Raising Climate Ambition

This course is deigned to raise the awareness of impact of climate change on regional economies and the urgency for climate action, to share ideas for potential overlaps with COVID19 responses, in addition to understanding and testing the available tools for compliance with the Paris Agreement.

Session Date Time Instructor
Session 1: Setting the Scene and Inspiring ideas 23 Nov 2020 - 14:00-15:25 (GMT+7) Bangkok Time Aneta Nikolova
Session 2: Actions, Tools and Methods 23 Nov 2020 - 15:35-17:30 (GMT+7) Bangkok Time Aneta Nikolova
Session 1: Setting the Scene and Inspiring ideas 24 Nov 2020 - 09:30-10:55 (GMT+7) Bangkok Time Aneta Nikolova
Session 2: Actions, Tools and Methods 24 Nov 2020 - 11:05-13:00 (GMT+7) Bangkok Time Aneta Nikolova

Abstract

With the adoption of the Paris Agreement the international community committed to keeping the global temperature increase between 1.5 and 2°C above pre-industrial levels and creating climate resilient societies, underpinned by necessary finance flows. Countries submitted Intended/Nationally Determined Contributions (NDCs) as their individual contribution towards meeting this objective. However, at the aggregate level, the emission reductions the NDCs entail are not enough to keep the world on track to limiting global warming to 1.5°C. Even if the NDCs were fully implemented, the world would still be on the path to warming between 3.5 to 4°C. Given the narrow window of opportunity available to prevent runaway climate change, 2019 and 2020 will be critical years in securing enhanced ambition needed to put the world firmly on the track for achieving the 1.5°C objectives the international community has collectively agreed to. The impact of COVID-19 is also significant with member states on putting the NDC implementation as a secondary priority and in some cases on hold. Yet, there are considerable opportunities for bringing together COVID19 and NDC responses.
Enhancing nationally determined contributions by 2020, which is in line with reducing greenhouse gas emissions by 45% over the next decade and reaching net zero by 2050, will require swift action from all stakeholders. The private sector will have a large role to play in the long-term transition and must be included in the discussion by national governments. While transitioning to low-carbon alternatives often poses a steep upfront investment, the cost of electricity produced by renewable energy installations has been decreasing rapidly and will soon be lower than even the cheapest fossil fuel options, providing long-term economic incentive for businesses to transition to alternative sources.
Most of the rules for the operationalization of the Paris Agreement are now in place. Therefore, it is time to rally behind governments and non-Party stakeholders (NPS), in an unprecedented manner, to support them address challenges in significantly scaling up efforts to reduce emissions and adapt to the impacts of climate change.