Everyone knows that real climate negotiations cannot take place in public. ECO is therefore pleased to have spent Tuesday occupying the cafeteria seats instead of delaying the rapid progress being made in the spinoff groups.
ECO 3, ADP2-11, English
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Earlier this month contributors showed us what a US$100 billion commitment looks like. The OECD/CPI report revealed that the commitment consists mostly of loans and private finance. In 2013, the contributions consisted of more than $20b in loans, almost $20b in private finance, equity and guarantees, and a mere $13b in grants.
ECO believes it is high time to deal with the problem that, when it comes to finance, Parties speak about two separate issues: one is the shifting, attracting and mobilising of financial flows, public or private; the other is the provision of financial support by rich countries to poor countries.
There’s one particularly valuable piece of mitigation text that got lost in the co-chairs’ pressure cleaning of the text. Namely, the text that called for full decarbonisation by 2050.
ECO urges Parties to bring it back into the first paragraph of Article 3.
Seasoned negotiators among you will recall that there was a time when Canada was not a shoe-in for the Fossil of the Year awards. While never perfect, Canada once had a reputation for punching above its weight when it came to the climate talks—a reputation that began to fracture in Nairobi, was crumbling by Bali, and a distant memory by the time Copenhagen rolled around.