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Climate
The current Covid-19 crisis has a firm grip on all of us. In response to the economic consequences, states are mobilising financial resources on an unprecedented scale. But to what extent are economic support programmes compatible with our climate goals? Is climate protection now losing momentum in the wake of short-term support? One thing is certain: current investments play a decisive role as to the development of our emissions in the coming years.
The current edition of "Development in Brief" explains how, against this background, the "Green Recovery" approach can be seen as both a historical opportunity and an imperative.
Green recovery –a historic opportunity and a necessary methodology (PDF, 139 KB, non-accessible)
The Paris Agreement took effect on 4 November 2016 with ratification by 115 countries, which are responsible for over 55% of greenhouse gas emissions worldwide.
Energy efficiency is one of our most underestimated resources. The International Energy Agency (IEA) goes even further, describing it as our most important source of energy ("the world‘s first fuel"). And its potential is far from being exhausted. Well over half of the primary energy used around the world is lost during the production, transportation and consumption process. These losses, which are unnecessary in many cases, provide a huge opportunity for saving energy and using it more effectively. This is particularly but not only true for the emerging and developing countries. A backlog of investment, outdated technology and practices when dealing with energy resources and a lack of expertise offer significant potential to improve efficiency. In light of the growing overall demand for energy, energy efficiency must therefore play a much bigger role than it has before, particularly in the poorer regions of the world. That‘s because this is a crucial factor for making the supply of energy more affordable and more reliable, and - last but not least - protecting the climate.
Sitting at the intersection of environment and development, the question of how to address climate change is increasingly being framed as a problem requiring transformational solutions. This paper assesses the opportunity of financing transformational change for climate change mitigation as a practical question of development finance.
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Climate finance is one crucial issue and is needed to support mitigation and adaptation in developing countries and emerging economies. EU Blending Facilities are instruments set up by the European Commission. They describe facilities that have the possibility of blending and cover a specific region.
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This paper was drafted to describe a proposal of a technical methodology to track the impact public financial interventions have in mobilizing private capital to ad-dress climate change.
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This paper explores the viability of emission intensity thresholds in enhancing the consistency of individual investment decisions with global climate targets expressed as CO2 emission budgets. It compares historic global emission intensity levels of investments to levels consistent with climate targets and to current levels typical for selected technologies and sectors.
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