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1.
The Nationally Determined Contributions (NDCs) submitted under the Paris Agreement propose a country’s contribution to global mitigation efforts and domestic adaptation initiatives. This paper provides a systematic analysis of NDCs submitted by South Asian nations, in order to assess how far their commitments might deliver meaningful contributions to the global 2°C target and to sustainable broad-based adaptation benefits. Though agriculture-related emissions are prominent in emission profiles of South Asian countries, their emission reduction commitments are less likely to include agriculture, partly because of a concern over food security. We find that income-enhancing mitigation technologies that do not jeopardize food security may significantly augment the region’s mitigation potential. In the case of adaptation, analysis shows that the greatest effort will be directed towards protecting the cornerstones of the ‘green revolution’ for ensuring food security. Development of efficient and climate-resilient agricultural value chains and integrated farming bodies will be important to ensuring adaptation investment. Potentially useful models of landscape level climate resilience actions and ecosystem-based adaptation are also presented, along with estimates of the aggregate costs of agricultural adaptation. Countries in the region propose different mixes of domestic and foreign, and public and private, adaptation finance to meet the substantial gaps. Key policy insights Though substantial potential for mitigation of agricultural emissions exists in South Asia, governments in the region do not commit to agricultural emissions reductions in their NDCs. Large-scale adoption of income-enhancing technologies is the key to realizing agricultural mitigation potential in South Asia, whilst maintaining food security. Increasing resilience and profitability through structural changes, value chain interventions, and landscape-level actions may provide strong options to build adaptive capacity and enhance food security. Both private finance (autonomous adaptation) and international financial transfers will be required to close the substantial adaptation finance gap
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2.
The Green Climate Fund (GCF) is a significant and potentially innovative addition to UNFCCC frameworks for mobilizing increased finance for climate change mitigation and adaptation. Yet the GCF faces challenges of operationalization not only as a relatively new international fund but also as a result of US President Trump’s announcement that the United States would withdraw from the Paris Agreement. Consequently the GCF faces a major reduction in actual funding contributions and also governance challenges at the levels of its Board and the UNFCCC Conference of the Parties (COP), to which it is ultimately accountable. This article analyzes these challenges with reference to the GCF’s internal regulations and its agreements with third parties to demonstrate how exploiting design features of the GCF could strengthen its resilience in the face of such challenges. These features include linkages with UNFCCC constituted bodies, particularly the Technology Mechanism, and enhanced engagement with non-Party stakeholders, especially through its Private Sector Facility. The article posits that deepening GCF interlinkages would increase both the coherence of climate finance governance and the GCF’s ability to contribute to ambitious climate action in uncertain times. Key policy insights The Trump Administration’s purported withdrawal from the Paris Agreement creates challenges for the GCF operating model in three key domains: capitalization, governance and guidance. Two emerging innovations could prove crucial in GCF resilience to fulfil its role in Paris Agreement implementation: (1) interlinkages with other UNFCCC bodies, especially the Technology Mechanism; and (2) engagement with non-Party stakeholders, especially private sector actors such as large US investors and financiers. There is also an emerging soft role for the GCF as interlocutor between policy-makers and non-Party actors to help bridge the communication divide that often plagues cross-sectoral interactions. This role could develop through: (a) the GCF tripartite interface between the Private Sector Facility, Accredited Entities and National Designated Authorities; and (b) strengthened collaborations between the UNFCCC Technical and Financial Mechanisms.
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3.
