Eco Digital Blog

Markets On Our Mind

While most developed nations remain unwilling to commit to legally binding targets for CP2, discussions about market mechanisms have been (un)surprisingly vivid. The fact that carbon market prices are at a record low and surplus allowances threaten to bring prices near zero hasn’t added much urge to increase ambition.

ECO wonders why the many carbon market industry lobbyists haven’t made it clear yet that markets can only flourish with vigorous demand, which can only be created by binding reduction commitments. Let’s get that right: allowing emissions trading schemes from countries without enough demand to reach their voluntary targets with international offsets won’t help. The recent announcement of the Australian ETS linking up to the EU ETS has stirred worries that the lack of an international accounting framework will create a fragmented market that will undermine the environmental integrity of carbon markets altogether.

My dear negotiators, would you honestly buy the right to pollute with Japanese Yen from an Indian company if you don’t know whether the emissions reductions are calculated in watts, horsepower or feet? ECO presumes not. However, it’s definitely maths time: do the numbers and calculate the emissions reductions you need for your market to work.

Not only that, we also need a common accounting framework (look to your left) that ensures 1 tonne is 1 tonne. We also see the need to develop a UN common framework, with rules for countries that transfer credits and allowances for meeting QELROs, to ensure reductions are additional and not double counting. ECO looks forward to the outcome of the Parties’ calculation exercises to be presented in Doha, so that the environmental integrity and fungibility of carbon credits can be assured. All this, obviously, must be under the condition of strong and binding emission reduction commitments.

LCDSs: Why Everyone Needs Them

In Cancun, 1.CP/16 paras 45 and 65 respectively stated that developed country Parties “should” develop low-carbon development strategies and plans, and developing countries “were encouraged” to work on such strategies and plans. In Durban, both groups were invited to submit progress towards the formulation of their LCDSs during this year’s workshops. ECO is disappointed that LCDSs were not a strong part of the 1(b)(i) and 1(b)(ii) workshops on Sunday – especially since such plans help fulfil the Convention’s Article 4.1b mandate, respecting “specific national…development priorities, objectives and circumstances”. Although some nations have prepared them or their equivalent, Parties should actually make a strong effort to do this national climate planning, since such plans can cater to the diverse interests, and here is why:

Developed countries: invest in future-proof infrastructure and avoid lock-in

Developed countries need to have achieved near-complete decarbonisation of their economies by 2050. This is not going to happen unless firm foundations are laid now through a vision of the kind of economy, society and environment they are aiming for in the long term, and working backwards to realise this vision. This is not simply a question of technology and infrastructure changes, but also the way to create a just transition for society as the changes are made. This will help reduce social disruptions, especially for those working in sectors that need to be phased down or out. Additionally, detailed decarbonisation pathways studies, such as WWF’s “Blueprint Germany”, have demonstrated that there is very little space to make decisions on development in such countries that is not low-carbon. Investments in old and dirty technology and infrastructure mean lock-in; future replacement of such infrastructure will increase costs considerably – and lock in the costs of climate impacts. While “flexibility” and market mechanisms have their place, they tend to drive away the transformational changes needed in all developed countries’ economies. 

Developing countries: leapfrog to clean and climate-resilient development

Developing countries already undertake considerable national planning, and many are already working on low-carbon and climate resilient development plans. These plans can assist developing countries in making their development truly sustainable, while avoiding lock-in to a carbon intensive development path that will cost more in the future to readjust away from. Therefore, adequate financial and capacity building support should be allocated as soon as possible for the development and achievement of these strategies. ECO notes that the countries that were first off the mark in having the infrastructure for CDM projects were the ones that attracted more investors, and attracted investment earlier. This is another reason to start planning!

OPEC countries: LCDSs can ensure economic diversification

OPEC countries have a special reason for why they should be pushing for LCDSs. Through the formulation of their strategy, they can show how they plan to diversify their economies into low-emission economies and indicate the support required to do so (such as technology transfer). One study indicates that economic diversification is especially difficult (though no less necessary) for fossil fuel-dependent economies. So, having long-term plans (rather than, say, Saudi Arabia’s current 5-year development planning) provides opportunities for developing clear visions of what diversification might be nationally appropriate, and also to better engage other countries and entities in cooperative partnerships.

Doha should produce two decisions on LCDSs.

