Tag: Finance

ECO’s Agenda for Adoption

3. (TOO NARROW) Global goal for emission reductions and global peaking.

Expand this item to include a discussion on an equitable effort sharing agreement as this will allow Parties to agree on ambitious and science-based long-term goals by Durban.

3bis. (CURRENTLY MISSING) Mitigation.

While the workshops have been useful in clarifying assumptions (and clarity is an important first step), action must follow. There must be space on the negotiating agenda to feed-in and build on information and recommendations that comes out of the workshops in order to close the gigatonne gap by Durban.  The Secretariat’s technical paper and further submissions from Parties will also help. The scope of this agenda item should include the AOSIS proposal to examine options and ways to increase the level of ambition.

4. (OPERATIONALIZE) Adaptation Committee.

50% of future resources in the Green Climate Fund should be earmarked for adaptation.

5. (OPERATIONALIZE) Work programme on enhanced measurement, reporting and verification for Parties included in Annex I to the Convention.

5bis. (CURRENTLY MISSING) Compliance by developed countries with their commitments.

Strong domestic enforcement of commitments is always welcome but there must be an international minimum that ensures that all countries fulfill their international obligations.  This is especially helpful when there is no domestic law to speak of (here’s looking at you: USA, Canada, Australia....).

6. (OPERATIONALIZE) Work programme on enhanced measurement, reporting and verification for Parties not included in Annex I to the Convention.

7. (OPERATIONALIZE) Registry.

8. (RESOLVE) Financing options for the full implementation of mitigation action in the forest sector.

9. (OPERATIONALIZE) Standing Committee.

9bis (CURRENTLY MISSING) Innovative Sources of Financing.

ECO supports the African Proposal to urgently scale-up new, additional, predictable and adequate funding to support the mitigation and adaptation activities of developing countries.  A key way to ensure such funding levels will be met is to identify and implement innovative sources, such as levies on international transport.

9ter. (CURRENTLY MISSING) Review of information provided by developed countries on their fast-start finance commitments.

ECO supports the LDC Proposal and reminds developed countries that their FSF reports are due in May!!

10. (REMEMBER KYOTO) Market-based and (FOCUS ON THE ‘F’s) non-market-based mechanisms.

Time is of the essence and thus Parties are reminded that any markets developed under the LCA must COMPLEMENT, and not undermine, those under the Kyoto Protocol.  These mechanisms should be based on large segments of the economy of the host countries (rather than being project based)and must be as strict as (or stricter, as we have learned some valuable lessons with KP mechanisms) the Kyoto rules to ensure environmental integrity.  On the non-market side, Parties should focus on phasing out HFCs as well as eliminating fossil fuel subsidies.

10bis. (CURRENTLY MISSING) International aviation and maritime transport

Countries should resume their negotiations on how international aviation and maritime can contribute to global emissions reductions and innovative sources of finance.  After all we need all the “gigatonnes” we can get!

11. (TOO NARROW) Arrangements to fully operationalize the Technology Mechanism.

Ignoring the tough issues, namely IPRs, does not make them go away (if this were so, the battle to stop climate change would have been won long ago!)  Commissioning a study on whether or not and how IPRs are a barrier to technology transfer, followed-up by a technical workshop would go a long way this year in advancing the discussion.

12. Capacity-building.

13. (OF CRITICAL IMPORTANCE) Review.

Preparing for a robust review in 2013-2015 which will enable Parties to go even further in their mitigation and adaptation efforts is crucial.  This item must remain on the agenda and significant time devoted to it.

14. Issues relating to Parties with economies in transition and Parties with special circumstances.

15. (OF CRITICAL IMPORTANCE) Legal options.

In 2010, it was a struggle to even get legal issues discussed in the LCA. In 2011, it’s officially on the agenda and needs to be ever present in the discussion, as it is the end goal after all. On the Kyoto side, their legal issues group needs to resolve any issues related to the provisional application of amendments as this is now the only way to ensure there is no gap between the first and second commitment periods.