The role of agriculture in the context of climate change is a complex issue. On the one hand, concerns about food security highlight the need to prioritize adaptation; on the other hand, the target of the Paris Agreement (keeping global temperature rise well below 2°C) cannot be achieved without a significant decrease in agricultural emissions. Various analyses of nationally determined contributions (NDCs) submitted under the Paris Agreement show how countries intend to prioritize the needs for adaptation and mitigation in the agricultural sector. This paper focuses on 46 countries that contribute 90% of global agricultural emissions and asks how they are addressing the agricultural sector in their climate mitigation policies. It takes into account that conditions and circumstances in countries vary significantly but might also indicate similar patterns. The analysis is based on information provided by countries in their NDCs, as well as their Biennial Reports (BRs) or Biennial Update Reports (BURs) under the UN Framework Convention on Climate Change (UNFCCC). It further includes data on national agricultural emissions. By applying a mixed methods approach, which combines qualitative content analysis and comparative cluster analysis, we find that countries vary in their progress on agriculture and climate mitigation for many different reasons. These reasons include the national perception of the problem, divergent starting points for climate policy, particularities of the agricultural sector and, correspondingly, the availability of cost-effective mitigation technologies. Key policy insights While for many countries the NDCs signify the beginning of their climate policy, UNFCCC biennial reports can be used to learn more about the policies that countries have already implemented. Mitigation action in the agricultural sector is emphasized most prominently in cases where co-benefits are possible and production is not impacted negatively. Policies and measures in the agricultural sector often do not align with the UNFCCC system of monitoring, reporting and verification (MRV). In addition to improving MRV-systems, it seems equally important to exchange national experiences with implemented measures and policies. The Koronivia Joint Work on Agriculture could take into account the problem of different definitions of sector boundaries and thus the importance of different mitigation measures.
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4.
ABSTRACTBased on research into multiple types of climate change mitigation and adaptation (CCMA) projects and policies in Cambodia, this paper documents intersecting social and environmental conflicts that bear striking resemblance to well-documented issues in the history of development projects. Using data from three case studies, we highlight the ways that industrial development and CCMA initiatives are intertwined in both policy and project creation, and how this confluence is creating potentials for maladaptive outcomes. Each case study involves partnerships between international institutions and the national government, each deploys CCMA as either a primary or supporting legitimation, and each failed to adhere to institutional and/or internationally recognized standards of justice. In Cambodia, mismanaged projects are typically blamed on the kleptocratic and patrimonial governance system. We show how such blame obscures the collusion of international partners, who also sidestep their own safeguards, and ignores the potential for maladaptation at the project level and the adverse social and environmental impacts of the policies themselves. Key policy insights Initiatives to mitigate or adapt to climate change look very much like the development projects that caused climate change: Extreme caution must be exercised to ensure policies and projects do not exacerbate the conditions driving climate change. Safeguards ‘on paper’ are insufficient to avoid negative impacts and strict accountability mechanisms must be put in place. Academic researchers can be part of that accountability mechanism through case study reports, policy briefs, technical facilitation to help ensure community needs are met and safeguards are executed as written. Impacts beyond the project scale must be assessed to avoid negative consequences for social and ecological systems at the landscape level.
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5.
Reducing fossil fuel supply is necessary to meet the Paris Agreement goal to keep warming ‘well below 2°C’, yet the Agreement is silent on the topic of fossil fuels. This article outlines reasons why it is important that Parties to the Agreement find ways to more explicitly address the phasing out of fossil fuel production under the UNFCCC. It describes how countries aiming to keep fossil fuel supply in line with Paris goals could articulate and report their actions within the current architecture of the Agreement. It also outlines specific mechanisms of the Paris Agreement through which issues related to the curtailment of fossil fuel supply can be addressed. Mapping out a transition away from fossil fuels – and facilitating this transition under the auspices of the UNFCCC process – can enhance the ambition and effectiveness of national and international climate mitigation efforts. Key policy insights The international commitment to limit global average temperature increases to ‘well below 2°C’ provides a strong rationale for Parties to the Paris Agreement and the UNFCCC to pursue a phase-down in fossil fuel production, not just consumption. Several countries have already made commitments to address fossil fuel supply, by agreeing to phase down coal or oil exploration and production. Integrating these commitments into the UNFCCC process would link them to global climate goals, and ensure they form part of a broader global effort to transition away from fossil fuels. The Paris Agreement provides a number of new opportunities for Parties to address fossil fuel production.
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6.
