#parisclimateagreement — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #parisclimateagreement, aggregated by home.social.
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UN climate body presses on after US quits, while China leads with renewables https://www.byteseu.com/1980036/ #AmericanGeophysicalUnion #astana #CentralAsian #China #Climate #ClimateChange #ClimateScience #DonaldTrump #GlobalWarming #Hangzhou #IntergovernmentalPanelOnClimateChange #IPCC #Kazakhstan #ParisAgreement #ParisClimateAgreement #RegionalEcologicalSummit #un #UNClimateBody #UnitedNations #UnitedNationsEnvironmentProgramme #US #WorldMeteorologicalOrganization
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https://www.europesays.com/ie/437327/ Fossil fuels face higher taxes than electricity under looming bill – POLITICO #AssetManagement #Austria #ClimateChange #EconomicGovernance #EconomicPerformance #Éire #EnergyEfficiency #EnergyInfrastructure #Environment #Germany #GreenEconomy #GreenRecoveryPlan #growth #IE #inflation #Investment #Ireland #Italy #Markets #ParisClimateAgreement #portugal #RenewableEnergy #Science #Spain #Sustainability #SustainableFinance #tax #UrsulaVonDerLeyen #WarInIran
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https://www.europesays.com/dk/34900/ Forget owning Greenland — the real danger is its melting ice #ArcticOcean #Boston #CoastalCommunities #DonaldTrump #Greenland #GreenlandIceSheet #Miami #NewYork #ParisClimateAgreement #SeaLevelRise #UpperLimitProject
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UN approves first carbon credit to Myanmar woodstove project
The United Nations announced Thursday the approval of the first carbon credits under a global market aimed at…
#NewsBeep #News #Environment #carbonemissions #Climate #environment #Parisclimateagreement #Science #TheBrightSide #UK #UnitedKingdom
https://www.newsbeep.com/uk/449739/ -
UN approves first carbon credit to Myanmar woodstove project
The United Nations announced Thursday the approval of the first carbon credits under a global market aimed at…
#NewsBeep #News #Environment #carbonemissions #Climate #environment #Parisclimateagreement #Science #TheBrightSide #UK #UnitedKingdom
https://www.newsbeep.com/uk/449739/ -
https://www.europesays.com/ie/360174/ UN approves first carbon credit to Myanmar woodstove project #CarbonEmissions #climate #Éire #Environment #IE #Ireland #ParisClimateAgreement #Science #TheBrightSide
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Just like anti - #science trend in #Argentina
https://www.theguardian.com/us-news/2026/jan/27/trump-withdraws-paris-climate-agreement?CMP=Share_AndroidApp_Other
My take here
https://nkozphoto.com/index.php/2024/11/23/cop29-and-emerging-buenos-aires-mar-a-lago-climate-denial-alliance/ #Climate #climatechange #milei #trump #parisclimateagreement #parisclimateaccord -
‘Abdication’: Trump formally takes US out of Paris climate agreement for a second time https://www.theguardian.com/us-news/2026/jan/27/trump-withdraws-paris-climate-agreement #TrumpAdministration #ParisClimateAgreement #Environment #UsNews #UsPolitics #ClimateCrisis #GreenhouseGasEmissions #FossilFuels
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‘Abdication’: Trump formally takes US out of Paris climate agreement for a second time https://www.theguardian.com/us-news/2026/jan/27/trump-withdraws-paris-climate-agreement #TrumpAdministration #ParisClimateAgreement #Environment #UsNews #UsPolitics #ClimateCrisis #GreenhouseGasEmissions #FossilFuels
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Human activity helped make 2025 third-hottest year on record, experts say https://www.theguardian.com/environment/2026/jan/14/human-activity-helped-make-2025-third-hottest-year-on-record-experts-say #ClimateCrisis #GreenhouseGasEmissions #ExtremeHeat #Environment #WorldNews #ParisClimateAgreement
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Human activity helped make 2025 third-hottest year on record, experts say https://www.theguardian.com/environment/2026/jan/14/human-activity-helped-make-2025-third-hottest-year-on-record-experts-say #ClimateCrisis #GreenhouseGasEmissions #ExtremeHeat #Environment #WorldNews #ParisClimateAgreement
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‘A shift no country can ignore’: where global emissions stand, 10 years after the Paris climate agreement https://www.theguardian.com/environment/2025/dec/13/a-shift-no-country-can-ignore-where-global-emissions-stand-10-years-after-the-paris-climate-agreement #Greenhousegasemissions #Parisclimateagreement #Globaldevelopment #Renewableenergy #Climatecrisis #Environment #DonaldTrump #Fossilfuels #EdMiliband #Energy #China #India #Cop26 #Cop30 #Coal
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First Thing: Indiana Republicans reject effort to redraw voting maps in rebuke to Trump https://www.theguardian.com/us-news/2025/dec/12/first-thing-indiana-republicans-reject-effort-to-redraw-voting-maps-in-rebuke-to-trump #Parisclimateagreement #NicolásMaduro #DonaldTrump #Venezuela #Indiana #USnews
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The Paris climate treaty changed the world. Here’s how | Rebecca Solnit https://www.theguardian.com/commentisfree/2025/dec/12/paris-climate-treaty-anniversary #COP21:Parisclimatechangeconference2015 #Parisclimateagreement #Renewableenergy #Climatecrisis #Environment #Worldnews #Energy
