Our foundation fights for democracy and human rights, argues for the social-ecological change, pleads for a solidary Europe and an equal social participation of all citizens. In our Annual Report 2019, we report on our work at home and abroad.
China’s emissions pathway during the coming decades is probably the single biggest factor in determining the achievability of the climate targets agreed in Paris. This fact is due to the still growing size of the Chinese economy and its carbon intensity, based on its reliance on coal to fuel the power system. This paper contributes towards fostering a deeper understanding of the challenges and the potential of Chinese-European interaction in the transition to a zero-carbon economy
Fossil fuel development, in particular oil and gas, promised vast riches in the past. Today it is exposing fossil fuel producers and their creditors to a massive stranded asset risk. Technological disruption with the rapid cost-reduction of renewable energy and storage technologies, in conjunction with the inevitability of increased climate action, are at the root of unprecedented uncertainties over the future of the sector.
South Africa’s economy, which was already in a precarious state before Covid-2019, has been tipped into full blown crisis by the pandemic. Gross na-tional government debt is expected to be upwards of 86% within two years. Eskom, which is the country’s state-owned monopolistic and vertically integrated electricity utili-ty, is a key driver of this escalating debt profile and lies at the heart of the economy’s structural challenges.
Low-income countries (LICs) are suffering from triple distresses: the mortal impact of Covid-19, increasing debt burdens, and climate change impacts. This paper brings the debt-for-adaptation swap into play as an alternative source to restore countries' ability to act and be resilient to climate change.