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In Durban, Parties agreed to a package – the adoption of a second commitment period of the Kyoto Protocol, a successful conclusion of the LCA, urgent action to close the pre-2020 mitigation gap between the 2 degrees goal and the collective pledges now on the table, and collective movement toward a fair, ambitious and binding agreement in 2015. Parties must honour this political bargain.
Japan will soon make a decision on new energy and climate policy in light of the Fukushima nuclear accident. ECO supports the voices of the majority of Japanese people, who say, “No, thank you” to nuclear. Nuclear is not a solution.
ECO is heartened to have heard that a group of developed countries is considering putting concrete numbers on the table for long-term finance in Doha. In the last year of Fast Start Finance, and with few firm commitments for finance from 2013 onwards currently on the table, this is none too soon. Substantial new and additional climate finance commitments could really help to give a boost to the negotiations going into Qatar.
We stand at the precipice of what could be the final stroke of the LCA at COP18 in Doha, and the conversation is turning ever more to the question of how political decisions for various elements of the LCA that have not been fully resolved will be handled post-COP18. ECO sees that the discussion on technology transfer, which cuts across mitigation and adaptation, provides a stark view of what's at stake if the LCA's closing is not properly done, in the light of the sometimes yawning gap between the understandings of developed and the developing countries.
ECO congratulates the Adaptation Committee (AC) members for their selection and welcomes them to Bangkok, where the first AC meeting will take place. The AC has been mandated with the very important task of promoting the implementation of enhanced action on adaptation in a coherent manner, and supporting the COP in taking appropriate decisions on adaptation. ECO would like to encourage all members of the AC, both from developed and developing countries, to work as ONE TEAM and with a true spirit of collaboration and cooperation.
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.
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.
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.
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.