Tag: finance

Angela Anderson, USCAN, in Tianjin

Angela Anderson - CAN United States at the UNFCCC Climate Talks in Tianjin China

Angela Anderson - United States CAN at the UNFCCC Climate Talks in Tianjin China talking to OneClimate.net

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Global Climate Fund_Briefing Paper _Oxfam - Oct 2010

Climate change is already negatively affecting the lives and livelihoods of poor men and women. Yet it is estimated that less than a tenth of climate funds to date have been spent on helping people in vulnerable countries adapt to the impacts of climate change. The poor are losing out twice: they are hardest hit by climate change they didn’t cause, and they are being neglected by funds that should be helping them. Climate finance can and must be made to work from the bottom up, particularly for women smallholder farmers.  

Starting with the formal establishment of a new Global Climate Fund, decisions on climate finance governance need to set a new direction for a post-2012 era.  This paper presents a vision for a new Fund and broader finance system that is effective in meeting the scale of developing country financing needs, and is widely considered – by governments and civil societies – to be legitimate in its decision-making.  
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No Time to Lose

Dearest delegates, we gather you’ve been working hard behind those mostly closed doors. But let’s face it, following the failure of Copenhagen to deliver a fair, ambitious and binding agreement, the refusal all this year to set aside differences and focus on areas of convergence may yet scupper the UNFCCC talks. At Cancun, you will bear a heavy responsibility.
If one were to believe the international media, the story of Tianjin has been a high stakes standoff between the US and China, ‘I won’t do till you do’ stalling, and negotiating paralysis. So let’s unpack that a bit.
On the one side there is the United States, the emissions superpower that so far has not submitted itself to internationally binding carbon reduction commitments, and really has to do far more than a measly 4% reduction target on 1990 levels. A commitment on long-term finance would suit the Americans much better than a tone of righteous indignation. And though it pains us to say it, as in Bali, the US should step aside if it is not able to make real commitments, and let the world conclude an ambitious deal.
On the other side, China has been working hard at home to implement a commendable low carbon vision. China could propel the negotiations forward by agreeing to international consultation and analysis of its low carbon actions.
There are, however, more than two countries in the world and every country has something to offer in the negotiations. Whilst things have not gone smoothly this week, we gather that Parties made some incremental progress. However, incremental progress does not cut it with the planet, nor will it be sufficient at Cancun.
Creating momentum requires commitment. At Cancun we need to refuel and take aim at the most ambitious level of agreement possible across all elements. Crucially, we need to map out the next important step of our journey to a fair, ambitious and binding deal in South Africa. A failure to plan our route – with a timeline, workplans and format for negotiations – will have us meandering along the dirt tracks as if we had all the time in the world, whilst climate destruction takes the fast road.
A positive development at this meeting is that negotiators have begun to grapple with the package for Cancun. The fact that a vast majority of Parties are seeking a legally binding outcome in the LCA track is self-evident.
But we are also pleased that so many Parties have expressed willingness to recommit to the Kyoto Protocol with a second commitment period. That must be crystal clear in the Cancun package.
It is essential that the stand-off in the legal matters group ends, otherwise there may be unintended consequences to the future of the Kyoto Protocol.
Parties gave assurance in Bali that there would be no gap between commitment periods. But that’s not what is happening, and carbon markets, already soft since Copenhagen, will likely weaken further.
Here are essential elements of the package to contemplate between Tianjin and Cancun:
FINANCE
Discussions on finance have focused on the establishment of a new fund under the Convention. The COP should also establish an oversight body to perform crucial functions such as ensuring coherence of the financial mechanism, coordination, and assuring a balance of funding.
We know that some countries have been working hard to bridge the divisions on these issues. At Cancun we expect that Parties will establish a Fund with democratic governance, providing direct access for developing countries, and functioning under the guidance and authority of the COP.
TECHNOLOGY
Technology often tops the lists of potential outcomes in Cancun, yet the details have remained elusive in Tianjin. The key question is the institutional arrangements of a multilateral mechanism, with the aim to scale up and speed up the use of climate friendly technologies. Here again, governance should be placed under the authority of an entity whose mission is focused on limiting warming to 1.5o C.
MITIGATION
Mitigation clearly is a most essential element of the package. Despite this, negotiators chose to dive into contention rather than seeking convergence. A focus on developed country pledges, the NAMA mechanism, as well as NAMA design, preparation and implementation took form only on Thursday.
In preparation for Cancun, Parties should replace their ‘dog ate my homework’ excuse with a willingness to agree rules that will ensure the environmental integrity of their emissions reductions.
Before Cancun, we recommend catching up on the science. Preventing dangerous climate change clearly requires more substantial emissions reductions. A balanced Cancun package will require Annex I parties to show how they are going to meet their moral obligations and to act in line with the science. We recommend acknowledging the gigatonne gap between current pledges and science based targets, and agreeing a route to South Africa that addresses ways to close the gap.
CAPACITY BUILDING
Everybody appears to agree that capacity building is both vital to success and key to movement in Cancun. The principles were well-established as early as COP 7, and developing countries (particularly LDCs, SIDs and Africa) have been clamouring for years for a dedicated capacity building framework with real resources and a genuine desire to succeed. And yet still nothing happens. How long will it take at this rate?
LULUCF
The logging industry must be thrilled at how forest negotiators mangled the
LULUCF accounting rules this week. The proposal forwarded to Cancun undermines the environmental integrity of Kyoto by hiding increases in emissions and awarding false credits to loggers.
Because so much time was spent on devising these accounting tricks, minimal
attention got paid to emissions from land-use change beyond forests – another potential loophole. The only proposal for managing forests that has any environmental integrity was given short shrift.
Furthermore, the damage this proposed decision can do to REDD accounting is not to be underestimated. To prevent another Marrakesh, the damaging impact of forest accounting on the targets will have to be addressed in the broader KP numbers discussion.
REDD
From time to time this week, the curtain has lifted on the Dante-esque world of the REDD+ Partnership. We have been mesmerised by the heroic, if misguided, struggle between the co-chairs and the rest of the world. However, we are also saddened that what could be a valuable institution has become a farce. We can only hope that things will get better.
ADAPTATION
A focused atmosphere prevailed in the adaptation talks, which are progressing on content and may eventually deliver a compromise agreement. ECO reminds parties that the adaptation framework must include operational elements and result in action on the ground.
To move forward, Cancun must clarify the functions of the adaptation committee, enable a tangible solution on loss and damage, finally put response measures back in its box, and search for balance between adaptation and mitigation funding, including a pre-allocation scheme.
 

