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Begin New Search Topic Conference of the Parties (COP) Political Geography Global Focus

11. Addressing Loss and Damage through the Mosaic: A Simulation from the Delta Republic

Author:
Michael Franczak and Michael Weisberg
Publication Date:
10-2023
Content Type:
Policy Brief
Institution:
International Peace Institute (IPI)
Abstract:
The 2023 UN Climate Change Conference (COP28) takes place amid change and contestation in the global political economy. High prices for food and fuel are still a problem, particularly for countries that are net importers of both. Sovereign debt also remains a challenge due to rising borrowing costs and inaction from major creditors. Meanwhile, the adverse impacts of climate change are rising in scale and intensity and falling disproportionately on the countries least equipped to address them. In this context, parties to the 2022 Climate Change Conference (COP27) agreed to establish new funding arrangements for addressing loss and damage, including a new Loss and Damage Fund (LDF). The proposal for a fund and funding arrangements coordinated by a Loss and Damage Impact Council presents an opportunity to assemble the mosaic of solutions imagined at COP27. The problem is that we still lack a clear and shared picture of what it means to fully address loss and damage: what needs doing, who needs to do it, and how and when it needs to be done. This paper is an attempt to imagine a well-functioning and coordinated system—a mosaic—with functions, institutions, and results that deliver stability in the face of adverse climate change impacts. First, the paper presents the scenario of the fictional Delta Republic, which is suffering a slow-onset crisis compounded by repeated extreme events. It then identifies elements of an ambitious but practical response from the system we have, including actions, modalities, actors, and timing. The paper identifies gaps in the response and obstacles to the actions envisaged in the scenario, including but not limited to finance and financial arrangements. In its conclusion, the paper uses insights gained through the scenario to propose: (1) the purpose of the funding arrangements for extreme and slow-onset events, (2) an initial list of members for a Loss and Damage Impact Council, and (3) potential actions and interventions for the Loss and Damage Fund. Finally, the paper emphasizes the critical nature of a country- or demand-driven approach to the support provided by the LDF, including the use of accredited entities for implementation.
Topic:
Climate Change, Political Economy, Simulation, Loss and Damage (L&D), and Conference of the Parties (COP)
Political Geography:
Global Focus

12. The Global Stocktake at COP28: Ensuring a Successful Outcome

Author:
Masooma Rahmaty and Gabriela Bonina
Publication Date:
11-2023
Content Type:
Policy Brief
Institution:
International Peace Institute (IPI)
Abstract:
COP28 marks a pivotal point in the global response to the climate crisis, where countries will have the first opportunity to review and take stock of the Paris Agreement through the Global Stocktake (GST). This presents an opportunity to accelerate climate action and close the gaps needed to keep global warming below 1.5°C. To ensure a successful political outcome from the GST, the parties at COP28 could focus on the following: Keep 1.5°C alive through commitments in nationally determined contributions: Governments, especially major emitters and future major emitters, need to commit to ambitious measures to reduce greenhouse-gas emissions. The GST outcome should provide specific guidance and actionable suggestions to countries as they prepare to submit their new or updated NDCs in 2025. Phase out fossil-fuel production: Parties should agree to call for a sustained and widespread phase-out of fossil-fuel production, including the elimination of subsidies for domestic and foreign fossil-fuel extraction. The goal should be to achieve net-zero carbon emissions as close as possible to 2040 (for developed countries) and 2050 (for emerging economies). An ambitious GST outcome would also include individual and collective commitments to triple global capacity for renewable energy by 2030. Price emissions: Parties should go beyond making pledges and develop mechanisms and frameworks that incentivize action. Carbon pricing is one such mechanism. A global carbon-pricing floor should differentiate between developed and developing countries, and the price should be set based on the markets rather than on a distinction between high and low emitters. Implementing a global carbon-pricing strategy could foster cooperation between developed and developing countries to safeguard the planet’s climate. Improve the quality and quantity of climate finance: Getting countries out of debt, especially those vulnerable to climate impacts, should be a priority. Donor countries can also explore innovative strategies for utilizing the International Monetary Fund’s special drawing rights to provide grants instead of putting countries more in debt. Bridgetown 2.0 highlights a path toward reforming the global financial system to better serve developing countries through currency exchange guarantees, disaster clauses for debt deals, and reforms to multilateral development banks to increase lending. Capitalize the Loss and Damage Fund: Now that countries have agreed to establish the Loss and Damage Fund, they should make pledges and pursue innovative finance, including taxes and levies on shipping, air travel, financial transactions, and fossil fuel extraction.
Topic:
Climate Change, Climate Finance, Fossil Fuels, Carbon Emissions, Paris Agreement, and Conference of the Parties (COP)
Political Geography:
Global Focus