The Paris Agreement establishes a global goal on adaptation which will be assessed through the global stocktake, the first attempt by the international climate change regime to measure collective progress on adaptation. This policy analysis identifies four main challenges to designing a meaningful assessment. These are: designing a system that can aggregate results; managing the dual mandate of reviewing collective progress and informing the enhancement of national level actions; methodological challenges in adaptation; and political challenges around measurement. We propose a mixed-methods approach to addressing these challenges, combining short-term needs for reporting with longer-term aims of enhancing national adaptation actions. Key policy insights Broad domains of adaptation activity could be identified within each of the objectives of the adaptation goal and progress could be measured and aggregated through simple scorecards. The goal should have both process and outcome indicators as well as some narrative linking activities to outcomes over time. Reporting could be a compilation of national data using qualitative and quantitative sources, aligning with the global stocktake’s aim of enhancing national actions over time and reducing immediate reporting burdens. There would be a complementary role at least in the short term for an expert assessment of priority areas.
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7.
Food-insecure households in many countries depend on international aid to alleviate acute shocks and chronic shortages. Some food security programmes (including Ethiopia’s Productive Safety Net Program–PSNP – which provides a case study for this article) have integrated aid in exchange for labour on public works to reduce long-term dependence by investing in the productive capacity and resilience of communities. Using this approach, Ethiopia has embarked upon an ambitious national programme of land restoration and sustainable land management. Although the intent was to reduce poverty, here we show that an unintended co-benefit is the climate-change mitigation from reduced greenhouse gas (GHG) emissions and increased landscape carbon stocks. The article first shows that the total reduction in net GHG emissions from PSNP’s land management at the national scale is estimated at 3.4 million?Mg?CO 2e?y ?1 – approximately 1.5% of the emissions reductions in Ethiopia’s Nationally Determined Contribution for the Paris Agreement. The article then explores some of the opportunities and constraints to scaling up of this impact. Key policy insights Food security programmes (FSPs) can contribute to climate change mitigation by creating a vehicle for investment in land and ecosystem restoration. Maximizing mitigation, while enhancing but not compromising food security, requires that climate projections, and mitigation and adaptation responses should be mainstreamed into planning and implementation of FSPs at all levels. Cross-cutting oversight is required to integrate land restoration, climate policy, food security and disaster risk management into a coherent policy framework. Institutional barriers to optimal implementation should be addressed, such as incentive mechanisms that reward effort rather than results, and lack of centralized monitoring and evaluation of impacts on the physical environment. Project implementation can often be improved by adopting best management practices, such as using productive living livestock barriers where possible, and increasing the integration of agroforestry and non-timber forest products into landscape regeneration.
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8.
With poverty alleviation and sustainable development as key imperatives for a developing economy like India, what drives the resource-constrained state governments to prioritize actions that address climate change impacts? We examine this question and argue that without access to additional earmarked financial resources, climate action would get overshadowed by developmental priorities and effective mainstreaming might not be possible. A systematic literature review was carried out to draw insights from the current state of implementation of adaptation projects, programmes and schemes at the subnational levels, along with barriers to mainstreaming climate change adaptation. The findings from a literature review were supplemented with lessons emerging from the implementation of India’s National Adaptation Fund on Climate Change (NAFCC). The results of this study underscore the scheme’s relevance. Key policy insights Experience with NAFCC implementation reveals that states require sustained ‘handholding’ in terms of financial, technical and capacity support until climate change issues are fully understood and embedded in the policy landscape. Domestic sources of finance are critically important in the absence of predictable and adequate adaptation finance from international sources. The dedicated window for climate finance fosters a spirit of competitive federalism among states and encourages enhanced climate action. Enhanced budgetary allocation to NAFCC to strengthen the state-level adaptation response and create capacity to mainstream climate change concerns in state planning frames, is urgently needed.
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9.
