Auctioning Off?

3 October 2009

It’s a familiar theme: developments within Annex I countries are worrying ECO. In the recent European Commission proposal, auctioning seems not to have made the grade.  This doesn’t instill confidence in European leaders whilst they make up their minds on a financial package at the end of this month.  Whilst Europe procrastinates, we see developing countries focus their efforts (quite rightly) on pushing Annex I on scale, not sources.

And so we come to a standstill.

As a decent proposal withers away, no one is nurturing it.   “So what?” some Parties might add.   Well, there is real merit in auctioning: it’s automatic, supports compliance, doesn’t have to flow through national budgets, provides money that is new and additional to ODA commitments, and can raise substantial amounts to name but a few.

So what’s the problem?  ECO says: back to the drawing board, and keep working to fill out the sketch into a complete design. .

[Article published in Climate Action Network’s Eco Newspaper, Oct. 3, 2009 from Bangkok, Thailand UNFCCC negotiationsfull PDF version here]

Support CAN

Help us build power in the climate movement by contributing a one-time or recurring donation that will go to supporting our global work as well as various activities and campaigns in communities in different regions.

Donate to CAN

Stay informed

Subscribe to receive monthly updates on the latest on the climate movement including the content from across the network, upcoming climate change events, news articles and opinion pieces on climate, straight to your inbox.

Subscribe to our newsletter