“This report is a precursor to the launch of the 2016 AODP Global Climate 500 Index later this month. It provides useful insights into the performance of leaders across out five ratings criteria, revealing the highest ranked asset owners across each area, sectors and regions, as well as the largest laggards by fund size.”
Climate action by the G20 has reached a turning point, with per capita emissions falling in eleven members, and renewable energy growing strongly, but they must all urgently decarbonise their economies to meet an internationally agreed target to limit global warming to below 2 degrees Celsius, finds a country comparison by Climate Transparency.
The initiative has drawn upon detailed analysis by leading climate policy researchers, to compare the emissions, share of renewable energy, decarbonisation levels and policy performance of G20 countries, ahead of a summit of the world’s leading economies in Turkey on November 15-16. The comparison combined analysis by the Climate Action Tracker and the Climate Change Performance Index.
Climate Finance- Mechanisms established to help fund countries in their efforts to reduce emissions and adapt to the impacts of climate change.
GCF- The Green Climate Fund (GCF) is a fund set up through the United Nations Framework Convention on Climate Change (UNFCCC) with the intent to raise money from the developed world to help developing countries to reduce emissions and cope with the impacts of climate change.
In December 2015, countries will gather in Paris to finalize a new global agreement to tackle climate change.
Decisions about how to unlock finance in support of developing countries’ low-carbon and climate-resilient development will be a central part of the talks. But key questions about how to finance the larger, global transition, will remain largely unresolved.
These include, how much climate finance is needed around the world to deliver low-carbon energy systems and climate-resilience? How much investment is already flowing? Who are the key actors? And what is the optimal balance between public and private resources?
The Global Landscape of Climate Finance 2014 supports serious debate on these key questions by drawing together climate finance data from numerous sources to present policy makers with the most comprehensive information available about the scale, key actors, instruments, recipients, and uses of finance supporting climate change mitigation and adaptation outcomes.
Today, in an open letter to Heads of State, 22 business and civil society leaders from around the globe urged world leaders to play their part, and ensure a clear and ambitious long-term goal is part of the COP21 agreement.
With the meeting of the G20 this week and COP21 only a few weeks away, now is a critical time for these leaders to hear that business supports an ambitious climate agreement being made in Paris this December.
Download the full Open Letter here or read it below