Joydeep Gupta, Soumya Sarkar, Chris Davy, Fermin Koop, Yao Zhe, Tom Baxter The Paris Agreement, itself a compromise that is not enough to combat climate change, was further weakened in the details as the work programme was signed off in the annual UN climate summit A Paris Agreement Work Programme (PAWP) was just about saved… Continue reading Weak workplan wounds Paris Agreement
Tag: COP24
World Bank Group Announces $200 billion over Five Years for Climate Action
By ramping up direct adaptation finance to reach around $50 billion over FY 21-25, the World Bank will, for the first time, give this equal emphasis alongside investments that reduce emissions.
State and Regional Governments Decarbonizing at Double the Rate of G20 Governments
This year, 37 governments from Argentina, Brazil, Columbia Ecuador, Peru, Uruguay and Mexico disclosed, and Latin America became the second largest group of disclosing governments after Europe.
HSBC CEO Slammed For Coal Double-Standard at Climate Finance Summit
Activists hijack twitter feed and confront HSBC over discriminatory coal policy Activists continued their campaign against HSBC’s CEO John Flint and his bank’s double standard when it comes to coal finance. As HSBC attempted to paint itself in a green-light (as a sponsor of the UN’s premiere Climate Finance Summit), activists ambushed the entrance of… Continue reading HSBC CEO Slammed For Coal Double-Standard at Climate Finance Summit
Equity and Transparency in Climate Finance: Expectation in COP-24
Absence of legally binding agreement on funding has created immense uncertainty for the vulnerable developing countries to secure the required finance especially for adaptation. Under the initiatives of the UN Framework Convention on Climate Change (UNFCCC), developed countries promised to mobilize required funds following the polluters-pay-principle to address the climate change impacts in the developing… Continue reading Equity and Transparency in Climate Finance: Expectation in COP-24
Progress Urged As Bangkok Climate Talks Open To Prepare Paris Agreement Implementation
Against the backdrop of severe and record heatwaves, bushfires, droughts and floods across the world, governments are convening a supplementary meeting in Bangkok to prepare the implementation guidelines of the Paris Climate Change Agreement. The guidelines are needed to make the Paris Agreement work fairly and transparently for all. Following a two-year negotiation process, the implementation… Continue reading Progress Urged As Bangkok Climate Talks Open To Prepare Paris Agreement Implementation