This debate will dominate COP28: Should countries completely phase out fossil fuels for the energy sector or rely on the controversial carbon capture and storage (CCS) technology? A reality check of a technology that is being hailed as a holistic solution.
By Nico Beckert
The World Bank reforms agreed in Marrakech mark a milestone, says Rishikesh Bhandary, climate finance researcher at Boston University. Now it is a matter of putting them into practice. One particularly urgent task is to find a way to deal with the debt crisis.
By Alexandra Endres
The bloody conflict between Israel and Hamas also affects the COP28 climate conference in Dubai in six weeks. Besides security issues, new geopolitical tensions and rising gas and oil prices are a cause of concern for observers. There are even rumors that the conference will be canceled or postponed.
By Bernhard Pötter
At their annual meeting, the World Bank and the International Monetary Fund agreed on reforms for more climate action: New visions, easier lending, voluntary contributions from states and private individuals. But for the time being, the necessary capital and more say for developing and emerging countries are not forthcoming.
By Bernhard Pötter
Late Monday evening, the EU ministers defined their negotiating mandate for the UN climate conference in Dubai at the end of November. The role of CCS will be significantly restricted. However, the EU countries rejected a higher climate target (NDC).
By Lukas Knigge
In China, the fear of climate change doesn't translate into activism. Instead, the government offers hope through technological solutions. Nevertheless, the population is left with a diffuse fear in the face of extreme weather conditions, which finds outlets in other areas.
By Fabian Peltsch
The transformation of the World Bank into a climate-friendly transformation bank is the main topic at the annual meeting of the IMF and World Bank in Marrakech (Oct. 9–15). This new task will significantly increase the World Bank's capital needs. But important questions remain unanswered.
By Caspar Dohmen
The World Bank and the IMF plan to achieve climate-friendly global development. But a newly published report raises doubts. Three NGOs criticize: The example of Pakistan shows how the involvement of these financial institutions often exacerbates the climate crisis in the Global South. The current reform proposals also follow a false logic.
By Goswami Urmi
Hardly any other European country produces energy that is as harmful to the climate as Poland and clings so stubbornly to coal. The expansion of renewables is not being actively supported. Much remains haphazard and fragmented. Instead, Poland is relying on nuclear power. On Sunday, the country will elect a new parliament. A victory for the opposition could bring new momentum to the energy transition.
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The Green Climate Fund is intended to help developing countries reduce emissions and adapt to climate change. In Bonn, the fund was replenished with fresh money today. For the time being, however, the total amount is still lower than the last replenishment of the Green Climate Fund.
By Lukas Knigge
