The funding is aimed at helping African countries manage the risks of a changing climate while unlocking new investment opportunities. The IFC and MIGA, the Group's private sector arms, will also grow their climate activities in Africa.
More than half of the $22.5bn financing will be devoted to supporting adaptation and resilience in Africa. This year, for example, the World Bank will provide the government of Ethiopia with a results-based support program for adaptation and resilience, the largest done by the World Bank ever in Africa. The new operation, which is currently under preparation, will provide $500 million for results in improved watershed management and land administration systems.
In addition, the World Bank, will carry out intensive Nationally Determined Contributions (NDC) engagements with Rwanda and Kenya, under the framework of the NDC Partnership, and with generous support from Germany's BMZ. The engagements will help accelerate the implementation of, and raise the level of ambition for, their NDCs by supporting systematic mainstreaming and institutionalization of climate adaptation and mitigation across and within key development sectors and governance levels.
(Source: World Bank Group, africanews.com, 14 Mar., 2019)
Contact: World Bank Group, www.worldbank.org
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The newly adopted Paris Accord Work Programme outlines the ways in which countries are required to count and report their greenhouse gas emissions as well as what they are doing to reduce emissions.
The deal, struck after an all-night bargaining session, will ultimately require every country in the world to follow a uniform set of standards for measuring their planet-warming emissions and tracking their climate policies. And it calls on countries to step up their plans to cut emissions ahead of another round of talks in 2020. It also calls on richer countries to be clearer about the aid they intend to offer to help poorer nations install more clean energy or build resilience against natural disasters. And it builds a process in which countries that are struggling to meet their emissions goals can get help in getting back on track.
A further agreement to pledge more aggressive action to fight global warming and to the market for international carbon emissions trading was postponed until a U.N. summit in New York in September, 2019)
(Source: Weather Channel, Environmental Defense Council, UPI, NYT, Various Media, 15 Dec., 2018)
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"The IPCC special report is a stark acknowledgment of what the consequences of global warming beyond 1.5 degrees will mean for billions of people around the world, especially those who call small island states home. This is not good news, but we cannot afford to ignore it." -- UN secretary general Antonio Guterres commenting on the slow progress of the COP24 talks centered on devising a rule book for implementing the 2015 Paris agreement and raising countries' level of ambition to counter climate change.
More Low-Carbon Energy News IPCC, Paris Climate Agreement, COP15, COP24, Climate Change,
"What does that mean? Not getting off fossil fuels but reducing emissions? You're not buying the CCS (carbon capture and storage) nonsense are you? Are you? If you see a separation between getting off fossil fuels as one thing and reducing greenhouse gas emissions as another, then the only way to reconcile those two positions is to believe in the tooth fairy."
"The window for action is closing fast -- we need to do more and we need to do it now." Gore added.
Note: According to the Global CCS Institute, 18 large-scale CO2 trapping facilities are in operation with five in various stages of construction, and another 20 in various stages of development worldwide. (Source: Daily Caller, Global CCS Institute, Various Media, 12 Dec., 2018) Contact: Global CCS Institute, Brad Page, CEO, www.globalccsinstitute.com
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The funding, which triples the overall funding for the REPP, could unlock an extra £156 million of private finance into renewable energy markets in Africa over the next five years, according to a release from UK Energy and Clean Growth minister Hon.Claire Perry.
The new investment adds to the £48 million previously committed to the REPP programme, which is already supporting 18 renewable energy projects in a range of countries from Tanzania to Burundi.
REPP is an innovative funding platform created by the European Investment Bank and the UNEP, and funded by the UK Department of Business, Energy and Industrial Strategy. REPP provides early-stage funding, advisory services, and results-based finance for the development and construction of small and medium-scale renewable energy projects in sub-Saharan Africa.
(Source: UK Energy and Clean Growth Ministry, 11 Dec., 2018) Contact: UK Energy and Clean Growth Ministry, Hon. Claire Perry, Minister, www.gov.uk/government/people/claire-perry; Renewable Energy Performance Platform, www.africa-eu-renewables.org
The IEA, a Paris-based intergovernmental organization, was established in the framework of the Organization for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.
(Source: EIA, Various Media, 10 Dec., 2018)Contact: International Energy Agency, Dr. Fatih Birol, Exec. Dir., +33 1 40 57 65 00, www.iea.org
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"Even as we witness devastating climate impacts causing havoc across the world, we are still not doing enough, nor moving fast enough, to prevent irreversible and catastrophic climate disruption." -- United Nations Secretary General Antonio Guterres speaking this week at the opening of the COP24 U.N. climate conference in Poland
More Low-Carbon Energy News Carbon Emissions, Climate Change,
In October, the Intergovernmental Panel on Climate Change (IPCC) warned that the world has only 8 years left to limit climate change catastrophe and that drastic cuts in carbon emissions will be needed if the world is to reach the COP15 pledge of keeping temperatures between 1.5C and 2C. Unfortunately, CO2 emissions hit a record high in 2017.
Although Poland has reduced its share of coal in power generation, the country still gets close to 80 pct of its electricity from the fossil fuel. Even so, Poland is planning construction of another major coal-fired power plant that the Environment Ministry promises will be the last.
However, some observers are skeptical since the the country's most recent energy plan would basically see the amount of coal in the energy mix remain unchanged at 80 pct until 2030, when coal reserves are expected to run dry.
Even so, Polish authorities are calling for a "just transition" for fossil fuel industries like coal which are facing closures as part of efforts to reduce greenhouse gas emissions.
(Source: REMI rfi, Others, Dec. 3, 2018)
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According to the WMO Greenhouse Gas Bulletin there has been a 41 pct increase in the warming effect by the various greenhouse gases on the climate, known as "radioactive forcing", since 1990. CO2 specifically accounts for about 82 pct of the increase in radioactive forcing over the past decade, according to figures quoted in the WMO report. The new report adds yet another building block of scientific evidence to inform decision-making at the upcoming UN COP24 climate change conference in Poland. The key objective of this meeting is to adopt an implementation plan for the 2015 Paris Agreement.
In its 2017 Statement on the State of the Global Climate, WMO said
"We have witnessed extraordinary weather, including temperatures topping 50 degrees C in Asia, record-breaking hurricanes in rapid succession in the Caribbean and Atlantic reaching as far as Ireland, devastating monsoon flooding affecting many millions of people and a relentless drought in East Africa. This is part of a long-term warming trend." (Source: World Meteorological Organization, 28 Nov., 2018) Contact: WMO, Petteri Taalas, Secretary General, +41 (0) 22 73 0811, www.wmo.int
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The meeting was attended by representatives of most of the countries party to the Paris agreement, including the US which the Trump administration has promised is pulling out of the pact. (Source: Various Media, Sept. 9, 2018)
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The UNFCCC is reporting from Bangkok that in n preparation for the upcoming COP24 climate conference meeting this December in Katowice, Poland, world governments are meeting in Bangkok to prepare guidelines for the implementation of the Paris Climate Change Agreement. The guidelines will make the Paris Agreement work fairly and transparently for all. The Bangkok meeting is the last opportunity before COP24 to accelerate negotiations.
The preparation of an official negotiating text on the implementation guidelines are needed to monitor progress on climate action, including measures to deal with climate impacts and are essential for determining whether emissions are being reduced at a sufficient rate to achieve the Paris Agreement's goals and to make the agreement's institutions fully operational beyond COP24. (Source: UN Environment, 3 Sept, 2018) Contact: UNFCCC, UN Climate Change, +49 228 815 1000, email@example.com, https://unfccc.int
More Low-Carbon Energy News COP24, Paris Climate Agreement, UNFCCC, Climate Change,