Climate Change

The Paris Agreement sets out the ambitious task of aligning all financial flows with its goals to avoid the worst impacts of warming. Multilateral Development Banks (MDBs) have an important role to play in making this goal a reality. Their development mandates, technical expertise, and track record on climate finance mean that MDBs can lead the way by helping developing countries avoid fossil fuel-intensive development pathways, by developing the necessary standards and investment criteria to assess the alignment of investments with the Paris Agreement’s goals, and by helping to mobilise increased volumes of climate finance.

The outcome of the World Climate Conference (COP25) in Madrid, held 2 to 15 December 2019, clearly shows the strengths and weaknesses of the Paris Agreement. It shows that the days of cosmetic climate policy are over, but also that the coordinated resistance of the brakemen is growing as a result.

The Climate Change Performance Index (CCPI) presented today at the climate summit in Madrid reflects opposing trends in global climate action: Australia, Saudi Arabia and especially the USA give cause for great concern with their low to very low performance in emissions and renewable energy development as well as climate policy. With these three governments massively influenced by the coal and oil lobby, there are hardly any signs of serious climate policy in sight. On the other hand, global coal consumption is falling and the boom in renewable energy continues. In 31 of the 57 high emitting countries assessed, collectively responsible for 90 percent of emissions, falling emission trends are recorded.

Published annually since 2005, the Climate Change Performance Index (CCPI) is an independent monitoring tool for tracking the climate protection performance of 57 countries and the EU. It aims to enhance transparency in international climate politics and enables comparison of climate protection efforts and progress made by individual countries.

This brochure explains the background and methodology of the Climate Change Performance Index. compares 57 countries and the EU in the areas of Greenhouse Gas Emissions, Renewable Energies, Energy Use and Climate Policy, thus providing a comprehensive overview of the current efforts and progress of the countries analysed. Besides, it measures how well countries are on track to meet the global goals of the Paris Agreement by evaluating the current status and future targets of each category with reference to a well-below 2°C pathway.

Severe heat waves, drought and flooding: Extreme weather events are massive challenges especially for poor and vulnerable countries - but also high-income countries are threatened more and more by climate risks. The Global Climate Risk Index, published today by the environmental think tank Germanwatch, shows that in 2018 industrialized countries like Japan and Germany were hit hardest by heat waves and severe drought. The Philippines were hit by the most powerful typhoon recorded worldwide in 2018.

The Global Climate Risk Index 2020 analyses to what extent countries and regions have been affected by impacts of weather-related loss events (storms, floods, heat waves etc.). The most recent data available — for 2018 and from 1999 to 2018 — were taken into account. The countries and territories affected most in 2018 were Japan, the Philippines as well as Germany. For the period from 1999 to 2018 Puerto Rico, Myanmar and Haiti rank highest.

Under the motto "Time to act", the 25th Conference of the Parties (COP25) to the United Nations Framework Convention on Climate Change (UNFCCC) will take place from 2 to 13 December 2019 in Madrid, Spain, under Chile's presidency. After all, it is finally time for action in the logic of the UN negotiations. Following the decisions of the Paris Climate Agreement in 2015 and its implementation rules last year, nothing stands in the way of decisive action.

The G20 countries are responsible for around 80 % of global greenhouse gas emissions, and 85 % of global GDP. In the G20 countries, around 70 % of climate impacts could be avoided by limiting global warming to 1.5°C instead of 3°C. The G20 have a political responsibility as well as economic interest and capability to move the world towards a 1.5°C compatible pathway.

Carbon emissions from the world’s 20 biggest economies are rising. None of the G20 countries have plans that will put them on track to limit global warming to 1.5°C, despite the fact that most are technically capable and have economic incentives. To keep the Paris Agreement’s 1.5°C goal within reach, G20 countries will have to increase their 2030 emission targets by 2020 and significantly scale up mitigation, adaptation and finance over the next decade.