La primera reunión del Fondo de Clima Verde (GCF) se acerca rápidamente y dos de los grupos regionales—Asia-Pacífico y América Latina y el Caribe—todavía no han nominado a sus representantes para la Junta. El GCF fue desarrollado durante los dos últimos años, y ahora se espera que ofrezca financiamiento a gran escala para ayudar a afrontar los efectos del cambio climático en países en vía de desarrollo. Sin terminar las nominaciones, la Junta no puede lanzar “el principal fondo global de finanzas para afrontar cambio climático.”
Dans le cadre de la première réunion du Conseil du Fonds Vert pour le Climat (GCF) à venir, deux groupes régionaux – Asie/Pacifique et Amérique Latine/Caraïbes – devraient encore désigner leurs membres auprès du Conseil de Direction du GCF. Négocié au cours des deux dernières années, le GCF aura pour but de fournir aux pays en développement des financements substantiels en vue de lutter contre le changement climatique. La désignation de ces membres du Conseil de Direction est une condition essentielle au lancement opérationnel de ce Fonds « instrument central du financement sur les changements climatiques ».
This week’s Business 20, or “B20,” summit in Los Cabos, Mexico signals the launch of the Green Growth Action Alliance (G2A2), a partnership between the public and private sectors designed to dramatically scale-up private investment in “green” sectors like renewable energy, clean transportation, and sustainable agriculture.
The G2A2 includes representatives ranging from financial institutions like HSBC, to corporations like Walmart, to key public sector actors like the World Bank Group. WRI joins the effort alongside other environmentally focused organizations as an “analytical supporter,” providing research input and guidance to the G2A2’s upcoming activities.
On 22-23 March 2012, the World Resources Institute (WRI) and Climate Analytics held an informal meeting of negotiators involved in the design of the Green Climate Fund (GCF) in New York City.
With the first meeting of the Green Climate Fund (GCF) fast approaching, two regional groups – Asia-Pacific and Latin America and the Caribbean – have yet to nominate their Board members. Negotiated over the last two years, the GCF is expected to deliver large-scale finance to developing countries to address climate change. Without completing the nominations, though, the Board cannot begin the important task of making the “main global fund for climate change finance” operational.
Earlier this year, WRI and Climate Analytics facilitated a meeting in New York City of representatives from prospective Board member countries and others involved in the Fund’s design (see summary note). Participants exchanged ideas and perspectives on the Board’s program of work for 2012 and priorities for its first meeting. In addition to the basic administrative arrangements – like selecting a host country and establishing a secretariat – the Board needs to do the following in 2012:
I recently presented at the 7th Product Carbon Footprint (PCF) World Forum Summit, a gathering of experts brought together by Berlin-based think tank Thema1 “to foster and facilitate international discussion on how to assess, reduce, and communicate the impact of goods and services on the climate.” This group historically has focused on the life cycle of greenhouse gas (GHG) emissions and product-level emission inventories. But this year’s theme included an additional focus: whether and how renewable energy purchases should be reflected in corporate GHG emissions calculations.
Renewable energy sources like wind and solar have no GHG emissions associated with generation and thus play a vital role in reducing overall emissions from electricity use. Many companies seek to purchase this energy and use the zero-emissions rate in calculating their indirect emissions from electricity consumption (also known as scope 2 emissions). However, several uncertainties surround how this practice should be used in GHG accounting—or whether it should be permitted at all.
How much fast-start climate finance is actually flowing, and where is it being spent?[^1] This question has come up repeatedly alongside the United Nations Framework Convention on Climate Change (UNFCCC) climate talks in Bonn this week.
Today the World Resources Institute (WRI) and Overseas Development Institute (ODI) published two working papers examining the fast-start contributions of the UK and US (GBP 1.06 billion and USD 5.1 billion, respectively). These papers seek to shed light on how developed countries are defining, delivering, and reporting fast-start finance. A similar paper on Japan’s contribution is under development, led by the Tokyo-based International Group for Environmental Strategies (IGES). The studies are carried out in collaboration with the Open Climate Network (OCN).
The UK has made a substantial effort to mobilize climate finance. GBP 1.06 billion had been spent and committed as of November 2011.
The U.S. FSF contribution of $5.1B reflects a positive effort made in challenging political and economic circumstances, but there is more to be done.