The United Nations has convened 27 conferences on climate change. For nearly three decades, the international community has come together at a different location every year to pool its collective wisdom, resources, and resolve to address this global threat. These Conferences of Parties (COPs) have produced important agreements, such as the Paris Accords of 2015 on the reduction of carbon emissions and most recently at Sharm el-Sheikh a Loss & Damage Fund to help countries currently experiencing the most impact from climate change.
And yet the threat of climate change has only grown larger. In 2022, carbon emissions grew by nearly 2 percent.
This failure is not for want of institutions. There’s the UN Environment Program (UNEP), which oversees the complex of international treaties and protocols, helps implement climate financing, and coordinates with other agencies to meet sustainable development goals (SDGs). The Intergovernmental Panel on Climate Change has marshaled all the relevant scientific data and recommendations. The Green Climate Fund is attempting to funnel resources to developing countries to advance their energy transitions. The Major Economies Forum on Energy and Climate, begun in 2020 at the instigation of the Biden administration, has been focusing on reducing methane. International financial institutions like the …read more
Source:: Institute for Policy Studies