1) For developed countries we need an LCA decision mandating:

-          A 2050 decarbonisation goal for near-complete (>95%) decarbonisation

-          Indicative decadal goals for 2030 and 2040 that set out a realistic trajectory for achieving the 2050 goal

-          The policies and measures that the Party shall implement to fulfil its QELRO (you too, US and Canada!)

-          The first report should be submitted with the Annex I National Communications in 2014, subsequent reports paired with subsequent National Communications

2) The decision on voluntary, developing country LCDSs should include:

-          An outline trajectory for the country’s pathway to a low-carbon and climate-resilient economy, linking development and climate goals to achieve sustainability and equity

-          A set of NAMAs that will contribute to this trajectory

-          Address key issues of climate resilience, including food and water security

-          Start to identify needed finance, technology and capacity building

 

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AAU Elephants

Negotiators are truly having a tough time putting the pieces for a second commitment period together. But soon they will face the enormous elephant in the room. A recent UNEP report estimates that up to 13 billion tonnes CO2 of surplus AAUs could be carried over to the next commitment period. This is almost three times the annual emissions of the EU. With the supply of hot air AAUs much higher than current reduction commitments (that are well under the 25-40% below 1990 levels by 2020 actually needed), carry-over would lead to no emission reductions compared to business-as-usual emission projections by 2020. As a matter of fact, CP2 commitments as they stand would likely lead to another surplus. This would be the case even if the large quantity of Russian surplus is excluded. Additionally, carbon credits from the CDM and JI that can be carried over would further lower actual emission reduction levels by 2020 by roughly 6%.

But there is hope! A proposal by the G77, which is technically sound and politically feasible in addressing this enormous loophole, could do the trick. Europe showed in Durban that it can pull its weight internationally by being the driving force behind the agreement for a new climate accord by 2015. This can’t be put at risk by domestic quarrels. The higher carbon price due to restricted carry-over could actually benefit surplus allowance holders, since it would avoid a likely price collapse after 2012.

However, ECO is deeply worried that a low ambition-laden second commitment period might emerge as a compromise. In particular, the differentiation of treatment between two types of hot air seems to be in the making. This could lead to an amendment that allows the European hot air that followed the economic crisis of 2008 to be fully carried over into the second commitment period. In particular, Brazil seems keen to allow such differentiation. ECO wonders why Brazil is so interested in helping further water down the weak European 2020 reduction target through the introduction of such a major loophole.

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Clarifying Clarifications

The two panels on quantified economy-wide emission reduction targets by developed country Parties left ECO feeling that there was something missing since Bali - like four years perhaps? - or a bit of ambition?

Surely Parties can cite 1(b)(i) from the Bali Action Plan in their sleep (“comparable” – remember)? Yet, as St Lucia pointed out, we still have different base years and metrics. That’s not going to help spotting the loopholes and freeloaders - oh sorry...everyone’s acting in good faith so no need to worry about transparency.

All in all, there are some surprisingly unsophisticated approaches on the table from some rather sophisticated economies – putting forward point targets rather than carbon budgets. And yes, ECO’s talking about those north of Latin America. This includes no clear idea how international credits used by states and provinces are going to affect the national level.  ECO was intrigued at issues for California being considered “within the noise” of measurement. Yes, who could possibly be concerned about accounting problems within an economy the size of Australia?

 And talking of the latter – ECO believes the EU’s urgings were heard loud and clear.  Australia and New Zealand, you’re wanted in the KP.  As they say in those parts, “Come on Australia.” 

All in all, some in the Umbrella group must have been wishing they had their brollies to hide behind. Can’t imagine how “banking and borrowing” can be used with inventories and point targets? Well no problem in adding a ban to the UNFCCC rule book then... And funny how those with issues with their emissions trajectories seem to be the keenest for flexibility and most concerned that harmonisation might prevent full participation. A tip to New Zealand – choirs and rugby sides seem to manage it. 

So to clarify all that clarity, ECO supports South Africa's proposal for a common accounting workshop before Doha to assist the successful conclusion of 1(b)(i).  

ECO was rather more encouraged to see some of the good progress on NAMAs presented by developing country panellists. And just a reminder to those who seem to have forgotten exactly what NAMA stands for – it’s Nationally Appropriate Mitigation ACTIONS. It’s apparent that here, too, provision of detailed information is important because it gives more clarity on what measures countries are undertaking. And this clarity will provide confidence and facilitate access to further support. On this note, ECO is having a bit of difficulty seeing the support – more of this in a minute.

