ECO wonders if developed countries are scheming to create suspense on the Adaptation Fund over the next couple of days, by orchestrating the announcements of their pledges to start with the lowest first: Norway’s US $2.5 million was announced yesterday. While that doesn’t quite compare to Sweden’s $30 million, we believe that every dollar counts. Perhaps we will now see a race to the top, with a string of pledges -- each one higher than the one before -- to reach and exceed the goal of $100 million before COP 19 is over.
Fill the Adaptation Gap
Only a minor share of climate finance is currently being allocated to adaptation, meaning that vital support to the world’s vulnerable people and communities is lacking. Agreement must be reached to increase finance for adaptation, and a first step must be to improve the balance between mitigation and adaptation. COP 19 should agree that at least 50% of all public climate finance is allocated to adaptation.
Where is the Finance (WTF) to fill the gap? Here’s one of many answers to that question, the Financial Transaction Tax (FTT).
Over 200 civil society organisations today launch a call for a fair climate fund to be established this week in Cancun. As ministers arrive to face the vital politi¬cal challenges around the continuation of the Kyoto Protocol, sufficient political time and energy must be spared to ensure substantive outcomes on issues that really matter to those suffering from climate change’s savage impacts.
With negotiations for a draft ADP text entering their third day, the debate on equity is surely heating up. This is the moment to ensure that an important aspect of effort sharing is on the agenda: the equitable provision of finance and other means of implementation – especially to the most vulnerable.
At the ADP session last night on the chairs’ (now Parties’) text there was at least one thing in common: nobody likes it very much.
ECO is with you on that, but at least there is a text. That’s an important milestone in a long journey. We’ll heed the Chairs’ advice and not provide per paragraph comments but provide some initial impressions.
Last year, Doha decided that institutional arrangements ‘such as an international mechanism’ would be established at COP 19. Fulfilling this mandate is the biggest expectation here in Warsaw.
Germany is in the middle of difficult coalition talks following the September elections. Climate policy is one of the areas where there still is no agreement.
The climate system is a heritage held in trust and passed on from generation to generation. Although the ADP is currently deadlocked, the principle of intergenerational equity (‘Inteq’) could help find common ground. Not only could Inteq bridge generations, it could also heal the divide between developed and developing countries.
The COP host, Poland, earns today’s First Place Fossil for aggressively promoting coal.
The Polish government is endorsing the International Coal and Climate Summit. The Polish Ministry of Economy and the World Coal Association developed "The Warsaw Communiqué", a statement claiming “there is a misconception that the use of coal is incompatible with meeting the challenge of climate change”, contrary to the fact that coal combustion is the largest contributor to the human-made increase of CO2 in the Earth’s atmosphere.