Not only does climate change have a more significant impact on the economies of lower income countries, these also have to pay more for adaptation, recovery and redevelopment loans, leading them into the climate debt trap. With the added “cruel irony” that those less responsible for climate change are being made to pay a larger share of the price.
Climate Finance is the key to drive urbanization toward Smart Cities. It also means shifting investments towards building a vision of our common future. And we already know how to do it, on both global and regional scales.
Since 2012 the number of commitments on fossil fuel divestment has increased rapidly, reaching over 1000 institutions worth 7 trillion euro.
Finance to provide electricity to millions of people who live without it is rising, but too slowly to meet the global goal to achieve universal
The end of 2018 is a crucial date for the implementation of the climate agreement adopted in Paris in 2015 and currently ratified by 178 countries. At COP24 in Katowice, Poland, countries are due to finalized and adopt the operational guidelines of the treaty, also known as “the Paris rulebook”.
May session of UN climate negotiations closed in Bonn with slow progress on the operational guidelines of the Paris Agreement, due to be finalized and
