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At COP28, the fund for losses and damages caused by the climate crisis must be empowered and adequately filled. In addition to the developed countries, emerging economies such as wealthy oil and gas states also must ensure that the fund is adequately filled. A tax on international shipping and contributions from the largest fossil fuel companies should also be implemented.
By Redaktion Table
The World Bank reforms agreed in Marrakech mark a milestone, says Rishikesh Bhandary, climate finance researcher at Boston University. Now it is a matter of putting them into practice. One particularly urgent task is to find a way to deal with the debt crisis.
By Alexandra Endres
The bloody conflict between Israel and Hamas also affects the COP28 climate conference in Dubai in six weeks. Besides security issues, new geopolitical tensions and rising gas and oil prices are a cause of concern for observers. There are even rumors that the conference will be canceled or postponed.
By Bernhard Pötter
At their annual meeting, the World Bank and the International Monetary Fund agreed on reforms for more climate action: New visions, easier lending, voluntary contributions from states and private individuals. But for the time being, the necessary capital and more say for developing and emerging countries are not forthcoming.
By Bernhard Pötter
Late Monday evening, the EU ministers defined their negotiating mandate for the UN climate conference in Dubai at the end of November. The role of CCS will be significantly restricted. However, the EU countries rejected a higher climate target (NDC).
By Lukas Knigge