If ratified, the Mercosur-EU trade deal may reinforce the parties’ commitment to climate action. Yet, its potential relevance is weakened by a language that often stops short of concrete commitments, as well as political resistance.
The exhibition Environment, Conflict and Cooperation (ECC) shows the unprecedented environmental pressures and climate extremes that the world faces today. The ECC Exhibition in Mexico is being organised by GFLAC and adelphi. It is supported by a grant of the German Federal Foreign Office and is part of the Climate Diplomacy initiative.
Climate finance is supposed to fund projects in developing countries that support the path towards limiting global warming to 1,5°C – a goal that was confirmed in the Paris Agreement in December 2015. For this it needs a paradigm shift to low-emission and climate-resilient development as the statute of the Green Climate Fund (GCF) states. At the same time, projects funded under climate finance should not hamper development or lead to the violation of human rights. Climate finance can therefore not only focus on the environmental aspects of the investments funded, but also needs to be incorporated into the wider context of development, as i.a. the Sustainable Development Goals (SDGs) are reflecting.
Latin America is facing a two-pronged challenge: double power generation by 2050 while reducing greenhouse gas emissions. The only solution? Green energy. Studies show that these two goals could be within the reach of Latin America, because this region still has huge untapped potential in terms of renewable energy.