Author: THINKTEAM Support

The Paris Summit for a New Global Financial Pact: Our Takeaways

Having aimed low the Paris Summit for a New Global Financial Pact is difficult to criticise, but if it is to be meaningful, inputs from African countries relating to debt, and the undertakings made by and reforms proposed to global financial institutions including in relation to SDRs and the World Bank, need to be fully implemented.
  • Climate Finance

Nigeria and Angola Initiate Moves Away from Fuel Subsidies

Nigerian President Bola Tinubu has announced the removal of a 50 year long petrol subsidy, a move which may incentivise renewable energy technologies in an economy heavily reliant on diesel generators. Angola recently made a similar announcement. But will it stick as given past experience and as domestic fuel costs rise?
  • NetZero and the Just Transition

Developing Countries list their demands as Bonn Climate Intersessionals Kick Off

Opening statements made by developing countries at the Bonn climate talks this year, evidence a resolve to advance long standing agendas around adaptation, finance and equity, and to position trade and loss and damage as central to the agenda.
  • COP28

African Countries Move to Regulate Domestic Carbon Markets and Claim Revenue

A Kenyan county governor has made a bold move to revoke existing carbon credit contracts, similar to what happened in Zimbabwe a few weeks ago. The statements follow a push to develop more domestic regulations and guidelines to govern carbon credit activity on the continent.
  • Article 6

WTO Review of EU Trade Policies highlights significant unease about CBAM

The EU’s CBAM and its other green policies came under fire during the EU’s 15th Trade Policy Review at the WTO. China said it would unfairly penalise developing countries, and Russia complained it would fundamentally challenge the structure of global goods flows and the state of competition.
  • Trade

Where are we on the Loss and Damage Fund?

Slow but important progress on the design elements of a loss and damage fund is being made. Developing country positions are unified and clear, however we still need agreement on where the fund will sit, what it funds, who contributes and who benefits.
  • COP28, Loss And Damage

Kenya to join Global Climate Club. Quo Vadis the Glasgow Mitigation Work Programme?

Kenya intends to join a Climate Club that aims to enhance mitigation ambition through trade cooperation and possibly industrial sector targets. What does this mean for the Mitigation Work Programme?
  • COP28, Trade

Zimbabwe to Seeking to Take Over its Carbon Credit Market

Zimbabwe plans to nullify existing carbon credit agreements and to claim 50% title to carbon credit revenue from offset projects, with foreign investors limited to 30%
  • Article 6

Petersberg Climate Dialogues: Building a COP28 Roadmap for Adaptation

COP28 preparations discuss a possible Roadmap that would address adaptation planning, risk management, and policy frameworks, but no reference yet to next steps for the Global Goal on Adaptation
  • Adaptation, COP28

India and China Want “Multiple Energy Pathways” While Germany Wants Renewables Targets

Consensus on fossil fuel phaseout looks more remote as India and China want to see language around “multiple energy pathways”, whilst Germany devotes its energy to renewables targets.
  • COP28