WRI Insights

As the UN climate meetings ([COP 19](/un-climate-change-conference-resource-hub)) in Warsaw, Poland [get down to serious business](http://www.wri.org/blog/5-issues-watch-cop-19-%E2%80%9Cconstruction-cop%E2%80%9D) in their second week, the world beyond the negotiations looms large – both with challenges and with promise. It’s an important reminder of the stakes inside the negotiating venue. Inside the negotiating rooms, things kicked into a higher gear yesterday. The co-chairs put forward a negotiating text laying out the key issues for [establishing a new climate action agreement in 2015](http://www.wri.org/blog/qa-jennifer-morgan-how-do-we-secure-strong-international-climate-agreement-2015) (under the Durban Platform). Over the next several days, negotiators will grapple with four key issues.

While many people are traveling to Warsaw this week to participate in the international climate negotiations ([COP 19](http://www.wri.org/our-work/topics/cop-19)), the city is also hosting another global conference: the [International Coal and Climate Summit](http://www.worldcoal.org/international-coal--climate-summit/international-coal-climate-summit/). It’s a troubling juxtaposition—coal contributes to [43 percent](http://www.iea.org/co2highlights/co2highlights.pdf) of global greenhouse gas emissions, making it a major driver of climate change. In fact, [a new statement](http://www.europeanclimate.org/documents/nocoal2c.pdf) released by leading scientists suggests that nearly three-quarters of fossil fuel reserves—especially coal—must remain unused if the world is to limit temperature rise to 2 degrees Celsius. In other words, limiting sea level rise, extreme weather events, heat waves, and other climate impacts requires staying within world’s [“carbon budget”](http://www.wri.org/blog/world%E2%80%99s-carbon-budget-be-spent-three-decades)—which doesn’t include unabated coal use.

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](http://www.wri.org/blog/difficulty-defining-adaptation-finance) the extent of the costs, the World Bank [estimates](http://climatechange.worldbank.org/content/climate-finance-and-world-bank-facts) 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](http://climatepolicyinitiative.org/publication/the-landscape-of-climate-finance/) 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?

A new [*Science* paper](http://www.sciencemag.org/content/342/6160/850) provides the first high-resolution, global picture of annual forest cover change over the period 2000 to 2012. Prior to this research, the world lacked up-to-date, globally consistent forest data-- most information about forests is years out-of-date by the time it finds its way into policymakers’ hands. Three key findings emerge from the new maps–and they point to solutions policymakers can pursue now.

As the risks that climate change poses to business becoming ever clearer, corporate executives are increasingly recognizing that policy action is essential. The *[Guide to Responsible Corporate Engagement in Climate Policy](http://www.wri.org/publication/guide-responsible-corporate-engagement-climate-policy)*—from the U.N. Global Compact, U.N. Framework Convention on Climate Change, U.N. Environment Programme, World Resources Institute, CDP, WWF, Ceres, and The Climate Group—for the first time establishes a shared, practical definition of responsible corporate engagement. The [new guide](http://www.wri.org/publication/guide-responsible-corporate-engagement-climate-policy) details three essential steps businesses can take to effectively engage in climate policy.

Strategies to mitigate and adapt to climate change’s impacts will be costly, so [success at COP 19](http://www.wri.org/blog/5-issues-watch-cop-19-%E2%80%9Cconstruction-cop%E2%80%9D) hinges on making progress on climate finance. It’s important that negotiators pursue three actions: scaling up [adaptation finance](http://www.wri.org/blog/adaptation-short-changed-imbalance-climate-finance-commitments); developing pathways to secure $100 billion in climate finance by 2020; and moving the [Green Climate Fund](http://www.wri.org/blog/green-climate-fund-inception-launch-0) forward.

Forests are the life blood of Equatorial Guinea. They cover roughly 98 percent of the total national land area, providing services and sustenance to hundreds of thousands of Equatoguineans. But despite the critical role of forests, the country lacked a comprehensive information system to support monitoring and responsible management of these ecosystems. [Leer esta entrada del blog en español](/blog/las-%C3%A1reas-protegidas-en-guinea-ecuatorial-se-incrementaron-en-un-60-por-ciento-seg%C3%BAn-nuevo) [Lire ce blog post en Français](/blog/la-superficie-des-aires-prot%C3%A9g%C3%A9es-augment%C3%A9-de-63-en-guin%C3%A9e-%C3%A9quatoriale-r%C3%A9v%C3%A8le-le-nouvel-atlas)