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Donors must do more to align development finance with climate goals

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Donor countries must do more to bring development finance in line with climate goals, raising the share used for climate action and reducing to zero the amount that supports new fossil fuel activities, according to a new OECD report.

Aligning Development Co-operation and Climate Action: The Only Way Forward finds that only 20% of development finance provided each year by members of the OECD Development Assistance Committee (DAC) over 2013-17 included a focus on climate change. For multilateral providers such as U.N. agencies and international development banks, 40% of finance included a climate focus. Overall, while development finance used for renewables and energy efficiency is rising, this continues to be undermined by the financing of new fossil fuel-based energy.

“It is encouraging to see donors moving in the right direction to bring development finance in line with climate goals, but we must not rest until we have zero aid going to fossil fuels and more going to tackle climate change,” said OECD Secretary-General Angel Gurría. “Given the climate emergency we are facing, and the fact developing countries will suffer some of the greatest impacts, there is simply no excuse for using foreign aid to subsidise fossil fuels.”

The report looks at both concessional (grants and loans on generous terms) and non-concessional development finance from DAC-members, non-DAC members and multilateral providers.

It finds that globally, countries have roughly doubled flows of development finance going to support renewable energy since the 2015 Paris Agreement, from an average of USD 5.6 billion per year in 2014-15 to USD 12.2 billion per year in 2016-17.

Yet in 2016 and 2017, an annual average of USD 3.9 billion – 1.4% of total development finance of USD 283 billion – was used for fossil fuel activities. Of that amount, 23% was bilateral aid from DAC members. Almost all of the remaining 77% was development finance from multilateral providers.

Momentum is growing as more bilateral and multilateral providers commit to aligning development flows with the Paris Agreement. A number of multilateral providers are reducing financing for coal-fired power generation and making further commitments to steer more finance away from fossil fuels. For example, the European Investment Bank Group (EIB) recently committed to align all financing activities with Paris Agreement goals by 2020 and stop financing fossil fuel energy projects from the end of 2021. A survey of aid providers carried out for the report found that a third of respondents have exclusion lists for fossil fuel intensive activities.

Yet progress is not happening quickly enough, and many donors still lack mandates, resources, incentives and strategies to ensure they are factoring in climate change. In addition to development flows, export credits are a major public instrument for trade promotion that undermine climate goals. According to an analysis of OECD countries that have reported data, 58% of official export credits that support energy production benefit fossil fuel technologies.

Aid activities that are inconsistent with the Paris Agreement, such as financing infrastructure or economic activities that are high-emitting and not climate resilient, risk locking countries into development pathways that will exacerbate and increase vulnerability to climate change. These risks create stranded assets and debt distress, making it harder to achieve the 2030 Sustainable Development Goals. Low-emissions, climate-resilient pathways are the only sound option for achieving sustainable energy access and poverty reduction goals.

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Environment

UNESCO ‘eDNA’ initiative to ‘unlock’ knowledge for biodiversity protection

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To understand the richness of biodiversity across World Heritage marine sites, the UN scientific organization launched on Monday a project to protect and preserve biodiversity, based on the study of environmental DNA – cellular material released from living things into their surroundings. 

Launching the new programme, the UN Educational, Scientific and Cultural Organization (UNESCO) said that scientists and local residents would take samples of genetic material from fish waste, mucous membranes or cells, eDNA, to monitor species. 

Marine World Heritage sites play a critical role in protecting marine ecosystems of exceptional universal value and provide opportunities for the public to appreciate and preserve marine environments”, reminded UNESCO Assistant Director-General for Culture, Ernesto Ottone Ramírez. 

Species under threat 

UNESCO said that the two-year initiative would help measure the vulnerability of marine biodiversity to climate change and its impact on the distribution and migration patterns of marine life across World Heritage sites. 

The eDNA project, which involves collecting and analyzing samples from the environment – such as soil, water and air – rather than an individual organism, will also better monitor and protect endangered species included in the International Union for Conservation of Nature (IUCN) Red List.  

Climate change is affecting the behaviour and distribution of underwater life and we must understand what is happening so we can adapt our conservation efforts to evolving conditions”, explained the UNESCO official. 

Beneath the waves 

UNESCO’s marine World Heritage sites are recognized for their unique biodiversity, outstanding ecosystems, or for representing major stages in Earth’s history.  

In the context of the UN Decade of Ocean Science for Sustainable Development (2021-2030), the project was launched to contribute to the understanding of global trends and knowledge to preserve marine ecosystems. 

Since 1981, when Australia’s Great Barrier Reef was inscribed at UNESCO’s first marine site, a global network of 50 others are now included as “beacons of hope for healing the ocean”, according to the UN agency. 

Guided by expert support, the eDNA project will engage local citizens to gather material, so samples such as particles gathered through water filtering, can be genetically sequenced in specialized laboratories, without having to disturb animals themselves.   

Implemented by UNESCO’s Intergovernmental Oceanographic Commission (IOC) and World Heritage Centre, IOC chief Vladimir Ryabinin described the project as “a step toward the Ocean Decade’s vision of unlocking the knowledge we need to create the ocean we want by 2030”. 

