With INDCs rolling in, it’s clear that many Parties intend to use international market-based mechanisms to achieve their mitigation commitments. ECO’s main message to delegates—put in place rules to avoid double-counting mitigation efforts. Without good accounting, market mechanisms could undermine mitigation targets.
ECO 5, SB42_ADP2-9, English
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Renewable energy—the darling of the mitigation community—came, saw and conquered at the Technical Expert Meeting (TEM) on Tuesday. And we are hungry for more. So, let’s roll out the red carpet for the under-appreciated ugly duckling of the emissions cutting measures—energy efficiency. It might get less attention, but let’s not forget it has turned into a swan.
The helpful elves of ECO were disappointed to report yesterday that the workshop on Long-Term Finance (LTF) failed to meet our expectations in that it didn’t actually discuss the key elements within the framework of LTF.
Here is a reminder to our friendly delegates what the aims of the LTF process are; hopefully this will get you back on track for today’s session:
2015 is an important year for our planet’s future. Countries are coming together to agree on outcomes in parallel, but interlinked, processes: the United Nations process on Climate Change (UNFCCC) and the Sustainable Development Goals (SDGs).
ECO is humbled and thankful for the courageous leadership shown by the Climate Vulnerables Forum. This represents 20 of the most vulnerable countries in the world fighting for their only means of survival—a global goal of 1.5°C.
Fossil of the Day is presented daily by the Climate Action Network to the countries that perform the worst at the UN Climate Talks. And Japan must have tried their best to get this process so very wrong!