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COP30 Ended With a Watered-Down Agreement That Doesn’t Even Mention Fossil Fuels
Two attendees of the UN climate summit break down the final deal and discuss the few positive outcomes. -
Leaked Coalition talking points direct MPs to argue dumping net zero does not conflict with Paris agreement https://www.theguardian.com/australia-news/2025/nov/20/leaked-coalition-talking-points-mps-argue-dumping-net-zero-doesnt-conflict-paris-agreement #Greenhousegasemissions #Parisclimateagreement #Australianpolitics #Climatecrisis #Australianews #Nationalparty #Liberalparty #Environment #Coalition
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Leaked Coalition talking points direct MPs to argue dumping net zero does not conflict with Paris agreement https://www.theguardian.com/australia-news/2025/nov/20/leaked-coalition-talking-points-mps-argue-dumping-net-zero-doesnt-conflict-paris-agreement #Greenhousegasemissions #Parisclimateagreement #Australianpolitics #Climatecrisis #Australianews #Nationalparty #Liberalparty #Environment #Coalition
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Australia’s failed bid to host Cop31 looks like a mess – but it might actually be the best result possible | Adam Morton https://www.theguardian.com/environment/2025/nov/20/australia-cop31-failed-host-bid-outcome-chris-bowen-climate #Greenhousegasemissions #Parisclimateagreement #Australianpolitics #Australianews #Climatecrisis #Environment #Cop31
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The conservative parties can change their leaders – but it won’t stop the NSW Coalition’s death spiral | Anne Davies https://www.theguardian.com/australia-news/2025/nov/18/the-conservative-parties-can-change-their-leaders-but-it-wont-stop-the-nsw-coalitions-death-spiral #Greenhousegasemissions #NewSouthWalespolitics #Parisclimateagreement #Australianews #Climatecrisis #Environment
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The Guardian view on Cop30: someone has to pay for the end of the oil and gas age | Editorial https://www.theguardian.com/commentisfree/2025/nov/14/the-guardian-view-on-cop30-someone-has-to-pay-for-the-end-of-the-oil-and-gas-age #Greenhousegasemissions #Parisclimateagreement #Oilandgascompanies #Climatecrisis #Environment #DonaldTrump #Commodities #Fossilfuels #Cop30 #Oil #Oil
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Q&A: what are the main issues at Cop30 and why do they matter? https://www.theguardian.com/environment/2025/nov/10/cop30-what-are-the-main-issues-and-why-do-they-matter #Parisclimateagreement #Climatefinance #Climatecrisis #UnitedNations #Deforestation #Worldnews #Brazil #Cop30
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Counting down to zero: the final warning from a climate diplomat – podcast https://www.theguardian.com/news/audio/2025/nov/10/counting-down-to-zero-the-final-warning-from-a-climate-diplomat-podcast #COP21:Parisclimatechangeconference2015 #Greenhousegasemissions #Parisclimateagreement #Globalclimatetalks #Climatecrisis #UnitedNations #Environment #Cop26
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Counting down to zero: the final warning from a climate diplomat – podcast https://www.theguardian.com/news/audio/2025/nov/10/counting-down-to-zero-the-final-warning-from-a-climate-diplomat-podcast #COP21:Parisclimatechangeconference2015 #Greenhousegasemissions #Parisclimateagreement #Globalclimatetalks #Climatecrisis #UnitedNations #Environment #Cop26
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Counting down to zero: the final warning from a climate diplomat – podcast https://www.theguardian.com/news/audio/2025/nov/10/counting-down-to-zero-the-final-warning-from-a-climate-diplomat-podcast #COP21:Parisclimatechangeconference2015 #Greenhousegasemissions #Parisclimateagreement #Globalclimatetalks #Climatecrisis #UnitedNations #Environment #Cop26
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Counting down to zero: the final warning from a climate diplomat – podcast https://www.theguardian.com/news/audio/2025/nov/10/counting-down-to-zero-the-final-warning-from-a-climate-diplomat-podcast #COP21:Parisclimatechangeconference2015 #Greenhousegasemissions #Parisclimateagreement #Globalclimatetalks #Climatecrisis #UnitedNations #Environment #Cop26
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Confidential Western Australian government report warns gas exports risk slowing Asia’s move to clean energy https://www.theguardian.com/australia-news/2025/nov/06/confidential-western-australian-government-report-warns-gas-exports-risk-slowing-asias-move-to-clean-energy #Greenhousegasemissions #Parisclimateagreement #WesternAustralia #Climatecrisis #Australianews #AsiaPacific #Fossilfuels #Environment #Deloitte #Energy #Gas
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EU climate chief says US absence from COP30 is ‘watershed moment’ – POLITICO https://www.byteseu.com/1505387/ #Carbon #China #Coal #cop30 #DonaldTrump #emissions #Europe #GreenhouseGasEmissions #Markets #Mayors #ParisClimateAgreement #Pollution #Ports #shipping #UnitedStates #WopkeHoekstra
