Germanwatch-Blog

In the upcoming week, the 13th meeting of the WIM ExCom will take place (April 27-30 2021). One very important issue to discuss will be – among other issues – the work of the Expert Groups as they play a major role in carrying out the activities of the ExComs workplan. Especially the work on Action and Support, Slow-onset Events and Non-economic Losses will be discussed and concrete steps for developing the respective workplans with concrete activities will have to be decided upon. The meeting will take place in a virtual format and even over one year in the COVID-19-pandemic this setting still poses some substantive challenges to the discussions and inclusiveness as well the involvement of observers.

The COVID-19 pandemic has advanced into the biggest global health crisis in recent human history and exacerbated existing challenges for developing countries. Nonetheless, poorer nations are still showing remarkable commitment to dealing with the climate crisis. As the pandemic continues, developing countries are increasingly reaching their limits. Additional international climate finance post-2020 is needed to respond to the climate, health, and debt crises, after developed countries already failed to deliver on the USD 100 billion. At the upcoming US Climate Leaders Summit and the Petersberg Climate Dialogue, developed countries need to step up their game on international climate finance. The blog presents clear asks for Germany!

Development banks not only provide finance directly to specific projects, they also channel funds to financial intermediaries in developing and emerging economies. Development banks have committed to align themselves with the Paris Agreement. While they have made (some) progress with establishing Paris lending criteria for their direct lending activities – clear rules and guidance for how to align “intermediated lending” with the Paris Agreement remains a gap. This Blog provides a rational for Paris alignment of MDBs’ intermediated lending and proposes a phased approach that development finance institutions can follow to fulfil their commitments.

For a year and a half, representatives from the real economy, the financial sector, academia and civil society fought hard to reach an agreement on how Germany could become a prime hub for sustainable finance . On February 25, the final report of the German government's Sustainable Finance Advisory Council (SFB) was published, with ambitious recommendations on how to make the financial market more sustainable: Shifting the Trillions - A Sustainable Financial System to facilitate the Great Transformation. It is now the government's turn to translate the recommendations into an effective strategy and initiate the first legislative changes before the end of this legislative term.

The European Commission is focusing on hydrogen from renewable electricity, to accelerate the decarbonization of the various sectors and to achieve climate neutrality in 2050. What does this mean for the future of energy imports from Russia, currently the largest supplier of natural gas to the European Union? A chance, the authors of this background article find, and elaborate on challenges and first steps on how to leverage this opportunity.

Against the background of the social, economic and political COVID-19 effects on India, all business-as-usual scenarios for economic development and emission trends of Indian and resilient society building are outdated. There is both the possibility of an accelerated structural change to renewable energy, away from fossil fuels and combustion engines and the danger of a massive rebound effect for the emissions path. The same width of possibilities exists between society-wide resilience building and intensified inequality.
The question of what India's recovery strategy - and international support - will look like will create central path dependencies. Especially now, in the new challenge of the Corona crisis, India needs reliable and strong partners such as Germany and the EU to enter into more sustainable pathway through the recovery packages. Strategies for green and resilient recovery and NDC implementation and increase go hand in hand.

As of 2019, in addition to ensuring food security, agriculture has contributed 15.9% to the Indian GDP and employed 42.3% of its population. Despite its high reliance on monsoons, agriculture continues to be the largest provider of livelihoods in rural India. India is among the top three producers of wheat, pulses, cotton, rice, fruits, vegetables and peanuts in the world. This translates to about USD 38.5 billion worth of agricultural and processed foods export to over 200 countries – making up for 12.6% of Indian exports.

Against the background of the social, economic and political COVID-19 effects on India, all business-as-usual scenarios for economic development and emission trends of Indian and resilient society building are outdated. There is both the possibility of an accelerated structural change to renewable energy, away from fossil fuels and combustion engines and the danger of a massive rebound effect for the emissions path. The same width of possibilities exists between society-wide resilience building and intensified inequality.

Against the background of the social, economic and political COVID-19 effects on India, all business-as-usual scenarios for economic development and emission trends of Indian and resilient society building are outdated. There is both the possibility of an accelerated structural change to renewable energy, away from fossil fuels and combustion engines and the danger of a massive rebound effect for the emissions path. The same width of possibilities exists between society-wide resilience building and intensified inequality.

Against the background of the social, economic and political COVID-19 effects on India, all business-as-usual scenarios for economic development and emission trends of Indian and resilient society building are outdated. There is both the possibility of an accelerated structural change to renewable energy, away from fossil fuels and combustion engines and the danger of a massive rebound effect for the emissions path. The same width of possibilities exists between society-wide resilience building and intensified inequality.