Understanding the Main Elements for an Operational Definition of Climate Finance
By Luis Fernando Rosales Lozada
An operational definition of climate finance could contribute to facilitating access of developing countries to needed public and private financial resources to support them on climate action required to face the climate crisis and its impacts. The climate finance definition adopted by the UNFCCC Standing Committee on Finance in 2014 aimed to clarify the goals of climate finance, but it has not solved the main questions about climate finance. Although agreeing on an operational definition of climate finance in the multilateral negotiations may facilitate the flows of climate finance, achieving an outcome still faces some obstacles.
It is urgent for developing countries’ government officials and delegations to be aware of the different elements that need to be considered to achieve an appropriate definition. This policy brief analyses the different elements to be considered in the negotiation of an operational definition of climate finance, that can be effective in promoting developing countries’ interests in the context of the current international framework to address climate change.
Statement during the Interactive dialogue with the Special Rapporteur on the right to development
The South Centre, as an intergovernmental organization composed by developing countries, welcomes the Report prepared by the Special Rapporteur on the Right to Development considering Climate Action at the National Level. Read our statement below.
Spotlight: Asia-Pacific and the Implementation of the Beijing Platform for Action
Regional Round-up on progress in implementing the Beijing Platform for Action in light of the upcoming 25th anniversary of the platform. Spotlight: Asia-Pacific
By withdrawing the United States from the Paris Agreement, President Donald Trump abdicated not only leadership but membership of the community of nations cooperating to tackle climate change, the most serious crisis facing humanity. (more…)
Global climate policy in an uncertain state of flux
By Martin Khor
Global climate change policy is in a state of flux, with all other countries waiting for the United States to decide whether to leave or remain in the Paris Agreement. That treaty, adopted by 195 countries with great fanfare in December 2015 and came into force in November 2016, symbolizes the efforts of governments to cooperate to avert disastrous global warming that threatens human survival. (more…)
The climate change conference in Paris had a grand start last week, with high profile speeches from host French President Francois Hollande, American President Barack Obama, Britain’s Prince Charles and many other leaders. Immediately after the opening, the negotiators got down to work and they have not stopped. They realised that their task, to produce the Paris agreement on climate action after 2020, is all-important, whatever good rhetoric the political leaders may come up with. At the half-way mark of the two-week conference, there is no certainty that a final deal can be reached. The conference, known as COP21 (21st Conference of the Parties of the United Nations Framework Convention on Climate Change), is scheduled to end this Friday but could stretch till Saturday or even Sunday. (more…)
The rich world must take greater responsibility for climate change
By Narendra Modi
In the next few days in Paris, the world will decide the fate of our planet. I hope the climate conference that begins there today will produce an agreement that restores the balance between ecology and economy — between our inheritance and our obligation to the future. The conference will also, I hope, reflect a collective global commitment balancing responsibilities and capabilities on one hand with aspirations and needs on the other. It should recognise that, while some face a choice between lifestyles and technologies, others stand between deprivation and hope. (more…)
Two new Chinese funds totalling US$ 5.1 billion to help developing countries tackle climate change and development problems could be a game changer in South-South cooperation and international relations. China gave a big boost to South-South cooperation when its President, Xi Jinping, made two unprecedented mega pledges totalling US$5.1 billion to assist other developing countries, during his visit to the United States in September. (more…)