13. Refining the Global Goal on Adaptation ahead of COP28

Author:
Anna Cabre, Olivia Fielding, and Michael Weisberg
Publication Date:
11-2023
Content Type:
Working Paper
Institution:
International Peace Institute (IPI)
Abstract:
As the 2023 UN Climate Change Conference (COP28) approaches, it is increasingly crucial to understand and develop clear actions for not only mitigation but also adaptation. While mitigation has the clear numerical target of limiting warming to 1.5°C above preindustrial levels, adaptation is a complex concept that cannot be captured in a single figure. Ahead of COP28, there is a need for conceptual clarity as to what exactly the Global Goal on Adaptation (GGA) aims to achieve and how it can be globally applicable when adaptation is so often locally implemented. One way to clarify the GGA is to adopt well-being as the ultimate outcome toward which countries should be working. Well-being is a state where one can pursue one’s goals and thrive. This requires having adequate physical health, water, food, and a healthy environment, even as the impacts of climate change worsen. Adaptation actions that further this goal should be assessed by their effects on present and future human and environmental well-being. Whenever possible, these actions should be both transboundary, reaching across national borders and administrative or jurisdictional boundaries, and transformational, addressing the systemic root causes of climate impacts and working toward a more stable, flexible, and equitable future. This policy paper lays out the various climate risks that affect each of the four pillars of the GGA: human health, water security, food security, and biodiversity. It then details adaptation actions that can be taken in response to these risks, as well as indicators for improvement. While each step of the adaptation policy cycle should be robust and well-funded, these four pillars are the areas where progress is most crucial to achieving the GGA. When crafting a framework for transformational adaptation in these four areas, negotiators and technical experts can draw on existing, agreed-upon frameworks and indicators that point the world toward the goal of well-being for people and planet.
Topic:
Climate Change, Health, Water, Food Security, Adaptation, Conference of the Parties (COP), and Mitigation
Political Geography:
Global Focus

14. Global incentive mechanism to protect standing forests

Author:
Igarapé Institute
Publication Date:
12-2023
Content Type:
Special Report
Institution:
Igarapé Institute
Abstract:
The planet’s future hinges on safeguarding the remaining tropical forests. These forests, crucial for reducing global temperature by at least 1°C, are home for two-thirds of global biodiversity and absorb 29% of the world’s annual CO2 emissions. In this Global Futures Bulletin, we present a global incentive mechanism designed to enhance, not just replace, carbon markets, and to more effectively compensate those committed to conserving forest. The core concept involves a simple and intuitive set of new incentives, enticing individuals, organizations, or nations to cease deforestation in return for yearly payments per hectare of preserved forest. Funding would come from multiple sources, including combined funding mechanisms from philanthropies, bilateral and multilateral funds, and institutional investors. This mechanism aims to cover the opportunity cost of the immediate land-use benefits from forest degradation, such as livestock farming and monoculture agriculture. Nations that possess these vital ecosystems should be at the forefront of this movement. Brazil, with 59% of its territory covered by forests and set to host COP30 in 2025, is poised to be a key player in developing a global financial framework that secures a sustainable future for the planet and its people.
Topic:
Climate Change, Climate Finance, Carbon Emissions, Forest, Biodiversity, and Conference of the Parties (COP)
Political Geography:
Global Focus

15. Operationalization of the Santiago Network on Loss and Damage: Road to COP 27

Author:
Hafiz Khan, S. M. Saify Iqbal, Fahad Hossain, and Saleemul Huq
Publication Date:
06-2022
Content Type:
Policy Brief
Institution:
International Centre for Climate Change and Development (ICCCAD)
Abstract:
The Santiago Network on Loss and Damage (SNLD) was established at COP25/CMA2, “as part of the Warsaw International Mechanism,…for averting, minimizing and addressing loss and damage associated with the adverse effects of climate change, to catalyse the technical assistance of relevant organizations, bodies, networks and experts, for the implementation of relevant approaches at the local, national and regional level, in developing countries that are particularly vulnerable to the adverse effects of climate change” . At COP26/CMA3, Parties agreed to the six functions of SNLD. Furthermore, at COP26, Parties agreed to continue working to design effective institutional arrangements, operational modalities, and financial arrangements for SNLD to deliver its functions efficiently through subsequent SB negotiations, with a decision to be made at COP27/CMA4 in 2022.
Topic:
Climate Change, International Cooperation, and Conference of the Parties (COP)
Political Geography:
Global Focus