Pacific Community Calls Out Urgency of Climate Loss and Damage Finance for Frontline Island Nations

Asia-Pacific, Climate Change Finance, Climate Change Justice, Conferences, COP29, Development & Aid, Editors’ Choice, Environment, Featured, Headlines, Human Rights, Humanitarian Emergencies, PACIFIC COMMUNITY, Pacific Community Climate Wire, Small Island Developing States, Sustainable Development Goals, TerraViva United Nations

Climate Change Finance

A house damaged due to coastal erosion caused by rising sea levels in Tuvalu. Credit Hettie Sem/Pacific Community

A house damaged due to coastal erosion caused by rising sea levels in Tuvalu. Credit Hettie Sem/Pacific Community

SYDNEY, Dec 10 2024 (IPS) – Advancing development of the new Climate Loss and Damage Fund was a key call by Pacific Island nations at the COP29 United Nations Climate Change Conference being held in Azerbaijan in November. For Pacific Island Countries and Territories, the fund represents a critical step towards addressing what they consider a gross climate injustice: despite contributing less than 0.03 percent of global greenhouse gas (GHG) emissions, they bear the brunt of climate change’s devastating impacts.


The concept of climate finance as a “polluter pays” issue is grounded in the principle that those who have historically contributed the most to greenhouse gas emissions should be financing the developing world’s ability to deal with its impacts and scale climate action.

Fifteen years after the Paris Agreement’s promises, the Pacific region has only accessed 0.22 percent of global climate funds, severely impeding the region’s ability to adapt to escalating climate impacts.

“Access to funding is very limited to date,” Coral Pasisi, Pacific Community’s Director of Climate Change and Environmental Sustainability, Niue, told IPS. “There are structural impediments to why international funds are not financing adaptation and mitigation in the Pacific at the rate they need. Most global funds do not take account of the special circumstances of SIDS—including their extreme exposure to disasters, remoteness, lack of capacity and small population sizes. And there is a direct correlation between the lack of access to climate finance for resilience and adaptation measures and the mounting costs of loss and damage for the Pacific region.”

Access to climate-related international finance has been and remains a significant challenge for Small Island Developing States (SIDS). The global multilateral climate financing architecture is administratively complex, requiring considerable capacity to access and taking too long—on average three years for project development to approval. Through pooling resources and frontloading, the regional organization, the Pacific Community, is a vital partner in raising the chances of funding success for some of the world’s smallest nations.

According to the United Nations Framework Convention on Climate Change (UNFCCC), loss and damage are ‘the negative impacts of climate change that occur after all reasonable adaptation and mitigation measures have been implemented’. These impacts can be economic, such as damage to infrastructure, destruction of homes, reduced agricultural yields, and other financial losses. They can also be non-economic, such as loss of culturally important areas, traditional knowledge, loss of life and grief. It is important to note that most often, loss and damage have both non-economic and economic implications. When communities and nations face overwhelming challenges and lack sufficient financial resources to address these impacts, they become increasingly vulnerable. This exacerbates loss and damage, undermining recovery and resilience efforts.

With the global temperature rise on course to exceed the 1.5-degree Celsius safety threshold in the 2030s, warns the IPCC, losses inflicted by climate extremes are set to escalate and will be beyond the economic resources of Pacific Island states. Even though there are six Pacific Island nations among the 20 most disaster-prone countries in the world. In 2019, disasters were costing the region USD 1.07 billion per year, with 49 percent of losses due to cyclones and 20 percent due to droughts, reports the UN Economic and Social Commission for Asia and the Pacific (ESCAP). And this century, annual average losses could amount to 20 percent of GDP in Vanuatu and 18.2 percent in Tonga.

Recent disasters include the violent eruption of the Hunga Tonga Hunga Ha’apai volcano in the Polynesian nation of Tonga in 2022. It affected 85 percent of the population of about 107,000 people, destroyed infrastructure, agriculture and tourism, and left a damage bill of USD 125 million.

Extreme rainfall and floods caused months of agricultural losses in Siai Village, Oro Province, Papua New Guinea, in 2012. Credit: Catherine Wilson/IPS

Extreme rainfall and floods caused months of agricultural losses in Siai Village, Oro Province, Papua New Guinea, in 2012. Credit: Catherine Wilson/IPS

The following year, Vanuatu was hit by two cyclones, Judy and Kevin, plus a 6.5-magnitude earthquake in March. Again, more than 80 percent of people were affected, crops were lost, tourists fled and the cost of damages amounted to 40 percent of the country’s Gross Domestic |Product (GDP). Meanwhile, in Fiji, villagers on Vanua Levu Island have witnessed higher sea tides accelerate coastal erosion in the past 18 years and communities have been forced to relocate inland due to excessive flooding.

