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Briefing series on the reform of the international financial architecture #2

The current international scenario is characterised by a complex web of global crises. This situation is having a particularly negative impact on the countries of the Global South, which are facing considerable financial constraints that are hindering the implementation of the 2030 Agenda. In this context, the French Government is organising the Summit for a New Global Financing Pact on 22-23 June 2023, which aims to forge a new pact between Global North and Global South countries.

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The book ‘Shaping Digital Transformation for a Sustainable Society’ shows how society can become digitally sustainable. It contains 28 contributions from 68 authors hailing from civil society, research, and practical experience, discussing challenges of digitalisation and how digital politics can and must be designed for sustainabilty.
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This report provides an overview of the human rights protection system in Europe, focusing on climate change, before exploring the relationship between climate change impacts and human rights violations. It analyses
human rights-based climate litigation in Europe to date and focuses on specific cases brought or supported by European NGOs to illustrate the many ways in which human rights can be mobilised in court to advance climate action.

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A primer

The emerging polycrisis is challenging governments and institutions around the world. Especially countries in the Global South lack the financial capacity to address the current challenges and simultaneously prepare their nations for the impacts of climate change. The existing international financial architecture has so far been unable to provide the necessary financial resources.There are three major reform proposals that address different institutions within the international financial architecture. This primer introduces the proposals presented and provides an overview of the main institutions and actors involved in the process in Germany.

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Status quo and the way to go

European mining equipment manufacturers are cooperating with and supplying mining projects that are known for human rights abuses and environmental destruction. The lack of legislation requiring companies to address severe human rights and environmental risks in their downstream value chain makes this possible. This study highlights the need for downstream due diligence obligations in the mining equipment sector.

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Due diligence in downstream value chains

This case study of the Andina copper mine in Chile shows how European mining equipment manufacturers maintain close business relationships with the mine, despite the mining activities damaging the surrounding glaciers, massively increasing the water scarcity in the region and local protests against the expansion of the mine. We provide an example of how downstream due diligence obligations of European companies could have been exercised in this case. This is particularly relevant in this sector, where the business relationships between mining equipment manufacturers and their customers involve significant human rights and environmental risks.

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Accelerate the Climate Action in Europe
The LIFE TogetherFor1.5 project aims to align the EU’s climate action with the 1.5°C objective of the Paris Agreement. 13 national CSOs and CAN Europe (the leading climate NGO coalition in Europe) have been building on climate and energy policy revision opportunities, such as the finalisation of the ‘Fit for 55’ legislative package, national energy and climate plans (NECPs), and the revision of national long-term strategies.
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One of the three main goals of the Paris Agreement is to ‘make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development’, as stated in Article 2.1c. This long-term goal recognises that, complementary to an increase in finance that supports climate action, there needs to be redirection of finance, both public and private, that locks countries into a future of low emissions and higher resilience. Given that Article 2.1c has yet to be fully operationalised, this case study examines the progress towards implementing it in Germany. It is a first attempt to provide a comprehensive analysis framework for the implementation of Article 2.1c.

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Climate Transparency Report Title Page
Comparing G20 Climate Action towards Net Zero - The Highlights
The G20 countries have a special role to combat climate change - they are responsible for a majority of global emissions. This year’s Climate Transparency Report shows that G20 members are undermining climate efforts and fossil fuel production subsidies surge to highest levels ever in 2021.
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Outstanding scientific research is exploring tipping points’ development and dynamics. Lacking, however, is a systematic approach that translates scientific research into concrete recommendations. Also lacking are targeted calls for action for political decision-makers in affected countries and regions, as well as the international community. An early warning system in the form of a regular report could fill this gap.