Today’s UN Climate Summit brought together more than 125 heads of state and government officials—the largest-ever climate meeting of world leaders. Leaders clearly demonstrated their understanding that the impacts of climate change are real and costly, and that they no longer have to choose between economic growth and climate action—they go hand-in-hand.
Momentum for action took a massive leap forward in the last three days – with cities, companies from many sectors, and national governments announcing new actions to shift away from fossil fuels to a low-carbon, climate-resilient economy. Marches around the world provided a clear mandate for leaders to stay engaged all the way to the Paris Summit in December 2015.
WRI’s experts were in New York for all the action. While the outcomes from the Summit are still evolving, here’s our first look at progress made and next steps.
International Climate Action
A wide number of countries, the private sector, and civil society groups voiced support for a clear, long-term goal to shift from fossil to clean energy, potentially by phasing out greenhouse gas emissions to net zero by mid-century.
Many countries reaffirmed their commitment to make their post-2020 emissions-reduction offers by the first quarter of 2015, a critical milestone in securing a global climate agreement by the end of 2015. There was also growing support amongst countries, companies, and civil society for a long-term transformational goal. This is captured in the Secretary General's Chairman's Summary. Key global leaders like U.S. President Barack Obama and China’s Vice Premier Zhang Gaoli signaled their clear intent to take ambitious action, showing that even the biggest economies are ready to shift to a low-carbon growth path. Developing countries like Colombia, the Philippines, and Vietnam stated their readiness to act now, independent of what others do, due to the severe impacts their countries are experiencing. These countries could achieve even more with support from the international community. And with 700,000 people around the world participating in climate marches ahead of the Summit, it was clear that a new public voice can hold leaders accountable.
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Even as the US officially pulled out of the Paris Agreement earlier this week, it might be too soon to lose hope on the country's long-term commitments to climate action. If a Democrat wins the upcoming presidential elections, which are set for November 2020, a reaccession process could begin shortly after the withdrawal is complete. In the meantime, however, the effect on trade policy could be significant.
European peatlands could turn from carbon sinks to sources as a quarter have reached levels of dryness unsurpassed in a record stretching back 2,000 years, according to a new study. This trend of “widespread” and “substantial” drying corresponds to recent climate change, both natural and human-caused, but may also be exacerbated by the peatlands being used for agriculture and fuel.
The Kingdom of the Netherlands has contributed $28 million to back FAO's work to boost the resilience of food systems in Somalia, Sudan, and South Sudan - part of a new initiative to scale-up resilience-based development work in countries affected by protracted crises.
A group of five small countries have announced that they will launch negotiations on a new Agreement on Climate Change, Trade and Sustainability, which, if successful, would constitute the first international trade agreement focused solely on climate change and sustainable development. The initiative also breaks new ground by aiming to simultaneously remove barriers for trade in environmental goods and services and crafting binding rules to eliminate fossil fuel subsidies. Small countries can pioneer the development of new trade rules that can help achieve climate goals, but making credible commitments, attracting additional participants, and ensuring transparency will be essential ingredients for long-term success.