From the latest wave of Climate Change reports to next week’s COP 24 Conference in Katowice, Poland

As Katowice gets ready to host the international community at COP24 next week, Bloomberg has identified the key issues facing the talks.

 

As world leaders prepare to head to Katowice in Poland next week for the COP24 Conference on Climate Change Brazil has withdrawn its offer to host next year’s event in Rio de Janeiro, citing ‘current fiscal and budget constraints, which are expected to remain in the near future.’ The move is seen by environmental groups as a part of President-Elect Jair Bolsonaro’s stated intention to withdraw from the Paris Agreement. The UN will now see if another South American country could host the conference, with Bonn, Germany serving as a fall back option if no suitable location can be found.

 

With China set to invest more than USD $6 Trillion in low-carbon power generation and other clean energy technologies over the next 20 years, the country will be a key to maintaining the momentum driving low-carbon technologies according to the International Energy Agency. China’s unique position to develop large scale infrastructure projects is leading some experts to believe China’s Belt and Road Initiative will play a key role in reducing global emissions as China looks to capitalise on its investment in developing clean technology and establish itself as ‘the world’s first clean energy superpower’.

 

A new UNEP report warns it will take a ‘fivefold’ increase in climate commitments if the world is to limit global warming to a 1.5C increase.

 

Climate Aid exceeded USD $70 Billion in 2016 according to the UN. While the figure shows progress it’s still far from the target for USD $100 Billion of Climate Aid by 2020, a target that observers fear will not be met, particularly as the US and Australia have both stopped contributing to the Green Climate Fund as part of a broader policy of Climate Change Denial.

 

The OECD, World Bank, and UNEP have submitted a joint report to the G20 calling for ‘a radical shift in financing for a low-carbon, climate-resilient future.’ Financing Climate Futures: Rethinking Infrastructure outlines key actions related to public and private financial flows to drive low-carbon investment.

 

Perspectives on Global Development 2019, a new OECD report on global development, is calling on world leaders to design development strategies with a broader focus than just economic growth. While the report does not dismiss the importance of economic growth, the authors note that economic growth does not ‘automatically yield improvements in well-being,’ calling on countries to consider social and environmental concerns in their development strategies.

 

The World Bank has announced plans to issue USD $600 Million in new bonds to fund protections for water resources in developing countries at the Sustainable Blue Economy Conference in Nairobi.

 

The 5th Edition of the Global Nutrition Report has been published. While the report notes progress has been made on the nine targets assessed under the report, no country is on-track to achieve all nine with only five countries on-track to achieve four targets, the highest number of any country on the list. Though the report recognises there is much work needed to end malnutrition, the authors believe that solutions already exist, calling for greater action from world leaders to remove the obstacles to solving the crisis.

 

The UK development finance agency CDC Group plans to invest USD $4.5 billion across Africa over the next four years as Britain looks to boost ties in the continent as it prepares to leave the EU.

 

The Gates Foundation is partnering with the World Bank to ‘accelerate innovative sanitation services’. The Urban Sanitation Innovative Partnership aims to provide USD $1 Billion in financing to improve sanitation access, particularly in poorer households.

 

The board of GAVI has begun to shape the Alliance’s approach for the period 2021-2025 in preparation for its next meeting in June 2019 when the board will adopt the 2021-2025 strategic goals.

 

The Boards of Bioversity International and CIAT have named Juan Lucas Restrepo Director General of Bioversity International and CEO-Designate of the Alliance between Bioversity and CIAT in 2020. Restrepo is currently the director of Agrosavia, the Colombian Corporation for Agricultural Research and has an extensive background in agricultural research.