The past month was full of climate-related stories in the media, including speeches by the Pope in Washington DC and New York, the joint China-US statement, and the announcement of China’s cap-and-trade scheme starting 2017.
We may still hear about differences of opinion on what is causing climate change and what needs to be done and by whom, but it is happening, and that efforts to resolve these differences are made in conventions and meetings, in houses of Congress, in media or public debate.
It has been a fascinating time to be in the United States and watch as the media and American public were transfixed by Catholic Pope Francis’ whirlwind three city sojourn to Washington DC, New York City and finally Philadelphia.
It was a trip of firsts. Pope Francis became the first Pope to address a joint session of the US Congress and then a day later marking another first in addressing the UN General Assembly just before member states unanimously adopted Agenda 2030 and the Sustainable Development Goals (SDGs).
It was fitting and profound to have the Pope frame the global goals’ agenda with his remarks, since in many ways his recently released encyclical, Laudato Si, embodies the integrated and indivisible nature of the sustainable development agenda.
It puts both environmental protection and social inclusion as part and parcel to ending poverty and extending dignity instead of being an add-on or at worst an afterthought.
During his visit to Washington last week, China’s President Xi Jinping confirmed that the world’s largest greenhouse gas emitter, which has pledged to reduce its carbon intensity and reach a peak of overall emissions by 2030, will use a cap-and-trade market approach to help realize this.
China already has 7 pilot markets in cities and provinces in place that cover 1 billion tons of greenhouse gas emissions annually. Under the national scheme, now to go live in 2017, this could increase to 4 billion tons according to Chinese researchers - making it the world’s largest national emissions trading system.
It’s an exciting step and demonstration of China’s commitment to achieve its low carbon goals.
Many of my compatriots in Poland, where over 90 percent of power generation comes from burning coal, are concerned that the EU climate policy is a risky outlier.
They worry that the EU Emissions Trading System may expose domestic industry to unfair competitition and cause companies to move production to countries where emission costs are lower, something called “leakage”.
The two reports recently released by the World Bank may change this perception.
This week, the World Bank Group released the latest version of our annual State and Trends of Carbon Pricing report. It reports that today,
This represents the equivalent of about 7 billion tons of carbon dioxide, or 12 percent of annual global greenhouse gas emissions.
As world leaders come together at the UN General Assembly to adopt new sustainable development goals, climate change activists gear up for Climate Week in New York City and the Pope brings his message to the United Nations, a shared vision of our future is coming into clear focus.
If we are to eradicate poverty, we need to tackle climate change. And since 2008, the $8.1 billion Climate Investment Funds (CIF) has been showing it is possible for countries to pursue sustainable development in a way that does just that.
More than two decades ago, the world agreed on the need to confront climate change.
The U.N. Framework Convention on Climate Change (UNFCCC) emerged in 1992, spawning a variety of negotiating forums with the goal of preventing catastrophic impacts from planetary warming caused mostly by polluting societies.
It's easy to overlook the progress that has occurred since, because we still have so far to go. Droughts, flooding and cyclones that already seem to be the norm are just the latest warnings of what is coming, and preventing much worse requires immediate and aggressive action to drastically reduce greenhouse-gas emissions.
Sustainability writ large – in all its environmental, social and economic dimensions – has been the theme driving the global debate as the SDGs have taken shape. A comprehensive plan that prioritizes 17 objectives – with 169 indicators to measure their progress toward completion – the SDGs will frame the global agenda through 2030. The SDGs’ adoption – at a U.N. summit from September 25 to 27 – will be a pivotal checkpoint along this year’s complex pathway of diplomacy, which will culminate in Paris in December with a crucial conference on the greatest of all sustainability issues: climate change.
Optimism seems to be steadily increasing as diplomats continue to negotiate a global climate-change deal. The hope is for an ambitious agreement at the so-called COP 21 conference – the 21st gathering of the Conference of Parties in the climate-change negotiations. The question, however, is how ambitious that pact will be.
As Rachel Kyte – the World Bank Group Vice President and Special Envoy on Climate Change – pointed out in a start-of-September forum at the World Bank: “I think that everything is in place for a deal to be struck in Paris, a deal that is universal, that brings everybody in to the table. . . . So a universal deal, a universal framework . . . is possible. The question, I think, is how strong a deal it's going to be.”
As the clock ticks down to the deadline for a deal in Paris, Kyte (in conversation with Kalee Kreider of the United Nations Foundation) offered a detailed analysis of the intricacies surrounding the final stages of the negotiations: “The question, really, now is the level of ambition, the strength of that deal. And that's politics, not science. That's politics, not economics.”
- sustainable development goals
- climate change agreement
- greenhouse gas emissions
- climate finance
- Climate adaptation
- climate action
- Sustainable Development
- Climate Change
- Climate Change
- Law and Regulation
- Public Sector and Governance
- Private Sector Development
Traditional insurance is either unavailable or is very expensive in many developing countries, leaving small farmers particularly vulnerable.
A severe drought, a devastating earthquake or another weather disaster can wipe out small farmers. Such uncertainties also make them more risk averse and less likely to invest in their farms.