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https://www.europesays.com/uk/544060/ EU climate chief says US absence from COP30 is ‘watershed moment’ – POLITICO #Carbon #China #coal #COP30 #DonaldTrump #emissions #EU #Europe #European #GreenhouseGasEmissions #Markets #Mayors #ParisClimateAgreement #Pollution #Ports #Shipping #UnitedStates #WopkeHoekstra
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America’s super-rich are running down the planet’s safe climate spaces, says Oxfam https://www.theguardian.com/environment/2025/oct/29/americas-super-rich-running-down-planet-safe-climate-spaces-oxfam #Greenhousegasemissions #Parisclimateagreement #Carbonfootprints #Climatecrisis #Thesuper-rich #Environment #Fossilfuels #Inequality #Worldnews #UKnews #USnews #Oxfam #Cop30
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World’s climate plans fall drastically short of action needed, analysis shows https://www.theguardian.com/environment/2025/oct/28/worlds-climate-plans-fall-drastically-short-of-action-needed-analysis-shows #Greenhousegasemissions #Parisclimateagreement #Climatecrisis #EuropeanUnion #UnitedNations #Environment #Worldnews #UKnews #Europe #Cop30 #China
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The goal of the 2015 Paris Agreement was to keep global warming below the critical threshold of 1.5-degree above pre-industrial levels. How are we doing on that as Brazil prepares to host COP30 next month? Read more from France24:
#Science #ClimateChange #ParisClimateAgreement #COP30 #GlobalWarming
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Global use of coal hit record high in 2024 https://www.theguardian.com/environment/2025/oct/22/global-use-of-coal-hit-record-high-in-2024 #Greenhousegasemissions #Parisclimateagreement #Trumpadministration #Renewableenergy #Climatecrisis #Fossilfuels #Environment #Solarpower #Worldnews #Energy #USnews #India #Coal
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What you get in 2025 when you'd like to invest into an #ETF and pick #sustainability, support of the #ParisClimateAgreement goals, and #SocialResponsibility as filter criteria.
Just one example fund of many – #AI-obsessed burners of our planet, all over.
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#Earth’s #Climate Has Passed Its First Irreversible Tipping Point and Entered a ‘New Reality’
The second #GlobalTippingPointsReport warns that the world has crossed a key threshold as #ocean heat devastates warm-water #reefs.
The world is entering a "new reality" as global temperatures will inevitably overshoot the goal of staying within 1.5C of pre-industrial averages set by the #ParisClimateAgreement in 2015.
https://www.404media.co/earths-climate-has-passed-its-first-irreversible-tipping-point-and-entered-a-new-reality/
https://archive.ph/XvfPc -
Our world is hurtling into climate disaster and what do politicians give us? Oilfields and new runways | Bill McGuire https://www.theguardian.com/commentisfree/2025/sep/30/climate-disaster-oilfields-runways-pragmatism-emissions #Parisclimateagreement #Climatecrisis #Environment #Worldnews #Politics #Labour
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China’s plans to cut emission too weak to stave off global catastrophe, say experts https://www.theguardian.com/environment/2025/sep/24/chinas-plans-to-cut-emission-too-weak-to-stave-off-global-catastrophe-say-experts #Greenhousegasemissions #Parisclimateagreement #Climatecrisis #UnitedNations #XiJinping #Worldnews #China
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The Guardian view on the climate crisis: green energy is booming – but fossil fuels need to shrink too | Editorial https://www.theguardian.com/commentisfree/2025/sep/24/the-guardian-view-on-the-climate-crisis-green-energy-is-booming-but-fossil-fuels-need-to-shrink-too #Greenhousegasemissions #Parisclimateagreement #Renewableenergy #Climatecrisis #EuropeanUnion #Greeneconomy #Environment #DonaldTrump #AsiaPacific #Fossilfuels #USnews #Europe #Energy #China
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Vanuatu working toward UN vote aimed at fighting fossil fuel industry influence https://www.theguardian.com/world/2025/sep/24/vanuatu-climate-change-fossil-fuel-industry-influence #Internationalcourtofjustice #Parisclimateagreement #Pacificislands #Climatecrisis #Environment #Worldnews #Vanuatu
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https://www.europesays.com/uk/447448/ Europe’s climate clout melts away – POLITICO #AnthonyAlbanese #AntonioGuterres #Australia #China #ClimateChange #ClimateDiplomacy #Denmark #EmmanuelMacron #EU #Europe #European #France #Palau #ParisClimateAgreement #Poland #TeresaRibera #UnitedStates #UrsulaVonDerLeyen #WopkeHoekstra
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Counting down to zero: the final warning from a climate diplomat https://www.theguardian.com/environment/2025/aug/26/counting-down-to-zero-the-final-warning-from-a-climate-diplomat #COP21:Parisclimatechangeconference2015 #Parisclimateagreement #Climatecrisis #UnitedNations #Environment #Cop26
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"Indien macht bei der Energiewende Tempo"
"Die indische Regierung hat verkündet, dass nicht-fossile Energieträger nun 50 Prozent der installierten Stromerzeugungskapazität ausmachen. Damit erreicht das Land ein Ziel des Pariser Klimaabkommens früher."
