Tag: Fossil Fuel Subsidies
*By compromise, ECO mean somewhere in between what is scientifically needed and what YOU tell us is currently feasible.
The Conference of the Parties,
Recalling Article 4, paragraphs 1, 3, 4 and 5 and 7 of the Convention,
Reaffirming the unwavering commitment of parties to keep global average temperature increase well below 2 degrees C above pre-industrial levels and the continuum approach between mitigation, adaptation, loss & damage and finance that is required to ensure equity before 2020.
Reaffirming the urgency to address the current imbalance in mitigation and adaptation finance – in light of recent studies showing the adaptation and loss and damage costs in developing countries will very likely be well in excess of US$100 billion per year by 2020.
Reaffirming the need to raise mitigation ambition levels between now and 2020, and achieving emission reductions on the order of 8-13 Gigatonnes of emissions in the pre-2020 period, beyond existing commitments and actions registered under the UNFCCC.
Supporting the authoritative assessments demonstrating that staying well below 2°C will require several hundred billion of incremental finance per year and the shifting of trillions of dollars of existing private sector investments into low carbon technologies and solutions.
Emphasising that the commitment by developing countries to provide $100 billion for developing countries will be delivered in the form of new and additional public finance, through budgetary allocations from developed countries, supplemented by revenues from alternative sources of public finance
Emphasising the shortcomings of the main revenue stream for the Adaptation Fund in relation to the expected low price of CERs under the Clean Development Mechanism and the need for new and additional commitments by developed countries.
1. That developed country Parties shall provide jointly new and additional public finance amounting to an average of US$20 billion annually for the period 2013-2015, for mitigation and adaptation actions, including for REDD, technology and capacity building.
2. That for the periods of 2016-2018 and 2018-2020, developed country parties shall scale up financing in a linear manner from the current levels to reach $100 billion annually in public finance by 2020.
3. That developed countries shall allocate at least 50% of overall public finance to meeting developing country adaptation needs.
4. To establish a formal process to capitalise the GCF with an initial collective pledge of (…)** by COP19.
5. To call on the relevant bodies to design and implement global measures to raise new streams of public climate finance, particularly through:
i) Redirection of at least 100% of Annex 2 fossil fuel subsidies
ii) Carbon pricing mechanisms applied to the international aviation and maritime transport - in accordance with the principal of CBDRRC and existing commitments under the UNFCCC.
1. The pledges to the Adaptation Fund of (…)** collectively made by Annex 2 Parties for 2013/2014, as contained in Annex C of this decision, and those made by other Parties.
2. The initial pledges to the Green Climate Fund of (…)** collectively made by Annex 2 Parties as contained in Annex D of this decision.
3. The recent declaration by 11 EU Finance Ministers to earmark at least 100% of the revenue raised through their Financial Transaction Tax to the Green Climate Fund.
** "there is not enough space on this page to specify the number of billions ECO is expecting"
For official CAN positions, please refer to www.climatenetwork.org
While delegates will be discussing low emission development opportunities in today’s workshop, many of your countries are still feeding their tragic addiction to fossil fuels. You say you want to keep global warming below 2°C and to keep the door open for 1.5°C, but in fact you are consuming fossil fuels as if 4 degrees was the new 2 degrees.
It is well-trodden ground that there is a huge gap between what Parties say they want (staying below 2°C and keeping the door open to 1.5°C) and what Parties have pledged to contribute between now and 2020 to achieve that planetary necessity.
(a) Application of Principles of Convention
Photo Credit: IISD
Canada’s environment minister, Peter Kent, arrived in Doha yesterday under the long shadow of the tar sands.
Roaming in the halls of the QNCC, it’s not hard to hear the frustration from poorer countries lamenting the lack of climate finance. The only thing louder is the excuses from the richer ones, saying the money is nowhere to be found.
Earlier this year, ECO was delighted to read submission upon submission referencing the potential for removing fossil fuel subsidies to contribute substantially to pre-2020 mitigation ambition. In fact, it was so exciting that we counted the countries represented by these submissions. Turns out, over 110 countries supported submissions calling on fossil fuel subsidy reform to be included as an option for raising mitigation ambition.
SBSTA Opening Plenary Intervention
26 November, 2012
Mr. Chair, Distinguished Delegates,
My name is Adriana Gonzalez from Puerto Rico and I am representing Climate Action Network.
Parties must ensure that climate policies encompassing agriculture include considerations and safeguards that protect and promote food security, biodiversity, equitable access to resources, the right to food, animal welfare, and the rights of indigenous peoples and local populations, while promoting poverty reduction and climate adaptation.
Towards this end, SBSTA should facilitate the exchange of views among Parties on, among numerous other things:
· Assessing existing adaptation policies to ensure they are designed to avoid aggravating existing inequalities and to support the most vulnerable.
SBSTA’s recommendations to COP18 for REDD+ on Monitoring and on Measuring, Reporting and Verification must ensure sustainability and permanence of emissions reductions. Building further consensus on reference levels, safeguards information systems and how to address drivers of deforestation is critical for ensuring that REDD delivers benefits for the climate, forests and peoples.
Finally, countries continue to spend hundreds of billions of dollars in subsidizing fossil fuels each year. SBSTA should ensure its reporting guidelines for biennial reports include guidance to report on the existence of and efforts to remove these subsidies, to facilitate the removal of these harmful subsidies.