Climate policy as an economic engine: new plans encounter enthusiasm!

Climate policy as an economic engine: new plans encounter enthusiasm!

In the Nature Summit in Panama City, UN Climate Protection Secretary Simon Stiell has emphasized the urgency of new and ambitious national climate plans (NDCS). As Oekonews , strong climate policy and new NDCs are crucial for the stabilization of trade and economy in view of the global challenges Climate change. Stelled warned that climate change already influences important trade routes, such as the Panama Canal, and thereby slowed down shipping.

The falling water levels in the Panama channel have direct effects on the supply and prices, which in turn threatens existence. Extreme weather events, such as Dürren, also lead to harvesting and hunger. In this context, Stelle points out that the volatile price situation for fossil energies drastically increases the cost of living.

The global trend towards decarbonization

Despite the challenges, there are also positive developments. Stell emphasized that projects for clean energy are being created at a global level and investors are willing to make billions in investments. Climate policy can therefore be perceived as an effective remedy for economic uncertainties. The new NDCs should not only promote emission reductions, but also support industrialization and nature conservation.

essential for the implementation of these plans is the political will to lead, without which the existing strategies would remain ineffective. At the same time, Stell praised the global trend towards decarbonization, which is considered the greatest economic change of our time. Technological advances in electromobility, energy storage and renewable energies are also promising. For example, Brazil protects nature while China has announced comprehensive climate goals.

international cooperation as a key

Still emphasized the importance of international cooperation. This aspect plays a central role in international climate policy, which relies on an effective climate protection by reducing greenhouse gas emissions and adaptation strategies, as the Environmental Federal Office . There are 198 member states of the UN Climate Framework Convention (UNFCCC) that have been striving for binding and coordinated solutions since 1995.

However, negotiations also show that agreements are often difficult because all decisions must be taken unanimously. The fact that the emissions of carbon dioxide have tripled over the past three decades makes it clear the urgency that states have to act. As bpb notes, international climate policy is a constant challenge that supports with campaigns and initiatives such as the international alliance of the mayor is.

To contain specifically to climate change and its consequences, a significant reduction in greenhouse gas emissions is essential. The sixth status report of the IPCC has recommended a reduction of 43 % by 2030 and 60 % by 2035 compared to 2019. The summit of global greenhouse gas emissions should ideally be reached between 2020 and 2025 to avoid catastrophic consequences.

The challenges are still great, but international efforts and the increasing will to work out show that there are still hope to achieve the global climate goals.