For country commitments to form the basis of an effectively functioning agreement, a framework of international climate machinery needs to be built around them.
WASHINGTON (August 22, 2016)—The 2016 G20 Summit in Hangzhou, China is just around the corner, September 4-5, and will be the first G20 Summit since the Paris Agreement was reached last December. Many are looking to the G20 for a clear signal from world leaders that the message of Paris was received, and that member countries are putting climate and clean energy action at the heart of their growth agendas.
Analysis offers specific recommendations for how to move forward in key areas, including finance, mitigation, adaptation, transparency and accountability
China committed to establish a national emissions-trading program, while the United States announced new actions to help reduce its emissions 26 to 28 percent below 2005 levels by 2025.
We’re now entering the final, significant stages of negotiations leading up to the major climate summit in Paris in December known as COP21, where countries will reach a new international climate agreement. There are now two week-long negotiating sessions remaining before Paris; the first takes place next week in Bonn, Germany. What issues will negotiators face and what needs to happen at the Bonn meeting?
The excitement around clean energy access through distributed renewable energy has a good basis in real world experience. By creating the right policy and regulatory conditions, international clean energy access initiatives can help other countries benefit from greater access to electricity through distributed renewable energy.
With 10 months left until the Paris COP, several key issues bear watching this week as negotiators collaborate on a new climate agreement.
The International Development Finance Club (IDFC)—a group of international, national, and regional development banks based in the developed and the developing world—released its annual report on green investment (i.e. mitigation, adaptation and ‘other’ environmental finance which includes environmental protection and remediation related projects)—as the world’s climate negotiators were meeting in Lima, and its numbers are significant.
Christine Lagarde, Managing Director of the IMF, recently launched the latest book in a series on what good fiscal policy should look like in a world of environmental externalities.
The message was clear: Ministers of finance and economics should design their tax systems skillfully so as to tax bad things, like pollution and congestion, rather than good things like work and profit. Not to do so is plain, bad economics.