WRI DIGEST
Highs and Lows from COP27
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The UN climate summit (COP27) concluded on November 20, 2022 with an historic breakthrough: After years of stonewalling, wealthy nations agreed to create a fund that will aid vulnerable nations with “losses and damages”
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from climate change. “This loss and damage fund will be a lifeline for poor families whose houses are destroyed, farmers whose fields are ruined, and islanders forced from their ancestral homes,” said WRI President and CEO Ani Dasgupta. “This positive outcome from COP27 is an important step toward rebuilding trust with vulnerable countries.”
But it wasn’t all good news. Negotiations failed to produce stronger language on emissions reductions or provide confidence that wealthy nations would honor their commitment to double adaptation finance by 2025. Read WRI’s statement for analysis of the highs and lows
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Vehicles and pedestrians struggle to use a flooded street in Dhaka, Bangladesh after intense flooding in 2021. Negotiators at COP27 established a fund to help vulnerable countries deal with the impacts of climate change. Photo by Sk Hasan Ali/Shutterstock
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A “Bioeconomy” for the Amazon
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Shortly after his re-election, Brazilian President-elect Luiz Inácio Lula da Silva
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made an appearance at COP27, where he vowed to protect and restore the Amazon rainforest after years of intense deforestation and resource extraction. WRI experts offer a path toward Brazil’s climate leadership. A “bioeconomy” in the Amazon would allow the country’s economy to grow while preserving the world’s largest rainforest. Read more
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How Countries Can Pay for Climate Action
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Financing countries’ national climate plans will cost trillions of dollars each year. And yet from 2019-2020, only $803 billion was spent annually. New WRI research details financial tools countries can use to close the growing gap. Learn more
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New Project Will Help African Cities Build Water Resilience
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Urban populations in Africa are projected to double by 2050 while the country’s water demands
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triple. WRI and partners launched the African Cities Water Adaptation Fund (ACWA Fund) at COP27 to address this urgent challenge. The fund will direct $5 billion to urban water resilience solutions in 100 African cities by 2032. “Our goal with the ACWA Fund and Platform is to ensure city leaders have a go-to facility that is responsive to their needs,” said Wanjira Mathai, WRI’s managing director for Africa and global partnerships. This announcement
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is one of several from WRI at COP27
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. Check out WRI’s COP27 Resource Hub for more news.
Read More EXPERT INSIGHTS
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UPCOMING EVENTS
Beyond Satellite Monitoring: Impacts on the Lives of Indigenous Communities in the Peruvian Amazon
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Tuesday, November 29, 2022
10:00 am - 11:00 am EST, Online
How Better Forests Lead to Better Cities
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Tuesday, November 29, 2022
10:00 am - 11:30 am EST, Online
How Behavioral Insights Can Shift EV Charging Habits and Boost EV Adoption in the U.S.
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Wednesday, November 30, 2022
12:00 pm - 1:15 pm EST, Online
Data For 24/7 Carbon-Free Energy Measurement and Tracking
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Tuesday, December 06, 2022
11:00 am - 12:00 pm EST, Online
Child- and Youth-Sensitivity in NDCs
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Wednesday, December 07, 2022
8:00 am - 9:00 am EST, Online
DigitalTransport4Africa (DT4A) Webinar Series: Data Collection Efforts in Informal Transportation & Shared Mobility Around the World
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Wednesday, December 07, 2022
9:00 am - 10:00 am EST, Online
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