Ask a financial regulator or a central bank governor what role they should play on environmental issues, and most will suggest you’re talking to the wrong person—but this is changing.
BONN, GERMANY//WASHINGTON— The latest round of climate negotiations wrapped up today in Bonn, Germany. This is the final official round of negotiations before the international climate conference in Paris in December (COP21).
Following is a statement from Jennifer Morgan, global director, Climate Program, World Resources Institute:
The frequency of days with “nuisance flooding,” or flooding that causes road closures, overwhelmed storm drains and other public inconveniences, has increased dramatically in many U.S. coastal cities since the mid-1960s—and the threats are worsening.
More than half the fires are burning on peatlands, which hold some of the highest quantities of carbon on Earth.
HFCs are as much as 12,000 times more potent than carbon dioxide. New HFC-reduction initiatives, combined with existing actions, are expected to cut global greenhouse gases by the equivalent of more than 1 billion metric tons of CO2 by 2025, as much as would be achieved by taking 210 million cars off the road for one year.
The great twin challenges of the 21st century — development and climate change — are nowhere sharper than in India, and within India they are perhaps nowhere more vivid than Mumbai. So it’s appropriate that WRI India has its largest office in the rapidly transforming former industrial core of India’s largest, richest city.
As the world’s third-largest emitter and a country that’s highly vulnerable to the impacts of climate change, it is encouraging to witness India invest in actions to tackle climate change while addressing poverty, food security and access to healthcare and education.
This week Brazil formally submitted its climate plan, also known as its Intended Nationally Determined Contribution (INDC). The country’s INDC comes on the heels of joint climate change declarations it’s made in recent months with China, Germany and the United States, showing that the country is committed to a creating a successful international climate agreement in Paris later this year.
Even for those of us who work on climate change every day, last week was one of the most inspiring events in a long time.
Negotiators from nearly 200 countries will convene in Paris in December with the aim of forging a legally-binding international climate agreement. The new pact will incorporate more ambitious national commitments to address climate change than ever before. But what is the proper yardstick for measuring success in Paris?