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Time to go back to the drawing board

ADAPTATION TO CLIMATE CHANGE Apart of the historic Paris Agreement on Climate Change, agreed in 2015, was the pledge by developed countries to provide a minimum of USD 100 billion a year from 2020 onwards, to assist developing countries tackle climate change through both mitigation and adaptation. They also created a new funding body called…

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Paris Agreement on Climate Change revs up

The morning of last Monday in Marrakech, Laurent Fabius, the Environment Minister of France, who was president of the United Nations Framework on Climate Change’s (UNFCCC) 21st Conference of Parties (COP21) since last December, handed over the presidency to Hakima El Haite, the Environment Minister of Morocco. She has now taken over as President of…

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Bangladesh urges quick release of climate fund

(Originally published here) A high official yesterday complained that the release of global climate fund (GCF) meant for supporting the adaptation projects in vulnerable countries remains slow, hindering the implementation activities. “It needs to be expedited. The approach should not be like a banker,” said Dr Nurul Quadir, joint secretary of the Ministry of Environment…

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Political economy of climate finance

(Originally published here) As the implications of the Paris Agreement on Climate Change of 2015 become clear, financing of actions to tackle climate change on both the global and national level in every country will play a key role. These will, in turn, be influenced largely by the global and national political economy. In this…