The climate community is eagerly looking to Washington right now: At the annual meeting of the World Bank and IMF, countries are debating how the World Bank can better fight poverty – through more capital, but also more sustainability and climate action. That is why two of our analyses are focused on the World Bank […]
The World Bank is paving the way for internal reforms aimed at more money to fight poverty and a focus on climate and sustainability. It wants to expand its mission by “promoting green, resilient, and inclusive development“. To do this, the Bank must evolve in response to “the unprecedented confluence of global crises that has […]
The host country of COP28, the United Arab Emirates (UAE), is planning to massively expand its oil and gas production, according to a report in the British Guardian. State-owned energy company Adnoc, led by COP28 president-elect Sultan Al-Jaber, is pursuing a target of producing 7.6 billion metric tons of oil equivalent over the next few […]
The most important climate decisions are often not made at COPs – they are made before and after. This will also be the case in 2023: Whether progress is made will be determined by the success in bringing the international financial community onto a climate path. And the first serious steps towards this are to […]
Shortly after the publication of the Synthesis Report on the 6th Assessment Report (AR6), important internal decisions are to be made at the Intergovernmental Panel on Climate Change (IPCC). Candidates are lining up for the position of IPCC Chair, which will be filled by election at the end of July for the next IPCC term. […]
The debate on the restructuring of the World Bank and the International Monetary Fund (IMF) is the most important juncture in global climate policy in 2023. A different direction for the global financial institutions could have far-reaching consequences. It could:Not just more capital, but structural reforms above allUnlike in the past, the debate in 2023 […]
The spring meetings of the World Bank and International Monetary Fund (IMF), scheduled for April 10-16 in Washington, D.C., will discuss various ideas for structural reform. However, decisions are not expected before the fall meeting in October.The various proposals are not all equally concrete. They must now find a majority among the voting states. The […]
The key details from the “Modernisation package for climate action and planning acceleration“:Climate Change ActThe Climate Protection Act is being amended: Unlike before, each ministry no longer has to meet exact emission caps every year. Now, “compliance with climate action targets is to be assessed based on a cross-sectoral and multi-year overall calculation“, it says. […]
With a clear warning and a call for an unprecedented effort to expand renewables, the International Renewable Energy Agency (IRENA) has published its World Energy Transition Outlook 2023. The global energy transition is “off-track” and “a considerable scale-up of renewable energy and efficiency solutions” is required to stay on the 1.5- or 2-degree pathway. That […]
Central questions regarding the global climate crisis will be heard by the International Court of Justice (ICJ) in The Hague. On Wednesday, the UN General Assembly in New York unanimously adopted a resolution to this effect submitted by the island state of Vanuatu. This ends a years-long campaign by UN states and climate organizations – […]