Tag: One Planet Summit

Civil Society React to the One Planet Summit

The One Planet Summit is a positive move in the right direction. But

governments must step up with faster and more ambitious climate action.

Paris - The One Planet Summit saw the emergence of many positive initiatives namely the

World Bank committing to stop financing oil and gas exploration and extraction projects by

2019 and AXA insurance halting all new coal and oil sands development and announcing 12

billion Euros of green investment by 2020.

While they are positive steps in the right direction, these pledges are not enough to meet the

objectives of the Paris Agreement and the needs of vulnerable communities to adapt to climate

change and deal with the damages and losses caused by its impacts. We know from the 2017

United Nations Emissions Gap Report that we are not on track. The report tells us that we need

to triple efforts, step up both private and public finance and accelerate the deployment of

renewables to meet the goals of the Paris Agreement and keep warming below 1.5C.

This year is probably among the five-warmest since about 150 years and brought massive

hurricanes in the Atlantic and the Caribbean, devastating floods in south Asia and out of control

wildfires in California. Simultaneously, 2017 might have broken the global record of man-made

CO2 emissions after three years of stagnating carbon pollution, indicating that global use of

fossil fuels is growing stronger than its replacement by renewables. This only means that faster

and more urgent and concrete action is needed especially by governments to avert further and

severe devastation of people and destruction of ecosystems.

Despite these warning signs, many governments, private and multilateral development and

financial institutions are still funding fossil fuels in the range of hundreds of billion $US

annually. This undermines the Paris Treaty and is a complete waste of time and money that we

can no longer afford.

Governments, banks and other major actors must immediately shift investments from the

energy of the past, the dirty fossil fuel industry of coal, oil and gas towards 100% renewable

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energy, the cheapest, healthiest and most productive energy source. Countries must also move

towards energy efficiency and sustainable land use to prepare for a fully decarbonised economy

by mid-century latest.

This Summit was good for the momentum needed for 2018, a critical year filled with many

opportunities and moments for countries to step up and demonstrate ambition.

Climate Action Network members react:

Greenpeace International climate campaigner Gyorgy Dallos:

"The end is clearly coming for the oil and gas industry as the pace of change accelerates. After

Norges Bank's historic announcement, the World Bank – as one of the world's most powerful

financial institutions – has sent a damning vote of no confidence to the future of the fossil fuel

industry. The world’s financial institutions now need to take note and decide whether their

financing is going to be part of the problem or the solution. Critically, we also welcome the

World Bank taking the challenge to set a unifying standard for green bonds. This is much

needed especially considering the ongoing review of the China Green Bond Catalogue, which

still includes coal.”

Manuel Pulgar-Vidal, WWF Climate & Energy Practice Leader:

”The need for climate action has never been more urgent than now. Initiatives, such as this

Summit hosted by President Emmanuel Macron, are important to keep our leaders committed,

political will high and momentum in scaling and speeding up new and existing climate actions

across all actors. This is critical if we are to keep warming below 1.5°C and avoid the worst impacts

of climate change.”

Brett Fleishman, 350.org Senior Finance Campaigner:

“President Macron and other world leaders, are meeting right now to supposedly discuss

shifting capital to climate solutions. But we are here to ring the alarm by bringing attention to

the unabated support of the fossil fuel industry. We have research that clearly demonstrates

that the French government, through its many agencies, is still invested in the energies

sources of the past. This acts as a drag on the climate finance summit. This charade of caring

about the planet can’t go on. Every euro and dollar spent on adaptation and mitigation is

undercut by even more money spent on the fossil fuel industry,” said Brett

Fleishman, 350.org Senior Finance Campaigner. "Whatever the outcomes from this summit, the

global climate movement will keep on pushing through 2018 to accelerate the transition away

from fossil fuels to 100% renewable energy for all."

Alex Doukas, Director of the Stop Funding Fossils Program at Oil Change International:

“The World Bank’s monumental announcement that they are moving out of upstream oil and

gas finance after 2019 stole the show in Paris. This move from the World Bank demonstrates

real climate leadership, and could help signal a broader shift away from the tens of billions of

dollars in public finance that G20 governments and multilateral development banks dump into

fossil fuels each year. These institutions still provide $72 billion in public finance to fossil fuels

annually, which is why a shift away from fossil fuel finance is crucial if we hope to meet the

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aims of the Paris Agreement. Government commitments to scale up climate finance are

important, but they’re not enough. Others need to follow the lead of the World Bank and signal

that they will stop funding fossils.”

