Climate Change
News
‘Green recovery’ from COVID-19 pushed at CEO summit
Business leaders pushed for a ‘greener’ economic recovery from the COVID-19 pandemic as they warned about the impact of the climate crisis is an “even greater emergency.”
90% of global farm subsidies damage people and planet, says UN
Almost 90% of the $540bn in global subsidies given to farmers every year are “harmful”, a startling UN report has found. This agricultural support damages people’s health, fuels the climate crisis, destroys nature and drives inequality by excluding smallholder farmers, many of whom are women, according to the UN agencies.
Thousands of scientists, academics call for fossil fuel ‘non-proliferation treaty’
More than two thousand leading scientists and academics have called on world leaders to commit to a new fossil fuel ‘non-proliferation treaty’, committing to urgently phase out the use of coal, gas and oil in response to the emerging threats posed by climate change.
Reports
G-20 Member Countries Support Fossil Fuels at Levels Untenable to Achieve Paris Agreement Goals (BloombergNEF, Bloomberg Philanthropies)
BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries have given more than $3.3 trillion in subsidies for coal, oil, gas, and fossil-fuel power from 2015-2019.
Financing an inclusive circular economy: De-risking investments for circular business models and the SDGs (Chatham House)
Circular economy activities aim to reduce overconsumption, design-out waste and restore and regenerate ecosystems and natural capital. However, new financial instruments and investments are needed to support the growth of these business models and innovations at scale.
Política Fiscal y Cambio Climático: Experiencias Recientes de los Ministerios de Finanzas de América Latina y el Caribe (IDB)
Finance and planning ministries play a central role in promoting fiscal policies that generate more and better jobs with the transition to green economies. Adequate fiscal planning would help the decarbonization of the region’s economies create 15 million net new jobs by 2030.
Policy Briefs
Review of approaches to tracking climate expenditure (Institute for European Environmental Policy)
This report by the Institute for European Environmental Policy provides an analytical review of existing practices to track climate-related expenditure, identifying a range of areas where current tracking systems differ in their practical application and the possible reasons for those differences.
Halve Humanity’s Footprint On Nature To Safeguard Our Future (WWF)
Humanity is leaving a large imprint on the world we all live in. This is what we call our footprint on nature. In the last
Fiscal policies for a low-carbon economy
Research on climate economics finds that green bonds can accelerate a low-carbon transition, may have a positive impact on aggregate output and employment, help to advance renewable energy technology, address better the issue of fair transition, and be a stabilizing force on the financial market compared to conventional, in particular fossil fuel-based, assets.
