By Jaya Ramachandran

BONN (IDN) – While global estimates range between US$55 trillion and $93 trillion to stay within 2 degree Celsius of temperature increase by 2030-2035, developing countries in Asia alone need an estimated US$3.6 billion per annum up to 2030 to transition toward net zero emissions and increased resilience, according to ESCAP News.

If finance is to be scaled-up to these levels, it is essential to use lending and capital market channels to shore up resources to effectively tackle the impact of climate change, according to countries in Asia-Pacific which gathered on November 16 on the sidelines of global climate talks in Bonn to discuss opportunities to raise ambition to meet the goals of the Paris Agreement through innovative finance solutions. It was acknowledged that additional support from the international community was required to support this effort.…

By Jaya Ramachandran

BONN (IDN) – As the UN climate talks in Bonn (COP23) drew to a close, Friends of the Earth International (FoEI) bashed the rich countries for once again showing poor leadership by not taking serious action on climate change – despite new evidence showing emissions are on the rise.

FoEI’s Dipti Bhatnagar said: “Rich nations, including those calling themselves ‘climate leaders’, have brought crumbs to the table on pre-2020 climate action. But this is meaningless, as they continue to push dirty energy at home and overseas, and fail to support energy transformation in the South. As we learnt this week, emissions are set to rise again for the first time in three years. If nothing changes, then these so-called leaders have booked their spot on the wrong side of history.”…

By Ramesh Jaura

BONN (IDN) – Twenty-five years ago, governments came together at the Earth Summit in Rio driven by the idea that the world needed to change the way it was treating its environment.

From that idea, the United Nations Framework Convention on Climate Change (UNFCCC) was adopted – “and a movement began. A movement that, two years ago, resulted in the Paris Agreement,” said UNFCCC Executive Secretary Patricia Espinosa in her opening speech at COP23, the 23rd annual UN Climate Conference.…

By Jaya Ramachandran

BONN (IDN) – The 28-nation European Union and 79 countries of the African, Caribbean and Pacific (ACP) Group have reaffirmed their commitment to the implementation of the Paris Climate Agreement, which entered into force on November 4, 2016. They also urged all member states to ensure concrete progress at the UN Climate Change Conference (COP23).

COP23 is an abbreviation for the 23rd session of the Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in the former West German capital city Bonn, from November 6 to 17.

Both the EU and the ACP Group acknowledge the importance of this year’s conference to ensure the achievement of key milestones for the full implementation of the Paris accord.…

By A.D. McKenzie

PARIS (IDN) – A day after the latest UN Climate Change Conference (COP 23) began in Bonn, Germany, the French government upped the momentum by announcing concrete plans for its own “One Planet Summit” to be held December 12.

This summit will have more than 100 countries represented and will focus on financing to combat climate change, according to the organisers.

French officials said that “for the moment” U.S. President Donald Trump had not been invited, but that “numerous American players” who are mobilising for climate action will be present. In June, Trump announced plans to withdraw the United States from the Paris Agreement, to international criticism.…