Paris Agreement

Soil plays a major role in protecting the environment. It serves as carbon reservoirs, the plots into which trees are planted, and a steward for producing climate-neutral fuels. But land-intensive climate action can give rise to conflicts and erode people’s rights. Even so, there is yet to be a resolution for this mounting global challenge in sight.

The world’s soils store more carbon than its forests, and this storage capacity is increasingly discussed as a contributor to climate protection. Tradable carbon credits were designed to incentivise the build-up or retention of carbon in the soil. However, they may in fact undermine efforts to reduce emissions.

The aggravating climate crisis has made the implementation of the Paris Agreement a central issue in German and European foreign policy. Nevertheless, the integration of climate and foreign policy is still fraught with uncertainties, both in its geostrategic and in its operational dimension. The 22nd Foreign Policy Conference of the Heinrich-Böll-Stiftung will focus on current debates at the intersection of foreign and climate policy and assess the prospects for a new carbon-neutral foreign policy.

A different policy mix of climate protection in the U.S. and EU creates tensions that make a close alliance very difficult. The deep political divide in the U.S. also raises doubts about the durability of climate policy cooperation.

Finance for Loss and Damage was a critical issue in the lead up to and at COP26. While the outcome in the Glasgow Climate Pact was underwhelming—a push by developing countries to establish a Glasgow Loss and Damage Facility could not overcome developed countries’ strong resistance—the momentum gained on this issue, if not derailed, can lead to more success at COP27 in Egypt.

COP26 in Glasgow started with a plethora of declarations. But in the end it failed to deliver on the real and immediate action needed to avoid climate catastrophe, and to address the demand for justice and equity for those most impacted by climate harms.

As in many previous global climate summits, progress on core climate finance issues at COP26 in Glasgow proved to be key to break negotiation deadlocks in overtime and to reach, often inadequate, compromises in a package deal delivered as the Glasgow Climate Pact.  Outside of the formal negotiations a dizzying array of new financing initiatives were announced. Skepticism is warranted regarding their staying power, accountability, and impact beyond the Glasgow PR blitz that promised some action but no systemic rethinking.

COPs are a time of a plethora of announcements, pledges and initiatives by countries, businesses and financial institutes. It is hard to keep up and even harder to distinguish between newsworthy reason for hope and old wine in new bottles. Lisa Tostado reports on the climate “communication nightmare” of welcoming progress while emphasizing the persistent astronomical gap to what would be Paris Agreement-compatible.