Climate losses in the region are related to the vulnerability of populations. Ninety percent of Pacific Islanders live within 5 kilometres of weather-exposed coastlines and plants in the region that generate 84 percent of total power are exposed to cyclones, reports ESCAP.

“Critical infrastructure, such as schools, roads and hospitals, is one of the areas that has the costliest impacts in terms of economic loss and damage and non-economic implications. This is especially the case where only one main hospital exists, for example; the effects of losing that facility extend well beyond the repair and replacement costs,” said Pasisi.

Non-economic losses are more difficult to quantify. These “are debilitating and often irreversible, including loss of land, cultural sites, burial grounds, traditional knowledge, village displacement, psychological trauma from recurrent disasters, failing human health, coral reef degradation and more,” reports the Vanuatu Government.

Despite their funding needs, Pacific island states face major bureaucratic handicaps in putting together complex international climate funding applications. These include lack of technical expertise, dearth of data and sheer capacity constraints within governments.

Mapping Loss and Damage challenges

In March 2023, the Pacific Island nation of Vanuatu was hit by two cyclones, Judy and Kevin, that affected 80 percent of the population and left a loss and damage bill of US$433 million. Credit: Catherine Wilson/IPS

In March 2023, the Pacific Island nation of Vanuatu was hit by two cyclones, Judy and Kevin, that affected 80 percent of the population and left a loss and damage bill of USD 433 million. Credit: Catherine Wilson/IPS

The new global Loss and Damage Fund was first agreed by world leaders at the COP27 Climate Change Conference in 2022. Its objective is to procure major contributions from industrialized, large carbon-emitting nations and aid vulnerable and developing countries in times of climate-driven crises. It will play a vital role given that a recent study claims that, from 2000-2019, climate extremes cost the world USD 16 million per hour.

Island nations view this initiative as a long-overdue step toward addressing climate injustice. Solomon Islands welcomes the spirit of cooperation and commitment to operationalize the Loss and Damage Fund.

“While we welcome the pledges being made in particular from developed country parties, we need to ensure that these pledges are being delivered,” Dr Melchior Mataki, Deputy Head of the Solomon Islands Delegation to COP28, told media in December 2023.

Progress in operationalizing the fund has been slow, even as the climate crisis accelerates. “The biggest challenge is the time it takes to access funding. Time is not on our side,” said Michelle DeFreese, SPC Loss and Damage Project Coordinator. “Countries have urged for the development of the Fund for decades, but the impact of climate-related loss and damage is already taking a tremendous toll on countries in the Pacific.” She explained that “responding to and preparing for sea level rise is one of the greatest funding needs in the region, particularly for low-lying atoll nations, including Kiribati, the Republic of the Marshall Islands and Tuvalu.”

To address this, the Pacific Community has collaborated with the Tuvalu Government to develop advanced physical and computer models demonstrating the impact of a 25–50-centimeter sea level rise on the atoll nation by the end of the century. The information is vital to making the case for the funding needed. From 1993 to 2023, the mean sea level rise in the Pacific was 15 centimetres, far higher than the global mean rise of 9.4 centimetres, reports the UN. And, if the global temperature rises to 1.5–3.0 degrees Celsius, the Pacific Islands could confront a rise of 50–68 centimetres.

Yet, while SIDS are encouraged by the global commitment to the new Loss and Damage Fund, with the secretariat hosted by the World Bank, the details of how it will operate, the criteria for applications and the amount of funds it will offer are still undetermined. Funding promises also fall far short of what is required. At COP28 in December last year, sizeable contributions were committed by nations including Germany, France, Italy and the United Arab Emirates, but the total of USD 700 million stands in contrast to the projected USD 100 billion per annum needed for accelerating climate losses this century.

“The Pacific has championed Loss and Damage since 1991 and will continue to do so. While all countries face climate change impacts, the Pacific and other SIDS have done the least to cause climate change and face disproportionate impacts,” Ronneberg said. “If the world doesn’t reduce emissions to be compatible with the 1.5 degree target, we will face existential threats from climate change loss and damage.”

Recognizing the urgency, the Pacific Community has intensified efforts to help nations develop comprehensive loss and damage strategies. With support from the Danish Ministry of Foreign Affairs, the organization has launched a project to help Pacific nations develop loss and damage plans and strategies. Denmark has pledged EUR 5 million to support vital research and data collection needed for funding applications.

