Eco Digital Blog
ECO still cannot believe what happened in Switzerland earlier this week! While we all listened carefully to President Alain Berset’s opening speech on Monday, reminding everyone (in particular his MPs it seems) that“we can only succeed […] if all states – really all – reduce their emissions”,his Parliament back home almost simultaneously decided to abolish the domestic emission reduction target for the period 2020-2030!
How would you like your accounting, readers? Consistent, well done, and accurate? (In that case I’d recommend our MDB special.)
Or maybe you’d like a loan soufflé? Or perhaps lots of different methods all mixed together – with sprinkles of figures plucked from the air (for the climate component of aid programmes)?
Seriously though, accounting rules are important, as this is what will incentivise good quality climate finance.
As the weather gets colder and Parties work to make a complete rulebook, the spirit of the Paris Agreement — the eight rights based principles included in the Paris preamble are looking forward to being part of that happy family.
ECO was blown away by the SBSTA-IPCC presentation yesterday. The IPCC started off with a presentation that not only woke up weary delegates in the plenary but also woke them up (if they had somehow missed it previously) to the urgency of the need to act. The IPCC stressed that if Parties want to stay below 1.5°C and cut CO2 emissions in half by 2030, immediate action on every level is needed. They cannot start in 2029. Each year matters, just as each tenth of a degree does as well.
Koronivia is a long way from Katowice, but progress on the Koronivia Joint Work on Agriculture (KJWA) at COP24 is well within reach.
Every farmer knows that success depends on maximizing the time avail-able within the growing season. This means knowing the landscape with-in which you are working, assembling the resources you need to do your work, and planting and harvesting according to a clearly structured plan.
The same applies to the KJWA.
Brazil, the birthplace of UNFCCC and a so far trusted broker of the Paris Agreement negotiations, is about to become one of the world’s climate rogues. All thanks to president-elect Jair Bolsonaro and his set of very peculiar ideas about climate change and the Amazon rainforest.
If Fred told you that he was paying $500 towards helping Ginger with re-pairs to her home, you may tend to think that Fred was a really generous guy. But, if you found out that Fred had run his truck into Ginger’s house, you might be slightly less convinced of Fred’s generosity. If you then found out that Fred was drunk at the time this event occurred, and that it wasn’t even the first time that Fred had drunkenly driven into Ginger’s house, in fact he was a serial offender, you might be even more disin-clined to see it from Fred’s perspective.
ECO has a full meal waiting for you just here: we have some good news, some bad news, and to finish, a paradox.
The good news is that our host, Poland, has finally ratified the Doha Amendment to the Kyoto Protocol. Together with the Cook Islands, Guinea-Bissau, St. Lucia, Togo, Tonga, and Uruguay, the other recent ratifiers, this brings the total number of ratifications up to 122.
The bad news, however, is that this is not yet enough: in order for the second commitment period of the Kyoto Protocol (KP2) to enter into force 22 more countries are needed.