Research shows that between 2015 and 2030, the world will need to invest an average of $6.2 trillion annually in infrastructure. More than 120 financial actors recently came together to discuss ways to secure this finance and ensure it supports low-carbon, climate-resilient projects.
international climate policy
The new US commitment to tackling climate change is a serious and achievable plan. The country will double its rate of emissions cuts between 2020 and 2025, reducing emissions 26 to 28 percent below 2005 levels by 2025.
Mexico committed to reduce its greenhouse gas emissions by 22 percent from business-as-usual levels by 2030, becoming the first developing country to submit its post-2020 national climate action plan.
In response to the United States’ submission of its proposed climate action plan to the United Nations, known as its “intended nationally determined contribution” (INDC), World Resources Institute board members released the following statements:
Felipe Calderón, former President of México, Chair of the Global Commission on the Economy and Climate and Board Member, WRI:
The United States submitted its proposed climate action plan, known as its “intended nationally determined contribution” (INDC) for inclusion in the global climate agreement to be finalized in Paris this December. The proposal includes a target to cut greenhouse gas emissions between 26 to 28 percent below 2005 levels by 2025.
Following is a statement by Jennifer Morgan, Global Director, Climate Program, WRI:
Mexico issued its official proposed national climate action commitment, known as its “intended nationally determined contribution” (INDC) to the forthcoming global climate agreement. Mexico is the first developing country to submit its INDC to the United Nations. The draft proposal will peak the country’s emissions by 2026 and describes policies it will use to reach its emission reduction goals.
The following is a statement from Jennifer Morgan, Global Director, Climate Program, World Resources Institute:
WASHINGTON (March 17, 2015)— The World Resources Institute announced today that Paul Bodnar will join the organization as a senior advisor for WRI's Sustainable Finance Center. Bodnar will help lead the Finance Center’s work on climate finance technical analysis, strategy and policy. Most recently, Bodnar served at the White House as director for Climate Change and Environment at the National Security Council.
The EU's announcement of its post-2020 climate commitment, i.e. INDCs, advances their path to a low-carbon future, but there are ways its pledge could be better.
The European Union issued its official proposed national climate action commitment, known as its “intended nationally determined contribution” (INDC) to the forthcoming global climate agreement. The EU set a binding, economy-wide reduction target of at least 40% reductions in its domestic emissions by 2030 compared to 1990 levels, as well as a call for a regular review and strengthening of mitigation commitments consistent with a long-term goal to curb emissions.
Switzerland announced its post-2020 climate action plan yesterday, making it the first country to officially submit its contribution to the international climate agreement to be finalized in Paris at the end of this year. It's a promising start, with the country committing to reduce its emissions 50 percent below 1990 levels by 2030.