Tag: finance

Climate Action Network responds to the Green Climate Fund pledging conference

The Green Climate Fund (GCF) "pledging conference" has ended today in Berlin with USD9.4 billion being pledged in support climate action in developing countries.

New, significant pledges were made by  Italy (USD313mn) and the UK (USD1.1bn), as well as an updated amount from Norway (USD130mn). Even developing nation Mongolia tabled USD50,000 adding to efforts announced earlier this year by Mexico and Peru. This  has left developed countries who refused to step up to their obligation, such as Australia, Austria, Belgium and Ireland, increasingly isolated on the world stage.  There were expectations that Canada and Poland would put money on the table today but they didn't make the deadline for the conference.  

While it is disappointing that the the total amount heading for GCF coffers falls just short of the unofficial target of USD10 and well under the USD15 billion in contributions for the initial phase that developing countries have asked for, it is good news that the GCF can now get down to its real work -  supporting efforts of countries around the world to scale up the roll out of renewable energy, adapt communities to climate impacts and develop sustainably. 

Wealthy countries, who have been responsible for causing climate change, have an obligation to put money on the table to help poorer countries take climate action. Doing so will help to build trust between countries as we near a new international agreement to limit climate change due in December 2015 in Paris.  USD10-15 billion to be spent over four years may sound like a lot, but it's just one third of the amount made available after the Copenhagen Summit, in the "Fast Start Finance" period. And with all countries now expected to take climate action under the new international agreement due next year, this fund needs to support climate projects in over 100 nations over four years.

The work does not stop here. Countries who haven't yet put money on the table for the GCF have until the major UN climate negotiations of the year get underway in Lima next month to step up. Those that have already pledged can confirm there's no strings attached to their commitments. To encourage more pledges, countries can decide to include financial support for climate action as part of their national contributions towards the new international agreement.

What's more, the GCF has to keep growing in size, but also in transparency and effectiveness. By the time the new international agreement on climate change is slated to come into effect in 2020, it should command a significant portion of the USD100 billion a year in climate action financing rich countries committed to back in 2009.  To get there, countries will need to put together a  climate action finance pathway - requiring some innovative thinking, new sources of money, and a plan to scale up existing sources such as an annual target under the new agreement.

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Global Civil Society Responds to Japan’s New 2020 Target

Japan announced its new 2020 emissions reduction target today at the UN climate negotiations in Poland. While parties are negotiating to raise the level of ambition during this year’s meeting, Japan has now abandoned their 25% reduction target from 1990, and proposed 3.1% increase compared to 1990 levels.

Wael Hmaidan, Director of CAN International said in a statement, “Japan's new targets are outrageous. This will have a serious and negative impact on the negotiations. Withdrawing from climate action is like a slap in the face of those suffering from the impacts of climate change such as the Philippines.”
 
Civil society was expecting more from the world’s third largest economic country, but instead they are racing to the bottom.
 
According to Japanese Climate Action Network spokesperson, Kimiko Hirata “Stopping nuclear power is not a legitimate reason for lowering their target. There are countries putting ambitious targets shifting their energy source from nuclear to renewables.”
 
To abandon the 25% emission reduction target and put forward a target with increased emissions is a betrayal to the international community. One of the most important issues at this year’s negotiations is to address the gap between the mitigation pledges of Parties and the emission reduction needed to keep the average global surface temperature rise to 2℃ from pre-industrial levels.
 
Another problematic country at these negotiations has been Australia, which tabled legislation to repeal their price on carbon.

Australian civil society is taking to the streets on Sunday to oppose their government’s announcements.

ON DEMAND WEBCAST of  'COLOURFUL STUNT' DURING PRESS CONFERENCE AVAILABLE HERE:  http://unfccc4.meta-fusion.com/kongresse/cop19/templ/play.php?id_kongres...

Contact:  Ria Voorhaar, Email: rvoorhaar@climatenetwork.org, +49 157 317 355 68.