"Indien, das bevölkerungsreichste Land der Erde, ist der drittgrößte Treibhausgas-Emittent der Welt, nach #China und den "USA."
"Man habe einen weiteren Meilenstein bei der Energiewende erreicht - fünf Jahre früher als es das Pariser Klimaabkommen festlegt."
"Von den aktuell installierten fast 485 Gigawatt Stromerzeugungskapazitäten des Landes entfielen im Juni 2025 gut 243 Gigawatt auf nicht-fossile Energieträger. Davon kommt der größte Anteil, nämlich etwa 185 Gigawatt, von Energiequellen wie Sonne oder Wind. Der Rest sind Wasserkraftprojekte (49 Gigawatt) und Atomenergie (8,8 Gigawatt)."
Quelle: https://www.tagesschau.de/wissen/klima/klimaziele-indien-100.html
#goodnews #gutenachricht #energiewende #erneurbare #Indien #strom #energytransition #parisclimateagreement #PariserKlimaabkommen
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How countries cheat their net zero carbon targets – video https://www.theguardian.com/environment/video/2025/mar/27/how-countries-their-net-zero-carbon-targets-video #Carboncaptureandstorage(CCS) #Greenhousegasemissions #Environmentalactivism #Parisclimateagreement #Carbonoffsetting #Treesandforests #Climatecrisis #Deforestation #Worldnews
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Denmark’s Minister of Climate, Energy and Utilities, in Houston for the annual CERAWeek conference, is pushing for a wider adoption of renewable energy as power demand surges in Texas and across the U.S.
#ClimateChange #EnergyEnvironment #Events #Houston #International #Local #National #News #CERAWeek #DenmarkMinisterOfClimate #EnergyAndUtilities #ParisClimateAgreement #RenewableEnergy #WindPower
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From the Bretton Woods Project: #Forests
"Finally, the [#WorldBank] ’s #forest policy and #WeakSafeguards on #ForestProtection have also been observed to infringe the rights of local communities and have failed to protect one of the planet’s most important ‘#CarbonSinks’ (see Observer Spring 2017). CSOs have called for the Bank to open up its Forest Notes – which are meant to guide the interface between its lending and forests – to consultation (see Observer Winter 2017-2018). CSOs have also been highly critical of one of the forest initiatives the Bank manages, the Forest Carbon Partnership Facility (FCPF), a climate investment fund that supports Reducing Emissions from Deforestation and Forest Degradation (REDD) projects. A March 2017 post in REDD Monitor called the FCPF, 'the most cost-inefficient tree-saving scheme ever,' owing to high administrative costs between fiscal years 2009-2015 absorbing 64 per cent of FCFP’s $55 million expenditure. More generally, the Bank’s overall approach to lending has undermined the protection of vital natural ecosystems in borrower countries. As noted by Bruce Rich in his influential 2013 book, Foreclosing the Future: The World Bank and the Politics of Environmental Destruction, 'When one examines the failures to conserve ecosystems, or to mitigate environmental impacts of development, one finds that failed governance at all levels is almost invariably at the root. …Many of [the Bank’s] problems are associated with a dysfunctional institutional culture in which the relentless pressure to move money out the door, even in violation of the Bank’s own policies and rules, often overrides all other considerations.'"
