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At the UN Climate Change Conference in Marrakech in 2001 (COP7), the international community agreed to establish a climate adaptation fund, which was then launched in 2007. The Adaptation Fund celebrated its tenth anniversary at the 2017 Climate Change Conference (COP23), which was held in Bonn under the Fijian presidency – a good time to reflect on past successes and future developments.
While the ongoing Fijian COP23 in Bonn and the coalition negotiations in Berlin capture media and public attention, Germany quietly released a self-review of their own fossil fuel subsidies as part of the G20 peer review process. The G20 fossil fuel subsidy review, pioneered in 2016 by US and China, is currently the only concrete step to make progress on the group's pledge from the 2009 summit in Pittsburgh to phase-out “inefficient fossil fuel subsidies that increase wasteful consumption”.
Russia, the world’s third largest oil producer, is caught between two futures: diversify its fossil fuel based economy in response to changing energy markets and the end of the raw super cycle, or to restore Russian positions in fossil energy markets. While Russian leadership is torn on the subject, the future of the 1.5 degree goal hinges on the direction the nation will take.
Climate policy in Turkey is shaped by the country’s fossil-fuel based energy strategy, while domestic demand for more ambitious climate action is weak. Current energy market dynamics and joint G20 strategies to align markets with the Paris Agreement might, however, provide impetus for change. Turkey displays similar traits with other emerging economies: Above the global average GDP growth rate, increase in energy demand and GHG emissions, and a yet-to-decouple correlation among these three indicators. Yet, there are discrepancies as well.
Germanwatch-Blogger:innen
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Senior Advisor – Low-Carbon Strategies & Energy, Project Lead Climate IndicesReal name
Head of Division – German and European Climate PolicyReal name
Senior Advisor – Climate Finance and InvestmentsReal name
Policy Advisor – Development Banks and ClimateReal name
Senior Advisor – Climate Finance and AdaptationReal name
Head of Division – Corporate AccountabilityReal name
Senior Advisor – Agricultural Policy and World Trade | Project Leader – Climate-Friendly AgricultureReal name
Head of Division – Education for Sustainable Development, Promoter for Climate & Development in North Rhine-WestphaliaReal name
Head of Division – International Climate PolicyReal name
Senior Advisor – Climate and Development – IndiaReal name
Senior Advisor – Climate and Transport