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.
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Ten years after committing to phase out fossil fuel subsidies, G20 countries still subsidise coal, oil and gas to the tune of around USD 150 billion annually. Peer review of fossil fuel subsidies help push the G20 forward on this issue, but these reviews need to be followed by action. Subsidy reforms could free up resources that could be channeled back into government programmes and on accelerating a clean energy transition.
Adapting to climate change and strengthening resilience are becoming priorities for the international community – however, they require greater ambition in climate policy. 107 governments and numerous international organisations have endorsed a call for action on raising ambition at the United Nations Climate Change Summit on 23rd September 2019. Following the summit, the Global Commission on Adaptation will begin its Year of Action to meet the climate challenges ahead. The Year of Action is here to accelerate climate adaptation around the world, to improve human well-being and to drive more sustainable economic development and security.
A new form of organized crime has recently been emerging in the Amazon: illegal mining. Miners fell trees, use high-grade explosives for blasting soils and dredge riverbeds. But the impacts go beyond environmental damage, bringing with it a slew of other social problems. Peace researcher Adriana Abdenur urges policymakers to improve coordination and argues that diplomacy may help prevent further conflicts, corruption and crime.
Access to water can be a critical resource for cooperation, but also a source of tension. Identifying risks before their onset is crucial for the efficiency and economic feasibility of intervention strategies, but how can these risks be measured? To address this conundrum, adelphi together with several partners convened a side-event at World Water Week, which connected experts developing analytical tools to policy makers in the water sector.