Finance Working Group

Many developing countries lack the resources to properly address the profound challenges of climate change. For this reason, developed countries have long promised to provide support to help developing countries limit their emissions and adapt to the impacts of climate change. Yet for the most part, the assistance that has been provided to date has been inadequate to meet the challenge. The CAN Finance Group coordinates advocacy and policy work around the need to rapidly scale up support for climate action from developed countries directly, and through new, innovative sources of finance. The group’s main focus is to ensure that sufficient support is available for developing countries to reduce their emissions as required to stay below 2 degrees/1.5 degree temperature rise, and to help countries adapt to climate effects that are already inevitable. Towards this end, the group works to strengthen financial commitments within the UNFCCC and other venues, and to ensure that the Green Climate Fund is an effective and appropriately funded vehicle for delivering climate support to developing countries.

For more information please contact:
Kashmala Kakakhel, WEDO, kashmalakakakhel@gmail.com
Lucile Dufour, Réseau Action Climat France, lucile.dufour@reseauactionclimat.org
Eddy Pérez, Climate Action Network Canada, eddy@climateactionnetwork.ca

CAN Submission on the Scope of the Technical Paper Exploring Sources of Support for Loss and Damage and Modalities for Accessing Support, February 2018

The prevalence of extreme weather events and climate impacts experienced all over the world in 2017 - hurricanes in the Caribbean, heavy floods in South Asia, floods and droughts in Africa, droughts and rising sea levels in the Pacific, changing rainfall including flooding in South America - make it very clear that we have no time to waste.  The most vulnerable people in the frontlines of climate change require finance for loss and damage urgently. 

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CAN Annual Policy Document: Pacific COP - Solidarity and Action to Realize the Promise of Paris, October 2017

At COP  23, Parties to the UNFCCC must realize the vision of Paris by making substantial progress on all agenda items under the Paris Agreement Work Programme. The development of a zero draft of the implementation guidelines, in form of a text, will be a key milestone to measure success.

COP 23 must also lay the ground, in form of a roadmap, for a successful facilitative dialogue in 2018 to assess collective progress towards the goals of the Paris Agreement and indications of implications for revised NDCs.

 

Several elements will be necessary for creating the right conditions for enabling both immediate and longer-term action:

 

Raising Ambition to Avoid Increasing Impacts:

  • The Ambition Mechanism consists of three elements: a facilitative “Talanoa dialogue” in 2018 (FD2018), to assess collective progress against a 1.5°C pathway and to increase ambition thereafter, a second periodic review to translate science into policy, and a global stocktake to increase ambition every 5 years. Comprehensive progress must be made in the design of these elements at COP 23 to ensure they fulfil the potential for raising ambition that they embody.
  • Loss and Damage: CAN believes that the first Pacific COP is a unique opportunity for the WIM to fully implement its mandate. This includes generating and providing finance for loss and damage, including from innovative sources, adopting a stronger five-year workplan for the WIM than the one the ExCom approved in October, mandating the WIM and SCF to elaborate modalities for clear and transparent accounting of finance for loss and damage, and providing adequate finance to implement the mandate of the WIM.
  • Adaptation: Adaptation must be part of the ambition mechanism. In order to make that happen, clear guidelines for adaptation communications need to be adopted by 2018 and the Global Goal on Adaptation needs to be operationalized. A more comprehensive review of the institutional arrangements on adaptation, including National Adaptation Plans (NAPs), must also be initiated to determine if they are fit-for-purpose.
  • Agriculture: To enhance the implementation of the Paris Agreement and to identify and catalyze action to address gaps in knowledge, research, action and support, a joint SBSTA/SBI Work Programme on Agriculture and Food Security should be established by COP 23.

 

Support for Action to Enable Increased Ambition:

  • Finance: COP 23 should result in progress towards ramping up climate finance to US$100 billion a year by 2020 to be increased by 2025, progress in mobilizing private finance in developing countries, and improved transparency of finance mobilized and provided. The imbalance between mitigation and adaptation finance should also be recognized and lead to increased adaptation finance and confirmation that the Adaptation Fund will serve the Agreement.
  • Technology: The Technology Framework must ensure support for climate technology towards the goal of successfully implementing NDCs. To this end, the periodic assessment must include metrics and indicators that will enable countries to make informed choices and predict the needs of developing countries for transformational technologies.