We live in a rapidly advancing digital information age where the ability to discover, access and utilize high-quality information in a reliable and timely manner is often assumed to be the norm. However, this is not always the experience of researchers, practitioners and decision makers responding to the challenges of a rapidly changing climate, despite the billions now being made available for investment in climate change adaptation initiatives throughout the world and particularly in developing countries. In recognition of the importance of information in adaptation planning, Article 7.7 of the Paris Agreement sets out clear guidance for parties to develop, share, manage and deliver climate change knowledge, information and data as a means to strengthening cooperation and action on adaptation. This article provides some key lessons and insights on climate change information and knowledge management (IKM) in small island developing States (SIDS) from the perspective of Pacific SIDS. A situation analysis of current climate change IKM practices in Fiji, Tonga and Vanuatu was conducted and key barriers to effective climate change IKM identified. The outcome of this article is a range of pragmatic policy considerations for overcoming common barriers to climate change IKM in the Pacific, which may be of value to SIDS more widely. Key policy insights The partnership approach of co-investigating climate change IKM barriers in collaboration with Pacific SIDS generated considerable trust, a shared purpose and therefore rich IKM lessons and insights. Turning climate change IKM aspirations into practice is significantly more complicated than expected, and requires a long-term commitment from both national governments and development partners. Pacific SIDS need to establish national guiding climate change IKM Frameworks that leverage rather than duplicate growing national investments in whole-of-government IKM. Reframing climate change IKM in the Pacific towards demand and user needs will be critical to ensuring widespread ownership and participation in IKM solutions that lead to greater adaptation and resilience outcomes. It is also critical that IKM activities in SIDS support the development of national capacity to scope, develop, deploy and maintain decision support systems. Federated IKM systems are ideal for encouraging greater IKM collaboration.
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10.
The role of technology in combatting climate change through mitigation and adaptation to its inevitable impacts has been acknowledged and highlighted by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC). In the developing world, this has received particular attention through the technology needs assessment (TNA) process. As Parties put forward their national pledges to combat climate change, the scarcity of resources makes it important to assess (i) whether national processes designed to tackle climate change are working together and (ii) whether existing national processes should be terminated with the initiation of new ones. This study presents an assessment of the existing TNA process and its linkages to the nationally determined contributions (NDCs) under the Paris Agreement. The conclusions stem from an assessment of the TNAs completed to date, as well as 71 NDCs from developing countries at various stages of the TNA process. The analyses show that further developing the TNAs could play a vital role in filling gaps in the existing NDCs, specifically those relating to identifying appropriate technologies, their required enabling framework conditions and preparing implementation plans for their transfer and diffusion. Key policy insights The full potential of the TNAs has still to be rolled out in many countries. Developing countries can maximize the potential of their TNAs by further developing them to explicitly analyse what is needed to implement existing NDCs, including by better aligning their focus, scope and up-to-dateness with the priority sectors included in the NDCs. Requests of developing countries for international assistance, through technology transfer, will be better guided by the completion of the TNA process. Policies for strengthening the NDCs will benefit from the results of completed, ongoing and future TNA processes.
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11.
The increasing number of coastal floods in recent years in France has resulted in the design of new adaptation principles for the most endangered coastal areas. The aim of the government is to reduce the vulnerability of these areas by relocating property and infrastructure. These measures have, however, come up against considerable opposition from the population concerned. Using a survey of 421 inhabitants of Hyères, a coastal town in the South of France, this article proposes the study of resistance to relocation through the creation of an index for resistance that incorporates attachment to place, residential mobility and risk perception. The results show a correlation for the index and distance from the sea that highlights the existence of conflicting interests with adaptation measures depending upon population categories. Key policy insights In France, although coastal flooding risk is a key issue in numerous populated coastal areas, coastal dwellers show little willingness to relocate. Resistance to relocation can be assessed through a composite index integrating place attachment, residential mobility and risk perception. Application of such an index shows a correlation between willingness to relocate and distance from the sea. Conflicts of interest with adaptation measures also depend on the age of the dwellers, their standard of living and on home ownership.
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12.