“The project that the Pacific Community started this year with funding from the Danish Ministry of Foreign Affairs aims to support countries in the development of loss and damage national plans and strategies in parallel with the operationalization of the Fund for responding to loss and damage,” DeFreese explained.

The need for swift and substantial global action has never been greater, as the Pacific continues to face the mounting toll of climate impacts. Without accelerated efforts to operationalize the fund and deliver on pledges, vulnerable nations risk being left unprepared for the challenges ahead.

IPS UN Bureau Report

 

COP29 Falls Short on Finance

Biodiversity, Civil Society, Climate Action, Climate Change, COP29, Economy & Trade, Environment, Featured, Global, Headlines, Inequality, Sustainable Development Goals, TerraViva United Nations

Opinion

Credit: Murad Sezer/Reuters via Gallo Images

LONDON, Dec 2 2024 (IPS) – COP29, the latest annual climate summit, had one job: to strike a deal to provide the money needed to respond to climate change. It failed.

This was the first climate summit dedicated to finance. Global south countries estimate they need a combined US$1.3 trillion a year to transition to low-carbon economies and adapt to the impacts of climate change. But the last-minute offer made by global north states was for only US$300 billion a year.


The agreement leaves vague how much of the promised target, to be met by 2035, will be in the form of direct grants, as opposed to other means such as loans, and how much will come directly from states. As for the US$1 trillion annual funding gap, covering it remains an aspiration, with all potential sources encouraged to step up their efforts. The hope seems to be that the private sector will invest where it hasn’t already, and that innovations such as new levies and taxes will be explored, which many powerful states and industry lobbyists are sure to resist.

Some global north states are talking up the deal, pointing out that it triples the previous target of US$100 billion a year, promised at COP15 in 2009 and officially reached in 2022, although how much was provided in reality remains a matter of debate. Some say this deal is all they can afford, given economic and political constraints.

But global north states hardly engaged constructively. They delayed making an offer for so long that the day before talks were due to end, the draft text of the agreement contained no numbers. Then they made a lowball offer of US$250 billion a year.

Many representatives from global south states took this as an insult. Talks threatened to collapse without an agreement. Amid scenes of chaos and confusion, the summit’s president, Mukhtar Babayev of Azerbaijan, was accused of weakness and lack of leadership. By the time global north states offered US$300 billion, negotiations had gone past the deadline, and many saw this as a take-it-or-leave it offer.

The negotiating style of global north states spoke of a fundamental inequality in climate change. Global north countries have historically contributed the bulk of cumulative greenhouse gas emissions due to their industrialisation. But it’s global south countries that are most affected by climate change impacts such as extreme weather and rising sea levels. What’s more, they’re being asked to take a different development path to fossil fuel-powered industrialisation – but without adequate financial support to do so.

These evident injustices led some states, angered by Babayev bringing talks to an abrupt end, to believe that no deal would have been better than what was agreed. For others, waiting another year for COP30 would have been a luxury they couldn’t afford, given the ever-increasing impacts of climate change.

Financing on the agenda

Far from being settled, the conversation around climate financing should be regarded as only just having begun. The figures involved – whether it’s US$300 billion or US$1.3 trillion a year – seem huge, but in global terms they’re tiny. The US$1.3 trillion needed is less than one per cent of global GDP, which stands at around US$110 trillion. It’s a little more than the amount invested in fossil fuels this year, and far less than annual global military spending, which has risen for nine years running and now stands at around US$2.3 trillion a year.

If the money isn’t forthcoming, the sums needed will be eclipsed by the costs of cleaning up the disasters caused by climate change, and dealing with rising insecurity, conflict and economic disruption. For example, devastating floods in Valencia, Spain, in October caused at least 217 deaths and economic losses of around US$10.6 billion. Research suggests that each degree of warming would slash the world’s GDP by 12 per cent. Investing in a transition that reduces greenhouse gas emissions and enables communities to adapt isn’t just the right thing to do – it’s also the economically prudent option.

The same problems arose at another recent summit on a related issue – COP16 of the Biodiversity Convention, hosted by Colombia in October. This broke up with no agreement on how to meet the funding commitments agreed at its previous meeting. The international community, having forged agreements to address climate change and protect the environment, is stuck when it comes to finding the funding to realise them.

What’s largely missing is discussion of how wealth might be better shared for the benefit of humanity. Over the past decade, as the world has grown hotter, inequality has soared, with the world’s richest one per cent adding a further US$42 trillion to their fortunes – less than needed to adequately respond to climate change. The G20’s recent meeting said little on climate change, but leaders at least agreed that ultra-wealthy people should be properly taxed. The battle should now be on to ensure this happens – and that revenues are used to tackle climate change.