 

 

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CAN Intervention in the COP18 Contact Group on Finance, 7 December, 2012

Intervention in COP Contact Group on Finance, 7 December 

Delivered by Hindou Oumarou Ibrahim 

My name is Hindou Oumarou Ibrahim from Chad and I will be speaking on behalf of Climate Action Network.
Developing countries like mine have come to Doha facing a climate finance cliff. We have reached the end of the Fast Start Finance period with no clarity on what levels of public finance to expect in 2013 and through to 2020.
There is nothing being put forward by this group that guarantees public finance will go up not down from next year.

We call for a 2013-2015 package that includes AT LEAST $60 billion in PUBLIC finance, as part of a clear trajectory to the 100 billion per year in 2020. This package must include commitment to capitalize and operationalize the Green Climate Fund in 2013.

Finance matters to developing countries and their vulnerable communities like mine living around Lake Chad. How do you expect them to adapt to the devastating impacts of climate change without substantial and predictable levels of public financing in 2013 and beyond? How do you expect developing countries to take on more ambitious mitigation efforts if you do not scale up support?

Providing this finance is a legal obligation that requires clear collective commitments here in Doha and no later. We demand nothing less.

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COP 18 Doha: Pledge, People, Pledge!

 

Towards the end of the most hilarious annual conference on climate change in the world, Doha's COP 18, finance is still a big issue to handle. The year of 2012 is crucial, because it is the last year for Fast Start Finance to flow, and, starting 2013, a USD 100 billion by 2020 should be dispursed from developed countries to developing countries.

Numbers are not yet on the table, except one from UK that’s pledging for £ 2,9 billion by 2015, which was announced through their press conference in Doha, on December 4th 2012. EU, with their unfinished budget discussions back home, is definitely got pushed by NGOs to give some numbers, ensuring that they will continue their funding. Too many statements from developed countries, saying ‘we will continue funding’, is unaccceptable. A predictability of the funding is highly crucial, as well as having a clear pathway towards the USD 100 billion to 2020.

Learning from the Fast Start Finance for the last two years, developing countries have learned, that certainty of finance sources is highly needed. Climate finance should be new and additional than the existing funding. Therefore, transparency, of course, should be on board for developed countries to regain the trust of developing countries.There are so many innovative resources that can be explored by the developed countries. Even the long term finance workshops that have happened twice in 2012 (not to mention the webminars), have clearly showed that those sources of fund are real and possible, to meet the USD 100 billion by 2020.

Pledge, people, pledge! Not only the financial pledge, but also your emission reduction pledge. And please, leave the hot air behind. 

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Closing the Loose Ends for Adaptation

As COP 18 welcomes Ministers from around the world, ECO would like to focus their attention on significant matters related to adaptation. May we have your attention, Ministers: adaptation needs are closing in fast!

National Adaptation Plans. These are intended to address medium and long term adaptation needs.
 
Let’s keep this short and sweet:
 
First, guidance to the Global Environment Facility is needed now. LDCs are committed, the technical guidelines are out, and there is clear willingness among other developing country Parties. So really, there’s no excuse for delays. 
 
Second, use those funding bodies. The LDCF and SCCF are ready, willing and able to be capitalized.  There’s no denying that more funding is needed and this must be additional to that of NAPAs. Otherwise, all the good and benevolent intentions of NAPs are completely without effect.
 
Loss and Damage.  
Political opportunity cannot be lost here:
 
As negotiators are running out of steam from all their work on the L&D text, ECO will pitch in to make sure that this reaches success.
 
These points should steer you in the right direction:
 
• Loss and damage needs to be given the political space that it deserves; negotiators must keep the political will to keep loss and damage high on the agenda.
 
• The work programme on loss and damage must be approved and continued, with assurance that discussions on an international mechanism will be a focal point.
 
• The text cannot shy away from rehabilitation and compensation – these are key to the loss and damage debate and so outcomes should provide guidance on how to address these aspects further.
 
Ministers need to admit that loss and damage is the unfortunate consequence of the failure to mitigate and the limited international support for adaptation. Now, instead of dwelling on the cause, we must act on the solutions and not let this text fall through the cracks.
 
Some parting words to Ministers on adaptation in the ADP and LCA:
 
ADP: Don’t forget the Cancun Adaptation Framework! ECO wants you to make sure that it’s regularly reviewed in the ADP in light of mitigation ambition and the needs of -- and support to -- developing countries.
 