Now, even with the focus on actions rather than outcomes, it is still vital that we are able to understand what emission reductions have been achieved below BAU. Not to hold developing countries to a particular goal, but to track emission reductions on a country level in the context of collective efforts.

Panel 2 on means of support seemed to have a great deal of agreement.  Capacity building and, again, this cleverly invisible means of support for developing countries to be able to develop and design effective long-term NAMAs (aligned with low carbon development pathways) was emphasised time and time again.

 Particularly notable was how this was coming almost equally from both sides of the 1(b)(ii) equation – from developing countries in order to be able to act, and from developed countries in order to ensure value for their hard-to-find money. Given this last factor, ECO is left absolutely baffled as to why many developed countries seem to believe they have a logical basis for their determination to block the capacity building negotiation in the LCA. (But hey, ECO has gotten used to being baffled by flights of logic from developed countries many times before.) And let’s face it – some of those non-KP developed countries seem to need a bit of capacity building to help them produce their QELROs.

The Ugly, the Not So Bad and the Good

ECO listened with great interest to Parties' expectations of COP18 in Qatar this year. The greatest surprise came from those bottom-up loving Brollies, who mentioned the need to have a significant amount of technical preparation to give Ministers “options” on the Kyoto Protocol. Yes, you heard it, optionSSSSSS. Why do we need plural options? Surely one will suffice? Provisional Application – period.

But it wasn’t all bad, we liked the EU’s call for more creative thinking that shouldn’t just be exclusive to parties. ECO was jumping for joy. We will definitely let our creative juices run wild and are always happy to share these with our European colleagues, as well as others.

But the real music to our ears came from the UAE, which characterized itself, like Qatar, as a small but ambitious country, claiming that many countries in the region have renewable energy initiatives and targets, and hope that Doha can be a chance for these initiatives to get the "international recognition" they deserve. ECO is often wishful, but could this be the onset of support for the Arab countries to submit NAMAs? We hope so.

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Banking on Bunkers

Today, Parties will meet under the LCA Sectoral Approaches spin-off group for the last time before Doha to discuss how to address the fast-growing emissions from international transport. Parties must make sure Doha provides a signal to the International Civil Aviation Organization (ICAO) and the International Maritime Organization (IMO) on how to reconcile the UNFCCC principle of common but differentiated responsibilities and respective capabilities (CBDRRC) of Parties, with the practices and principles of these sectoral bodies, which have a long history of regulating ships and aircraft on the basis of equal treatment of all.

Negotiating positions of many parties have remained frozen in time for the past decade or so – sadly unlike the Arctic. For those who haven’t been hunkered down in bunkers, ECO will explain. At one end of the range there’s the US and Japan, who want the IMO and ICAO to proceed with no input from the UNFCCC. At the other end, a group of developing countries who want the UNFCCC principles to override those of the sectoral bodies, which are independent and autonomous bodies under the UNFCCC, thereby treating these inherently global sectors in the same way as nationally based emission sources. This could mean for example that ships owned or operated by companies based anywhere in the world could easily escape regulation simply by reflagging to another country to avoid compliance.

Singapore has presented a helpful compromise, saying that emissions from international aviation and shipping should be addressed through global measures under ICAO and IMO, while taking into account the principles and provisions of the UNFCCC. This is sensible and appropriate as far as it goes, but even more helpful would be to give an indication of how CBDRRC might be taken into account. It seems risky to leave the interpretation of UNFCCC principles entirely up to other bodies – after all, even seasoned climate negotiators find it tricky! The most promising way to address CBDRRC could be through provisions involving revenues and/or handling of allowances from a global multilateral approach. Differentiation in terms of revenues could allow, for example, support to improve energy efficiency and technology transfer and cooperation within the shipping sector. This can ensure any burden on developing countries is addressed appropriately,  with the use of remaining revenues from developed countries for climate finance through the Green Climate Fund.

So there you have it, Parties. This would give you something to think about. But don’t take too long; remember this is your last day before COP18 and the ice is melting…

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Where There's a Gap, There's a Way

ECO was pleasantly surprised by the tenor of interventions at the ADP roundtable on ambition Saturday. There was widespread acknowledgement that, as things currently stand, we are not on track for limiting global temperature rise to 2 degrees centigrade above pre-industrial levels. Many Parties lamented the lack of pre-2020 ambition, with one bright spark noting that failure to take decisive action in the short term has ominous implications for the post-2020 process.

