Significant climate action is needed and ongoing

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Presentation transcript:

Significant climate action is needed and ongoing What is the response? Gemma O’Reilly Consultant 8th April 2014

Africa is vulnerable & already experiencing impacts of climate change

Asia and Australia are already experiencing climate change

Changes to water stress by 2025 and changes in agricultural production by 2080 WRI (2013) source: http://ow.ly/rpfMN

Even Ireland is already seeing the future impacts

A Quick Tour of Climate Finance & the UNFCCC Finance Commitments under the UNFCCC Finance Institutions under the UNFCCC Monitoring Reporting and Verification of Climate Finance The future of climate finance; Post 2020 Post 2015

The pace of progress...

Climate change is an extra cost for DCs so developed countries have commitments for support Convention Copenhagen Accord Cancun Agreements And... Durban, Doha, Warsaw... Developed countries commit to “...provide such financial resources” “agreed full incremental costs” Faststart finance of $30bn during the 2010-2012 period Reporting and predictability commitments; Strategies and Approaches; submissions and ministerials Commit to...mobilising jointly $100bn per year by 2020 from a wide variety of sources, public and private, bilateral and multilateral including alternative sources”

Relevant financial initiatives and the UNFCCC funds Least Developed Countries’ Fund Green Climate Fund Climate Technology Centre and Network (UNEP) Other Bilateral & Multilateral

Developed countries also committed to MRV of financial support MRV = Monitoring, Reporting & Verification National Communications Biennial Reports (developed countries) Every two years, reporting in tabular format Biennial Update Reports (developing countries) Standing Committee on Finance Review definitions, MRV Biennial overview of financial flows

Sustainable Development Goals A 2015 agreement and new SDGs will impact on future climate finance Finance in the ADP Sustainable Development Goals 2015 Agreement for post 2020 world; achieving transformation, 2C degrees & climate resilience Pre 2020 Enhancing Ambition e.g. ; Purchase & Cancellation of CDM units (CERs), Sustainable Energy for all, Renewable energy Focus Area 15; Climate Means of Implementation Links to other focal areas; Sustainable agriculture Water & Sanitation Energy Infrastructure Sustainable Consumption & Production Sustainable Cities