The spiritual grandchild of the Rio Earth Summit agreement of 23 years ago, the universal climate agreement (UCA), is the world's best chance to limit global temperature increase to two degrees Celsius. The universal hope is that it will be adopted at the global climate change summit in Paris, France, in December 2015. The UCA is important because it will record different countries’ commitments to reduce their carbon dioxide emissions, and, this time around, developing countries, too, will make commitments to reduce their emissions—and they are looking for how to fund the actions they will need to take.
How much money is needed by developing countries? Estimates are around US$ 450 billion per year from 2020 on: US$ 350 billion for reduced emissions and US$ 100 billion for adapting to the impacts of climate change. Some of this money will be provided by countries themselves. But to reach their emission reduction targets, a significant fraction will also need to come from developed countries in the form of official climate finance (OCF). These numbers may sound overwhelming, but context is paramount—they should be compared to net inflows of debt and equity into developing countries, which are estimated to be above US$ 1.2 trillion per year.
For the complete article, please see Daily Development.
A little over a decade ago, the Himalayan region was considered by the IPCC a 'black hole for data'. Small steps have been taken since then, but now scientists hope recent border clashes and the pandemic will not derail the limited progress made on research cooperation over the past decade.
New report for policymakers provides an overview of the growing research on the links between climate change, security and peace. The synthesis identifies ten insights into climate-related security risks and lays the groundwork for the Global Climate Security Risk and Foresight Assessment, led by adelphi and PIK, that will be launched at the Berlin Climate and Security Conference.
In the wake of Germany’s United Nations Security Council (UNSC) presidency for the month of July 2020, its role in addressing climate change in the body gains even greater importance. A look into selected UNSC members that are also pushing the climate issue reveals: health and economic risks are key entry-points.