As the world’s largest emitter, an ambitious and comprehensive climate plan from China is critical, both for reducing the country’s impact and for the greater climate action such ambition would inspire internationally.
As negotiators leave Bonn, Germany after two weeks of talks on the international climate agreement that will be concluded in Paris at the COP 21 summit later this year, one thing is clear: The pace of negotiations must speed up considerably.
BONN/WASHINGTON (June 11, 2015)—The latest round of climate negotiations concluded in Bonn, Germany today. Negotiators made progress toward a global climate deal, but a faster pace is needed leading up the Paris climate conference in December 2015.
Following is a statement from Jennifer Morgan, Global Director, Climate Program, World Resources Institute:
Entering the second and final week of key climate change negotiations in Bonn, it's clear that the pace of the talks needs to kick into higher gear.
Getting to $100 Billion: Climate Finance Scenarios and Projections to 2020 is one of the first quantitative analyses of realistic funding scenarios to achieve the climate finance goal of $100 billion annually by 2020. It shows that if a variety of sources are included, climate finance could total $109 to $155 billion in 2020 under projections of low-medium growth and leverage.
This paper contributes to the dialogue about what types of finance could count toward the $100 billion goal.
We analyze this question quantitatively by projecting various finance sources forward to 2020 to demonstrate the scenarios under which reaching the $100 billion goal is possible....
Country climate commitments and pledges agreed at Paris may not keep warming below 2 degrees C (3.6 degrees F) by themselves, but by establishing a systematic mechanism to ramp up efforts over time, countries can take collective action to avoid dangerous global warming.
Negotiators at the Bonn intersessional should proceed with the seriousness and pace required to reach a new, international climate agreement at the Conference of Parties (COP 21) in December.
Businesses can help move international climate action forward through direct interventions in their own operations and by creating a surround sound of support. Global Director of WRI's Business Center Kevin Moss lays out a five-point checklist.