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.
As India grapples with the worsening impacts of climate change, the need to strengthen its adaptation efforts has become more significant than ever. Climate diplomacy and mainstreaming climate adaptation into the most vulnerable sectors could provide some solutions to overcoming barriers, such as the lack of sustainable funding.
From contentious rules on carbon trading, through efforts to raise ambition to who will host next year’s summit, negotiators have a full agenda this fortnight. Climate talks resume this week in Bonn, Germany, with negotiators working to finalise the last contentious points of the rulebook for the Paris Agreement.
Women are vital for effective climate policy making and implementation. In South Asia, more needs to be done on systematically integrating women into policy processes - as active stakeholders and not merely as victims of climate risks.
The world risks crossing the point of no return on climate change, with disastrous consequences for people across the planet and the natural systems that sustain them, the United Nations Secretary-General António Guterres warned on Monday, calling for more leadership and greater ambition for climate action, to reverse course.
As the world's biggest polluter, what China decides to do with its energy policy matters to the whole planet. And while progress on the domestic front has rightly won Beijing praise from climate scientists, China is the world's largest funder of coal plants overseas. Is the country employing double standards?
After the recent G7 meeting, much is said about the growing divergence of national interests and about whether the group is able to maintain its leadership on global issues. Amidst feelings of uncertainty and disenchantment left behind by Charlevoix, one thing cannot be ignored: clear commitments on climate change, environment and sustainability issues were made.
Reducing the impacts of disasters in developing countries is absolutely vital - especially in fragile and conflict-affected contexts. The invention of climate risk insurance has been a major breakthrough in that regard. If they are well-designed and mitigate potential negative side effects, climate risk insurance could play a major role in supporting the poor. To support this, insurance initiatives should monitor both positive and negative impacts.
From 8-9 June 2018, Canada will be hosting this year's G7 Summit. In advance of the meeting, the Executive Secretary of UN Climate Change, Patricia Espinosa, published this statement in the publication 'G7 Canada: The Charlevoix Summit':
The EU favours middle-income countries with its climate aid program, according to analysis by a coalition of development agencies. The Act Alliance is calling on the EU to direct more climate finance to the most vulnerable, after finding Turkey and Ukraine were the biggest beneficiaries.