The new U.S. Administration’s return to the table has put the multilateral climate protection process of the Paris Agreement back on the international agenda, but lower-income countries and fossil-resource rich countries are often overlooked. Their emissions trajectories are rising steeply and ratcheting up their targets would be essential to reach the Paris goals. But these two groups of countries are facing particular challenges and obstacles.
In low-income countries, a fast-growing population and a high vulnerability to climate damages can in the eyes of decision makers create a trade-off between investing in the necessary energy transition and the fast creation of jobs and income. In addition, their political and financial institutions have difficulties to absorb international financial transfers and to allocate them efficiently to local zero-carbon projects.
In fossil-resource rich countries, by contrast, climate policy threatens the single most important source of income. Moreover, heavy fossil-fuel subsidies often boost domestic energy consumption and stabilize the political order of these major oil, gas, and coal exporters.
Together with the keynote speakers Laurence Tubiana and Adam Sieminski the Forum Climate Economics 9 will integrate perspectives from the global North and South to shed light on the specific needs and challenges of these countries for ratcheting up their climate goals. Addressing these questions: What can the global North contribute to overcome these challenges? Which policies can facilitate the transition to a low-carbon economy in low-income countries? And how to support fossil-resource rich countries so they can keep the oil, gas and coal in the ground?
The Forum Climate Economics 9 will be preceded by small roundtable discussions on June 8 and 10, 2021. This Roundtable Series will discuss specific aspects of this forum in a small group with invited guests and provide input for the discussion.