In closely listening to Parties’ discussion of adaptation communication under the APA, ECO thinks that adaptation communications are a key contributor to understanding and assessing progress—or lack thereof—towards the global goal on adaptation.
Eco Digital Blog
This is an unjust world, but the climate transition cannot not be. If we’re to have a real chance at the Paris temperature targets, we must avoid narrow nationalism and commit to equity. Yet, even after the Paris breakthrough, equity is treated as an irritant or a danger by even by some of our high level champions. several of whom are prone to railing against “burden sharing” and even “carbon budgets.”
When it comes to how much our planet is warming, what counts is the cumulative emissions that we’ve pumped into the atmosphere. This is a matter of physics, not politics. In its 5th Assessment Report, the IPCC provided global carbon budgets—or the amount of carbon we could emit—and still hold global warming to certain temperatures. To have a 66% chance for staying below 1.5°C, we have now only some 200 gigatonnes of emissions left. If we accept a 50% chance, we have 350 gigatonnes.
Australia! We’ve had our differences, but today you made ECO smile. Yesterday, we woke to the happy news that you ratified the Paris Agreement. And let’s face it, we all needed a bit of boost! For those who might be surprised, ECO notes that the move was welcomed by leading Australian businesses, investors, unions, and welfare and environment groups—all keen to see a proper integration of climate, energy and economic policy.
Today’s Fossil of the Day goes to… the European Union for peddling biofuels! The EU has considerable economic and technological clout at its disposal to accelerate the just transition to 100% clean, renewable energy. Unfortunately, the EU is instead promoting biofuels in their SBSTA submission on agriculture.
Donald Trump’s election as the next U.S. president was a [unexpected][climatic][
Before negotiators convened, Panama sent a signal to the carbon market world on how essential robust stakeholder consultation is. Following years of protest and controversy, Panama withdrew its approval from the Barro Blanco Clean Development Mechanism hydroelectric power project, effectively preventing it from issuing offset credits.
ECO felt the sweet tinge of elation, like when you meet a good old friend, when several Parties made a strong case for common 5-year commitment periods in yesterday’s APA informal. It was probably no coincidence that it was some of the most climate vulnerable countries (AOSIS, CARICOM and the Africa Group) that led the charge.
It’s impossible not to notice that developed countries are very pleased with themselves for publishing their “Roadmap to the US$100 billion” this past October. This is even more apparent from yesterday’s joint statement on the roadmap.
ECO too is pleased to have the roadmap, don’t get us wrong. It enhances transparency on how developed countries plan to reach the collective target of US$100 billion per year by 2020. But ECO also expects further progress on patchy areas where more clarity is needed: mobilised private finance is one example that comes to mind.
Do delegates remember when the Adaptation Fund was created in Marrakech back in 2001? Do you know much about the Fund at all? ECO thinks perhaps not, at least if judged from what various Parties said at the informal APA meeting. They claimed they did not know enough about the Fund and thus would need much more time before taking a decision on whether the Fund should continue its work under the Paris Agreement.