization means that we are all connected—for good or for bad. Systems are connected across countries and sectors. For instance, food production is intimately connected to energy, water, and finance, and drought in the United States can raise food prices for people all around the world. Changes in one or a few factors in interlinked systems may trigger crises that cascade across time and space in unpredictable ways.
A new WRI issue brief, Weaving the Net, explores how complex, global crises can have profound impacts on low-income, vulnerable households. In many cases, climate change can exacerbate these impacts. The world experienced this fact—to dramatic effect—when the food crisis unexpectedly erupted in 2008.
We already know the world’s carbon budget is being exhausted at an alarming pace, but a new scientific assessment reveals just how sobering the picture of the global carbon cycle truly is.
The Global Carbon Project’s (GCP) 2013 report finds that at the precise time emissions reductions are needed most, carbon dioxide (CO2) emissions from burning fossil fuels and producing cement have reached their highest level in human history.
As the U.S. Environmental Protection Agency (EPA) moves forward with standards to reduce power plant emissions—which are due to be finalized in June 2015—many states are wondering how they will comply. WRI’s fact sheet series, Power Sector Opportunities for Reducing Carbon Dioxide Emissions, examines the policies and pathways various states can use to cost-effectively meet or even exceed future power plant emissions standards. This post explores these opportunities in Colorado. Read about additional analyses in this series.
Colorado is generating more electricity than it has in the past, but it’s doing so while emitting less carbon dioxide pollution thanks to ongoing efforts to ramp down coal use. And the state has the potential to go even further. In fact, new WRI analysis finds that Colorado can reduce its CO2 emissions 29 percent below 2011 levels by 2020 just by complying with current policies and taking advantage of existing infrastructure. Achieving these reductions will allow Colorado to meet moderately ambitious EPA power plant emissions standards, which are due to be finalized in 2015.
It’s time for businesses and governments to step up to the climate challenge and match words to actions.
This week at the annual international climate talks in Warsaw, companies, policymakers, and civil society participated in an event to deepen business engagement on climate policy. Such interaction could not have come at a more critical time.
Global emissions are on the rise. And last year, climate and extreme weather events alone cost $200 billion.
The world clearly needs to accelerate its response to the climate challenge. Businesses and governments need to work together constructively to raise the level of action and ambition. That means policymakers step up to provide a strong market signal and support, while companies come to the table with clear, public, constructive input.
Coal is emerging as a major topic of conversation at the United Nations climate-change negotiations currently taking place in Warsaw – and rightly so. Indeed, it is a discussion that the world needs to have.
The latest findings of the Intergovernmental Panel on Climate Change conclude that we are quickly using up our carbon “budget” – the amount of carbon that we can afford to emit while still having a good chance of limiting global warming to 2º Celsius. According to the IPCC, keeping the global temperature increase from pre-industrial levels below this threshold – the recognized tipping point beyond which climate change is likely to get seriously out of control – requires that the world emit only about 1,000 gigatonnes of carbon (GtC). More than half of this amount was already emitted by 2011. Unless we shift away from carbon-intensive behavior, the remaining budget will run out in roughly three decades.
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