When it comes to corporations, few are richer than the fossil fuel industry. But the ‘polluter pays’ principle – that those who cause environmental damage pay to clean it up – seems missing from climate negotiations. The fossil fuel industry is the single biggest contributor to climate change, responsible for over 75 per cent of greenhouse gas emissions. It’s grown incredibly rich thanks to its destructive trade.

Over the past five decades, the oil and gas sector has made profits averaging US$2.8 billion a day. Only a small fraction of those revenues have been invested in alternatives, and oil and gas companies plan to extract more: since COP28, around US$250 billion has been committed to developing new oil and gas fields. The industry’s wealth should make it a natural target for paying to fix the mess it’s made. A proposed levy on extractions could raise US$900 billion by 2030.

Progress is needed, and fast. COP30 now has the huge task of compensating for the failings of COP29. Pressure must be kept up for adequate financing combined with concerted action to cut emissions. Next year, states are due to present their updated plans to cut emissions and adapt to climate change. Civil society will push for these to show the ambition needed – and for money to be mobilised at the scale required.

Andrew Firmin is CIVICUS Editor-in-Chief, co-director and writer for CIVICUS Lens and co-author of the State of Civil Society Report.

  Source

Explainer: Why COP29 Baku Outcome is a Bad Deal for Poor, Vulnerable Nations

Climate Change, Climate Change Finance, Climate Change Justice, Conferences, COP29, Development & Aid, Editors’ Choice, Environment, Featured, Humanitarian Emergencies, Natural Resources, Sustainable Development Goals | Analysis

COP29

COP 29/CMP 19/CMA 6 closing plenary Credit: Vugar Ibadov/UNFCC

COP 29/CMP 19/CMA 6 closing plenary
Credit: Vugar Ibadov/UNFCC

NAIROBI & BAKU, Nov 26 2024 (IPS) – The culmination of bitter, difficult, and challenging climate negotiations concluded with an announcement from the COP29 Presidency of Azerbaijan of the “agreement of the Baku Finance Goal—a new commitment to channel USD1.3 trillion of climate finance to the developing world each year by 2035.” This is on top of the USD 300 billion that the developed world is to extend to developing nations annually by 2035.


Developed nations appear perturbed by the outrage from the Global South as the COP29 Presidency big-up what is for all intents and purposes a bad deal for vulnerable nations on the frontlines of climate change. Once an annual inflation rate of 6 percent is factored into the new goal, USD 300 billion is not the tripling of funds that is being made out to be.

The Baku deal indicates that “developed countries will lead a new climate finance goal of at least USD 300 billion per annum by 2035 from all sources, as part of a total quantum of at least USD 1.3 trillion per annum by 2035 from all actors, with a roadmap developed in 2025.”

Ambiguous Climate Finance Promises

The promise of a USD 1.3 trillion of climate finance in line with what developing countries wanted rings hollow, for the text does not lay out the road map for how the funds are to be raised, postponing the issue to 2025. Even more concerning, Baku seems to have set things in motion for wealthy nations to distance themselves from their financial responsibility to vulnerable nations in the jaws of a vicious climate crisis.

COP29 text “calls for all actors to work together to enable the scaling up of financing to developing country Parties for climate action from all public and private sources to at least USD1.3 trillion per year by 2035.”

In this, there is a mixture of loans, grants, and private financing. Essentially, the Baku agreement reaffirms that developing nations should be paid to finance their climate actions, but it is vague on who should pay.

Baku to Belém Road Map

For finer details, there is a new road map in place now known as the “Baku to Belém Road Map to 1.3T.” COP29 text indicates that the “Baku to Belém, Brazil’ roadmap is about scaling up climate finance to USD 1.3 trillion before COP30 and that this is to be achieved through financial instruments such as grants, concessional as well as non-debt-creating instruments. In other words, the roadmap is about making everything clear in the coming months.

In climate finance, concessionals are loans. Only that they are a type of financial assistance that offers more favourable terms than the market, such as lower interest rates or grace periods. This is exactly what developing nations are against—being straddled with loans they cannot afford over a crisis they did not cause.

Article 6 of Paris Agreement: Carbon Markets

Beyond climate finance, there are other concerns with the final text. Although it has taken nearly a decade of debate over carbon trading and markets, COP29 Article 6 is complex and could cause more harm than good. On paper, the carbon markets agreements will “help countries deliver their climate plans more quickly and cheaply and make faster progress in halving global emissions this decade, as required by science.”

Although a UN-backed global carbon market with a clear pathway is a good deal, it falls short on the “transparency provision” as the agreement does not address the trust crises compromising current carbon markets. Countries will not be required to release information about their deals before trading and that carbon trading could derail efforts by the industrialized world to reduce emissions as they can continue to pay for polluting, and this will be credited as a “climate action.”

