Commodity Dependence Climate Change And The Paris Agreement

Commodity Dependence Climate Change And The Paris Agreement

The 2019 edition of the Commodities and Development Report is entitled «Commodity Dependence, Climate Change and the Paris Agreement.» It aims to promote understanding of the interactions between climate change and the raw materials sectors. In addition, the report calls, among other things, for reform of fossil fuel subsidies to promote a new green tax policy, given that the richest 20% of households in developing countries receive 43% of fossil fuel subsidies and the poorest 20% receive only 7%; financial and technical assistance from developed countries to help commodity-dependent developing countries implement their national contributions (NPNs). [Publication: Commodities and Development Report 2019] [Report landing page] [UNCTAD press release] [UNITED NATIONS PRESS RELEASE] UNCTAD`s Commodities and Development Report provides an in-depth analysis of issues of particular interest to commodity-dependent developing countries and presents proposals. It highlights several issues inherent in the subject. They must assist development practitioners, civil society and government partners in their work. The report will also be useful to civil society, researchers and various policy makers. The report states that in these countries, economic and export diversification is the best response to the climate challenge. UN Trade Forum 2019: unctad.org/meeting/un-trade-forum-sdgs-and-climate-change The report highlights the challenges facing developing countries dependent on raw materials (CDDC) in managing their natural resource sectors under the Paris Agreement. In addition, a number of potential benefits could result from mitigation and adaptation to climate change. The publication notes that countries such as Brunei Darussalam, Kuwait and Qatar are affected by the more environmentally friendly energy initiative. Not only does the report highlight the need for commodity-dependent countries to adapt, diversify and modernize their economies, but it also states that they must also adapt to the effects of other countries` actions to respond to climate change, which will reduce demand for certain raw materials on which they depend. The report recommends that CDDCs reduce their heavy economic dependence on natural resources through economic diversification and exports.

Recognition of the LIMITED capacity of the CDDCs to meet mitigation and adaptation challenges means that CDDCs need unique incentives and financial, technical and institutional assistance to address the challenges posed by the climate crisis. It provides an in-depth analysis of issues of particular interest to commodity-dependent developing countries and presents policy proposals. UNCTAD Secretary-General Mukhisa Kituyi said countries needed to assess their diversification potential and reduce their dependence on raw materials, putting them on volatile markets and climate change. Climate change has increased the risk for commodity-dependent developing countries, which often depend on sectors subject to extreme weather events. This report examines key aspects of the relationship between raw materials and climate change, examines the concept of natural resource transformation and examines its application to renewable and non-renewable resources. It also analyses the challenges and opportunities that climate change and the Paris Agreement represent for commodity-dependent developing countries and discusses the strategies of the raw materials sector in a changing climate. The report concludes with policy recommendations. Countries need to reduce their dependence on raw materials, which has put them on volatile markets and climate change. The report stresses the need to increase the level of ambition and commitment in the fight against climate change.

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