Finance Working Group

Many developing countries lack the resources to properly address the profound challenges of climate change. For this reason, developed countries have long promised to provide support to help developing countries limit their emissions and adapt to the impacts of climate change. Yet for the most part, the assistance that has been provided to date has been inadequate to meet the challenge. The CAN Finance Group coordinates advocacy and policy work around the need to rapidly scale up support for climate action from developed countries directly, and through new, innovative sources of finance. The group’s main focus is to ensure that sufficient support is available for developing countries to reduce their emissions as required to stay below 2 degrees/1.5 degree temperature rise, and to help countries adapt to climate effects that are already inevitable. Towards this end, the group works to strengthen financial commitments within the UNFCCC and other venues, and to ensure that the Green Climate Fund is an effective and appropriately funded vehicle for delivering climate support to developing countries.

For more information please contact:
Kashmala Kakakhel, WEDO, kashmalakakakhel@gmail.com
Lucile Dufour, Réseau Action Climat France, lucile@rac-f.org 
Eddy Pérez, Climate Reality, eperez@climatereality.ca

Intervention: Opening ADP Plenary by Vositha Wijenayake, Bonn ADP2-4, 10 March 2014

Thank you Co-Chairs,

I am speaking on behalf of Climate Action Network.

The ADP has three crucial tasks this week. 

First: Ambition, ambition, ambition within finance and mitigation is key.  The focus on renewable energy and energy efficiency under Workstream 2 is a positive start. Combined together, these areas have potential to decrease 5 Gt of the emissions gap and the UNFCCC process must produce specific actions to make that happen on the ground.

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ECO’s 1-2-3 for Parties at this ADP

Has the extreme winter weather that’s gripped North America, the devastating flooding in the UK or the [insert your own top-of-mind climate-related disaster here] made a case for more ambitious action with you and your Party yet? If not, the release of Working Group II’s 5th assessment report on climate impacts at the end of this month surely will. ECO has long said 2014 must be the year of ambition, so let’s start off on the right foot and make the most of our five days together in Bonn.

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Discussion Paper: Options for Integrating Climate Change Considerations Into the Post-2015 Development Framework

April 2014;

Author: Bernadette Fischler, CAFOD. With contributions from: Rachel Garthwaite, Save the Children, Ruth Fuller and Dominic White, WWF UK, Sven Harmeling and Kit Vaughan, CARE, Sarah Wykes, Graham Gordon and Neva Frecheville, CAFOD, Lis Wallace, Progressio. (Supported by CAN and Beyond2015 but not an official position)

 

 INTRODUCTION 

Special Extra Time Edition: ECO 12, COP19, English - Nov 23

Both inside and outside the National Stadium here in Warsaw, civil society makes this appeal:

► Don't demolish the Durban Platform

► Do your best to advance Climate Finance and Loss and Damage

 

“It always seems impossible until it's done.”

– Nelson Mandela

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Progressing the Adaptation Agenda

Negotiators made progress here in Warsaw on various adaptation issues. We have a decision on the next phase of the Nairobi Work Programme. Negotiators also worked hard on expanding the National Adaptation Plan process through technical and financial support.

It’s also good that the work of the Adaptation Committee was acknowledged, and we expect that enough resources will be provided to implement the 2014 work plan. But perhaps the next Annual Adaptation Forum could be less of a self-congratulatory talk-show. 

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Can this finance ministerial create the much bigger change the world needs?

So here we are at the first ever finance ministerial.  With the ‘climate crunch’ rapidly exposing our economies to the risks of climate change and economic downturn, the stakes have been raised.  Parties have agreed on the need for action, put in place the institutions and frameworks, but there is one essential ingredient missing: finance.

Climate impacts are accelerating and multiplying as they rush through our global economic system.  We all know that the lack of finance is blocking progress – both in action on the ground and in  negotiating a stronger global climate  deal. 

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What is the proper role for private finance?

You may have noticed the developed countries’ increasing  enthusiasm for having private finance substitute for their direct support as part of meeting the the promise of mobilizing US $100 billion per year by 2020.

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Adaptation Fund due for replenishment

ECO wonders if developed countries are scheming to create suspense on the Adaptation Fund over the next couple of days, by orchestrating the announcements of their pledges to start with the lowest first: Norway’s  US $2.5 million was announced yesterday. While that doesn’t quite compare to Sweden’s  $30 million, we believe that every dollar counts. Perhaps we will now see a race to the top, with a string of pledges -- each one higher than the one before -- to reach and exceed the goal of $100 million before COP 19 is over.

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