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NCE Update: August 2019
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Table of Contents

Momentum on Climate Action

In advance of the United Nations Climate Action Summit on 23rd September, United Nations Secretary-General António Guterres has called on all heads of state to aim for carbon neutrality by 2050 and challenged leaders to present plans to enhance their national climate commitments (or NDCs) by 2020 in line with the Paris Agreement goals.
 
Several countries have already announced plans to update their current climate plans or develop long-term strategies (LTS) on climate change by 2020, and it is expected that more will do so at the UN Climate Action Summit. India and France released a joint statement following a bilateral meeting at the G7 between President Narendra Modi and President Emmanuel Macron. The nations have committed to developing their LTS for a low-greenhouse gas emission pathway. China issued a statement with France and United Nations Secretary General António Gueterres on the sidelines of the G20 summit committing to updating its nationally determined contributions (NDC). Denmark pledged to introduce binding decarbonisation goals and strengthen its 2030 target to reduce emissions by 70% below 1990 levels, from a 40% reduction target.
 
Efforts are underway now to replenish the Green Climate Facility (GCF). UK Prime Minister Boris Johnson announced at the G7 Summit that the UK will double its contribution to the Green Climate Fund to US$1.76 billion. Also at the Summit, Canadian Prime Minister Justin Trudeau pledged to contribute US$226 million to GCF. These announcements follow Norway and Germany which were the initial countries to announce contributions to GCF at the end of last year.
 
The 45th G7 summit took place in Biarritz, France on 24-26 August. The discussions included a session on climate change, and the Chair’s Summary on Climate, Biodiversity, and Oceans noted that the G7 leaders discussed the importance of promoting sustainable economic growth, sharing prosperity, and ensuring equal access to low-emission, reliable energy in line with the nation’s climate goals. The G7 pledged US$20 million to support efforts to combat the fires in the Amazon.
 
OECD Secretary-General and Global Commissioner Angel Gurría delivered his 4th biennial speech on climate change on 3 July, where he called for governments to harness the mobilisation of young generations and growing public concern to raise ambition on climate policies. Gurría emphasised the importance of climate finance, citing recent OECD estimates that public climate finance from developed to developing countries increased 44% from 2013 to 2017. He proposed focused action on three fronts: people-centered climate policy, environmental justice within and between nations, and long-term plans in the interest of future generations.
 
The European Investment Bank (EIB) proposed an end to it’s funding of fossil fuel projects by the end of 2020, in alignment with Paris Agreement targets. If approved by the EIB Board in September, the bank will cut support for energy infrastructure projects reliant on oil, gas, or coal. The EIB also plans to set up an energy transitions fund to support EU member states transition to a cleaner economy. NCE co-chair Nicholas Stern responded to the proposal, commending this movement towards investment in innovative, 21st century projects.
The World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) released a report, titled “Lifelines: The Resilient Infrastructure Opportunity”, on resilient infrastructure opportunities for building resilience and adaptation, especially in low- and middle-income countries. The report estimates found that there could be a US$42 trillion net benefit of investing in resilient infrastructure in low- and middle-income countries, with US$4 in benefits for each US$1 invested. Without investment in resilience infrastructure, the wider cost on households and firms in similar countries would continue to be US$391-$647 billion annually.

Good Reading: News, Commentary and Research


The International Panel on Climate Change (IPCC) released a special report on food and land use. The report finds that the current demands placed on the planet’s land are unsustainable and discusses the broad approach needed to halt the damage. The report stresses the importance of land management and agriculture in mitigating and adapting to climate change. The report finds that the largest potential for reducing emissions from the land sector is from curbing deforestation and forest degradation, with a range of 0.4-5.8 GtCO2-eq annually. NCE Commissioner Naina Lal Kidwai authored an op-ed on the imperative of national climate plans to pave the way for inclusive growth in line with a 1.5°C world ahead of 2020, before it’s too late. Kidwai cites recent research that shows hard-to-abate sectors can be decarbonized for less than 1% of global GDP and increased efficiency alone could reduce energy consumption by 10% to 20%. Friends of Europe released a report on opening up dialogue for the challenges to accelerate the transition to a low-carbon future and increase policy coherence. Helen Mountford authored a chapter on EU leadership in carbon pricing and renewable energy policies. Director of the Energy Transitions Commission Faustine Delasalle and NCE Communications Specialist Delger Erdenesanaa authored a blog post on the importance and feasibility of decarbonising heavy transport in order to reduce emissions and save money. The World Bank-led Indonesian Wealth Accounting and the Valuation of Ecosystem Services (I-WAVES) hosted an event in Jakarta in collaboration with the Indonesian Ministry of National Development Planning (BAPPENAS), the Central Bureau of Statistics (BPS), and the Indonesian Ministry of Finance. The event marked the completion of six reports, including an updated edition of the Low Carbon Development Initiative (LCDI) Report, which was led by BAPPENAS in collaboration with NCE.

Looking forward to Climate Week


As September’s Climate Week approaches, organizations are preparing to launch several reports that will make the case for raising collective climate ambition:
  • The Coalition for Urban Transitions will be launching its Global Report in New York City on 22 September. The launch event will be preceded by a digital launch of the report on 19 September. The report’s findings will give national governments the confidence to commit to more ambitious climate action and achieve the 2030 Sustainable Development Goals by transforming cities worldwide.
  • The Food and Land Use Coalition (FOLU) will be holding the digital launch of its flagship report on 16 September. The report will propose a reform agenda, specifying ten critical transitions, to deliver necessary change in food and land use systems. FOLU will join the World Economic Forum and others in New York City on 22 September to raise collective ambition to drive the food and land use transformation and deliver on the Sustainable Development Goals and Paris Agreement climate targets.
  •  The Global Commission on Adaptation (GCA) will release its inaugural report on 10 September that will make the case for adaptation and put forward an action agenda for a more resilient world. The report will address why accelerating adaptation is essential, what new actions need to be taken, and how parties can work together. The report launch will take place with GCA Commissioners and other partners in a series of activities around the globe. On 23 September, the Commission champions will gather in New York City for a public event to share the report and kick off the Year of Action.
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От: Vanya Walker-Leigh via CAN-Comms <can-...@climateaction.network>
Date: сб, 31 авг. 2019 г. в 10:47
Subject: [CAN Comms] Fw: New Climate Economy Newsletter: August 2019
 
Sent: Monday, September 02, 2019 11:22 AM
Subject: [can-eecca] Fwd: [CAN Comms] Fw: New Climate Economy Newsletter: August 2019


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