Climate Funds Fall Short

The Loss and Damage Fund seeks to offer financial assistance to countries greatly affected by climate change. There is nonetheless delayed operationalisation and uncertain funding, as COP29 did not define who pays into the fund and who is eligible to claim and draw from the fund.

The Adaptation Fund was set up to help developing countries build resilience and adapt to climate change. Every year, the fund seeks to raise at least USD 300 million but only receives USD 61 million, which is only a small fraction—about one-sixth—of what is required.

Final Text Quiet on Fossil Fuels

The final COP29 text does not mention fossil fuels and makes no reference to the historic COP28 deal to ‘transition away from fossil fuels’. Climate change mitigation means avoiding and reducing emissions of harmful gases into the atmosphere.

Fossil fuels are responsible for the climate crises, but the COP29 text on mitigation is silent on the issue of fossil fuels and does not therefore strengthen the previous COP28 UAE deal. Saudi Arabia was accused of watering down the text by ensuring that “fossil fuels” do not appear in the final agreement. They were successful, as the final text states, “Transitional fuels can play a role in facilitating the energy transition.”

Earlier, while welcoming delegates to COP29, Azerbaijan’s President Ilham Aliyev left no one in doubt about his stand on fossil fuels, saying that oil and gas are a “gift from God,” praising the use of natural resources including oil and gas, and castigating the West for condemning fossil fuels while still buying the country’s oil and gas.

Against this backdrop, COP29 negotiations were never going to be easy, and although the Summit overran by about 30 hours more than expected, it was certainly not the longest COP, and it will certainly not be the most difficult as Baku has successfully entrenched bitter divisions and mistrust between the developed and developing world.

IPS UN Bureau Report

 

Brazil Vows to Make COP30 a Catalyst for Climate Action and Biodiversity Celebration

Biodiversity, Climate Action, Climate Change, Climate Change Finance, Climate Change Justice, Conferences, COP29, Development & Aid, Editors’ Choice, Energy, Environment, Featured, Global, Headlines, Human Rights, Sustainability, Sustainable Development Goals, TerraViva United Nations

Moisés Savian, Brazil's Secretary of Land Governance, Territorial and Socio Environmental Development at COP29. He looks forward to COP30 which will be held in his country. Credit: Umar Manzoor Shah/IPS

Moisés Savian, Brazil’s Secretary of Land Governance, Territorial and Socio Environmental Development at COP29. He looks forward to COP30 which will be held in his country. Credit: Umar Manzoor Shah/IPS

BAKU, Nov 21 2024 (IPS) – As Brazil gears up to host COP30 in Belém next year, Moisés Savian, the country’s Secretary of Land Governance, Territorial and Socio Environmental Development, outlined the event’s significance in showcasing Brazil’s environmental policies and fostering global collaboration.


In an interview with IPS, Savian highlighted Brazil’s progress under President Lula’s administration and outlined the country’s aspirations for the upcoming climate conference.

The 2025 UN Climate Change Conference (UNFCCC COP30) is scheduled for November 2025 in Belém, Brazil. This event will feature the 30th session of the Conference of the Parties (COP30), the 20th Meeting of the Parties to the Kyoto Protocol (CMP20), and the seventh Meeting of the Parties to the Paris Agreement (CMA7). Additionally, it will include the 63rd sessions of the Subsidiary Body for Scientific and Technological Advice (SBSTA63) and the Subsidiary Body for Implementation (SBI63).

A Moment to Shine

“The next COP is a significant opportunity for Brazil. Our nation is blessed with immense natural resources, diverse ecosystems, and cultural richness. Hosting this event allows us to highlight our environmental policies and contribute meaningfully to the global dialogue on climate action.”

Savian said that past COPs held in nations like Dubai and Azerbaijan were remarkable in their own right but Brazil’s edition will be distinct.

“Brazil’s unique societal fabric, comprising contributions from people across the globe, coupled with its vast ecological diversity—from the Amazon to the Cerrado—will add an unparalleled dynamism to COP30,” he said.

Achievements in Environmental Protection

Savian says that under President Lula’s administration, Brazil has made significant strides in reducing deforestation and transitioning toward sustainable agriculture. “In the past year alone, we have reduced deforestation by 30 percent in the Amazon and 25 percent in the Cerrado. These achievements reflect our commitment to protecting our vital biomes.”

In the agricultural sector, Brazil is heavily investing in an ecological transition to reduce emissions. 

