Next steps for the Energy Charter Treaty?

Since October 2022, seven EU member states have announced plans to withdraw from the Energy Charter Treaty (ECT). Across the board, the message is clear: the insufficient and potentially climate-damaging treaty reform effort is no longer a politically viable option, write Christina Eckes, Lea Main-Klingst and Lukas Schaugg. Christina Eckes is a professor of European … Continue reading Next steps for the Energy Charter Treaty?

The World Bank’s new mission is expected to “emphasize the importance of sustainability and resilience to reflect more clearly that our mission includes global public goods (GPGs), such as climate change”

A draft document suggests the bank will broaden its “twin goals” of boosting prosperity and ending extreme poverty to encompass climate action. Joe Lo writes on the Climate Change News website about the draft new mission.   World Bank moots stronger strategic focus on climate action The World Bank is considering making climate action more … Continue reading The World Bank’s new mission is expected to “emphasize the importance of sustainability and resilience to reflect more clearly that our mission includes global public goods (GPGs), such as climate change”

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

Preparing for COP28: The Emirates are seeking international clout as the Gulf’s most proactive nation on climate action

The Gulf oil and gas exporter is going big on renewable energy investment and food security, while expanding hydrocarbon production. Chloé Farand reviews the plans of the UAE host of COP28 in an article on the Climate Change News website.   UAE plans to have it both ways as Cop28 climate summit host If there … Continue reading Preparing for COP28: The Emirates are seeking international clout as the Gulf’s most proactive nation on climate action

Hope is not lost: 2022 was an historic year for international climate policy

A lot of the reports out of COP27 in Egypt reflect failure of the international community to make any progress to raise the ambition needed to stay on the path to limit global warming to 1.5℃. Katherine Lake, Research Associate at the Centre for Resources, Energy and Environmental Law at the University of Melbourne takes … Continue reading Hope is not lost: 2022 was an historic year for international climate policy

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

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

New report on overhauling investment governance for a just zero-carbon future

The Columbia Center on Sustainable Investment (CCSI) recently released a briefing titled “International Investment Governance and Achieving a Just Zero-Carbon Future,” available in both English and French. The briefing discusses how the current international investment regime is hostile to states’ ability to address the climate crisis and will deter, delay or water down states’ climate-related … Continue reading New report on overhauling investment governance for a just zero-carbon future

France’s largest bank under pressure to stop financing the development of fossil fuels

NGOs which previously took the French government to court have taken steps towards a lawsuit against the bank, the world's leading financer of oil and gas majors. Stéphane Mandard discusses latest developments in an article on the English section of the Le Monde website.   BNP Paribas warned to stop financing fossil fuels and 'climate … Continue reading France’s largest bank under pressure to stop financing the development of fossil fuels