Ten years after committing to rationalise and phase out inefficient fossil fuel subsidies, G20 countries still subsidise coal, oil and gas to the tune of around USD 150 billion annually. The process to try to move the G20 forward on this issue has been via peer review of fossil fuel subsidies, but these reviews need to be followed by action. Subsidy reforms could free up resources that could be channeled back into government programmes, which would be necessary to mitigate the impacts of rising energy prices on vulnerable populations and to help smooth reforms, and could also be spent on accelerating a clean energy transition.
In the Inner Mongolian county of Horinger, Northwestern China, afforestation efforts have transformed a barren, dusty landscape into a pine forest. Planting trees has diminished the sandstorms, boosted biodiversity and improved the environment generally. As the climate emergency worsens, the potential for planted trees to draw carbon out of the atmosphere is being re-examined. What can the world learn from the Chinese experience with afforestation?
As India grapples with the worsening impacts of climate change, the need to strengthen its adaptation efforts has become more significant than ever. Climate diplomacy and mainstreaming climate adaptation into the most vulnerable sectors could provide some solutions to overcoming barriers, such as the lack of sustainable funding.
From contentious rules on carbon trading, through efforts to raise ambition to who will host next year’s summit, negotiators have a full agenda this fortnight. Climate talks resume this week in Bonn, Germany, with negotiators working to finalise the last contentious points of the rulebook for the Paris Agreement.