Several countries’ national determined contributions (NDCs) highlight climate finance as a precondition for the ambitious action needed to achieve development paths compatible with limiting global warming to 1.5°C in 2100. Many hopes have been pinned on new market mechanisms in this context, but the trade-offs demanded by carbon trading schemes continued to be hotly debated at the UNFCCC last week, not least due to their political and economic implications. Laima Eicke reports
In the upcoming days Japan will hosts its first ever G20 Summit. As the main contributers to global warming, the G20 states agreed 2009 on a phase out plan of fossil fuel subsidies. Ten years later the failure of the G20 to act on global warming is evident: around $63.9 billion was spent by G20 countries this year to develop coal industries in the global south. Dr. Rainer Quitzow reveals the facts.
A few days before the EU Summit, climate diplomats are gathering in Bonn to agree on rules for trading CO2 certificates and financial mechanisms designed to support developing countries, two agenda items from the Paris Agreement that remain unresolved. Florence Schulz, author from EURACTIV Germany reports.
Multi-lingual, multi-cultural and multi-ethnic, over 400 million voters Europeans from 28 member states are poised to elect a new Parliament and European Commission President. Given its lead position on climate and energy issues, and under pressure to accept more American fracked fossil gas, their decision will have global ramifications. L. Michael Buchsbaum takes a look.
The EU has introduced a new measure to decrease aviation emissions, which is called CORSIA. But it’s not strong enough to protect the climate, say Mareike Willems and Christoph Störmer.
As European onshore wind energy growth slows, investors and analysts pin the blame on political infighting and faulty auction systems. L. Michael Buchsbaum reports on recent figures illustrating a particularly sharp drop in Germany.
The German Coal Commission has recommended that all coal be phased out by 2038. But this trajectory won’t be quick enough to meet the goals of the 2015 Paris Agreement, says L. Michael Buchsbaum.
Ministers from ten EU countries have urged the European Commission to chart a “credible and detailed” path towards net-zero greenhouse gas emissions in 2050, ahead of the launch of a landmark climate strategy next week. Sam Morgan gives detailed insights.