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Fair Shares Finance for Adaptation

This has been what might be called a year from climate hell with floods, droughts and scorching temperatures across the globe.  But those steering the debate on climate

financing are slow to get the point. As now envisioned, climate funding will bypass the most vulnerable.   

The vast majority of the grossly inadequate existing flow of climate finance is focused on mitigation.  For example, only 7.45% of major public funds reported at
climatefundsupdate.org are for adaptation.   

And there’s not much evidence to suggest that this basic pattern will change with fast-start finance.  Adaptation and the needs of the most vulnerable are still too often the forgotten step-children.  

Going forward, ECO isn’t suggesting that there’s too much financing for mitigation – au contraire!  But it is vital that adaptation gets its fair share of attention and funding.  A new global climate fund is just the place to make this happen. 

To ensure that the most vulnerable benefit from adequate, predictable and sustainable financial contributions, we propose that a fair pre-allocation of funding for adaptation is crucial.  

Specifically, the finance text should
ensure that at least 50% of overall funding counted against UNFCCC commitments should be dedicated to adaptation, and at least 50% of money channeled through the new fund should be allocated to adaptation. 

These proportions may need to be revised over time, but this is the balanced approach we should take now.

And if we don’t, surely it will be a recipe for disaster for those who are already the hardest-hit. 

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Tianjin Climate Talks Webcast Briefing: Assessing the Kick-off to negotiations

Media Advisory

Tianjin Climate Talks Webcast Briefing
Assessing the Kick-off to negotiations

[Tianjin, China] An on-demand webcast is now available streaming this afternoon’s press briefing at the UNFCCC session in Tianjin, hosted by CAN International, assessing prospects for the Tianjin talks.

Who:

Angela Anderson – U.S. Climate Action Network
Assessing the big picture and the role of the U.S. in the talks

Ailun Yang – Greenpeace China
Discussing the role of China in the negotiations

Raman Mehta – Action Aid India
Spotlighting negotiations on finance

What: Briefing on the UNFCCC Climate Talks in Tianjin

Where: http://bit.ly/9PilrR - webcast on Demand

When: [Originally broadcast on Monday, 14:30 PM, local time, Oct. 4, 2010]

Who: NGO experts on UNFCCC negotiations

Climate Action Network (CAN) is a global network of over 450 non-governmental organizations working to limit climate change to sustainable levels. For more information go to: www.climatenetwork.org.

For more information contact:

Hunter Cutting: +1 415-420-7498

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Organization: 
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Stand and Deliver

Next Sunday, October 10, the day after the close of the Tianjin conference, the world will take action – over 5,000 actions, to be precise, in more than 165 countries around the globe.

The 10/10/10 Global Work Day organized by 350.org and many others will highlight the public appetite for action that has only grown stronger since Copenhagen.            

And herein lies one of the great ironies of our time.  Public support for action on climate change is mounting in every country, and yet at exactly the same time, the climate negotiations are increasingly coloured by calls for lowering expectations and questions about the credibility of the multilateral process.

There is a climate crisis, and there is a crisis of confidence in the international process. Both require urgent action. Following the stalemate of Copenhagen, this week’s meeting and the Cancun COP are critical.

