COP27 saw two major outcomes on the finance front: the creation of a “Loss and Damage” fund and a call to reform international financial institutions. It made fewer, if any, advances to reduce emissions, and narrowly missed sending a global call to phase down oil and gas consumption. But funding the emissions reductions of developing and vulnerable nations was a gap that had to be filled, and so this is a big step forward, explains Lola Vallejo … [Read more...]
COP 27: an analysis of what gets prioritised and ignored at UN climate negotiations
Getting an issue on the agenda of a COP is essential for its chances of being dealt with properly. Jennifer Allan at Cardiff University and Rishikesh Ram Bhandary at Boston University, writing for Carbon Brief, have analysed 218 agendas, tracking 502 agenda sub-items, going back to the first COP in Berlin in 1995. Certain agendas stand out – Adaptation, Mitigation, Finance, Transparency, Technology, Capacity Building, Response Measures, … [Read more...]
“New Collective Quantified Goal”: how much should rich nations pay developing nations for climate mitigation?
Is the $100bn a year promised by rich nations to developing ones to assist their climate mitigation plans enough? Almost certainly not, explains Mahlet Eyassu Melkie at Rocky Mountain Institute. That number was pretty much plucked out of the air for political reasons. To come to an evidence-based number, a great deal of assessment, analysis and finally agreement is needed internationally. That process is called the New Collective Quantified Goal … [Read more...]
