In our new briefing, Germanwatch and the sustainable finance think tank Climate & Company analyse the expected reporting and due diligence obligations in the financial sector across a number of key EU regulatory measures on sustainability. In particular, the briefing focuses on potential obligations resulting from the respective regulatory measures that may help to identify and minimise the risk of deforestation.
Germany’s G7 presidency is coming to an end, and the next Leader’s Summit in Hiroshima on May 19-21 is approaching fast. This means that there is little time left for the G7 to make tangible progress on the climate and energy agenda. In our policy brief, we outline the key issues for the G7's climate and energy agenda in Hiroshima and make recommendations on how Japan can advance the agenda in 2023.
Several countries are currently in the process of developing strategies for their future energy systems. These often include investments in green hydrogen. Especially for African countries with a great potential for renewable energies, reprocessing them into green hydrogen provides a promising opportunity. Co-authored with the Panafrican Climate Justice Alliance, our fact sheet provides an overview of the benefits and potential risks that the new sector offers to producing countries in Africa.
Seven years ago, Saúl Luciano Lliuya from the Andean city of Huaraz (Peru) went to a German civil court to hold Europe's largest greenhouse gas emitter - RWE - accountable. What began then is now a globally respected precedent on the question of whether major emitters must pay for protecting people from climate risks. Show him your support!
The “Fit for 55” package aims at reducing greenhouse gas emissions in the EU by at least 55% (compared to 1990) by 2030. It is currently being negotiated at EU level. In an open letter, Germanwatch, together with partner organisations from Germany and France, calls for coordinated cooperation between Paris and Berlin in the ongoing trilogue negotiations,
The EU Commission announced the successful conclusion of negotiations on a regulation for deforestation-free products. Companies will therefore soon have to prove that no forest is cleared for the production of certain agricultural goods and wood products. An important step – but the law also has weaknesses. Germanwatch presents an initial assessment.
The 17th meeting of the Executive Committee (ExCom) of the Warsaw International Mechanism on Loss and Damage (WIM) took place ahead of COP27, where countries then agreed to establish new financing arrangements and a fund for Loss and Damage.
At the ExCom meeting, among other things, the 5-year rolling work plan was adopted, reflections on the working methods of the ExCom were debated and the cooperation with the Subsidiary Body for Implementation in the context of the Glasgow Dialogue was discussed. This report focuses on the latter.
The multi-country projects and programmes financed by the Green Climate Fund (GCF) are of particular interest to African civil society organisations (CSOs) that, through their engagement with GCF processes and financed activities in their countries, have identified several concerns with their implementation.
Together with the Alliance for Corporate Transparency and a number of other NGOs and think tanks, Germanwatch has commented on the proposals of the European Financial Reporting Advisory Group (EFRAG) in a press release. Germanwatch welcomes the adoption of the EU Sustainability Reporting Standards (ESRS), which EFRAG submitted to the European Commission this week. Although the ambition of the standards remains limited in some areas, they represent a significant improvement for companies and users of sustainability information and address the biggest issues in the quality and reliability of corporate reporting. Please find the press release below:
A ‘race to the top’ or global crawl? Despite global climate negotiations at COP27 and the G20 inching far too slowly towards the financial transformations we need to tackle climate change, country-level progress is being made. A common framework would help track that progress.