In the words of one delegation “there is a serious gap”. This echoes what scientists have been telling us for some time now. In its “Bridging the Emissions Gap” report published at the end of 2011, UNEP undertook a systematic assessment of the size of what we should by rights be calling the Multi-Gigatonne Gap, concluding that it is in the range of 6-11 Gt.

So even under the most conservative assessment, which assumes perfect implementation of countries’ current pledges, the world is on a pathway to emit 50 gigatonnes of CO2-equivalent per year by 2020, instead of the needed 44 gigatonnes or less. This analysis is backed up by a whole host of studies, so it seems the science is pretty solid. We think the sheer scale of the gap should have countries setting up Emergency Emissions Reductions Crisis Centres (ECO would abbreviate them EEKKs! if it were in charge).

One reason for optimism is that as huge as the Multi-Gigatonne Gap is, UNEP estimates that emission reductions of between 14 to 20 Gt of CO2-equivalent are possible by 2020 and without any significant technical or financial breakthroughs needed. What is more, the costs incurred by these reductions would not be prohibitive. That sounds like a win-win situation to us.

So what exactly can countries do to stave off impending global meltdown (unfortunately, we are not talking figuratively here)? As it turns out, there’s rather a large menu of options to choose from. Many actions could be implemented with immediate effect, using existing frameworks outside the UNFCCC. The phase out of HFCs is an excellent case in point. Agreeing to a consumption and production phase-out of these super greenhouse gases under the Montreal Protocol, with cost-effective alternatives made available to developing countries, would avoid a whopping 88-140 gigatonnes/CO2e emissions by 2050 at a very reasonable price – the near-term emissions savings would also be sizeable. This approach was recently endorsed by the nations of the world at the Rio+20 Conference – all it would take now is for Parties to the UNFCCC to do the same, thereby freeing themselves up to tackle other challenges.

Other, equally crucial initiatives countries should undertake include addressing international emissions from aviation and shipping, which together account for a massive 5% of global CO2 emissions, abolishing fossil fuel subsidies and closing the huge loopholes in the current commitments (did you know that up to 13 billion surplus AAUs could make their way into the Kyoto Protocol’s next commitment period?) to name but a non-exhaustive few.

With such a long shopping list of potential measures to chose from, there really is no excuse for inaction.

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Qatar: Still Time to Lead

As Qatar comes closer to assuming the Conference of the Parties Presidency and leading the global negotiations for the next year, some are wondering whether having a COP in the Middle East was a big mistake. They are afraid that Qatar would be overly influenced by their neighbours the Saudis, who have been constantly labelled as obstructionist since the start of this process.

Though some governments in the region have long played a less than positive role in the international climate talks, ECO believes that as President of the COP, Qatar can be a champ and lead a more progressive bloc of Arab nations within the climate talks - not only at COP18, but well beyond.

In recent years, the Qatari government has successfully positioned itself as a key player in many high profile international arenas. As a state which has become actively involved in everything from the political situation in Afghanistan, to the various democratic movements across the Middle East and North Africa, as well as successfully securing the right to host various major international events, the government is playing a significant global role, particularly relative to Qatar's comparatively small size. 

Climate change is both a threat and opportunity for Qatar. It is a low-lying, small, semi-island state, with all its developments along the coast. This makes it extremely vulnerable to climate change impacts. However, since its main export is natural gas, this makes Qatar’s economy more resilient to a transition to cleaner fuels.

Despite these facts, climate change has not been a top public political priority for the Qatari Government.  But since they will now be thrust into the spotlight in their role as COP18 hosts, ECO has maintained the hope that Qatar would become a progressive climate leader.  Unfortunately, up until now, Qatar has not shown the leadership expected, and the Qatari government is running out of time to prove ECO right and those with concerns about a Qatari COP wrong.

This is the last negotiation session before everyone comes to Doha, and there is very limited time for Qatar to show its strong political leadership, and make sure that Parties come to COP18 with the political mandate needed to ensure a successful outcome.

There are many ways that Qatar can send a message to the international community that it is serious about climate change. One way to demonstrate leadership is to have the direct involvement of the Qatari Royal Family in climate change. This has happened on other issues; for example, H.H. Sheikha Moza, the second wife of the Emir of Qatar, has been a champion of education at home and abroad.  She is the Chairperson of the Qatar Foundation for Education, Science and Community Development, which has established the education city in Qatar. It would be ideal if a member of the Qatari Royal Family would become the first Arab champion of climate change. But with less than three months to go before COP 18 opens in Doha, the Qatari Royal Family still has not been involved in the issue or even made any statement in relation to the upcoming COP. 

