Climate finance: global perspective

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Presentation transcript:

Climate finance: global perspective UNFCCC secretariat Marcelo Jordan

Evolution Paris 2015 ADP Durban, 2011: 2015 is THE year GCF AF GEF UNFCCC 1992 Kyoto Protocol 1997→2005 Montreal, 2005 Dialogue Bali, 2007: AWG-KP AWG-LCA Cancun Agreements 2010 Durban, 2011: ADP Paris 2015 2015 is THE year GCF AF GEF

Emerging understandings on the 2015 Agreement Presentation title Background ADP (2012-2015) Decision 1/CP.17 To deliver a protocol, another legal instrument or an agreed outcome with legal force under the Convention applicable to all. To be adopted in 2015 (Paris, COP 21); to come into effect from 2020 The work of this body covers two workstreams: Workstream 1 focuses on delivering an agreement in 2015 Workstream 2 on enhancing mitigation ambition/action between now and 2020 ADP 1, May 2012: agenda and bureau arrangements ADP 1.2, Doha: work plan, incl consideration of elements of the agreement in 2014 ADP 2.3, Warsaw: End conceptual discussion and initiate elaboration of elements of the agreement Initiate or intensify preparations for INDCs Intensification of WS2: TEMs ADP 2.4, March 2014: Landscape of issues ADP 2.5, June 2014: Non-paper ADP 2.7, Lima: Lima Call for Climate Action March 2015: Official Negotiating Text Upcoming sessions: June, August, October Emerging understandings on the 2015 Agreement COP21 to adopt a “Paris Agreement” – a ratifiable legal instrument under the Convention Outcome to be durable and built to last Operational goal of the Agreement: to limit warming to below 2oC Agreement to be comprehensive in scope, addressing all of the elements of the Durban mandate Agreement to be universal.

Technical Examination Process and Technical Expert Meetings Relevant climate finance related activities in 2015 under the UNFCCC Long term finance Strategies and approaches for scaling up climate finance from 2014 to 2020; In-session workshops – 2015 to focus on adaptation finance, enabling environments and readiness, and needs for support to developing countries. Technical Examination Process and Technical Expert Meetings Discuss ways and options to enhance collaboration and synergies in implementing mitigation policies on the ground; Identify ways to transform technical mitigation opportunities into feasible policy options and practical reality by 2020 through increased international cooperation and coordination; 2015 TEMs to focus on renewable energy and energy efficiency in urban environments.

Technical Examination Process and Technical Expert Meetings Relevance of national development banks in this context Long term finance NDBs have the potential for catalytic role in fostering enabling environments and readiness for climate finance in developing countries; NDBs may provide useful insights into the needs for support in developing countries; NDBs have the potential for leveraging significant amounts of climate finance from a range of sources and through a variety of financial structures and instruments; Technical Examination Process and Technical Expert Meetings NDBs can bring concrete replicable and scalable experiences on renewable energy and energy efficiency in urban environments; NDBs can speed up the readiness and capacity of developing countries to undertake these type of projects. Additional comments Prompt and expanded engagement with climate funds or climate financial mechanisms; Active and expanded engagement in the context of the UNFCCC process and its climate finance activities

Contact: Marcelo Jordan mjordan@unfccc.int Thank you Contact: Marcelo Jordan mjordan@unfccc.int