UN Climate Summit 2014: LIVE BLOG

WRI will be liveblogging during the 9/23 summit, tracking major announcements and offering expert commentary throughout the day.

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adaptation

3 Ways Multinational Corporations Can 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:

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COP 19 Made Small Steps Forward, but We Need Bolder Leaps

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.

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Adapting to Climate Change: The Private Sector’s Role

Adapting to the impacts of climate change—like heat waves, increased floods, and natural disasters—is an enormous challenge. It’s also one that comes with an enormous price tag. Although it’s difficult to calculate the extent of the costs, the World Bank estimates that developing countries need $70 to $100 billion USD per year through 2050 to meet their current and future climate adaptation needs.

The Climate Policy Initiative, however, estimates that in 2011, only $4.4 billion USD in adaptation finance went to developing countries. This leaves a gap of anywhere from $65.6 to $95.6 billion USD per year between what developing countries need and what developed nations are giving.

So who can help fill this gap?

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3 Ways to Make Progress on Climate Finance at COP 19

Strategies to mitigate and adapt to climate change’s impacts will be costly, so success at COP 19 hinges on making progress on climate finance. It’s important that negotiators pursue three actions: scaling up adaptation finance; developing pathways to secure $100 billion in climate finance by 2020; and moving the Green Climate Fund forward.

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Weaving the Net

Climate Change, Complex Crises and Household Resilience

Complex crises produce impacts that cascade across space and time in unpredictable ways, and create severe hardship among vulnerable groups in developing countries. This paper uses the food crisis of 2008 as a basis for...

Mobilising International Climate Finance

Lessons from the Fast-Start Finance Period

Developed countries report that they mobilised $35 billion in international climate finance for developing countries through the “fast-start finance” period from 2010 through 2012. This study examines the reported contribution in detail, revealing lessons for mobilising and targeting climate...

Loss and Damage: Elements for Successful Negotiations at COP 19 in Warsaw

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.

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Looking in the Pipes of Climate Adaptation Finance

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.

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The Plumbing of Adaptation Finance

Accountability, Transparency, and Accessibility at the Local Level

Adaptation is local but reaching the local level is not always easy. This paper explores the challenges of reaching the most vulnerable people with adaptation finance. It identifies opportunities for improvement and proposes a framework to assess delivery of adaptation finance focusing on...

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