In 2023, Brazil revised its Nationally Determined Contribution (NDC) and enhanced its climate ambitions, committing to a 53 percent reduction in emissions by 2030. The country aims to position itself as the first G20 nation to achieve net-zero emissions while fostering job creation and economic prosperity. Brazil is also finalizing its 2035 emissions reduction targets, focusing on combating deforestation, promoting sustainable agriculture, decarbonizing industries, implementing nature-based solutions, expanding renewable energy sources, advancing sustainable transportation, and developing the bioeconomy. However, despite these initiatives, Brazil’s climate plans have received only a fraction of the necessary funding to meet its ambitious goals.

According to Savian, focusing on traditional and indigenous populations, ensuring their rights and territories are preserved is extremely important. “We are formulating a specific national plan for family farming, which constitutes the majority of our rural population. These communities are often the most affected by climate extremes, so targeted public policies are essential.”

Global Responsibility and Support

Savian also addressed the role of developed nations in supporting climate adaptation and mitigation in countries like Brazil. He outlined four key areas where global cooperation is essential.

Financing Climate Action- Developed countries must deliver on their promises to fund climate initiatives. Technological Support- Advanced technologies from these nations can aid in decarbonizing economies like Brazil’s. Sustainable Consumption- A focus on low-carbon products and sustainable supply chains is crucial. And Knowledge Exchange-Collaboration in research and capacity-building is vital for global progress.

“Less than 1 percent of global climate financing currently reaches family farmers and traditional communities. This needs to change. While funding is critical, so too are clear criteria for its allocation and ensuring it reaches those who need it most.”

Challenges and Priorities for COP29

Commenting on COP29, Savian expressed concerns about slow progress in implementing commitments. He stressed the need for tangible outcomes in three key areas Climate Financing—establishing actionable frameworks and ensuring funds reach grassroots communities; finalizing regulations to operationalize carbon trading and monitoring mechanisms, including setting up indicators to track progress and results.

“Without a focus on family farming and food system transformation, there can be no just transition,” he said.

Brazil’s Vision for COP30

Savian expressed confidence in Brazil’s readiness to host COP30, acknowledging the logistical challenges posed by Belém, a city of 1.5 million people.

“Despite these hurdles, we are committed to showcasing Amazon to the world. This will be a chance for global leaders and citizens to engage with the heart of Brazil’s environmental efforts.”

He also highlighted Brazil’s track record of successfully hosting major international events under President Lula’s leadership. “We aim to make COP30 a transformative experience that advances climate goals and deepens global appreciation for Brazil’s biodiversity and environmental stewardship,” Savian said.

 

It’s a Deal—Wealthy Nations Pledge Not to Build New Unabated Coal-Power Plants

Climate Change, Climate Change Finance, Climate Change Justice, Conferences, COP29, Development & Aid, Editors’ Choice, Energy, Featured, Headlines, Poverty & SDGs, TerraViva United Nations

Activists speak out against fossil fuels amid a new pledge from wealthy nations and EU against new unabated coal power plants. Credit: Joyce Chimbi

BAKU, Nov 21 2024 (IPS) – Of all fossil fuels, coal has had the most serious and long-term effects on global warming. When burnt, coal releases more carbon dioxide than oil and gas, producing an estimated 39 percent of the global carbon dioxide emissions. Yet, coal is still the number one energy source, providing nearly 40 percent of the world’s electricity.


A COP29 deal struck on Wednesday November 21 now holds the promise to change the fossil fuel landscape and climate change trajectory, placing the world back on track to net zero. Twenty-five countries and the EU have now pledged not to build any new unabated coal-power plants in their next round of national climate plans in bid to scale up ambitions in the next phase of climate action.

Fossil fuels are highly polluting. The ‘no new unabated coal power’ COP29 initiative was signed by EU climate envoy Wopke Hoekstra to pledge that when the 25 nations submit their national climate plans by February 2025 along with all other nations party to the Paris Agreement, theirs will reflect no new unabated coal in their respective energy systems to accelerate phasing out of fossil fuels.

In reference to fossil fuels, ‘unabated’ means taking no measures to reduce the carbon dioxide and other greenhouse gases released from the burning of coal, oil, and natural gas. Abated refers to attempts to decrease release of polluting substances to an acceptable level.

“I’m often asked what gives me confidence that we can get this job done.  The answer is lots of things.  Quiet acts of solidarity, from people who get knocked down, but who refuse to stay down.  But there are also big things – the macro trends that aren’t up for debate.    And there’s none bigger than the global clean energy boom – set to hit two trillion dollars this year alone.  And it’s just getting started,” Simon Stiell, the executive secretary of the United Nations Framework Convention on Climate Change, stressed.