Adaptation finance is primarily allocated to multilateral entities and national governments, rather than local organizations. This means that the social, political and economic processes that create and sustain inequalities within a country will be the same processes that determine how adaptation finance is used. Using an urban lens, we consider the obstacles currently faced by local governments and local civil society groups in accessing adaptation finance, and show that these are a function of systemic power imbalances between levels of government, and between government and vulnerable communities. We argue that even relatively small amounts of adaptation finance could have a catalytic effect on the capacities and impacts of local organizations, contributing to greater levels of both distributive and procedural justice. We analyse different financial intermediaries and planning systems that could be used to make disbursements from multilateral climate funds fairer and more effective. This could potentially create political opportunities both to respond to direct climate threats and to address underlying drivers of vulnerability, such as marginalization and exclusion. In this way, channelling adaptation finance to the local level could deliver more just processes and outcomes. Key policy insights More multilateral climate funds should establish direct access modalities, and introduce ‘fit-for-purpose’ accreditation procedures and approval processes. Those that have already established such enabling frameworks should prioritize providing readiness support to local organizations, and incentivize state and citizen collaboration in adaptation projects. National governments should consider clearly enshrining the rights and responsibilities of local authorities in National Adaptation Plans, and help them to collect the information, build the capacities and acquire the resources needed to plan and implement adaptation measures. National governments should further encourage local authorities to adopt participatory planning, budgeting, monitoring and evaluation procedures to encourage citizen participation. Local civil society groups should identify or establish collective entities that can seek accreditation with multilateral funds and then disburse money to their members. Collaboration between groups can facilitate up-scaling through replication (particularly where peer-to-peer learning is embedded in the network) and reduce the transaction costs associated with myriad small projects.
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13.
ABSTRACTOcean acidification is most frequently framed by the scientific community as a concurrent threat to climate change, rather than an effect of it. This separation of the two phenomena has long been deemed as a way of garnering heightened policy attention for ocean acidification rather than having it bound up in the often contested politics of climate change. This effort, however, appears to have resulted in the inadvertent placing of ocean acidification outside of the mandate of the United Nations Framework Convention on Climate Change (UNFCCC). This has created a significant gap in the global governance of this issue with no multilateral agreement understood as having jurisdiction over the mitigation of rising ocean acidity. For these reasons this paper argues that an alternative framing of ocean acidification as an effect of climate change is warranted. This would include ocean acidification in the core obligations of the Convention, thereby filling the mitigation governance gap and avoiding perverse implementation outcomes. It is contended that interpreting the UNFCCC in this way is more consistent with its objective and purpose than the existing interpretations that place ocean acidification beyond the remit of the Convention. Key policy insights Ocean acidification is best understood as an effect of climate change in the context of the UNFCCC, and therefore is included in its obligations to combat climate change and its adverse effects. An obligation to address ocean acidification has implications for the way that the provisions of the Convention, particularly on mitigation, are implemented. Mitigation activities that exacerbate ocean acidification or lead to emission reduction pathways that do not prevent dangerous acidification should be deemed inconsistent with the Convention. Protection, conservation and restoration of coastal and marine ecosystems should become a priority area for action within the UNFCCC.
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14.
Abstract This paper examines three issues in quantifying project-level emissions reductions (ERs): baseline and additionality determination, leakage assessment, and measurement of net emissions. It finds no systematic differences between land use change and forestry (LUCF) and energy projects in addressing these issues. Rather, the ease of quantification depends on the following: -
?The level and distribution of direct financial benefits that result from the project, since this is a key determinant of additionality. -
?The degree to which the project is integrated with a broader physical and economic system, since this determines the amount of leakage. -
?The internal homogeneity and geographic dispersion of the project components—a key determinant of measurement costs. These dimensions cut across the energy versus LUCF distinction. 相似文献
15.
Deliberation over how to adapt to short or long-term impacts of climate change takes place in a complex political setting, where actors’ interests and priorities shape the temporal dimension of adaptation plans, policies and actions. As actors interact to pursue their individual or collective interests, these struggles turn into dynamic power interplay. In this article, we aim to show how power interplay shapes local adaptation plans of action (LAPAs) in Nepal to be short-term and reactive. We use an interactional framing approach through interaction analyses and observations to analyse how actors use material and ideational resources to pursue their interests. Material and ideational resources that an actor deploys include political authority, knowledge of adaptation science and national/local policy-making processes, financial resources and strong relations with international non-governmental organizations and donor agencies. We find that facilitators and local politicians have a very prominent role in meetings relating to LAPAs, resulting in short-termism of LAPAs. Findings suggest that there is also a lack of female participation contributing to short-term orientated plans. We conclude that such power interplay analysis can help to investigate how decision making on the temporal aspects of climate adaptation policy takes place at the local level. Key policy insights Short-termism of LAPAs is attributed to the power interplay between actors during the policy design process. Improved participation of the most vulnerable, especially women, can lead to the preparation of adaptation plans and strategies focusing on both the short and long-term. It is pertinent to consider power interplay in the design and planning of adaptation policy in order to create a level-playing field between actors for inclusive decision-making. Analysis of dynamic power interplay can help in investigating climate change adaptation controversies that are marked by uncertainties and ambiguities.