2017: World Bank policy lending undermines climate goals
"One of the main problems is the Bank’s refusal to adequately assess the social and environmental risks of their policy loans" - Harlem Mariño, Derechos, Ambiente y Recursos Naturales
6 April 2017
"A late January report by US-based NGO Bank Information Center (BIC), together with partners in Egypt, Indonesia, Mozambique and Peru, claimed that the Bank is undermining its climate commitments by supporting investment incentives for coal, gas and oil projects through its development policy financing (DPF) mechanism. DPF accounts for approximately a third of all Bank funding and provides resources for programmes of policy and institutional reforms that are agreed by the Bank and the borrowing government (see Update 82). The report argued that the Bank’s financing through DPF contradicts the internationally agreed and Bank-supported goal of limiting the global average temperature increase to 2°C, which according to the Intergovernmental Panel on Climate Change would require that at least two-thirds of existing fossil fuel reserves are left in the ground.
"BIC’s report looked at the Bank’s DPF measures in four countries: Egypt, Indonesia, Mozambique and Peru. It found that DPF introduced subsidies for coal in all countries, apart from Peru. For example, the report argued that Bank-supported subsidies for coal infrastructure have helped Indonesia become one of the world’s top coal exporters. It found some DPF support for renewable energy, but argued that the Bank could do more given that all countries examined have potential to develop renewable energy. For example, while Peru’s DPF provides subsidies to public-private partnerships to develop oil and gas infrastructure, it does not include plans for solar or wind power projects."
https://www.brettonwoodsproject.org/2017/04/world-bank-policy-lending-undermines-climate-goals/
#FCPF #REDD #Ecosystems #ProtectTheForests #EnvironmentalDestruction #ForestDegradation #Deforestation #EnvironmentalImpacts #Egypt #Indonesia #Mozambique #Peru #LeaveItInTheGround #Coal #BigOilAndGas #ExtractiveIndustries #Exploitation #EnvironmentalImpacts
#HumanRights #ParisAgreement
#ParisClimateAgreement #BigOilAndGas #CorporateColonialism #IMFLoanSharks #RenewablesNow -
From the Bretton Woods Project: #Forests
"Finally, the [#WorldBank] ’s #forest policy and #WeakSafeguards on #ForestProtection have also been observed to infringe the rights of local communities and have failed to protect one of the planet’s most important ‘#CarbonSinks’ (see Observer Spring 2017). CSOs have called for the Bank to open up its Forest Notes – which are meant to guide the interface between its lending and forests – to consultation (see Observer Winter 2017-2018). CSOs have also been highly critical of one of the forest initiatives the Bank manages, the Forest Carbon Partnership Facility (FCPF), a climate investment fund that supports Reducing Emissions from Deforestation and Forest Degradation (REDD) projects. A March 2017 post in REDD Monitor called the FCPF, 'the most cost-inefficient tree-saving scheme ever,' owing to high administrative costs between fiscal years 2009-2015 absorbing 64 per cent of FCFP’s $55 million expenditure. More generally, the Bank’s overall approach to lending has undermined the protection of vital natural ecosystems in borrower countries. As noted by Bruce Rich in his influential 2013 book, Foreclosing the Future: The World Bank and the Politics of Environmental Destruction, 'When one examines the failures to conserve ecosystems, or to mitigate environmental impacts of development, one finds that failed governance at all levels is almost invariably at the root. …Many of [the Bank’s] problems are associated with a dysfunctional institutional culture in which the relentless pressure to move money out the door, even in violation of the Bank’s own policies and rules, often overrides all other considerations.'"
2017: World Bank policy lending undermines climate goals
"One of the main problems is the Bank’s refusal to adequately assess the social and environmental risks of their policy loans" - Harlem Mariño, Derechos, Ambiente y Recursos Naturales
6 April 2017
"A late January report by US-based NGO Bank Information Center (BIC), together with partners in Egypt, Indonesia, Mozambique and Peru, claimed that the Bank is undermining its climate commitments by supporting investment incentives for coal, gas and oil projects through its development policy financing (DPF) mechanism. DPF accounts for approximately a third of all Bank funding and provides resources for programmes of policy and institutional reforms that are agreed by the Bank and the borrowing government (see Update 82). The report argued that the Bank’s financing through DPF contradicts the internationally agreed and Bank-supported goal of limiting the global average temperature increase to 2°C, which according to the Intergovernmental Panel on Climate Change would require that at least two-thirds of existing fossil fuel reserves are left in the ground.