“Money talks, and as we enter the second quarter of this century, it is saying loud and clear: there is no stopping the clean energy juggernaut, and the vast benefits it brings: stronger growth, more jobs, less pollution and inflation, cheaper and cleaner energy. The list of benefits goes on.” 

The coalition of nations backing the diplomatic campaign to encourage all countries to end new coal power is constituted of mostly wealthy nations such as Germany, France, Canada, the United Kingdom and notably Australia – a major coal producer. This is the latest pledge towards curbing use of the fuel and phasing out fossil fuels in line with the COP28 deal.

The pledge is incredibly critical for despite coal being extremely dangerous to the global climate goals, a coal boom is unfolding. Data in the Global Coal Plant Tracker show that “69.5 GW of coal power capacity was commissioned while 21.1 GW was retired in 2023, resulting in a net annual increase of 48.4 GW for the year and a global total capacity of 2,130 GW. This is the highest net increase in operating coal capacity since 2016.”

COP29 has been centered around a new deal for climate financing to support the third Nationally Determined Contributions in the developing world, but delegates have not lost sight of the COP28 landmark deal when nearly 200 nations—for the first time—called on all nations to transition away from fossil fuels.

Activists want a net-zero world and they want it now, calling for ambitious climate actions to save the planet. Credit: Joyce Chimbi/IPS

Teresa Anderson, the Global Lead on Climate Justice at ActionAid International, told IPS, “Just transitions and climate finance have to go hand in hand. Last year’s agreement to transition away from fossils was an important step. But without finance to make the just transition a reality, developing countries are in a bind.”

Stressing that climate-hit countries want to “leapfrog the fossil fuel era and scale up renewables, but can’t do so when they are being pushed deeper into debt by the climate crisis. To finally unlock the climate action the planet needs, COP29 needs to agree on an ambitious finance goal worth trillions of dollars in grants each year. Ensuring a just transition in energy is about much more than encouraging corporate investment and can’t just be left up to the private sector.

“When shifting away from fossil fuels, governments have a responsibility to actively involve communities in planning, training, social protection and ensuring energy access and secure livelihoods. Public services can join the dots, and have a key role in the just transition. The new climate finance goal has to provide trillions of dollars in grants, not loans or corporate investment targets,” Anderson observed.

Hailed as a major progressive step in the journey towards phasing out fossil fuels, the initiative is nonetheless not the silver bullet to end coal. The new commitment does not compel nations to stop mining or exporting coal. Notably, the world’s greatest coal-power generators, such as the United Nations and India, are not part of the initiative. Nonetheless, despite coal power growing in the past years despite the COP28 deal on fossil fuels, Hoekstra expressed optimism that this call to action will set the ball rolling towards a much-needed fossil fuel phasing out.

IPS UN Bureau Report

 

COP29 Focus On Climate Migration as Hotter Planet Pushes Millions Out of Homes

Civil Society, Climate Change Finance, Climate Change Justice, COP29, Development & Aid, Editors’ Choice, Featured, Global, Headlines, Human Rights, Humanitarian Emergencies, Labour, Migration & Refugees, Sustainable Development Goals, TerraViva United Nations

COP29

Ugochi Daniels, the Deputy Director General for Operations at the International Organization for Migration (IOM), speaks to IPS Senior Journalist Joyce Chimbi. Credit: IOM

Ugochi Daniels, the Deputy Director General for Operations at the International Organization for Migration (IOM), speaks to IPS Senior Journalist Joyce Chimbi. Credit: IOM

BAKU, Nov 20 2024 (IPS) – Migration is growing as the planet gets even hotter. Climate change is fuelling a migration crisis and millions of people in vulnerable nations are continually being uprooted from their homes. The climate and migration nexus are undeniable and the global community has turned to the Baku climate talks for urgent and sustainable solutions.


Ugochi Daniels, the Deputy Director General for Operations at the International Organization for Migration (IOM) spoke to IPS about displacement of people due to the impact of climate change and its different dimensions, such as disaster displacement, labor mobility, as well as planned relocation. She also talked about the magnitude of this pressing problem, as nearly 26 million people were displaced due to the impact of climate change in the last year alone.

“This impact is destroying people’s livelihoods. The farms they used to farm are no longer viable and the land can no longer sustain their livestock. So, people then move, looking for job opportunities elsewhere. Then there is planned relocation, which IOM supports governments to do. When governments know certain communities can no longer adapt as the impact of climate is so great that they are going to have to move, rather than waiting for the climate impact to happen to move and probably not in as organized a way as possible, governments plan for it. That is what we refer to as planned relocation,” she explains.