Related Event: 
Bangkok 2011
Related Newsletter : 
ECO 3, Bangkok 2011, English version

Design by Committee

It seems incredible. In the age of super-advanced information technology, where communications of all kinds fly around the world and across borders in an instant, the countries in the UN Asian regional group felt that the only way they could agree their nominees to the Transitional Committee (TC) to design the Global Climate Fund was by meeting face-to-face. In a few short weeks, citizens across North Africa and the Middle East have reshaped their governments and opened up new political horizons. The Asian group has yet to manage to select 7 members to sit on a committee. It wouldn’t matter if there wasn’t so much at stake. The work of the TC is vital to make a fair and transformational climate fund operational as soon as possible. Starting that work has now been delayed by more than a month, meaning that parties missed the deadline set in the Cancun agreement.

By way of comparability the Africa Group, with more than 50 countries, not only managed to complete their delegate selection on time, but also got agreement on proposing an important new agenda item on finance, that can help ensure there is money to go into the fund as soon as it is operational.

Let’s hope the Asian Group – and the GRULAC Group, which is also holding things up – have at least used the extra time to think through the kind of experts they will nominate. The TC badly needs experts in areas that matter to poor people’s lives and livelihoods, in areas like gender, agriculture and low carbon climate resilient development.

As of now, one can count the number of women currently nominated to the TC on one hand, or rather on two fingers. That may be a 100% increase on the number of women on the UNSG’s Advisory Group on Climate Finance, but it is still a token number. Women are the worst impacted by climate change. They must be at the heart of this new fund, not excluded from its core decision making structures.

The Asian and GRULAC groups can still get the job done, and do it right.

Related Event: 
Bangkok 2011
Related Newsletter : 
ECO 3, Bangkok 2011, English version

CAN Lobby Document for Bangkok - Mar 2011

Path to Durban:  Objectives for the Bangkok Intersessional and 2011


Cancun was a modest success as it buried the ghost of the failure of Copenhagen. However, the Cancun Agreements postponed important issues that underpin the success, or otherwise, of efforts to fight catastrophic climate change.  
The Cancun Agreements provide real opportunities to advance global cooperation in adaptation, forests, climate finance and technology transfer.  If all opportunities outlined within the Cancun Agreements are grasped, and parties take the following thoughtful and logical next steps, it is within the realms of possibility that the Cancun Agreements could be a springboard to a fair, ambitious and binding global deal to tackle dangerous climate change.
Close the gigatonne gap.
•    Agree more ambitious A1 mitigation targets at Durban. Developed countries should commit to targets of more than 40% below 1990 levels by 2020.  The Cancun Agreements acknowledge the need to increase ambition and the 25-40% range of emission reductions for developed countries.    
•    Minimise loopholes to ensure developed countries honestly meet their emissions reduction targets including:
o    Land use, land use change and forestry rules that increase accountability and strengthen the level of ambition of developed countries such that forestry and land use sectors deliver emissions reductions.
o    Rules for any new market and non market mechanisms must not diminish already low levels of ambition and must disallow double counting, ensuring additional emissions reductions and funding flows.
o    Rules to minimise damage from hot air (surplus AAUs) for example setting a discount factor or adjusting aggregate emission reduction targets for all developed countries to compensate for the hot air.
•    At Durban agree the rules for a registry that links developing country mitigation action with necessary support, and provides a record of developing country mitigation actions without support.
•    At Durban establish robust reference levels for REDD+, and lock in $15 – 25 billion per year of guaranteed finance to deliver the substantial reductions required.
•    Governments should agree to quickly and strongly reduce the use of HFCs, in a close collaboration between the UNFCCC and the Montreal Protocol, in order to immediately reduce emissions of these "super greenhouse gasses".
•    Bangkok should put in place a process to agree a peak year and a long term global goal, with an equitable approach to sharing this effort, by Durban.  Emissions must peak in 2015 and reduce by at least 80% below 1990 levels by 2050...

To view the full document, view above pdf.
 

Related Event: 
Bangkok 2011

NGO BRIEFING: Civil society expectations for Bangkok, and lessons learnt from Japan crisis

Media Advisory – Webcast Notice
April 4, 2011

UNFCCC CLIMATE TALKS IN BANGKOK

NGO BRIEFING ON THE NEGOTIATIONS

Civil society expectations for Bangkok, and lessons learnt from Japan crisis

[Bangkok, Thailand] Climate Action Network International will host a media briefing, webcast live, to outline civil society expectations for a successful outcome of UN climate talks in Bangkok this week. International NGO experts will discuss Bangkok in the context of agreements reached at COP16 in Cancun in December and goals for the upcoming COP17 in Durban. In addition, Japanese NGOs will talk about the unfolding nuclear catastrophe in their country and assess Japan’s positions in the talks. A local Thai NGO representative will brief the press on the current flooding events hitting the country.