LCA: Finance is key – this goes without saying. Instead of re-emphasizing the importance of finance for adaptation, ECO expects Ministers to guarantee its delivery without any further delay. There’s ample evidence to prove the existence of sufficient funds so make the commitment!
 
And so the strenuous effort to address loss and damage has a well defined path to success. Let us not fail to achieve it!
 
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LCA Gaps: From Text to Tonnes

In Durban, Parties agreed to conclude the LCA here in Doha.  A successful closure necessitates that the critical issues are resolved or find homes in which further work can be done. In the LCA text tabled Monday, there were some gaping gaps, from text to tonnes.   

ECO was shocked that text on 2013-2015 financial support turned up missing. There needs to be at least a doubling of fast-start financing, and a mandate for a political process to scale up financing to reach the 2020 $100 billion per annum target.  Adding insult to injury these two issues are also missing from the financing text advancing under the COP. No wonder there are strong calls for the MRV of finance if this is the state of play! 
 
The 2-year Doha Capacity Action Plan and decisions on enabling environments including IPR and on the interlinkages between the different bodies under the Convention, including the CTCN and TEC, also seem to be missing in the the text.
 
Where there is text, ECO is concerned that it lacks ambition and environmental integrity.  The work programmes under the SBs for clarifying commitments and actions inspire little confidence that such processes will lead to the increase in mitigation ambition so sorely needed up to 2020 and beyond.  
 
Moreover, ECO is getting tired of seeing the same “rigorous, robust and transparent” text on common accounting.  Instead, it is high time Parties actually agree some rules to give those words substantive meaning.  A clear deadline to agree common accounting rules would help build confidence.  
 
In addition, there are even some issues like base year and GWPs that can be agreed in Doha.  Finally, only italics on the global goal and peak year – really?  ECO wonders whether the climate is responsive to typographic emphasis rather than actual commitments.
 
The core questions, of supreme relevance to theADP, are also unresolved – namely, equitable access to sustainable development and the review of the long-term temperature goal.  Here a one year process for equity and a narrowly defined review of the long-term temperature goal under a robust body would go a long way in ensuring the ADP is well informed.   
 
So how did we get here?  Well . . . we all know that the U.S. is not willing to negotiate certain issues.Other ship-jumpers, like Canada, Russia, Japan and New Zealand, aren’t helping things progress either, despite noise and sound bites in the capitals.  
 
So please pay attention: successful closure of the LCA is vital in order to allow the ADP to get on with its own work to raise ambition in the near-term and to conclude a new, comprehensive global deal no later than 2015.
 
Therefore ECO asks Parties to engage with the text in constructive manner and work towards a successful outcome and closure of the LCA.  Come on negotiators and ministers . . . we know you can do it!
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Something has to happen!

 

COP 18 is another step in the climate change negotiations. There are a lot of expectations here and many issues need to be covered. Most importantly, a comprehensive decision has to be made in order to deliver what humanity needs in order to survive. This is something we hear all the time around climate change negotiations. The issue is that, if we need to repeat it, then there has not been any change.

For some countries, there is an economic interest conflict - a fear of losing money. For others, it is just a matter of survival- a loss of lives. We all will face the consequences, climate change doesn’t recognize differences. It will happen and we must take action.

Negotiators are convinced that they will find a solution. But, will this happen? Will they realize they are negotiating a way forward for everyone and not bargaining to get something? Will they stop putting the blame on each other?

Finance issues are crucial for this regime to move forward but recent statements from some parties are not very encouraging. This only diminishes the acknowledgement of any progress that could have happened.

Realistic mitigation efforts by developed countries have been due for a long time now. Some developing countries are being more proactive than developed countries. While this can be a good sign towards a future low carbon world, developed countries should do more in order to achieve what humanity needs.

Adaptation is crucial for all, but especially for those in developing countries, where there is lack of capacity to adapt to climate changes.

Being in a Doha Conference center, where everything is so scattered, where there seems to be empty rooms everywhere, it feels as though not much is happening. We hope that, in the next few days, delegates can work out ways to facilitate the process of ministers reaching agreements.