Ugochi Daniels, the Deputy Director General for Operations at the International Organization for Migration at COP29. Credit: Joyce Chimbi/IPS

Ugochi Daniels, the Deputy Director General for Operations at the International Organization for Migration at COP29. Credit: Joyce Chimbi/IPS

Stressing that climate migration is on track to be an even bigger global crises, with World Bank estimates showing that “216 million people will be displaced due to the impact of climate by 2050 and that they will be displaced within their countries. Nearly a billion people are living in highly climate-vulnerable areas. Trends are showing that when people are displaced, it is often due to a mix of many factors. So, if a community is hit by an extreme weather event, and at the same time the necessary investments were not made, there is no way for the community to absorb the shock of the extreme weather event.”

Daniels notes that with progressive COPs, each year is also becoming the hottest in recorded history and there are more disasters such as heat waves, droughts, floods and hurricanes. Saying that these issues are increasingly becoming a lived reality for even more people. Further referencing the recent flooding in Spain, in addition to all the disasters unfolding in the developing countries. In turn, this is increasing awareness of the impact of climate change on people.

“Of the estimated 216 million people moving by 2050, nearly half of them are in Africa—86 million in sub-Saharan Africa and 19 million in North Africa. Africa is highly vulnerable amid all the other development issues that the continent is dealing with. And we know that, looking at Africa alone, water stress will affect 700 million people by 2030. The reality is that we are experiencing the impact of climate. We had unprecedented flooding in Nigeria this year and it is not just Nigeria—there is Chad and the Central African Republic and the Eastern Horn of Africa has faced similar events in recent times, and we have the El Niño and La Niña in Southern Africa,” she explains. 

Daniels says they are encouraged and satisfied because human mobility is integrated into submissions for the Global Goal on Adaptation and that they are unified around this issue. There is also the Kampala Declaration on Migration, Environment and Climate Change, which has already been signed by over 40 countries in Africa and the regional groups in the Pacific Island States and the islands have all prioritized the issue as it is their lived reality.

“As IOM, our presence at COP is in supporting member states in raising visibility and awareness on the link between climate change and migration and displacement. Having said that, within the negotiations, and we are still waiting to see what comes out, we hope that this continues. We count on member states in making sure that the impact on vulnerable communities is recognized, that vulnerable communities are prioritized for climate financing, and that migration is factored in as a positive coping strategy for adaptation,” Daniels observes.

She emphasises that “when we talk about displacement, we also have to recognize that as things stand, migrants, through formal and informal means, remit a trillion dollars a year. And a lot of that is going to developing and middle-income countries. And when I met with the diaspora at COP last year, they said to me, ‘We are financing loss and damage now.’ We have seen that remittances have stayed resilient since COVID-19 and continue to go up. So here at COP, it is not just recognition of climate change and human mobility, which has been in the covered decision at least for the last three COPs. But it is also about integrating this into the different instruments and mechanisms, whether it is financing or in the indicators.”

Further speaking to the issue of the operationalization of the Loss and Damage Fund. Saying that whereas there are 64 funds globally specific on climate, the Loss and Damage Fund is the only one that has a window specific for vulnerable communities. As member states continue their negotiations, IOM is looking forward to solutions that, for instance, improve access to climate finance, ensuring that in the new financing path, the loss and damage fund supports vulnerable communities to adapt or migrate safely. Emphasising the need for regional cooperation to manage climate-related migration and how climate migration features in the national adaptation plans.

“Importantly, vulnerable communities. need to be part of the solutions. They need to be at the table where these decisions are being made. IOM is one of the—it is actually the only UN organization—that is one of the representative agencies supporting the Loss and Damage Fund and implementation of the fund. Our top priority is the engagement and participation of those most affected so that they have a voice at the table. Well-managed migration is a very effective adaptation strategy. Human civilization has been shaped by migration and this will continue. Climate and other factors will continue to trigger movement,” Daniels says.

“We have the tools. We know what the solutions are. There is the global compact on migration, which is how countries have agreed they will cooperate for better migration management and better migration governance. So, because we know migration has shaped our history and that it will shape our future, we have no excuse for not ensuring that it is safe, dignified, and regular. Whatever we do not do, the traffickers and smugglers will do.”

Stressing that in the process, there will be more people dying, “We will have increased vulnerabilities, and the business model and the industry of trafficking will just continue to grow. So, the urgency for climate action is here and now and there is really no excuse for why we are not collectively working on this. The evidence is there. The solutions are there. The agreements are there too. So, we are here at COP to do our best to ensure it happens.”

IPS UN Bureau Report

  Source