"BIC’s report looked at the Bank’s DPF measures in four countries: Egypt, Indonesia, Mozambique and Peru. It found that DPF introduced subsidies for coal in all countries, apart from Peru. For example, the report argued that Bank-supported subsidies for coal infrastructure have helped Indonesia become one of the world’s top coal exporters. It found some DPF support for renewable energy, but argued that the Bank could do more given that all countries examined have potential to develop renewable energy. For example, while Peru’s DPF provides subsidies to public-private partnerships to develop oil and gas infrastructure, it does not include plans for solar or wind power projects."
https://www.brettonwoodsproject.org/2017/04/world-bank-policy-lending-undermines-climate-goals/
#FCPF #REDD #Ecosystems #ProtectTheForests #EnvironmentalDestruction #ForestDegradation #Deforestation #EnvironmentalImpacts #Egypt #Indonesia #Mozambique #Peru #LeaveItInTheGround #Coal #BigOilAndGas #ExtractiveIndustries #Exploitation #EnvironmentalImpacts
#HumanRights #ParisAgreement
#ParisClimateAgreement #BigOilAndGas #CorporateColonialism #IMFLoanSharks #RenewablesNow -
From the Bretton Woods Project: #Forests
"Finally, the [#WorldBank] ’s #forest policy and #WeakSafeguards on #ForestProtection have also been observed to infringe the rights of local communities and have failed to protect one of the planet’s most important ‘#CarbonSinks’ (see Observer Spring 2017). CSOs have called for the Bank to open up its Forest Notes – which are meant to guide the interface between its lending and forests – to consultation (see Observer Winter 2017-2018). CSOs have also been highly critical of one of the forest initiatives the Bank manages, the Forest Carbon Partnership Facility (FCPF), a climate investment fund that supports Reducing Emissions from Deforestation and Forest Degradation (REDD) projects. A March 2017 post in REDD Monitor called the FCPF, 'the most cost-inefficient tree-saving scheme ever,' owing to high administrative costs between fiscal years 2009-2015 absorbing 64 per cent of FCFP’s $55 million expenditure. More generally, the Bank’s overall approach to lending has undermined the protection of vital natural ecosystems in borrower countries. As noted by Bruce Rich in his influential 2013 book, Foreclosing the Future: The World Bank and the Politics of Environmental Destruction, 'When one examines the failures to conserve ecosystems, or to mitigate environmental impacts of development, one finds that failed governance at all levels is almost invariably at the root. …Many of [the Bank’s] problems are associated with a dysfunctional institutional culture in which the relentless pressure to move money out the door, even in violation of the Bank’s own policies and rules, often overrides all other considerations.'"
2017: World Bank policy lending undermines climate goals
"One of the main problems is the Bank’s refusal to adequately assess the social and environmental risks of their policy loans" - Harlem Mariño, Derechos, Ambiente y Recursos Naturales
6 April 2017
"A late January report by US-based NGO Bank Information Center (BIC), together with partners in Egypt, Indonesia, Mozambique and Peru, claimed that the Bank is undermining its climate commitments by supporting investment incentives for coal, gas and oil projects through its development policy financing (DPF) mechanism. DPF accounts for approximately a third of all Bank funding and provides resources for programmes of policy and institutional reforms that are agreed by the Bank and the borrowing government (see Update 82). The report argued that the Bank’s financing through DPF contradicts the internationally agreed and Bank-supported goal of limiting the global average temperature increase to 2°C, which according to the Intergovernmental Panel on Climate Change would require that at least two-thirds of existing fossil fuel reserves are left in the ground.
"BIC’s report looked at the Bank’s DPF measures in four countries: Egypt, Indonesia, Mozambique and Peru. It found that DPF introduced subsidies for coal in all countries, apart from Peru. For example, the report argued that Bank-supported subsidies for coal infrastructure have helped Indonesia become one of the world’s top coal exporters. It found some DPF support for renewable energy, but argued that the Bank could do more given that all countries examined have potential to develop renewable energy. For example, while Peru’s DPF provides subsidies to public-private partnerships to develop oil and gas infrastructure, it does not include plans for solar or wind power projects."
https://www.brettonwoodsproject.org/2017/04/world-bank-policy-lending-undermines-climate-goals/
#FCPF #REDD #Ecosystems #ProtectTheForests #EnvironmentalDestruction #ForestDegradation #Deforestation #EnvironmentalImpacts #Egypt #Indonesia #Mozambique #Peru #LeaveItInTheGround #Coal #BigOilAndGas #ExtractiveIndustries #Exploitation #EnvironmentalImpacts
#HumanRights #ParisAgreement
#ParisClimateAgreement #BigOilAndGas #CorporateColonialism #IMFLoanSharks #RenewablesNow -
From the Bretton Woods Project: #Forests
"Finally, the [#WorldBank] ’s #forest policy and #WeakSafeguards on #ForestProtection have also been observed to infringe the rights of local communities and have failed to protect one of the planet’s most important ‘#CarbonSinks’ (see Observer Spring 2017). CSOs have called for the Bank to open up its Forest Notes – which are meant to guide the interface between its lending and forests – to consultation (see Observer Winter 2017-2018). CSOs have also been highly critical of one of the forest initiatives the Bank manages, the Forest Carbon Partnership Facility (FCPF), a climate investment fund that supports Reducing Emissions from Deforestation and Forest Degradation (REDD) projects. A March 2017 post in REDD Monitor called the FCPF, 'the most cost-inefficient tree-saving scheme ever,' owing to high administrative costs between fiscal years 2009-2015 absorbing 64 per cent of FCFP’s $55 million expenditure. More generally, the Bank’s overall approach to lending has undermined the protection of vital natural ecosystems in borrower countries. As noted by Bruce Rich in his influential 2013 book, Foreclosing the Future: The World Bank and the Politics of Environmental Destruction, 'When one examines the failures to conserve ecosystems, or to mitigate environmental impacts of development, one finds that failed governance at all levels is almost invariably at the root. …Many of [the Bank’s] problems are associated with a dysfunctional institutional culture in which the relentless pressure to move money out the door, even in violation of the Bank’s own policies and rules, often overrides all other considerations.'"