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Instructions Enclosed for Non-Negotiable Planetary Deadline

Dear Ministers:

This is the non-negotiable planetary deadline. The recent UNEP and World Bank reports have been unequivocal: the window to stabilize temperature increase below 2° C, and thus avoid the most dangerous climate impacts, is closing rapidly. Durban set a number of other deadlines for Doha which must be respected. They include adoption of the amendments to the Kyoto Protocol, the successful closure of the LCA, and agreement on work programmes for both the 2015 Protocol negotiations and raising near-term ambition. So roll up your sleeves, Ministers: there is much to do!  As always, ECO has some helpful hints to make your week easier.

#1 Don’t cheat – it doesn’t help the climate or build confidence 

The amendments to the Kyoto Protocol must be adopted in Doha, progressing the only legally binding climate agreement in order to streamline the process. 

Keeping Kyoto alive is crucial for two reasons – first, it has key architectural elements that must be reflected in the 2015 Protocol. These include overall and national carbon budgets, economy-wide targets, common rules-based accounting, compliance and five year commitment periods. Second, it was part of the Durban package and its adoption will enable progress next year on both elements of the ADP -- its 2015 Protocol negotiations and near-term ambition. Pending its entry into force, it should be provisionally applied from1 January 2013.

But there are some things that should be left behind – the 13 gigatonnes of CO2eq ‘hot air’ from the first commitment period.  It does nothing for the climate and it’s high time to expel it from the system. The next COP President, Poland, must show leadership now and stop stalling efforts in the EU on this issue. 

The good elements of the Kyoto Protocol should not, however, remain the exclusive property of KP parties. We’re looking forward to our ‘ship jumpers’ in the LCA proving that they aren’t evading responsibility.  They can do so by agreeing the same accounting standards and setting carbon budgets here at Doha. 

#2 Face the issues head on

In 2015 the world must conclude a deal that matters for the climate. Parties will need to address two crucial questions: first, what do we need to do to avoid dangerous climate change; and second, how are we going to do that? 

In Doha, to help answer the first question, it is critical to agree on a review of the long-term temperature goal that focuses on exactly that, is narrow in scope, and takes placeunder a robust body. 

Given that equity and ambition are two sides of the same coin, we must also have a one year process exploring equity issues, reporting into the ADP at COP 19 and allowing the ADP to mainstream the progress.

Finally, confronting these issues head on means facing up to the impacts of climate change that are happening now.  Addressing loss and damage is essential to assure the most vulnerable countries that their future prospects are being fully protected. 

#3 Deliver the resources you promised

Vital work to adapt to climate change and transition to a low carbon economy cannot happen without resources.  So delivering on existing finance commitments and planning to meet additional needs must be at the heart of the Doha outcome. Committing to a minimum of $20 billion a year for the 2012-2015 period is the very minimum of the first stepsrequired.  

But in addition, ministers, you must also make sure there is a rigorous system to track the delivery of all money promised, ensuring that it is new and additional, and not quietly recycled from one vitally needed programme to pay for another.  

You must also commit to a political process with the weight to ensure that developed countries scale up climate finance to the promised level of $100 billion per year by 2020. We must not become bogged down in endless technical analysis -- there are already good options on the table. All that is needed to turn them into reality is political will.

Finance is not an add-on to our work on climate; it is what drives our work, and it’s what gives the victims of climate change at least a fighting chance in adapting to the impacts. Finance must be at the center of your attention in the new negotiations under the ADP.

#4 Be Ambitious!

Ministers, we expect you to increase your mitigation and finance ambition right here in Doha. The EU 20% has already been met, the Australian unconditional target of 99.5% is shamefully weak and the U.S. steers away from anything approaching something in the required scientific range.  

Meanwhile, ECO is still waiting to see even one finance figure for the post-2012 period. As a first step toward improving this woeful record, the EU should listen to the German Minister and increase its target to 30% here at COP 18.

The Doha outcome alone will not save the planet, so don't imagine your work is done when you get on the plane going home. The developed world will still need to increase its mitigation and finance ambition massively.  Because your work here will not nearly begin to fill the ambition gap in either area, you will also need to agree this week on both a high level and technical workplan to do so in 2013. 