Let’s not fool ourselves – a failure to
deliver now will land the UN process in a royal mess. Failure to deliver tangible
results in Cancun could well see a repeat of the WTO experience . . . meeting after
irrelevant meeting.

The Kyoto Protocol is the first needed and legally binding response. A second commitment period for the KP is one essential building block toward a fair, ambitious and binding (FAB) deal that needs to be finalized at COP 17 in South Africa.

We hear a lot in the KP discussions about the importance of ‘the other track’. ECO has no doubt on this point: only by showing good faith in the KP can Annex B parties secure progress in the LCA. They must stop stalling and commit at Cancun to the second commitment period of the KP.  It is crucial to the world’s effort to limit climate change.

Trust-building is essential.  And make no mistake, developed country leadership is central to that. The current pledges by Annex B parties and existing loopholes put us on a path that far overshoots the threshold for dangerous climate change. But all countries must show their commitment to the UN process by showing political will and flexible positions.

We must learn the lessons of Copenhagen and move beyond ‘nothing is agreed until everything is agreed’.  Reverting to the pre-Copenhagen grab bag of text is a recipe for recreating the Copenhagen stalemate.

To make real progress in Cancun, it is imperative to seek convergence and reduce the wide range of options in the text to workable proportions. That will allow for political decisions to be made at Cancun, where Parties must agree a clear mandate for a full fair, ambitious and binding deal to be concluded in South Africa.  It is no exaggeration: the credibility of this process and the fate of future generations are both at stake.

What are substantive examples of tangible progress?  Here is a starter kit to help go further and faster.

In the area of adaptation, the insurance mechanism can be put on track; a committee can start working with the most vulnerable countries on an insurance mechanism, and regional adaptation centers can be set up.

In the area of deforestation, the level of ambition should be quantified.

On finance, the governance of the new fund with a strong relationship with the Convention can be agreed, as well as the sources and scale of funding.

On mitigation, pledges should be formalized, and in doing so, the gigatonne gap needs to be recognized, and a process launched to deal with the gap.

On technology, a work programme can be agreed that empowers the committee to deliver specific technology action programs on solar concentrated power, building efficiency, and many others.

Finally, to fulfill the mandate contained in the Bali Action Plan, a decision on the next commitment period of the Kyoto Protocol is needed. This decision should include clarity on the legal outcome to be delivered in South Africa.

This week, ECO again suggests, Parties should make offers, not demands.  The purpose here in Tianjin is not to force fouls, but to use teamwork to create a safe climate. 

Dear negotiators, we have said this before: you are the only team we have that can save the planet.

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Next Steps for Japan

ECO congratulates Mr. Naoto Kan on his appointment as the new Prime Minister of Japan.
We wonder if Japan’s financial initiative to support developing countries, the so-called ‘Hatoyama Initiative’, will now be changed to the ‘Kan-Do Initiative’?
Last year in Copenhagen, ECO welcomed Japan’s $15 billion pledge for fast start finance. This represents half of the $30 billion commitment from the developed countries under the Copenhagen 
Accord.

And here in Bonn, Japan announced that $5 billion out of their 15 billion pledges has already been spent. This is certainly impressive! But it is often said that this is mainly relabeled money, so it would be even more impressive if the 
actually additional amount is revealed.
The new initiative, now run by Prime Minister Kan, must have increased transparency and describe the extent to which the resources are new and additional. Last but not least, we expect Japan to provide strong support to an innovative mechanism for long term finance.
Whatever the name is, ECO hopes Japan will continue a ‘can do’ policy to lead the world on fast start finance.

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EU Fast Start Finance Update

At their side event yesterday, the EU presented a preliminary report on meeting its Copenhagen fast start finance pledge.  The European Commission and seven Member States announced, in response to a question, the following definitions of how their pledge is 'new and additional': * European Commission:  Money that was part of the EU budget margin, so not originally programmed 2010-2012. * Finland:  A net increase in funding for climate change projects, part of increasing ODA appropriations. * UK:  Part of a rising ODA budget. * Germany:  Money that comes from new and innovative sources (such as EU ETS auction revenues) and money that is additional to a 2009 baseline. * France:  Ongoing climate change activities are not counted as fast start, only new activities are counted. * Sweden:  From the budget over and above 0.7% GNI provided as ODA. * Netherlands:  0.1% above 0.7% GNI provided as ODA. * Spain:  'Fresh' money. ECO wasn't satisfied with the answers, since climate finance should be new and additional to the targets developed countries have set to increase ODA to at least 0.7% GNI, so that the development gains of recent years are not reversed.  Al the same, this is a welcome first step towards the transparency civil society and delegates need to hold them to account for their promises. ECO calls on the other 20 EU Member States as well as all other developed country Parties to come clean about the baselines for additionality that they are using. Only then can the debate about defining a fair common baseline for additionality really begin. Nobody would trust pledged cuts in emissions without a standard baseline. It's time for these Parties to recognise that the same is true of finance commitments.

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