Topic: COP-18 Doha

STATEMENT: Climate Talks Wrap Up with a Deal in Doha

The climate talks (COP18) wrapped up today in Doha, Qatar, with package of decisions, including an agreement to move forward an international climate agreement by 2015.

In the context of the U.S. goal to achieve “in the range of a 17 percent emission reduction by 2020 compared with 2005 levels,” this report examines key existing and emerging federal policies that are likely to reduce GHG emissions in the United States. U.S. government GHG projections suggest that additional policy action is likely to be necessary in order to achieve the president’s GHG reduction target and continue significant emissions reductions after 2020.

The Japanese Fast-Start Finance Contribution

Japan’s fast-start finance (FSF) commitment is one of the largest amongst developed countries, but it is important to consider the contents of this commitment. Japan has played a significant role in global efforts to finance climate change activities in developing countries, and its FSF commitments account for almost half of the FSF that developed countries have pledged for 2010-2012. However, it is essential to better understand the broad range of instruments and activities that the government includes in its FSF, as different governments consider different types of finance to constitute FSF, so self-reported figures are not directly comparable between countries.

FOR IMMEDIATE RELEASE

The latest Emissions Gap Report, by the UN Environment Programme (UNEP) and the European Climate Foundation, is being released today. The report finds that emissions are now around 14 percent above where they need to be. The gap is on course to be 8 gigatonnes of CO2 equivalent by 2020, which is 2 Gt higher than last year’s assessment.

STATEMENT: World Bank "Raises Alarm" of a 4 Degree Hotter World

The World Bank Group just released a groundbreaking new report on climate change, called Turn Down the Heat, which offers a vivid assessment of what 4 degrees Celsius of global temperature rise would mean for the world.

ADVISORY: Press Teleconference on Doha Climate Talks

Full audio recording of WRI’s press call below:

With the U.S. elections just completed and the Doha climate talks fast approaching, this is an important moment to consider where progress can be made on international action to address climate change.

Following is a statement by Andrew Steer, President, World Resources Institute:

“With his re-election, President Obama has the opportunity to fulfil

Stabilizing the global climate in the 21st century will require major financial investments to transition the world’s economy on to a low-carbon path. WRI is addressing how these massive investments toward a low-carbon and resilient economy – which we refer to as climate finance –can be realized.

Building the capacity of developing countries to monitor climate finance received will ultimately require the modification, development, and adoption of tools, methods, and processes. This paper explores the challenges faced by Indonesia, the Philippines, and Vietnam in monitoring finance for climate change. It also attempts to understand capacity gaps and develop insights about what can be done to improve climate finance monitoring.

Case Study: Applying Information for Adapting the Agriculture Sector in Bundelkhand, India

This case study documents the issues related to accessing, processing, and applying climate information in order to help farming communities take robust, low-risk agricultural adaptation measures. The study focuses on central India’s Bundelkhand region, which straddles the provinces of Uttar Pradesh and Madhya Pradesh.

The Nepalese government lacks crucial information and evidence necessary for climate change adaptation decision making. Despite this challenge, there has been significant movement around climate change adaptation in the country, most notably the successful development of the National Adaptation Programme of Action (NAPA) in September 2010 by the Ministry of Environment. This case study examines how Nepal’s NAPA process identified urgent and immediate priorities in a situation of significant data gaps and uncertainty.

Case Study: Communicating Modeled Information for Adaptation Decision Making

By examining the HighNoon project in north India, this case study explores how adaptation-relevant information can best be packaged and disseminated to different users and audiences at the state, district, and block levels. It also explores what kinds of information are of most interest to various stakeholders and how different types of information can contribute to adaptation decision making.

Targeting public finance to leverage private sector capital can help meet the several hundred billion dollars of annual low-carbon investment required in developing countries. This working paper serves as a primer, demonstrating how the public sector can employ different types of public financing instruments — whether loans, equity, or de-risking instruments — alongside policy and technical support to scale-up private sector investment in low-carbon markets.

The U.S. Fast-Start Finance Contribution

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 considerations into ongoing portfolios. The global economic recession and the resulting pressure to cut spending, however, combined with an active subset of policy-makers who oppose U.S. action on climate change, have impeded further increases to climate finance.

The UK Fast-Start Finance Contribution

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 committed climate finance beyond the FSF period through the International Climate Fund (ICF), which will spend GBP 2.9 billion between April 2011 and March 2015.