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. Congress and key agencies have increased funding for climate change objectives relative to the pre-FSF period, and have begun to integrate climate...
The UK has made a substantial effort to mobilise climate finance. Finance has been channelled through the Environmental Transformation Fund in 2010/11 and through the International Climate Fund (ICF) in 2011/12. GBP 1.06 billion had been spent and committed as of November 2011. It has also...
Under the United Nations Framework Convention on Climate Change (UNFCCC), developed countries have pledged to provide “fast-start” finance approaching USD 30 billion for the period 2010-2012. Now, in the final year of the fast-start period, these countries are under pressure to demonstrate that they are meeting this pledge. But divergent viewpoints on what constitutes fast-start finance – coupled with unharmonized approaches to delivering and reporting on it – complicate such an assessment.
Starting in May 2012, the Open Climate Network (OCN) will release a series of reports that aims to shed light on these discussions by clarifying how developed countries are defining, delivering, and reporting their fast-start finance.
In recent years, several developing countries, with support from donor agencies, have begun to seriously consider Low Emissions Development Strategies (LEDS), country-driven plans that enable the transition to a low-carbon economy as an effective mechanism for combating climate change. Last week, the LEDS Global Partnership – launched in early 2011 and comprised of 30 governmental and international institutions – held a workshop on the topic in Chesham, U.K. WRI is a member of the steering committee of the LEDS Global Partnership and attended the meeting. Others in attendance included government representatives, donors, and representatives from research institutions.
The workshop focused on three key themes: (1) strategy development for LEDS, including governance of the LEDS process and integration of LEDS into other national plans; (2) analytics and tools for LEDS; and (3) financing LEDS implementation. Highlights included discussions on: LEDS scenario development in Chile and South Africa, leadership and cross-ministerial cooperation for LEDS in Kenya, and a new World Bank initiative to develop an open source tool database that can equip LEDS planners.
This post originally appeared in The Environmental Forum: The Policy Journal of the Environmental Law Institute.
The negotiations in South Africa were challenging and the politics complex. Countries were uncertain whether the international community would succeed in laying the groundwork for a legally binding agreement. Until the final weekend the prognosis was bleak, with several predicting the talks would collapse. Hence the Durban Platform for Enhanced Action was by no means an insignificant achievement. It was a product of politically sensitive negotiations that saw, for the first time, the emerging economies taking on an active role in shaping a climate agreement.
In the recent UN climate negotiations (COP 17) in Durban, South Africa, the issue of transparency of climate finance appeared in a variety of contexts in the final agreement on long-term cooperative action. From the sections on reporting and review for developed and developing countries, to the Standing Committee, to the registry, and to fast-start finance, making sense of this multitude of provisions on climate finance transparency is a challenge.
However, what's clear is that the moderate progress made in Durban fell short of what is needed to achieve a transparent and effective climate finance regime. This post aims to summarize where we stand on this issue following the Durban COP.
Written with analysis from Athena Ballesteros, Louise Brown, Florence Daviet, Crystal Davis, Aarjan Dixit, Kelly Levin, Heather McGray, Remi Moncel, Clifford Polycarp, Kirsten Stasio, Fred Stolle, and Lutz Weischer
Jennifer Morgan, Edward Cameron, and our team of climate experts look back on the key decisions from Durban and give a first take on their implications for global efforts to tackle climate change.
As weary negotiators return home from the marathon United Nations Framework Convention on Climate Change (UNFCCC) talks in Durban, South Africa, opinion is divided on the deal that was struck.
Some believe the package – consisting of a new “Durban Platform” to negotiate the long-term future of the regime, a second commitment period for the Kyoto Protocol, and an array of decisions designed to implement the Cancun agreements – represents a significant step forward and cause for hope. Others are more cautious, viewing these outputs as insufficient in ambition, content, and timing to tackle the far-reaching threat of climate change.
Three years ago, I attended a performance of Athol Fugard’s powerful play “My Children! My Africa!” Set in South Africa at the end of apartheid, the play deals with a conflict over the most effective means to address a great injustice. Throughout the play, there are signs of progress but it’s slow and it’s hard-won. The protagonists struggle to reconcile the growing demand for urgent change with the need to show patience with a fragile process. Sound familiar?
This post is based on a release that originally appeared on the CEMDA website.
According to a new study by the Mexican Finance Group – 16 NGOs, including CEMDA, that work on environmental, budget, gender equity, and human rights issues – the funding currently allocated in Mexico’s budget for climate change mitigation and adaptation is insufficient for meeting the goals the country has established for 2012. The group, created in 2010, agrees that international finance is necessary to complement domestic investment in order to achieve Mexico’s emissions targets, but they affirm that first and foremost it is necessary improve the national budget allocation to begin the transition towards a low carbon development path.
This piece was written with Louise Brown, Research Analyst at WRI.
From November 28 to December 9, negotiators will gather in Durban, South Africa, for the United Nations Framework Convention on Climate Change (UNFCCC) COP17 meeting. An outcome on climate finance – funds to support climate change mitigation and adaptation activities in developing countries – is a key part of the overall Durban agreement. This includes agreeing on how the Green Climate Fund (GCF) will be structured and governed, setting in motion a process to identify how developed countries will meet their long-term finance commitment of $100 billion by 2020, and agreeing on the role, composition and functions of the Standing Committee, a body that will monitor finance flows and enhance overall decision-making on climate finance.