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Begin New Search Topic Climate Change Publishing Institution Centre for International Governance Innovation

31. The End of the Beginning: Paris COP 2015

Author:
David Runnalls
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The Paris Conference of the Parties (COP) 2015 is designed to produce the next round of climate change action. There are reasons to believe that the chances for success at the multilateral level are better now that they were before, but even under the most optimistic scenarios, Paris will not be the end of the negotiations. The Paris summit will be crucial to maintaining the momentum that has been building in the private sector and civil society on the issue of climate change. COP 21 has generated an enormous amount of public interest. Civil society actions both before and during the Paris meeting promise to be on a grand scale. In addition, COP21 has excited action from a number of other levels of government not normally seen at these events. Leaders of the IMF, the World Bank and the OECD have all stated that climate change is the principal economic issue facing the world this century. There is a growing realization among the world's economic decision makers that the shift to a low-carbon economy is not only a necessity, but also may be less costly than we believe. The need to identify both public and private financing solutions is the greatest hurdle facing the Paris COP. CIGI's climate change research is tackling the issue of financing sustainable development, in addition to how agreements can be reached by smaller countries, how to address the problems of the delayed benefits from mitigation, ways that China can exercise leadership in this arena, and how the world's financial institutions can help mobilize climate finance from the private sector.
Topic:
Civil Society, Climate Change, Energy Policy, Environment, International Monetary Fund, World Bank, Regulation, Financial Markets, and Climate Finance
Political Geography:
Global Focus

32. Central Banks Can and Should Do Their Part in Funding Sustainability

Author:
Andrew Sheng
Publication Date:
06-2015
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
Central banks, when purchasing financial assets, should consider selecting assets that will promote sustainability, including climate change mitigation and adaptation. During the 2008 financial crisis, central banks deployed unconventional means to rescue failing banks and insulate economies from depression. Their asset purchases have had strong social impacts, but traditionally, central banks have not explicitly factored social objectives into their decisions or evaluated their impacts beyond the narrow monetary domain. Social impact investing is consistent with a central bank’s mandate to maintain price stability, but those not yet ready to move in this direction should at least incentivize bankers and asset managers to invest in, or lend to, climate mitigation activities and low-emission growth, as well as support a financial transaction tax.
Topic:
Climate Change, Energy Policy, Environment, Markets, Monetary Policy, and Financial Markets
Political Geography:
Global Focus

33. Climate Technology Partnerships: Form, Function and Impact

Author:
Arunabha Ghosh, Anupama VijayKumar, and Sudatta Ray
Publication Date:
10-2015
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
With halting progress in climate negotiations, there are growing calls for partnerships among self-selected pools of countries, in the expectation that they would facilitate consensus (among both developed and developing countries) and result in faster decision making. In critically examining such a claim, this paper asks: what kinds of partnerships could facilitate coordinated climate-related action across several countries? By focusing largely on technology partnerships (a key demand in climate negotiations), it examines characteristics of successful partnerships and the conditions under which they are created and sustained. While the motivations of existing partnerships are diverse, their functional scope has remained limited. A review of more than 30 initiatives reveals that very few had been designed to extend beyond sharing knowledge and some preliminary research and development activities. Even fewer had enlarged functional focus on actual transfer of equipment, joint production or extensive deployment mandates. The paper intensively analyzes the purpose, membership and governance of four partnerships. Drawing on their lessons, the paper identifies critical features — appropriate financing, leveraging capacity, flexible intellectual property rules and coordination across several institutions — which could become the foundation of new partnerships to deliver measurable action and possibly increase trust among negotiating parties.
Topic:
Climate Change, Development, Energy Policy, Science and Technology, Intellectual Property/Copyright, and Governance
Political Geography:
Global Focus

34. Submission to Ontario’s Climate Change Discussion Paper 2015

Author:
Oonagh Fitzgerald, Karima Bawa, David Estrin, Kent Howe, Dean MacDougall, Myra J. Tawfik, Basil Ugochukwu, and Bassem Awad
Publication Date:
04-2015
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The International Law Research Program (ILRP) of the Centre for International Governance Innovation (CIGI) congratulates the Province of Ontario’s Ministry of the Environment and Climate Change for launching a province-wide public consultation process — Ontario’s Climate Change Discussion Paper 2015 — in relation to an issue of global importance and urgency for Ontarians and Canadians alike, at a time when nations need to galvanize their subnationals, climate experts, civil society, business and industry to commit to intended nationally determined contributions (INDCs) to reduce carbon emissions and mitigate the effects of climate change. The CIGI ILRP is optimistic that through this provincial consultation process and implementation of the best ideas it generates, as well as through Ontario’s initiatives undertaken in collaboration with other provinces and foreign subnationals, Canadians will be able to prove to the world our commitment to make a meaningful contribution to achieving an ambitious, verifiable and enforceable international agreement on climate change in December 2015 in Paris. By proactively addressing climate change now, the Government of Ontario positions this province, its citizens, universities and businesses to be innovators for sustainable prosperity rather than victims of global environmental and economic crisis.
Topic:
Civil Society, Climate Change, Economics, Energy Policy, Environment, Markets, and Natural Resources
Political Geography:
Canada

