Tag: LTF | CAN International

Tag: LTF

CAN Intervention in the SB38/ADP2-2 Bonn Intersessional: Special Event with Co-Chairs on Finance, 8 June, 2013

Submitted by Sam Harris on June 9, 2013 - 3:32am

Thank you for this opportunity. My name is Alix Mazounie and I’m speaking on behalf of Climate Action Network.

The importance of finance to both raising pre-2020 mitigation ambition and getting a successful deal in 2015 cannot be overstated.

But climate finance is currently in no man's land. After the end of the Fast Start Finance period last year, 2013 should mark the start of a new finance period.

Instead, we are almost half way through the year and we've seen no new commitments on finance beyond the small handful of pledges made in Doha.

As CAN we think no developed country should be coming back to this process empty handed.

The various streams of work on finance this year, in particular the Long Term Finance work Programme and the Ministerial on finance at COP 19 (which crucially must involve finance ministers or ministers with mandate on finance), need to secure concrete decision options for consideration and agreement at COP 19:

(1) We need ALL developed countries to set out what climate finance they will provide over 2013-2015, and commit to a roadmap for scaling-up global public climate finance and reaching $100bn per year by 2020.

(2) We need agreement that a minimum of 50% of all public climate finance between now and 2020 will be spent on adaptation. Better than that, we need developed countries to make a collective pledge to save the Adaptation Fund and keep implementing ambitious projects on the ground.

(3) We need confidence that the Green Climate Fund is operational and ready to receive substantial pledges in 2014. A first round of pledges in Warsaw will send a strong political signal that the Green Climate Fund must not be left an empty shell for a fourth COP in a row.

With the LCA finance negotiations behind us, and ADP negotiations on pre-2020 ambition focused on mitigation, this year’s LTF WP is the main space for making progress on finance.

We need all countries to understand that forward steps on climate finance pre-2020 are key to ADP outcomes in both work-streams.

A new agreement applicable to all seems unlikely to emerge if developing countries have not seen existing promises of financial support being met.

So - in response to your question on our role in this process - we believe we would be fruitfully contributing to the ADP process if developed country parties agreed to our longstanding asks to scale up public finance.

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CAN Intervention - AWG-LCA Opening Plenary - May 17, 2012

Submitted by MBrockley on May 17, 2012 - 2:01pm

Final_LCA_Intervention.pdf

Distinguished delegates,

My name is Sunil Acharya and I will speak on behalf of the Climate Action Network. With the LCA's mandate extending till the end of this year, Parties must ensure that outstanding issues will be dealt with promptly, and any remaining matters transferred to the ADP or SBs without loss of work.

Parties must agree to a peak year by COP 18 in order to put global emissions on a pathway and keep warming below 2 C and to keep 1.5 C within reach. Moreover, Parties must urgently agree upon the structure and technical input required as part of the review of the adequacy of the long-term goal to begin in 2013.

To ensure the peak year and global goal are respected, Parties must also make progress on clarifying the assumptions behind their targets and actions – a process crucial to raising the level of ambition by COP18 and beyond as part of both the LCA and ADP.

As the FSF period is in its last year and the GCF on the way to being operationalized, Parties’ attention should now turn to scaling up towards the $100 billion, and capitalizing the Fund with a significant portion.

This year’s Long Term Finance (LTF) Work Programme provides a critical opportunity for focused and constructive engagement under the UNFCCC on mobilizing and scaling up climate finance, especially from public sources. In order to enable progress towards concrete decisions, previous efforts should now inform a process under the UNFCCC where all Parties can participate in defining the way forward.

The Work Program should contribute to decisions at COP 18 that identifies and advances promising sources of finance especially public sources, provides a roadmap for agreeing to specific pathways for mobilizing $100 billion by 2020, establishes a shared understanding of developing country needs and explicitly commits to providing financing from 2013 onwards. Both the new market mechanism and the framework on various approaches must ensure the high environmental integrity of all carbon markets and not lead to double counting or a “race to the bottom.”

Thank you Chair

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