 

 

 

Transparency of Action and Support:

  • Enhanced Transparency Framework: A core set of robust and enforceable guidelines that build on and enhance the existing systems of transparency, towards a common framework, is critical in driving ambition. The modalities, procedures and guidelines (MPGs) should ensure that accurate and sufficient qualitative and quantitative information on adaptation, finance, policies and measures, and projections are submitted by Parties.
    • Transparency of Action: MPGs must include transparency of mitigation and adaptation and should be broad enough to account for different NDC types towards providing up-to-date and relevant information to the global stocktake.
    • Transparency of Support: Key concepts of modalities for accounting climate finance must be identified at COP 23, including further guidance on how to report on non-financial support. Support should be provided to developing countries that will enable them to comply with common standards of the transparency framework.
    • Flexibility in the Transparency Framework: CAN encourages Parties to recognize flexibility in different ways for countries that need it while at the same time encourages Parties to make MPGs that could be implemented by all Parties that will ensure maximum levels of detail, accuracy, and comparability.
  • Accounting for Agriculture Forestry and other Land Use (AFOLU): CAN believes that it is essential that all Parties account for emissions and removals from AFOLU in all land use sectors in a comparable and transparent way using the methodologies provided in the 2006 IPCC Guidelines and NDC-consistent base years measured using agreed methodologies.
  • Accounting for International Transfers: CAN believes that any transfer of international units should help enhance ambition of NDCs. This can be done by ensuring that the guidelines for Article 6 avoid double counting and are in line with the goals of transparency, enhanced ambition, environmental integrity, human rights, and sustainable development.
  • Accounting for International Shipping and Aviation: Parties should urgently take action through national, bilateral, regional and multilateral measures to reduce transport emissions and ensure that the International Maritime Organization (IMO) and International Civil Aviation Organization (ICAO) give adequate account of measures and efforts in the FD2018. Parties should also include information on bunker fuel burn and relevant transport work in their NDCs and ensure that the use of any mitigation outcomes guarantees environmental integrity and is not double counted.

 

Robustness of the Paris Agreement Now and Over Time:

  • Long-Term Strategies and Action Agenda: To encourage increased ambition and early adoption of low-carbon pathways, all countries should come forward with long-term strategies as soon as possible, following a fully participatory planning process with G20 countries leading the way and submitting well before 2020. Strategies should include countries’ planned peak years, the year they expect to achieve a balance of sources and sinks, and details of conditions or support needed.

Limiting global warming to 1.5°C will require urgent, ramping up of pre-2020 action on mitigation, adaptation, and means of implementation.

  • Civil Society Participation: Fijian “talanoa” spirit should serve the Parties with a longer-term framework for fruitful and balanced deliberations. In particular, active civil society participation should be guaranteed during the FD2018 process, the development of guidelines for the global stocktake, the transparency framework, deliberations on Article 6 and in the development and implementation of long-term strategies.
  • Gender Action Plan and Indigenous People’s Platform: This year the Gender Action Plan should be adopted and the Local Communities and Indigenous People’s Platform should be made operational to ensure that those that may be victims of climate change are being empowered

 

 

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CAN Briefing Paper for the Ministerial Pre-COP Meeting, October 2017

The Paris Agreement was adopted with thundering applause worldwide and has entered into force in record time for providing a new architecture and regime for climate action past 2020. Now, we must deliver on the promise of the Paris Agreement by accelerating efforts in producing its implementation guidelines and ensuring greater ambition in the pre-2020 period and beyond. 

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Joint G20 Engagement Groups Statement on the Withdrawal of the United States from the Paris Climate Agreement

We call for responsible leadership and long-term frameworks 

Climate change represents one of the largest risks to sustainable development, gender equality, inclusiveness, equitable economic growth, and financial stability. To curtail climate change, we need fast and ambitious global action. Therefore, we, the Chairs of the Climate and Energy Taskforces of the G20 Engagement Groups Business 20, Civil 20, and Think 20 as well as the Engagement Groups Labor 20, Women 20 and Youth 20 – together with the Foundations 20 –, consider the decision of the U.S. Government to pull out of the Paris Climate Agreement as very short-sighted and irresponsible. This decision not only ignores the reality of climate change and the opportunities of an international framework for the necessary transformation but also undermines the standing of the United States as a reliable partner in solving global problems. Ignoring the threat posed by climate change endangers a sustainable future for today’s youth and coming generations. Today’s challenges are global in nature and require coordinated solutions and international cooperation. We need globally agreed upon targets and frameworks – like the Paris Agreement and the UN’s Sustainable Development Goals (SDGs) – to transform huge challenges into opportunities and to create a perspective for innovation, decent jobs, and a vivid civil society. 

While we welcome constructive suggestions on how to implement the Paris Agreement, the UNFCCC and many countries have made clear that the agreement cannot be renegotiated. We agree with this and strongly encourage the United States to stay in. 

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