35. The 2015 Survey of Progress in International Economic Governance

Author:
Domenico Lombardi and Kelsey Shanty
Publication Date:
11-2015
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
The annual CIGI Survey of Progress in International Economic Governance assesses progress in five areas of international economic governance: macroeconomic and financial cooperation; cooperation on financial regulation; cooperation on development; cooperation on trade; and cooperation on climate change. In this year’s survey, 31 CIGI experts conclude that international economic arrangements continue to show a level of “status quo,” averaging a score of 50% across all five areas. The 2015 survey indicates a slight improvement to the result of last year’s survey, which suggested a minimal regression overall. The experts’ assessment of progress was most promising in the area of climate change cooperation, with an average score of 57%, whereas the least promising area was macroeconomic and financial cooperation, with a score of 44%, indicating minimal regression. The remaining three areas polled all fell within the “status quo” range, with trade at 46%, development at 48% and international cooperation on financial regulation at 53%. Interestingly, in the area of cooperation on development, CIGI’s experts provided a relatively mixed assessment. Responses varied based on experts’ perception of the effectiveness of current rhetoric, from 70% (indicating some progress) to 10% (suggesting major regression). Compared to last year, climate change governance has made the greatest improvement, but the remaining three areas (with the exception of development, which was not included in the 2014 survey) have all, on average, regressed further or remained stagnant. This trend is cause for concern.
Topic:
Climate Change, Development, International Political Economy, International Trade and Finance, and Financial Crisis
Political Geography:
Global Focus

36. Canada's Coming Property Insurance Crisis

Publication Date:
03-2015
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
In many areas across Canada, climate change will erode the conditions necessary for property insurance to remain available and affordable. This policy brief looks at the challenges facing the insurance system and presents policy recommendations aimed at sustaining and maximizing the insurance system and its benefits.
Topic:
Climate Change
Political Geography:
Canada

37. Institutional Arrangements for Climate Finance

Author:
David Runnalls, Jessica Boyle, and Dave Sawyer
Publication Date:
03-2014
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The most recent report of the Intergovernmental Panel on Climate Change(IPCC) is unequivocal about the magnitude of the challenge posed by man-made climate change. If the world is to avoid exceeding the 2°C average increase in temperature agreed by governments in Copenhagen as the maximum safe level, it needs to move quickly to facilitate the transition to a lower-carbon economy.
Topic:
Climate Change, Economics, International Cooperation, and Governance
Political Geography:
United Nations

38. African Climate Change Negotiators Need a New Strategy

Author:
Barry Carin
Publication Date:
07-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
There is currently little prospect of a successful international agreement resulting in effective, legally binding emission targets and significant "new and additional finance transfers" to developing countries; however, there is room for Africa to formulate an effective strategy in climate change negotiations. A bit player in climate change negotiations, with little leverage over the major emitting countries, Africa is wasting time with its current strategy of pursuing elusive emission targets and illusory financing. Africa can bring creative ideas to the negotiating table to reduce global emissions and enlarge "the size of the pie" for all parties. A strategic "carrot and stick" approach can make a positive contribution to an eventual international climate agreement and maximize Africa's portion of the expanded pie.
Topic:
Climate Change, Energy Policy, Environment, and Regional Cooperation
Political Geography:
Africa

39. Infrastructure and Sustainable Development Goals in the BRICS-Led New Development Bank

Author:
Kathryn Hochstetler
Publication Date:
07-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
The BRICS countries held their annual meeting in Fortaleza, Brazil on July 15-17, 2014. While there, they formally launched their NDB, answering some of the many lingering questions about its function (BRICS 2014). The Shanghai based bank will have at least US$50 billion in initial capital, making it a significant new entrant into the sphere of global development finance. India will hold its first rotating presidency, but all five of the countries have particular roles to play. The lengthy presidential declaration gave little new information about the kinds of projects that will receive funding; however, simply repeating earlier statements that it will finance infrastructure and sustainable development projects. This policy brief examines how the NDB is likely to approach those two policy objectives, and notes a potential clash of these goals. There is already abundant evidence on this issue in the 2013 agreements and in the current financing patterns of the various national development banks of the BRICS member countries.
Topic:
International Relations, Climate Change, Development, and Environment

40. The 2014 Survey of Progress in International Economic Governance

Author:
Domenico Lombardi, Barry Carin, and David Kempthorne
Publication Date:
11-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
The annual CIGI Survey of Progress in International Economic Governance assesses progress in four dimensions of international economic governance: macroeconomic and financial cooperation; cooperation on financial regulation; cooperation on trade; and cooperation on climate change. Governance related to these dimensions is scored on the following progress scale: 0%-19% represents "major regression"; 20%-39% represents "some regression"; 40%-59% indicates "minimal progress"; 60%-79% characterizes progress; and 80%-100% represents "major progress." Recognizing the difficulty of making objective judgments given the complexity of the issues, the results are offered as a range of subjective opinions from CIGI experts with diverse backgrounds.
Topic:
Climate Change, Economics, International Cooperation, International Trade and Finance, and Governance
Political Geography:
United States and Europe