Nick Mabey, CEO and Co-founder E3G:

“The success of the One Planet Summit shows the world has moved past Trump and is focusing

on delivering the Paris Agreement. The sheer amount of announcements at the Summit prove

smart finance is moving out of fossil fuels and into the clean economy. We must now follow

through to make sure governments, businesses and financial institutions increase their climate

ambition to 2020 and beyond.”

Sven Harmeling, Global Policy Lead, Care International’s Climate Change and Resilience

Platform:

“CARE welcomes the One Planet Summit where promising announcements were made to move

away from fossil fuels to help slow down the escalation of climate change, such as by the World

Bank and the insurance company AXA. However, we are disappointed by the lack of

commitments from developed countries for adaptation finance which is necessary to help

vulnerable people, especially women and girls, prepare for climate change impacts such more

severe floods and droughts. Nations and private donors must step up their ambition in 2018.”

Erin Flanagan, Federal policy director at the Pembina Institute in Canada:

“Canada continues to take steps to phase-out dirty coal-fired power from its domestic

electricity mix by 2030. And today, together with the World Bank, it took a new step to

accelerate the coal-to-clean transition around the world. We commend this important step

forward and call on other countries join in this momentum.”

Aki Kachi, International Policy Director, Carbon Market Watch:

On the anniversary of the landmark Paris Agreement, world leaders have gathered again in

Paris to reiterate their commitment and many mention carbon pricing. For carbon pricing to

actually play the role it needs to, taxes and cap and trade programs need to start to bite: prices

must rise rapidly to 40-80 USD per tonne CO2 by 2020.

Christoph Bals, Policy Director, Germanwatch, said:

“The One Planet Summit showed we are in a new phase of international climate action focusing

on achieving the objectives agreed by all governments of the world two years ago. The summit

showed that there is enormous momentum to step up global climate action, particularly in

three areas: formulating a clear objective for national long term targets of net-zero emissions

by 2050; setting an investment relevant minimum price on carbon emissions; and requiring

companies to disclose their climate risks and strategies in a forward looking and comparable

way. For the future German government, this summit has formulated clear homework: France

is asking for a joint leadership role to set a carbon-neutrality objective by 2050, to introduce a

investment relevant minimum carbon price for all sectors and make forward looking climate

disclosure mandatory for companies and investors.”

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Catherine Abreu, Executive Director, Climate Action Network Canada:

“Celebrating the second anniversary of the Paris Agreement by showcasing its influence on

global economic trends was a brilliant way to drive home the real world implications of climate

action and the need to support the world’s most vulnerable communities as they fight climate

change and respond to its devastating impacts. However, high-level Summits are only as good

as the actions they generate, and the world will be watching to see to what extent momentum

is increased to shift financial flows and mobilize the trillions of dollars in climate finance

required. As one of the founders of the Powering Past Coal Alliance, Canada’s move to put its

money where its mouth is and partner with the World Bank to finance the coal-to-clean energy

transition in developing countries and small island states is a great example of the action

required. Now attention must turn, in Canada and around the world, to phasing out fossil fuel

subsidies. Countries can’t adequately fund climate solutions while they continue to fund the

problem."

Nithi Nesadurai Regional Coordinator Climate Action Network South-East Asia

“The One Planet Summit keeps the focus of the global community on the Paris Agreement and

outcomes of COP23, as we move into the COP24 next year when countries are expected to

raise their ambition on climate action through the Talanoa Dialogue. But for this Summit to be

truly meaningful, it needs to send a message that most of the global community, with

industrialised countries taking the lead, need to go faster and further than previously

considered towards raising their ambition to reduce greenhouse gas emissions.

Non state actors and all sectors also need to take ownership of this effort and step up if we are

to get to our goal of keeping temperature rise below 1.5C. It is the least we can do for our

planet."

For more information, contact:

Hala Kilani

Senior Communications Officer – CAN-International

Email: hkilani@climatenetwork.org

Tel: +961 3 567928 Skype: halakilani

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