Author: THINKTEAM Support

AFDB Pushes to Channel SDRs for Climate Finance

The AfDB is looking to rechannel SDRs to African countries to free up fiscal space to spend on climate, but progress is slow. The bank is now looking for five developed countries to come forward with pledges
  • Climate Finance

Republic of Congo Calls for REDD+ Credits to be More Accessible

Sovereign Credits present a difficult trade-off between integrity but also being fit for purpose for African countries. Republic of Congo’s Minister of Environment, is calling for the procedures to be revisited.
  • Climate Finance

EU Deforestation Rules to Affect Côte d’Ivoire and Ghana

A landmark EU deforestation law stands to significantly affect coco exports from Côte d’Ivoire and Ghana
  • Trade

Who Will Pay? Wheels start to turn within the ICJ and Loss and Damage Transitional Committee

Both the ICJ and the Loss and Damage Transitional Committee will have to answer who will pay for climate change loss and damage.
  • Loss And Damage

IPCC Debates Echo Developing/Developed Country Divide in UNFCCC Negotiations.

The IPCC, recently published their final synthesis report from their sixth assessment cycle, with debates coalescing around typical north/south divides.
  • COP28

IMF and World Bank Kick Off Spring Meetings with Climate in Focus

The World Bank and IMF spring meetings are likely to deal with climate change through the Evolution Roadmap, letting the bank lend more money, and capital adequacy frameworks.
  • Climate Finance

Guterres Calls for Developed Countries to Adopt 2040 Net Zero Targets

UN Secretary General António Guterres has called on developed countries to reach net zero as close as possible to 2040, and for emerging economies to do so by 2050.
  • COP28, NetZero and the Just Transition

DG at the WTO Announces Intention To Pursue Carbon Pricing Mechanism Framework in response to CBAM

A WTO Director-General, has reportedly sent an unapproved proposal to members on the development of a global carbon pricing framework in the context of the CBAM.
  • Trade

EU to Push for Phaseout of Fossil Fuels Again

This year, the EU is going in strong, setting out its position early on regarding the need for a phaseout of all fossil fuels and related subsidies in a decision text by the Council of the European Union. It supports a global phase-out of unabated fossil fuels (including coal, oil and gas) with a near term peak but recognising a transitional role for natural gas. That’s a lot of words and conditions for a phaseout.
  • COP28

Transitional Loss and Damage Fund Committee Finally Established

The Loss and Damage transitional committee tasked with operationalising the new fund has finally been established. They will make recommendations on the design of the fund and in doing so will have to deal with contentious debates around who contributes, who benefits and where the fund will sit within the broader regime.
  • Loss And Damage