Tag: Flexible Mechanisms

Cancun Building Blocks - Oct 2010

THE POST-COPENHAGEN ROAD

A fair, ambitious and binding deal is needed more urgently than ever. Climate science is more compelling by the day. Impacts are coming harder and faster. Disastrous flooding in Pakistan, heat waves and forest fires in Russia and hottest recorded temperatures around the globe, amongst other devastating climate-related events, all point to the need for urgent action. Levels of warming once thought to be safe, may well not be, 1.5˚C is the new 2˚C

Negotiations Post-Copenhagen
Copenhagen was a watershed moment for public interest and support for climate action – and people have not lost interest. More people in more countries than ever have put their governments on notice that they expect a fair,
ambitious and binding global deal to be agreed urgently. Trust-building is essential after the disappointment of Copenhagen. Developed country leadership must be at the core of trust building efforts. Countries must show
their commitment to the UNFCCC process by driving it forward with political will and flexible positions, rather than endless rounds of repetitive negotiations. Many countries are troublingly pessimistic for Cancun, and are working to lower expectations. While others, including countries most vulnerable to climate change, maintain high expectations.

Challenges ahead of Cancun
There are many challenges to getting a full fair, ambitious and binding deal at Cancun, including:

  • Lack of a shared vision for the ultimate objective of the agreement, and the equitable allocation of the remaining carbon budget and emissions reduction/limitation commitments;
  • Sharp divisions on the legal form of an eventual outcome;
  • Failure of the US Senate to pass comprehensive legislation this year; and
  • Current economic difficulties facing many countries, which make it difficult to mobilize the substantial commitments to long-term climate finance needed as part of any ambitious agreement. 

Positive moves afoot
However, more and more countries, both developing and developed, are stepping up their efforts to pursue low-carbon development and adaptation, despite the absence of an international agreement. This can be seen in a variety of ways:

  • Investments in renewable energies have continued their exponential growth, increasing to 19% of global energy consumed;
  • Progressive countries are working to move the negotiations forward;
  • There is a growing perception that low-carbon and climate-resilient development is the only option to sustainably ensure the right to development and progress in poverty reduction. 

So, what does a pathway forward look like?

Firstly we must learn the lessons of Copenhagen. The “nothing’s agreed until everything’s agreed” dynamic from Copenhagen could mean that nothing would be agreed in Cancun. An agreement in Cancun should instead be a balanced and significant step toward reaching a full fair, ambitious & binding deal at COP 17 in South Africa. This will require parties to work together in good faith to create sufficient gains at Cancun, and a clear roadmap to South Africa. This paper outlines how that could be achieved. 

Related Event: 

CAN Annual Policy Document: "Warsaw on the Road to Paris"

Executive Summary

Through a series of decisions adopted at COP 17 in Durban, South Africa, countries reaffirmed their resolve to tackle climate change. They further built on those decisions at COP 18 in Doha, Qatar. This resolve is yet to be put into action as global emissions continue to push the world towards warming of 4 degree Celsius above pre-industrial levels by the end of this century.

However, the Earth's planetary limits and thus tipping points of its ecosystem have almost been reached. There have been devastating impacts of climate change across the world in the form of super storms, floods, droughts and enhanced extreme weather events. Climate change impacts are costing countries scarce financial resources while the global economy continues facing a major downturn. Impacts are addressed temporarily as the root cause remains unaddressed.

Lack of political will continues to be the key impediment crippling progress in the UNFCCC. Inadequacy of financial resources has hampered ambitious mitigation actions. It has also slowed down effective operationalization of mechanisms meant to help the world cope with impacts of climate change. Key issues such as equity as well as loss and damage wait to be addressed adequately.

It is time that countries catch up with the reality of climate change. Displaying leadership and courage to take difficult decisions is the need of the hour. Lack of political will should not continue to impede ambitious action to tackle climate change.

CAN wishes to remind parties that a climate safe pathway for 2/1.5°C is still feasible and nations must strive for it at COP 19 in Warsaw. They only have the luxury of two more COPs to commit to a climate agreement in 2015. Time is of essence and there are still many unresolved issues - lack of trust between countries being the prominent one.