2017: World Bank policy lending undermines climate goals
"One of the main problems is the Bank’s refusal to adequately assess the social and environmental risks of their policy loans" - Harlem Mariño, Derechos, Ambiente y Recursos Naturales
6 April 2017
"A late January report by US-based NGO Bank Information Center (BIC), together with partners in Egypt, Indonesia, Mozambique and Peru, claimed that the Bank is undermining its climate commitments by supporting investment incentives for coal, gas and oil projects through its development policy financing (DPF) mechanism. DPF accounts for approximately a third of all Bank funding and provides resources for programmes of policy and institutional reforms that are agreed by the Bank and the borrowing government (see Update 82). The report argued that the Bank’s financing through DPF contradicts the internationally agreed and Bank-supported goal of limiting the global average temperature increase to 2°C, which according to the Intergovernmental Panel on Climate Change would require that at least two-thirds of existing fossil fuel reserves are left in the ground.
"BIC’s report looked at the Bank’s DPF measures in four countries: Egypt, Indonesia, Mozambique and Peru. It found that DPF introduced subsidies for coal in all countries, apart from Peru. For example, the report argued that Bank-supported subsidies for coal infrastructure have helped Indonesia become one of the world’s top coal exporters. It found some DPF support for renewable energy, but argued that the Bank could do more given that all countries examined have potential to develop renewable energy. For example, while Peru’s DPF provides subsidies to public-private partnerships to develop oil and gas infrastructure, it does not include plans for solar or wind power projects."
https://www.brettonwoodsproject.org/2017/04/world-bank-policy-lending-undermines-climate-goals/
#FCPF #REDD #Ecosystems #ProtectTheForests #EnvironmentalDestruction #ForestDegradation #Deforestation #EnvironmentalImpacts #Egypt #Indonesia #Mozambique #Peru #LeaveItInTheGround #Coal #BigOilAndGas #ExtractiveIndustries #Exploitation #EnvironmentalImpacts
#HumanRights #ParisAgreement
#ParisClimateAgreement #BigOilAndGas #CorporateColonialism #IMFLoanSharks #RenewablesNow -
From the Bretton Woods Project: #Forests
"Finally, the [#WorldBank] ’s #forest policy and #WeakSafeguards on #ForestProtection have also been observed to infringe the rights of local communities and have failed to protect one of the planet’s most important ‘#CarbonSinks’ (see Observer Spring 2017). CSOs have called for the Bank to open up its Forest Notes – which are meant to guide the interface between its lending and forests – to consultation (see Observer Winter 2017-2018). CSOs have also been highly critical of one of the forest initiatives the Bank manages, the Forest Carbon Partnership Facility (FCPF), a climate investment fund that supports Reducing Emissions from Deforestation and Forest Degradation (REDD) projects. A March 2017 post in REDD Monitor called the FCPF, 'the most cost-inefficient tree-saving scheme ever,' owing to high administrative costs between fiscal years 2009-2015 absorbing 64 per cent of FCFP’s $55 million expenditure. More generally, the Bank’s overall approach to lending has undermined the protection of vital natural ecosystems in borrower countries. As noted by Bruce Rich in his influential 2013 book, Foreclosing the Future: The World Bank and the Politics of Environmental Destruction, 'When one examines the failures to conserve ecosystems, or to mitigate environmental impacts of development, one finds that failed governance at all levels is almost invariably at the root. …Many of [the Bank’s] problems are associated with a dysfunctional institutional culture in which the relentless pressure to move money out the door, even in violation of the Bank’s own policies and rules, often overrides all other considerations.'"
