Beyond the Paris Agreement: Climate Change Policy Negotiations and Future Directions

2018 ◽  
Author(s):  
S. Niggol Seo
Keyword(s):  
Climate Change ◽  
Climate Change Policy ◽  
Paris Agreement ◽  
Future Directions ◽  
Change Policy

scholarly journals Climate Change: Reversing the Past and Advancing the Future

AJIL Unbound ◽  
2021 ◽  
Vol 115 ◽  
pp. 80-85
Author(s):  
Daniel Bodansky
Keyword(s):  
Climate Change ◽  
Climate Change Policy ◽  
The United States ◽  
Paris Agreement ◽  
Montreal Protocol ◽  
Global Institutions ◽  
Change Policy ◽  
Global Action ◽  
Nationally Determined Contributions ◽  
Executive Action

After four years of not simply inaction but significant retrogression in U.S. climate change policy, the Biden administration has its work cut out. As a start, it needs to undo what Trump did. The Biden administration took a step in that direction on Day 1 by rejoining the Paris Agreement. But simply restoring the pre-Trump status quo ante is not enough. The United States also needs to push for more ambitious global action. In part, this will require strengthening parties’ nationally determined contributions (NDCs) under the Paris Agreement; but it will also require actions by what Sue Biniaz, the former State Department climate change lawyer, likes to call the Greater Metropolitan Paris Agreement—that is, the array of other international actors that help advance the Paris Agreement's goals, including global institutions such as the International Maritime Organization (IMO), the Montreal Protocol, and the World Bank, as well as regional organizations and non-state actors. Although the Biden administration can pursue some of these international initiatives directly through executive action, new regulatory initiatives will face an uncertain fate in the Supreme Court. So how much the Biden Administration is able to achieve will likely depend significantly on how much a nearly evenly-divided Congress is willing to support.

scholarly journals Global Recognition of the Importance of Nature-Based Solutions to Climate Change Impacts

2019 ◽  
Author(s):  
Nathalie Seddon ◽  
Elizabeth Daniels ◽  
Rowan Davis ◽  
Rian Harris ◽  
Xiaoting Hou-Jones ◽  
...  
Keyword(s):  
Climate Change ◽  
Global Climate ◽  
Climate Change Policy ◽  
Climate Change Impacts ◽  
Evidence Base ◽  
Paris Agreement ◽  
Change Policy ◽  
Ecosystem Science ◽  
Nationally Determined Contributions ◽  
Science Community

Ecosystems are not merely vulnerable to climate change but, if sustainably restored and protected, are a major source of human resilience. Not only is the evidence-base for the importance of these “Nature-based Solutions” (NbS) growing rapidly, but NbS are featuring with increasing prominence in global climate change policy. Here we report on the prominence of NbS in the 141 adaptation components of the 167 Nationally Determined Contributions (NDCs) that were submitted to UNFCCC by all signatories of the Paris Agreement. In total, 103 nations include NbS in the adaptation component of their NDC, 76 nations include them in both their adaptation and mitigation component, and an additional 27 include them as part of their mitigation plans only. In other words, 130 nations—or 66% of all signatories to the Paris Agreement—have articulated intentions of working with ecosystems, in one form or another, to address the causes and consequences of climate change. However, commitments rarely translate into robust science-based targets. As climate pledges are revised in 2020, we urge the ecosystem science community to work closely with policymakers to identify meaningful adaptation targets that benefit both people and the ecosystems on which they depend.

China will resist becoming climate change leader

2017 ◽  
Keyword(s):  
Climate Change ◽  
Climate Change Policy ◽  
The United States ◽  
Paris Agreement ◽  
Climate Impacts ◽  
Content Type ◽  
Pull Out ◽  
Change Policy ◽  
Trading Scheme ◽  
Export Industries

Subject China's climate change policy after US withdrawal from the Paris Agreement. Significance Beijing is seen as a potential global leader on climate change following US President Donald Trump’s June 2 announcement that Washington will pull out from Paris Agreement. China, the world’s largest greenhouse gas emitter, has already won applause simply by promising to honour existing commitment to the international climate accord. Impacts China prefers to aid developing countries through its South-South fund, so it is unlikely to contribute to the Green Climate Fund. Concerns over competitiveness, especially in export industries, will weaken the national carbon trading scheme due to launch this year. China will negotiate energy sector deals with the United States on economic criteria rather than environmental or climate impacts.

scholarly journals What does the Paris Agreement actually do?

2016 ◽  
Vol 27 (8) ◽  
pp. 883-895
Author(s):  
David Campbell
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Climate Change Policy ◽  
Paris Agreement ◽  
Legal Interpretation ◽  
Quarter Century ◽  
China And India ◽  
Change Policy ◽  
International Climate ◽  
Newly Industrialising Countries

Though very widely believed to be inadequate in the target it sets, the Paris Agreement is commonly thought actually to set a binding target of reducing global CO2e emissions so as to limit global warming to 2℃. Proper legal interpretation of the Agreement shows it to set no such target. It rather gives the newly industrialising countries such as China and India a permission to emit as much as they see fit. These countries have been principally responsible for the huge growth in emissions since 1990 and they will be responsible for their continued huge growth until 2030. The Paris Agreement therefore makes the policy of mitigation of global warming impossible. However, this policy has been impossible over the whole of the now more than a quarter century of international climate change policy.

scholarly journals Climate Transition Risk and the Impact on Green Bonds

2021 ◽  
Vol 14 (12) ◽  
pp. 597
Author(s):  
Yevheniia Antoniuk ◽  
Thomas Leirvik
Keyword(s):  
Climate Change ◽  
Negative Impact ◽  
Climate Change Policy ◽  
Paris Agreement ◽  
Climate Mitigation ◽  
Mitigation And Adaptation ◽  
Change Policy ◽  
Political Events ◽  
Significant Negative Impact ◽  
The Impact

The green bond market develops rapidly and aims to contribute to climate mitigation and adaptation significantly. Green bonds as any asset are subject to transition climate risk, namely, regulatory risk. This paper investigates the impact of unexpected political events on the risk and returns of green bonds and their correlation with other assets. We apply a traditional and regression-based event study and find that events related to climate change policy impact green bonds indices. Green bonds indices anticipated the 2015 Paris Agreement on climate change as a favorable event, whereas the 2016 US Presidential Election had a significant negative impact. The negative impact of the US withdrawal from the Paris agreement is more prominent for municipal but not corporate green bonds. All three events also have a similar effect on green bonds performance in the long term. The results imply that, despite the benefits of issuing green bonds, there are substantial risks that are difficult to hedge. This additional risk to green bonds might cause a time-varying premium for green bonds found in previous literature.

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