Overview of UNFCCC Finance

by Bohdan Zymka In an effort to prepare for the coming COP in Warsaw, Earth in Brackets presents a brief overview of finance under the UNFCCC. The cost of climate change is rising. South Centre put the costs of mitigation and adaptation at 600 billion USD to 1.5 trillion USD per year, 5-10 times more then what has been pledged under the UNFCCC, and the costs of loss and damage have yet to be...

No money, mo’ problems

by Bogdan Zymka The clock is winding down in Doha and as the negotiations press on, the blank ivory pages under finance in the LCA have burned into our pupils like the setting Doha sun. So far, the only financial support that has been pushed through the text is more market mechanisms, despite major opposition from the developing world. Markets run on a profit motive, not a climate motive, when...

Twisted logic: no money for adaptation unless the rich can emit more, and profit from it.

by nathan thanki The old axiom “adapt or die” is haunting the halls of the UNFCCC in Doha. As has been made clear over the years of apathy and inaction, the industrialised world will do everything it can to avoid making serious emissions reductions. The resulting 0.8 degree celsius warming, and certainty of a further 0.8 degrees, mean that those who are particularly vulnerable are...

Financing Adaptation: Who Will Pay?

by Nathan Thanki and Graham Reeder Given that we’re now experiencing another summer of bizarre weather events, including deadly heat waves, wildfires, and storms in the US, and increased chances of another El Nino year, many in the US are finally opening their eyes to what scientists have been telling them for years: climate change is real, but not only that, it is happening now. Climate...

What happened to the hope of a green climate fund?

by Nathan Thanki In our pre-COP speculations, everyone thought that the GCF would be one of the key issues and (possibly) outcomes of Durban. The promise--of a new, large, additional, transparent fund that would be driven by the countries that received the money and guaranteed adaptation funding--was great, a light at the end of the dark tunnel through which parts of the regime, like the...