On Friday December 12, 2014, delegates to the UNFCCC COP 20 discussed capacity building for climate finance at the event, 'Tools for Climate Finance Readiness: building capacity to support increased finance flows,' sponsored by Transparency International and adelphi, with the support of the Federal German Foreign Office, Climate Diplomacy, BMUB, NORAD, and the European Commission.
At this side event, Dennis Tänzler presented the Climate Finance Readiness Training toolkit “CliFiT”. It has been developed by adelphi and designed to support and strengthen countries in building coherent national climate finance frameworks, accessing international financial resources (e.g. Green Climate Fund), and spending these funds effectively and transparently. Find more on the CliFiT Tool Kit here.
As falling renewable energy costs and a shadow carbon price are making coal power investments unviable the Asian Development Bank (ADB) is making a decisive shift to clean energy, according to bank energy chief Yongping Zhai.
The Global Climate Action Summit has created a subtle, yet resonating effect on international climate diplomacy. Arguably, its biggest contribution lies in reaffirming the active role of the US in climate action – a refreshing sign of political maturity and environmental responsibility in Trumpian times.
Brazil’s president-elect Jair Bolsonaro has named an anti-globalist diplomat to lead foreign affairs and his country’s relationship with the Paris Agreement. Ernesto Araújo, a relatively junior diplomat, accuses the left of using the environmental cause ‘to serve their political project of total domination’
As opposed to China’s Belt and Road Initiative, India could lead a campaign for climate-responsible international development cooperation, shifting from coal to renewables domestically and promoting the values of the International Solar Alliance globally.