Many countries are already working hard to prepare their INDCs. ECO has said repeatedly that INDCs need to be assessed for adequacy (do INDCs sum up to <2°C?) and equity (are countries doing their fair share?). The INDCs must include all the elements, and also set out an assessment phase between March 2015 and Paris. This must include:
ECO 3, ADP2-6, English
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Monday’s ADP session on adaptation and loss and damage covered a lot of ground. LDCs’ call to base all adaptation actions on certain guiding principles, as agreed upon in the Cancun Adaptation Framework, set off the debate on a positive foot.
A decision in Lima that commitment periods will operate in 5-year cycles is vital to the integrity of the Paris agreement. ECO wants to remind all delegates in Bonn that a 5-year commitment period:
ECO is hearing rumours of a battle over the EU’s direction for a long-term goal towards a carbon-free future, and its position on INDCs. European environment ministers will meet in Brussels early next week to adopt the EU’s position towards Lima. This is an opportunity to show they are serious about building a truly fair and ambitious global climate regime.
ECO is keeping a close eye on the TEM on non-CO2 greenhouse gases today, and this won’t be the first time we’ve highlighted that there is a crying need for countries to step up and deliver on pre-2020 mitigation. Without this, we won’t have a snowball’s chance in a 4°C world of bridging the multi-gigatonne pre-2020 emissions gap.
Is there a new climate hero on the horizon? ECO was excited to read that the new Swedish Government is thinking of pledging SEK$4 billion (US$560 million) to the GCF for the 2015-18 period. That’s not all: the 2015 portion of this pledge will also, at the very least, be in addition to its already planned ODA (1% of GNI).