Breaking new ground 

The use of eDNA in ocean monitoring and data collection is still in its infancy and standard protocols for sampling and data management will be streamlined in UNESCO’s groundbreaking eDNA project.  

For the first time, it will apply a consistent methodology across multiple marine protected areas simultaneously, helping establish global standards, data monitoring and management practices while making that information available to the public. 

All data will be processed and published by the Ocean Biodiversity Information System (OBIS), the world’s largest open-access data system on the distribution and diversity of marine species, maintained and collectively supported by a worldwide network of scientists, data managers and users.  

Sustainability goal 

The project works to advance the world’s understanding of life in the ocean, and establish conservation and management policies indicators.   

“eDNA sampling can provide an innovative, affordable, and long-awaited capacity to better understand the ocean ecosystems, their composition and behaviour, and to start managing ocean resources more sustainably”, said Mr. Ryabinin. 

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Environment

Act Urgently to Preserve Biodiversity for Sustainable Future — ADB President

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The world must act urgently to preserve ecosystems and biodiversity for the sake of a sustainable future and prosperity, Asian Development Bank (ADB) President Masatsugu Asakawa said at the opening of a global event on biodiversity here today.

“The world is at a critical turning point. If we are to reverse the alarming decline in nature, we must respond with urgency and coordinated action,” Mr. Asakawa said. “These efforts are needed to ensure the survival of our ecosystems, and for the sake of our shared future and prosperity.”  

Asia and the Pacific is one of the most biodiverse regions in the world—home to 17 of the 36 global biodiversity hotspots, 7 of the 17 megadiverse countries, and the greatest marine diversity. “If restored and well-managed, these natural capital assets can help to mitigate global climate change and biodiversity loss in a cost-effective and impactful manner,” Mr. Asakawa said in his opening remarks at the Ecological Civilization Forum at the 15th Conference of Parties to the Convention on Biological Diversity (COP15) in Kunming, the People’s Republic of China (PRC).  

The event is cohosted by the PRC’s Ministry of Ecology and Environment, Yunnan provincial government, and the Secretariat of the Convention on Biological Diversity. Participants include high-level representatives from governments, the private sector, development agencies including ADB, and civil society. 

ADB is committed to helping accelerate and increase nature-positive investments in Asia and the Pacific. “Through our ADB Nature-Positive Investment Roadmap, we are working with partners to scale up finance, develop knowledge of natural capital, and generate financially sustainable projects that deliver on biodiversity and healthy ecosystems,” Mr. Asakawa said.

At COP15, ADB is launching a new publication, Greening Development in the People’s Republic of China, which outlines how ADB and the PRC have successfully partnered to promote green development and ecological restoration in a way that complements economic and social priorities. 

In partnership with the Chinese Academy of Science and Stanford University, ADB is sharing progress on its new Natural Capital Lab due for launch in 2022. This will be a digital platform for sharing methods for valuing biodiversity and ecosystems, and for building knowledge, capacities, and alliances across the region.  

In addition, ADB with partners will be launching the Regional Flyway Initiative that will conserve ecosystem services that support people and critical habitats for more than 50 million migratory waterbirds.

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Greenpeace Africa reacts to DRC President’s decision to suspend illegal logging concessions

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forest

The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, ordered on Friday, October 15th, the suspension of all dubious logging concessions, including the 6 granted in September 2020. Greenpeace Africa, one of the civil society organizations that denounced these concessions, applauds the decision taken by the Head of State and encourages him to remain vigilant and ensure its effective execution by Deputy Prime Minister Ms. Eve Bazaiba.

Greenpeace Africa reiterates its call for maintaining the moratorium on new industrial logging concessions to prevent a human rights and climate catastrophe. This logging sector, characterized by bad governance, favors corruption and remains out of touch with the socio-economic needs of the Congolese people and the climate crisis we live in.

Irène Wabiwa Betoko, Head of the International Congo Basin Forest Project of Greenpeace: “The decision of H.E. President Tshisekedi against the illegal actions of former Minister Nyamugabo sends an important message to the Congolese people and their government. It is also a red light for the plans of Ms. Ève Bazaiba, current Minister of the Environment, to open a highway to deforestation by multinational logging companies through lifting the moratorium on new industrial concessions.”

The President asks to “Suspend all questionable contracts pending the outcome of an audit and report them to the government at the next cabinet meeting.” Greenpeace Africa maintains that the review of illegalities in the forest sector must be transparent, independent, and open to comments from civil society organizations.

Ms. Wabiwa adds that “Both the protection of the rights of Congolese peoples and the success of COP26 require that the moratorium on granting new forest titles be strengthened. We again call on President Tshisekedi to strengthen the 2005 presidential decree to extend the moratorium.”

Ms. Wabiwa concludes that “instead of allowing new avenues of destruction, the DRC needs a permanent forest protection plan, taking into account the management by the local and indigenous populations who live there and depend on them for their survival.”

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