The EU’s new carbon market includes a reformed Emissions Trading System (ETS)

The European Union has negotiated its "biggest climate law" ever. With emitters forced to pay more, billions of euros are expected to go toward a climate social fund. Tim Schauenberg takes a closer look in an article on the Deutsche Welle website.   EU reforms Emissions Trading System: What you need to know The European … Continue reading The EU’s new carbon market includes a reformed Emissions Trading System (ETS)

How “loss and damage” was handled at COP27

Saleemul Huq, director of the International Centre for Climate Change and Development at the Independent University in Bangladesh and a friend of EiD has argued for many years that developing countries need serious support to address their own concerns because of climate change. One of the few positive outcomes of COP27 was the agreement to … Continue reading How “loss and damage” was handled at COP27

The latest EU state to leave the Energy Charter Treaty: Luxembourg

The Luxembourg government has decided to exit the Energy Charter Treaty (ECT), an international trade and investment agreement concluded in the early 1990s to protect investments in the energy sector, Luxembourg’s Minister of Energy and Spatial Planning, Claude Turmes, announced on Friday 18 November. Frédéric Simon discusses latest developments in an article on the Euractiv website.   … Continue reading The latest EU state to leave the Energy Charter Treaty: Luxembourg

Children and young people are a big part of COP27

Aoife Daly, Lecturer in Law at University College Cork writes on the Conversation website about how young people are playing an increasingly important role at the UN climate summit this year.   COP27: how young climate activists are changing international human rights law World leaders and climate scientists aren’t the only ones who have gathered … Continue reading Children and young people are a big part of COP27

While “loss and damage” is gaining more attention ahead of COP27, who’s going to pay?

Loss and damage has been at the heart of much media reporting about the upcoming Cop27 climate talks in Egypt in November. With many disasters recently, such as the flooding in Pakistan, the importance of loss and damage compensation gains attention. Isabella Kaminski writes on the Climate Change News about the challenges involved. She notes that … Continue reading While “loss and damage” is gaining more attention ahead of COP27, who’s going to pay?

“Debt-for-climate swaps” to help low- and middle-income countries lower their vulnerability

With carefully designed debt-for-climate swaps and support from international institutions, developing countries could expand their finance for desperately needed climate mitigation and adaptation actions and remove some of their heavy debt burden. Soyoung Oh, Junior Research Fellow, The Fletcher School at Tufts University discusses her views in an article on The Conversation website.   How … Continue reading “Debt-for-climate swaps” to help low- and middle-income countries lower their vulnerability

Twenty high risk countries threatening to halt debt payments

The countries want their collective $685 billion in debts forgiven so the money can be invested in climate projects. Lisa Friedman discusses latest developments in an article on The New York Times website.   20 Nations at High Risk From Global Warming Might Halt Debt Payments Twenty countries most vulnerable to climate change are considering … Continue reading Twenty high risk countries threatening to halt debt payments

World Bank criticised over climate crisis spending

Controversy follows the president of the World Bank, David Malpass. Last month, the former US vice-president Al Gore led calls for the president of the bank to resign after he avoided a journalist’s questions on climate science. Malpass, nominated for the position by the Trump administration, later apologised but his apparent climate denial followed years … Continue reading World Bank criticised over climate crisis spending

Accelerating SDG7 action

Sustainable Development Goal 7 is one of 17 Sustainable Development Goals established by the United Nations General Assembly in 2015. It aims to "Ensure access to affordable, reliable, sustainable and modern energy for all." It is important to look at the work that is underway through the UN High-level Dialogue on Energy to see what … Continue reading Accelerating SDG7 action

Where is the help? Damages to poor countries are expected to increase as the world heats up further

The world’s most vulnerable countries are preparing to take on the richest economies with a demand for urgent finance. This “loss and damage” issue gained momentum since COP26 in Glasgow last year. Fiona Harvey writes on The Guardian website howe vulnerable many countries are.   Vulnerable countries demand global tax to pay for climate-led loss … Continue reading Where is the help? Damages to poor countries are expected to increase as the world heats up further