COP 19 should be used to start working towards a fair, ambitious and legally binding climate plan for the world. CAN suggests that COP 19, as a priority, should address short-term mitigation ambition and the financial gap. This will help build trust amongst parties and create a positive momentum towards a post 2015 climate regime.

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Organization: 

CAN Intervention in the SB38/ADP2-2 Bonn Intersessional: SBSTA Closing Plenary, 14 June, 2013

SBSTA Closing Plenary Intervention by CAN

-Delivered by Enrique Maurtua Konstantinidis 

Thank you Co-Chairs,

We thank you and Parties for having a very focused session and urge the work to continue forward with the same motivation and attention. 

Nevertheless going forward,

Parties must ensure that climate policies encompassing agriculture include considerations and safeguards that protect and promote food security, biodiversity, equitable access to resources, the right to food, animal welfare, and the rights of indigenous peoples and local populations, while promoting poverty reduction and climate adaptation.

The design of the framework for various approaches and new market-based mechanism must be based on the lessons learned from existing mechanisms.   These mechanisms and framework will function under the convention and therefore have to be consistent with the rules and requirements of the convention. Using such mechanisms to meet emissions targets requires a strict accounting framework and increased mitigation ambition.  

Lastly, the compromise on MRV provides a lesson for other streams, but the toothless safeguards reporting gives no assurance that safeguards will be implemented. The outcome on drivers is encouraging, but all parties must be clearly obligated to act, and the language on livelihoods not only contradicts the science but also threatens the involvement of indigenous peoples in REDD+.

Thank you. 

EU Already at 27% below 1990 – Time for Merkel, Hollande and Cameron to Wake Up

 

ECO is amused by the blind belief in carbon markets the European Union maintains, while its own emission trading scheme has become a zombie. In the ADP, EU has argued that “new market mechanisms will deliver ambition”. Really? At home, Europe’s own emission trading is currently blocking ambition, and in fact encouraging a shift from gas to coal, as the emission allowance prices have crashed.

The reality is that demand for carbon market units is at an all-time low. Current prices are looming at around 0.4 Euro for Clean Development Mechanism (CDM) offset credits and at around 4 Euros for European allowances. The EU flagship policy is close to dead due to the reluctance of German Chancellor Merkel to fight for her legacy as a “climate chancellor”. This has allowed the conservatives in the European Parliament to block even the back loading of EU ETS (EU jargon for a temporary, short-term fix to the ETS).

Sandbag, famous for its brilliant carbon market analysis, estimated in its blog yesterday that in 2012 Europe's emissions fell 27% below 1990 levels, once offsets surrendered into the EU ETS are factored in. This renders EU’s 20% by 2020 target irrelevant, and means that the EU’s ETS will remain useless in the foreseeable future. This is very unfortunate, not only for EU’s own climate investments (which now lack an incentive) but also for climate finance, because low price and low demand means low revenues.

The EU always wanted to link up with emission trading schemes in China, California and the like. But now the question is, why would they link up with the EU, when all EU has to offer is a zombie market with no demand? Without a much more rigid climate target, or CO2 taxes that guarantee a minimum price for the pollution allowances, the market approach plays into the hands of those who want to invest in fossil fuels.

ECO wonders how Merkel, Tusk, Hollande and Cameron can explain their inaction to the citizens of Europe, who have been seriously affected by the unprecedented heavy rainfalls and consecutive flooding. Due to the lobby pressure of a few industries, the lives, homes and livelihoods of Europeans will be further put at risk.

But European leaders have a chance to fix it. This autumn, the European Commission will present a proposal for new 2030 climate and energy targets, and the time for the European leaders to make decisions is in March 2014. The COP in Warsaw will be the first litmus test for Tusk, Merkel (yes, there is an election before...), Hollande and Cameron on whether Europe will be able to phase out any investment into new, coal fired power plants, put renewable energies at the forefront of energy supply (and not catastrophic, highly risky nukes) and take energy efficiency seriously. The impact on the UN talks could be significant.

Europe will host two COPs within the next two and a half years. They have a particular responsibility to lead us to a good treaty in 2015. Continuing “business as usual” would mean putting the livelihood of millions of European (and other) citizens at risk.

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