Global Scans · Climate Action · Weekly Summary

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 13: Take urgent action to combat climate change and its impacts.

• [New] Setting climate finance goals: Developing countries demanded $1 trillion annually from 2025-2035 to meet emission targets, known as the New Collective Quantified Goal. Vajiram & Ravi
• [New] Substantial progress in reducing emissions from the hardest-to-abate sectors will likely be one of the main goals of climate policy in the 2030s. Resources for the Future
• [New] The world is facing an unprecedented crisis with nearly half of all children - about 1 billion - living in countries that face a high risk of climate and environmental hazards. Vajiram & Ravi
• [New] Changes in water availability caused by climate change could decrease hydropower generation by up to 23% by the year 2050, while electricity demand could increase by 2%. ScienceDaily
• [New] Islands are unique ecosystems that offer genuine opportunities to improve climate resilience, as well as support broader climate goals. Pest Control Technology
• [New] 1 in 5 jobs will be directly influenced by the shift towards a net-zero carbon economy, with the Climate Change Committee estimating that between 135,000 and 725,000 new jobs could be created across low-carbon sectors by 2030, across the range of different skills levels. GOV.UK
• [New] With climate change posing a growing threat to agriculture in Mali, ICRISAT's focus on developing drought-tolerant and pest-resistant varieties is crucial to ensuring food security and farmer livelihoods. The International Crops Research Institute for the Semi
• [New] The global trends of declining groundwater levels, coupled with decreasing streamflow, pose risks to global food security and ecosystem sustainability, limiting human adaptation to climate change. Nature
• [New] Climate change poses a critical threat to global food security, intensifying the vulnerability of agricultural systems. SpringerLink
• [New] With just five years left to reduce global emissions by 45%, as scientists say is necessary to limit warming by 1.5 °C, we cannot afford to delay or dismiss any available climate investment opportunities. ImpactAlpha
• [New] Researchers have determined that, without major changes, emissions from food production, largely from meat, will rise 60% by 2050, making global climate goals impossible even if the world were to stop burning fossil fuels today. Inside Climate News
• [New] Success on the COP 29 Presidency's top priority for the UN Climate Summit represents a significant uplift from the previous climate finance goal of $100 billion and will unlock a new wave of global investment. Energy Connects
• [New] Nations in the global south will need trillions of dollars to transition to cleaner economies and protect their populations from climate change. Carbon Brief
• [New] Developed nations have agreed to help channel at least $300bn a year into developing countries by 2035 to support their efforts to deal with climate change. Carbon Brief
• [New] Countries represented at the COP - 29 summit in Azerbaijan have agreed to a compromise deal on climate financing that will see more than $460 billion spent yearly to 2035 to help developing nations adapt to climate change. ABC News
• [New] Global Climate Goals: Argentina's exit, as the 24th-largest GHG emitter, could weaken international climate efforts and embolden other nations to reconsider their commitments, threatening the 1.5 °C target. 99Notes Best IAS Coaching Delhi
• [New] Negotiators from around 200 countries met in Baku, Azerbaijan over the past two weeks to decide on a new international climate finance goal, outlining how wealthier economies will support developing countries in their efforts to mitigate and adapt to climate change. Clean Energy Wire
• [New] Environmental NGOs called the target of providing 300 billion U.S. dollars to developing countries by 2035 weak, criticising that there was still a wide gap between what is promised and what countries actually need to mitigate and adapt to climate change. Clean Energy Wire
• [New] The increased dependence on multilateral development banks to deliver climate finance, agreed at COP 29, is a diversion that will enable private sector profit-making out of the climate crisis and allow developed countries to dodge accountability. Climate Action Network
• [New] 622 million people will live below the extreme poverty line of $2.15 per day by 2030.582 million people are expected to live in hunger by 2030, the same as in 2015.Global conflicts, climate change, and inequalities have further weakened progress. Vajiram & Ravi
• At the end of COP 29 in Baku (Azerbaijan), India will push for ambitious climate mitigation financing from developed nations. Civilsdaily

Last updated: 01 December 2024