We cannot afford to waste any more time. All countries need to capitalize on initiatives to raise ambition, whether inside or outside of the UNFCCC -- from reducing HFCs to phasing out fossil fuel subsides.  ECO is also waiting with bated breath for announcements from our Qatari hosts and Gulf neighbours on their contribution to the global effort.

Ministers: You are here to lay the foundations for a new Protocol.  You must therefore instruct your negotiators that they move in the middle of 2013 from conceptual brainstorming to concrete discussions, resulting in a ‘compilation text’  of proposals by COP19. Brainstorm and build -- that’s ECO’s motto!  The re-election of President Obama and the new leadership in China has created the potential for change.  Let’s capitalize on that in Doha and beyond. 

#5 Leave the laggards behind

The planet cannot wait for action. Some countries are clearly not serious about our common endeavor to address the threat of dangerous climate change. 

We cannot afford to wait for Russia, who won’t put a target on the table, but still wants any ‘goodies’ that might be around -- whether it means holding onto its ‘hot air’ or having access to revenues fromcarbon trading.  

We cannot allow the pace to be set by Canada, who failed to meet their commitments under the Kyoto Protocol, and then withdrew in order to avoid the consequences.  

And New Zealand will need to make a choice -- is it serious about climate protection, or does it wish to be singled out as an obstacle to progress? These countries risk becoming increasingly sidelined, as the global community works to forge consensus on a new logic under the ADP.

Ministers, we need you to finish the work begun here in Doha. You must close the loopholes, deliver the money, addressissues head on, and map out a clear course for the negotiations under the ADP. Then you need to go home and act! 

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Today´s good deed: Donate Your DSA to the Adaptation Fund

In his remarks to the Parties on Wednesday, the Adaptation Fund (AF) chair underscored the great achievement made by the Fund this year. He emphasised, among other things, that the AF has now accredited twelve National Implementing Entities, which allow for direct access of developing countries to the funds of the AF. Experience shows that this has also triggered the strengthening of institutional capacities to manage project funds. For ECO, this is evidence that direct access is no longer a pilot test programme perceived as highly risky, but rather a reality. In addition, two years after its first call for proposals, the AF has approved 25 concrete urgent adaptation projects covering all fields of adaptation, with several more in the pipeline. A key objective is to target the most vulnerable groups. 

Because of these significant achievements of the AF and at the same time the scarce resources at its disposal, ECO is seriously worried about the dwindling resources and lack of predictability that poor countries are facing. Due to the over-supply of permits, the lack of mitigation ambition and the global economic downturn, prices for CERs, which provide the main source of income for  the AF, have gone down to record lows below US$2.
 
While almost everybody is looking at  the Green Climate Fund (GCF), which will hopefully lead to the long awaited transformational change needed to tackle the climate crisis, ECO would like to draw the attention of Parties to the Adaptation Fund. It is the only operating fund providing direct access under the Convention.  ECO believes that the AF should play an important role until the GCF is operationalised, and beyond. So let us now secure the survival of the AF.
 
In order to increase funds for the AF, Parties are discussing the extension of the CER levy to other mechanisms. Furthermore, since yesterday, individuals can donate funds into the AF through a simple procedure on its website. Dear COP participants: Why not donate one DSA into the AF for your daily good? (The donation function is also open to individuals from non-Kyoto Parties, and, by the way, hosted in the US). The more people contribute, the stronger the signal to incoming ministers that there is support for the AF. Looking into the books of the AF, ECO has found out that some not too poor countries, such as Japan, Norway, France and Canada, have not yet made contributions to fund projects. ECO wants to see additional contributions being pledged in Doha. The system allows for amounts of up to 13 digits (that may be sufficient to solve all adaptation problems now!). So ministers, bring credit cards to Doha!
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DOHA CLIMATE TALKS: A BETTER WAY FORWARD

In late November 2012, world governments will meet in Doha, Qatar, for the UN Climate Change Conference, to firm up the outcomes of the Durban conference held in 2011. 

Christian Aid believes Doha gives governments a vital opportunity to advance global cooperation in confronting the challenge of climate change. It believes it is possible to achieve an ambitious outcome from the conference that will deliver on all the elements of the package agreed in Durban. 

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