Table of Contents

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Regaining momentum for international climate policy beyond Copenhagen

The 'Copenhagen Accord' fails to deliver the political framework for a fair, ambitious and legally-binding international climate agreement beyond 2012. The current climate policy regime dynamics are insufficient to reflect the realities of topical complexity, actor coalitions, as well as financial, legal and institutional challenges in the light of extreme time constraints to avoid 'dangerous' climate change of more than 2°C. In this paper we analyze these stumbling blocks for international climate policy and discuss alternatives in order to regain momentum for future negotiations

Urban Governance for Adaptation: Assessing Climate Change Resilience in Ten Asian Cities

Rapidly expanding urban settlements in the developing world face severe climatic risks in light of climate change. Urban populations will increasingly be forced to cope with increased incidents of flooding, air and water pollution, heat stress and vector‐borne diseases. This research, undertaken with a set of partner research institutes, examines how to manage climate‐related impacts in an urban context by promoting planned and autonomous adaptation in order to by improve resilience in a changing climate. It investigates the linkages between the characteristics of pro‐poor good urban governance, climate adaptation and resilience, and poverty and sustainable development concerns. The paper develops an analytical framework by combining governance literature with rapid climate resilience assessments conducted in ten Asian cities. Based on this empirical data, we argue that a number of key characteristics can be identified to assess and build urban resilience to climate change in a way that reduces the vulnerability of the citizens most at risk from climate shocks and stresses. These characteristics form the basis of a climate resilient urban governance assessment framework, and include (1) decentralisation and autonomy, (2) accountability and transparency, (3) responsiveness and flexibility, (4) participation and inclusion and (5) experience and support. This framework can help to assist in the planning, design and implementation of urban climate change resilience‐building programmes in the future

Entrenchment or Enhancement: Could Climate Change Adaptation Help to Reduce Chronic Poverty?

In the context of climate change, the poorest people are commonly seen as having the least capacity to adapt. However, to date, there has been a limited examination of the dynamic and differentiated nature of poverty. Through bringing together both the chronic poverty and adaptation literature, this article presents a new pro-poor adaptation research agenda underpinned by a more nuanced understanding of poverty. Whilst recognising that poverty reduction efforts are threatened by climate change, this article investigates ways in which proactive adaptation could offer opportunities to create pathways out of chronic poverty through targeted vulnerability reduction and adaptation efforts

Central Banking, Climate Change and Green Finance

Responsibility for financial and macroeconomic stability implicitly or explicitly lies with the central bank, which therefore ought to address climate-related and other environmental risks on a systemic level. Furthermore, central banks, through their regulatory oversight over money, credit, and the financial system, are in a powerful position to support the development of green finance models and enforce an adequate pricing of environmental and carbon risk by financial institutions. The central topic of this paperare the public financial governance policies through which central banks, as well as other relevant financial regulatory agencies, can address environmental risk and promote sustainable finance. The paperfirst discusses the reasons why central banks should be concerned with aligning finance with sustainable development. Second, the paperreviews the tools and instruments that can be utilized by central banks and financial regulatory agencies to address environmental risk and promote green finance and sustainable development. Third, the paperprovides a brief review of green public financial governance initiatives