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April 2018

Strong measures: getting fiscal on climate change

Weijen Leow's picture
Opening plenary of the Africa Carbon Forum



Albert Einstein once said: “The only source of knowledge is experience.” For years I have wondered about this. Surely you can understand something without actually having done it. After all, mankind’s understanding of the vast universe is greater than what can be directly experienced, and some of it is derived from theoretical reasoning. I was on my way to the 2018 Africa Carbon Forum to share fiscal policy lessons under the CAPE program and the debate was still raging in my head when I arrived at the UN campus in Nairobi Kenya.

Finance ministers should step up efforts for climate action

Petteri Orpo's picture
Photo: Mariano Mantel/Flickr

By Petteri Orpo, Minister for Finance, Finland 

Climate change already has many negative impacts with wide-ranging effects. According to the International Monetary Fund (IMF), global warming is significantly slowing economic growth in African countries while the population is growing rapidly. Climate change increases poverty and conflicts, as well as migration pressure.

It’s time to act. In terms of scale, the solution to the climate crisis is an exceptional challenge in the history of humankind. Emissions must be reduced quickly in all sectors of the economy.

Charting a course for GHG emissions and the shipping sector

Dominik Englert's picture
Photo: © Dana Smillie / World Bank

When the International Maritime Organization (IMO) meets in London this week, the stakes are high. The IMO’s Marine Environment Protection Committee (MEPC) plans to adopt an initial greenhouse gas strategy, the first of its kind for the shipping sector whose annual CO2 emissions are slightly higher than the annual emissions of Germany. This means that the 72nd session of the MEPC (MEPC72) from April 9-13, 2018, will not only show how international maritime transport is going to deal with its increasing emissions trend but will provide insights into Paris Agreement implementation.