Another way to prove leadership is for Qatar to put a meaningful mitigation pledge into the international process, as many other developing countries around the world have already done. This would make Qatar the first Arab country to do so. Although Qatar has the highest per capita greenhouse gas emissions, what matters is not where the country's emissions stand at the moment, but what it intends to do to constrain them in the future. If Qatar could help persuade other Arab countries to inscribe their own pledges in Doha, that would further demonstrate Qatar’s leadership on the issue. Many Arab countries already have national goals and policies. They only need to take the simple step of submitting these measures to the international process as pledges of action.

Finally, Qatar can ramp up its outreach to other governments in the months remaining before COP 18, becoming more familiar with both the substantive and political issues that will play a role in the success or failure of COP 18. As it has done with previous COP presidencies, Climate Action Network stands ready to provide support and advice to the Qatari government as it prepares itself to lead the negotiations in Doha.

The world needs significant progress to be made at COP 18:

·         adoption of a second commitment amendment to the Kyoto Protocol

·         successful completion of the unresolved issues in the Bali Action Plan, including ramped-up support for enhanced action by developing countries

·         agreement of a robust work plan for the new round of negotiations under the Durban Platform

Success on these fronts depends on skillful leadership by Qatar, which ECO knows it possesses, as well as the willingness of countries to make the compromises needed to reach agreement on all these fronts.

If COP18 is a success, Qatar's reputation will be further enhanced on the international stage. Conversely, without Qatar's full leadership, COP18 risks being viewed as a "do-nothing COP," or worse, a COP where the gains of Cancun and Durban were rolled back. The world can't afford this – we all have a stake in the success of the Qatari presidency. That's why ECO maintains its hope that Qatar will fully step up to its responsibilities as the incoming Presidency, and get the job done in Doha.

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It's the Politics, Stupid!

The UNFCCC wouldn’t be the UNFCCC if the United States of America didn’t ruffle some feathers. So, right on cue, Friday’s intervention by US lead negotiator Jonathan Pershing in the ADP ambition roundtable certainly did the trick by labelling, yet again, the UNFCCC as a long and winding road to nowhere. This comes less than a month after Dr. Pershing's boss, Todd Stern, rocked his fellow negotiators with his assertion that negotiating "a treaty with binding emission targets stringent enough to...[hold] the increase in global average temperature to less than 2° centigrade above pre-industrial levels" is "entirely logical" but "ignores the classic lesson that politics – including international politics – is the art of the possible."

After a firestorm of reactions to his speech from both negotiators and NGOs, Stern issued a clarification that the US still supported the 2 degree goal agreed to by President Obama and other world leaders.  But the damage was done.

Don’t get us wrong – ECO, along with most others here in Bangkok, shares the frustration at the glacial (at least there are still glaciers somewhere) speed at which these negotiations proceed. But to paraphrase Bill Clinton: it’s the politics, stupid! The continual swipes and undermining of this process demonstrates the bad faith of the US.

ECO agrees with the US – and virtually everyone else – that other processes must help deliver the much greater ambition required to save civilisation as we know it.  We need all hands on deck. This battle can’t be won in the confines of the UNFCCC alone. But the UNFCCC is an essential element of an effective global response to climate change, and the US vision of a fragmented, bottom-up international process will never deliver enough ambition to keep us well below 2 degrees. Our experience with the agreements reached first in Rio, and more recently in Copenhagen, clearly proves this.

Higher degrees of trust and accountability are required to encourage greater ambition. Isn’t this why the US pushed so hard in Copenhagen and Cancun for more robust MRV from China et al? It claimed that reassurances of other countries' ability to meet their pledges is essential to persuade its Congress and public that the administration's pledge to reduce US emissions 17% below 2005 levels by 2020 (read: -4% based on 1990 levels) is reasonable. But now that the shoe is on the other foot, and it's constructive action that is demanded of the US to encourage others to act, all we get are claims of

“NO WE CAN'T”

The assertion that top-down agreements produce lower-ambition results is nonsensical. It goes without saying that complementary investments to support change in the real economy are critical to change a country’s perception of its national interest. But top-down agreements are essential to incentivise ambition, as only a serious multilateral regime can convince those whose capital allocation decisions shape the economy that a high-carbon business model will expose them to greater risk and hit their returns harder than betting now on a low-carbon future.