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16.
Although the Green Climate Fund (GCF) is widely commendable in several ways, access to the Fund has been very challenging for many African countries. Using GCF published statistics, we identify possible challenges likely to be responsible for this. First, we present an assessment of the GCF’s Readiness Support Programme with respect to how the programme’s performance may have affected achievement of African countries’ readiness outcomes. Second, a critical evaluation of the status of African GCF portfolio (pipeline and approved projects) provides a means by which to assess how well Africa’s current portfolio aligns with GCF strategic impact areas, results areas and investment priorities. We then discuss GCF access modalities and the implications of relying on International Accredited Entities (IAEs) to indirectly access the Fund. The readiness support assessment indicates that the distribution of support requests and funding approvals is nearly equal across the regions of Africa, Asia Pacific and Latin America and the Caribbean. However, when the regions are considered individually, Africa demonstrates lower approvals with respect to requests and securing funding. Results from the GCF portfolio evaluation reveal that little or no attention has been devoted to GCF critical result areas such as forests and land use or transport, where great potentials for low-carbon development transitions exist. With respect to access modalities, the IAE financing mechanism currently provides access to the Fund for the majority of projects in both the global and African GCF portfolios. The implications of these findings are extensively discussed. Key policy insights For Africa, limited readiness support and a reliance on International Accredited Entities constrains capacity building, thereby reinforcing a lack of both readiness and direct access to the GCF. There are opportunities for Africa to diversify its GCF portfolios, adhere to international commitments, and address its adaptation and development needs by identifying and capitalizing on linkages between GCF funding priorities, mitigation, and adaptation. There are leverage points within existing climate finance and governance systems that could catalyse a shift in Africa’s engagement with the GCF and generate positive, cascading effects on institutional strengthening, direct access accreditation and securing funding.
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17.
ABSTRACTThis article identifies and analyzes some of the main knowledge gaps that affect the development of climate adaptation policies in the Latin American context. It is based on a comparative analysis of online survey results conducted among government officials working on climate adaptation in six countries of the region: Argentina, Brazil, Chile, Costa Rica, Paraguay and Uruguay. The article addresses four key issues. First, it identifies some of the critical knowledge deficits (missing or incomplete information) that affect climate adaptation policy making and implementation. Second, it addresses the obstacles and difficulties facing collaborative processes of knowledge production (co-production) between scientists and public policy actors. Third, it analyzes factors affecting knowledge uptake and use by policymakers. Finally, it identifies some of the main knowledge deficits specifically affecting the monitoring and assessment of climate adaptation policies and measures. Overall, the article provides a diagnosis of the main knowledge gaps facing climate adaptation policy in the Latin American countries studied. The results of this diagnosis can serve as input for a research and action agenda aiming to strength the interaction between science and policy on climate adaptation in Latin American countries. Key policy insights The countries covered by the study suffer strong knowledge deficits related to the design, implementation and evaluation of adaptation policy. Collaborative modes of knowledge production in the field of climate adaptation do not tend to sustain over time. Climate change co-production processes tend to be project based, linked to specific initiatives rather than to institutionalized long-term policymaking or planning processes. The fragmentation and lack of integration of the knowledge available on the different aspects of climate adaptation issues deeply affect their usability in policy processes. Weak state capabilities to co-produce, manage and use knowledge in the policy process constitute a main barrier affecting the science-policy interface on climate adaptation issues.
