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African leaders eye carbon market potential
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
Cop27 yields new deal on loss and damage
Progress made on loss and damage and on carbon markets, but not on emissions reductions
EU agrees to loss-and-damage fund
The bloc makes negotiating concession as it looks to tie loss-and-damage fund to mitigation
No new oil and gas to meet 1.5°C
Report from IISD says new hydrocarbon investments are not compatible with 1.5°C carbon budgets
Climate change threatens energy assets
More than 70pc of installed capacity is sited in regions that will face extreme heat and more tropical cyclones in future
Nigerian solar sector gains momentum
Companies are starting to invest in decentralised power projects as surging diesel prices drive demand for renewables in one of Africa’s least electrified countries
Labor win bodes well for Australia’s renewables sector
Government will remain under pressure on climate from growing electoral support for ‘teals’ and Greens
Net-zero targets ‘inadequate’ to hit Paris goals – McKinsey
Faster shift away from fossil fuels toward efficiency, electrification and new fuels needed to keep 1.5°C pathway in sight, according to consultancy
Climate pledges ‘could limit’ warming to 2°C
Previous research had suggested that pledges have only a 50pc chance of achieving 2°C target
Immediate action needed to achieve 1.5°C – IPCC
Limiting warming to around 1.5°C requires global greenhouse gas emissions to peak before 2025 at the latest, but annual figures are still rising
An African herdsman
Covid-19 Climate change Nigeria Venezuela
Joel Sam
3 March 2021
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Climate variation fuelling developing nation security risks

In a range of security and humanitarian contexts, changes to local conditions are multiplying risks and producing contagion effects

The absence of a globally coordinated response at the outset of the coronavirus outbreak represented an essential failure of international cooperation, according to UN secretary general Antonio Guterres in September 2020. Indeed, regional coordination was largely eschewed in favour of national or even local action. Understandably, respondents to the World Economic Forum’s Global Risks Perception Survey (GPRS) 2021, published in February, assessed “multilateralism collapse” as a critical long-term threat to stability. Over a near-term horizon, respondents emphasised their concern regarding “interstate relations fracture”, “interstate conflict” and “resource geo-politicisation”. They felt thes

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