2017: World Bank policy lending undermines climate goals
"One of the main problems is the Bank’s refusal to adequately assess the social and environmental risks of their policy loans" - Harlem Mariño, Derechos, Ambiente y Recursos Naturales
6 April 2017
"A late January report by US-based NGO Bank Information Center (BIC), together with partners in Egypt, Indonesia, Mozambique and Peru, claimed that the Bank is undermining its climate commitments by supporting investment incentives for coal, gas and oil projects through its development policy financing (DPF) mechanism. DPF accounts for approximately a third of all Bank funding and provides resources for programmes of policy and institutional reforms that are agreed by the Bank and the borrowing government (see Update 82). The report argued that the Bank’s financing through DPF contradicts the internationally agreed and Bank-supported goal of limiting the global average temperature increase to 2°C, which according to the Intergovernmental Panel on Climate Change would require that at least two-thirds of existing fossil fuel reserves are left in the ground.
"BIC’s report looked at the Bank’s DPF measures in four countries: Egypt, Indonesia, Mozambique and Peru. It found that DPF introduced subsidies for coal in all countries, apart from Peru. For example, the report argued that Bank-supported subsidies for coal infrastructure have helped Indonesia become one of the world’s top coal exporters. It found some DPF support for renewable energy, but argued that the Bank could do more given that all countries examined have potential to develop renewable energy. For example, while Peru’s DPF provides subsidies to public-private partnerships to develop oil and gas infrastructure, it does not include plans for solar or wind power projects."
https://www.brettonwoodsproject.org/2017/04/world-bank-policy-lending-undermines-climate-goals/
#FCPF #REDD #Ecosystems #ProtectTheForests #EnvironmentalDestruction #ForestDegradation #Deforestation #EnvironmentalImpacts #Egypt #Indonesia #Mozambique #Peru #LeaveItInTheGround #Coal #BigOilAndGas #ExtractiveIndustries #Exploitation #EnvironmentalImpacts
#HumanRights #ParisAgreement
#ParisClimateAgreement #BigOilAndGas #CorporateColonialism #IMFLoanSharks #RenewablesNow -
From the Bretton Woods Project: Continued #FossilFuel investments
"In terms of its direct lending, the [#WorldBank] ’s investments in #FossilFuels have been criticised for undermining climate goals – with the Bank continuing to fund a considerable number of fossil fuel projects in the years after the Paris Climate Agreement was signed in 2015, which saw countries jointly commit to limit average global temperature rise to 'well below 2°C” relative to preindustrial levels. Despite the Bank’s recent climate commitments (see Observer Spring 2018), CSOs remain concerned that the Bank lacks a comprehensive approach to align its entire lending portfolio with the Paris Agreement. In addition to project finance for oil and gas infrastructure, there are other remaining types of Bank investments that are a cause for concern. The IFC now invests nearly 50 per cent of its portfolio in FI, and a lack of sub-project disclosure in these investments makes it difficult to assess the exposure of these investments to fossil fuels, including coal (see Governance above). However, CSO research has linked IFC FI investments to the construction of 19 new coal-fired power plants in the Philippines, while another report found IFC FI investments linked to 41 new coal plants between 2013 and 2016. While the IFC announced a new Green Equity Strategy in October 2018 that will require new FI clients to divest from coal over time, this policy will not affect past FI investments (see Observer Winter 2018).
"CSOs are also concerned that the World Bank has thus far not developed a framework to assess the climate impacts of its Development Policy Finance. CSO research has found that in some cases, these contain ‘prior actions’ that benefit the fossil fuel and extractive industries. Finally, the Bank’s Multilateral Investment Guarantee Agency (MIGA) has in recent years provided a number of guarantees that have backed fossil-fuel projects. According to CSO research, in FY16, MIGA did not support a single renewable energy project: '[its] guarantees to energy were worth $1.9 billion … of which $0.9 billion went to fossil fuel projects', with the rest going to projects such as hydropower dams, often with detrimental environmental and human rights impacts."
Report from #OilChangeInternational
Cross Purposes: After Paris, Multilateral Development Banks Still Funding Billions in Fossil Fuels
October 12, 2017
"A new report shows how multilateral development banks, including the World Bank, gave over $9 billion in funding for fossil fuel projects in 2016, nearly all of it following the Paris Agreement being reached and despite claims that they were acting on climate and adjusting their investment strategies."
https://www.oilchange.org/publications/development-banks-still-funding-fossils/
#HydropowerDams #EnvironmentalImpacts #HumanRights #ParisAgreement #ParisClimateAgreement #BigOilAndGas #CorporateColonialism #CoalFiredPlants #Phillipines #IFC_FI #MIGA #IMFLoanSharks
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Qantas and Virgin Australia put on notice over offsets following landmark decision on greenwashing https://www.theguardian.com/environment/2024/apr/02/climate-integrity-australia-dutch-court-klm-emissions-reductions-climate-claims-qantas-virgin #Greenhousegasemissions #Parisclimateagreement #Airlineemissions #Airlineindustry #Australianews #Environment #Business #Qantas