When Shocks Become Persistent: Household-Level Asset Growth in the Aftermath of an Extreme Weather Event

Despite an escalating climate crisis marked by unprecedented wildfires, storms, floods, and droughts, the Climate Action Tracker annual global temperature update shows global warming projections for 2100 are flatlining, with no improvement since 2021. The aggregate effect of current policies set the world on a path toward 2.7°C of warming.

The Climate Action Tracker provides updated 1.5ºC compatible benchmarks for the transport sector for the world as a whole and for seven individual countries; the US, EU, China, India, Brazil, South Africa and Indonesia.

Northern forests are critical in the race to net zero CO₂ by mid-century. Protecting and restoring these forests, alongside steep and rapid reductions in fossil fuel emissions, is essential both to mitigating emissions and to supporting forest ecosystem services and biodiversity.

This technical note describes the State of Climate Action series’ methodology for identifying sectors that must transform, translating these transformations into global mitigation targets primarily for 2030, 2035 and 2050 and selecting indicators with datasets to monitor annual change. It also outlines the report’s approach for assessing progress made toward near-term targets and comparing trends over time.

At COP28, delegates agreed to operationalise a fund to compensate vulnerable countries coping with loss and damage caused by climate change. This report proposes a method for how to calculate how much finance the Global South needs for loss and damage.

Loss and damage is treated as comprising separate ‘economic’ and ‘non-economic’ dimensions. This commentary argues that the two are inextricably linked and applied research should account for the multifaceted and cascading nature of loss and damage.

This technical guide proposes concrete steps and actions to help African countries develop strong, high-performing Long-Term Low Emission and Climate Resilient Development Strategies that chart a low-emission development path, build resilience, encourage innovation, and create new opportunities for green growth.

With climate extremes hitting nations across the globe, disproportionately burdening vulnerable developing countries, funding for loss and damage is an acute need. Attribution science can provide useful information for decision makers.