The Kyoto Protocol, though far from perfect, gave us a legal framework that culminated in European taxpayers and companies investing at least €40 billion to purchase international carbon credits. The Kyoto Protocol spurred on Europe’s renewable energy investments, which have helped create a global revolution in renewable energy investment now outstripping annual new fossil fuel-powered investments. Thanks to Kyoto, it is Europe’s energy regulations and standards which emerging economies are emulating, and which underpin a global market worth US$3 trillion. Without Kyoto, China would not have decided to implement a Five-Year Economic Plan based on the core assumption of rapidly expanding global markets in clean energy. It's clear that Kyoto, a top-down multi-lateral agreement, has shaped global economic reality. 

The sluggish progress we witness at these negotiations is not due to the intrinsic nature of the UN system, but is truly a reflection of the woeful political leadership of countries like the United States. It's ironic that a decade after the world was compelled to defend the Kyoto Protocol against the vicious and unfounded attacks of the Bush administration, the US is yet again proving a grave threat to the progress needed in these talks.

ECO would suggest the next time Dr. Pershing feels the urge to make yet another comment about the rapidity and effectiveness of agreements here in the UNFCCC, that he stop and take a long, hard look at what the US is doing, compared to its fair share of the much greater global effort needed to address the urgent threat of climate change.

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Is It the Grave For “Noting With Grave Concern”?

“We believe that the world has had a lot of time to think. What we need is not more thinking. What we need is more action”. Inspiring words indeed in Durban from the EU, LDCs and AOSIS (the artists formerly known as the Durban Alliance). In the whirlwind after COP17, Europe was at pains to stress the importance of its victory on the inclusion of language in the Durban Platform “noting with grave concern” the significant (understatement of the year) gap between aggregate mitigation pledges and pathways consistent with below 2 degrees C. This was the foundation of the alliance with the LDCs and AOSIS. Further, in Bonn, ECO witnessed an epic battle by these groups and others to include pre-2020 ambition on the agenda.

But what have we here in Bangkok? Has Europe’s jet lag gone to its head? It appears as though the EU has abandoned its most vulnerable country allies, and is instead cosying up with the notorious ship jumpers – the US, Japan, Russia and Canada – on the critical issue of raising developed country targets pre-2020. Indeed, in the KP discussion on numbers, one EU Commission official went as far as to say that raising the EU’s 2020 level of ambition to 25% “is not reality, it is wishful thinking”. Given its urgent call for much greater ambition, ECO calls on the EU to commit to at least 30% domestic emissions reductions, and 40% overall, below 1990 levels by 2020. In addition to where it comes down on its 2020 target, the EU’s decision on how to handle AAUs will very much affect the overall level of ambition, as will its provision, along with other Annex II countries', of finance in a post-FSF world.

But let’s be fair, the EU is by no means the worst culprit here in Bangkok. That dubious distinction goes to the United States, which, despite agreeing to the Durban Platform  language on the urgent need to increase pre-2020 ambition, is now asserting that there should be no expectation of it or the other KP ship-jumpers increasing their pledges. Or – heaven forbid – turning them into QELROs. (Read on – ECO has more to say about the US later in this issue.) Instead, it’s all about everyone else. ECO would like to remind the US that all Parties “noted grave concerns” about the gigatonne gap, and notes the US would be first to say the ADP is “applicable to all Parties”. So yes, USA – this means you! And as for Japan, Canada and Russia, just because you’re cowering behind the US, doesn’t mean ECO will not name and shame you (and you too Australia and New Zealand, if you fail to sign up and ratify a second Kyoto commitment period).

Just last week the planet suffered another severe blow from lack of mitigation ambition. The Arctic – our planet’s canary in the coal mine on climate change – suffered record ice loss, according to scientific reports. Last week’s figure not only smashed all other records, but also came three weeks premature! The canary’s not dead yet, but it is gasping for breath.

And that means that the hundreds of millions of people here in Thailand and South East Asia, as well as around the globe, who are already suffering the impacts of the climate crisis, will suffer far more unless urgent action is taken. The earth is in grave danger. Developed countries must act now by committing to reduce their collective emissions by at least 40% below 1990 levels by 2020. ECO notes (wait for it...with grave concern) that their current pledges are woefully inadequate.

ECO agrees with Colombia, which in the ADP roundtable on ambition yesterday, noted that dealing with climate change is an urgent matter of global security. As Brazil further noted (so much noting!), many analysts think climate change is on par with global thermonuclear war as a threat that we have to do our utmost to avoid.

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