The briefing takes place in Bangkok, Thailand, on Monday, April 4, at 14:30 local time (07:30 GMT), UNFCCC Press Conference Room, UNESCAP Building. It will be webcast live at:
http://unfccc2.meta-fusion.com/kongresse/110403_AWG_Bangkok/templ/ovw_li...

NGO experts on the panel will include Tim Gore of Oxfam; Tove Ryding of Greenpeace; Naoyuki Yamagishi of WWF, and Tara Buakamsri of the South-East-Asian NGO network AFAB.
 
What: Briefing on the UNFCCC climate negotiations in Bangkok

Where: UNFCCC Press Conference Room, UNESCAP Building, Bangkok

Webcast Live via www.unfccc.int, or at:
http://unfccc2.meta-fusion.com/kongresse/110403_AWG_Bangkok/templ/ovw_li...

When: 14:30 local time (07:30 GMT), Monday, April 4, 2011

Who: NGO experts on UNFCCC negotiations

Climate Action Network (CAN) is a global network of over 600 NGOs working to promote government and individual action to limit human-induced climate change to ecologically sustainable levels.  For more information go to: www.climatenetwork.org

For more information please contact:

David Turnbull, CAN International, +1-202316349 (US mobile), or +66(0)808067305 (Thai mobile)

###
 

Related Event: 
Bangkok 2011
Related Member Organization: 
Oxfam International
Related Member Organization: 
WWF - Switzerland

The Case for 30% is Clear

Before today’s presentations of the pledges get underway, ECO decided to offer some of its own “clarifications” about the EU mitigation pledge. And it’s mostly good news.
 The emissions cuts made by the EU in 2009 were already 17.3 % below 1990 levels, so the 20% target by 2020 is almost already met. ECO isn’t the first to point out that less effort is required of the EU than some may think.  The European Commission’s 2050 Low Carbon Roadmap published in March 2011, notes that implementing the EU’s existing renewable energy and energy efficiency targets would lead to 25 % domestic emissions cuts in the EU. So there’s really no excuse for the EU not to commit to do more – moving to at least the 30% target they have long promised, and beyond to the 40% target that science demands. And there are many reasons why they should.
First, the Commission’s 2050 Roadmap showed how hitting only the 20% target by 2020 would put the EU off-course to achieve the 2050 target of 80-95% that they know is needed. Failing to try a bit harder now will mean much more work in the long-run.
Second, moving to 30% would bring the EU Emissions Trading Scheme back to life. ECO has long complained of the problems of over-allocation of emissions allowances in the period 2008-12, which does nothing but offer staggering windfall profits to the dirtiest industries in Europe.
Decreasing the number of allowances by increasing the target would turn a policy by which the polluter gets paid, into one that incentivizes clean, green fighting industries of the future in Europe. The business voices that want to realize that vision in Europe have had enough of the uncertainty of a conditional target. Planning big investments requires predictability. Europe needs both.
Third, those investments will bring new jobs to Europe. The European Commission shows how “action geared towards reaching the climate and energy targets of the Europe 2020 strategy has some of the greatest potential for future jobs.” Many will fall in the construction industry – a sector particularly hard hit in the European economic downturn.
ECO hopes this helps to provide all the clarity the EU needs to finally move to its higher target. A report commissioned for the German Environment Ministry sums it up nicely. A 30% target would help boost European investments from 18% to 22% of GDP, lead to a GDP increase of up to €620bn, create up to 6 million additional jobs, and help European industry to maintain and enhance its competitiveness. Europe, ECO thinks the case for 30% is clear as day.

Related Event: 
Bangkok 2011
Related Newsletter : 
ECO 1, Bangkok 2011, English version

CAN Submission - Measurement, Reporting and Verification (MRV), International Assessment and Review (IAR) and International Consultation and Analysis (ICA), and initial scheduling of work - Mar 2011

CAN views on the work program on developing modalities and guidelines  for measurement, reporting and verification (MRV) and International Assessment and Review (IAR) for developed country commitments and actions and on the development of modalities and guidelines for MRV and International Consultation and Analysis (ICA) of developing country actions, as well as on the initial scheduling of work for both developed and developing countries.

Syndicate content

Find us on Facebook! 

Events