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18.
Although climate change is an urgent problem, behavioural and policy responses have not yet been sufficient to either reduce the volume of greenhouse gas emissions or adapt to a disrupted climate system. Significant efforts have been made to raise public awareness of the dangers posed by climate change. One reason why these efforts might not be sufficient is rooted in people’s need to feel efficacy to solve complex problems; the belief that climate change is unstoppable might thwart action even among the concerned. This paper tests for the effect of fatalistic beliefs on behavioural change and willingness to pay to address climate change using two cross-national surveys representing over 50,000 people in 48 nations. Key policy insights The perception that climate change poses a risk or danger increases the likelihood of behavioural change and willingness to pay to address climate change. The belief that climate change is unstoppable reduces the behavioural and policy response to climate change and moderates risk perception. Communicators and policy leaders should carefully frame climate change as a difficult, yet solvable, problem to circumvent fatalistic beliefs.
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19.
After decades of pressure from vulnerable developing countries, the Warsaw International Mechanism on Loss and Damage (the WIM) was established at the nineteenth Conference of the Parties (COP 19) in 2013 to address costly damages from climate change. However, little progress has been made towards establishing a mechanism to fund loss and damage. The WIM's Executive Committee issued its first two-year workplan the following year at COP 20 which offered, among other things, a range of approaches to financing loss and damage programmes, which we review here. We provide brief overviews of each mechanism proposed by the WIM ExCom, describe their current applications, their statuses under the United Nations Framework Convention on Climate Change (UNFCCC), some of their advantages and disadvantages, and their current or potential application to loss and damage. We find that several of these mechanisms may be useful in supporting loss and damage programmes, but identify some key gaps. First, most of the mechanisms identified by the WIM ExCom are insurance schemes subsidized with voluntary contributions, which may not be adequate or reliable over time. Second, none were devised to apply to slow-onset events, or to non-economic losses and damages. That is, if harms are inflicted on parts of a society or its ecosystems that have no price, or if they occur gradually, they would probably not be covered by these mechanisms. Finally, the lack of a dedicated and adequate flow of finance to address the real loss and damage being experienced by vulnerable nations will require the use of innovative financial tools beyond those mentioned in the WIM ExCom workplan. Key policy insights Despite a full article of the 2015 Paris Agreement devoted to loss and damage, there is little international agreement on the scope of loss and damage programmes, and especially how they would be funded and by whom. Most of the loss and damage funding mechanisms identified by the WIM ExCom are insurance schemes subsidized with voluntary contributions, which may burden the most vulnerable countries and may not be reliable over time. None of the mechanisms were devised to apply to slow-onset events, or to non-economic losses and damages.
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20.
ABSTRACTChina’s overseas investment flows (US$ 183 billion) and stock (US$ 4.7 trillion) reached a record peak in 2016, second only to those of the US. A major cause for concern lies in the environmental sustainability of China’s overseas investment portfolio, which is compounded by the lack of transparency of China’s main development finance arms. We intend in this paper to give an update on the magnitude of green finance in China’s overseas investment and development finance portfolio on the basis of the best available estimates, and to put these figures into a broader perspective of multilateral development banks’ commitments and practices to combat climate change. We derive practical policy recommendations that Chinese development banks could take to further align China’s overseas investment with the 2°C target of the Paris Agreement, with the first step being to revise the ‘host country standard’ principle, to ensure that Chinese development banks use the most stringent of the two environmental standards, abroad or at home. Key policy insights Chinese development banks lend, give or invest between US$ 38 billion and US$ 45 billion every year to developing countries, without either elaborating on, or integrating, the provisions of the Paris Agreement into their investment strategy. Regulations and safeguards are much more stringent for China’s domestic investment than for China’s overseas investment, and this stringency gap has been widening over recent years. As a step towards aligning Chinese overseas investment with the Paris Agreement, Chinese development banks could revise the ‘host country standard principle’. They could instead choose the highest among the two – recipient country or Chinese domestic – in terms of environmental stringency, consequently harmonizing overseas environmental regulation and safeguards with those that apply domestically.
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