einstitute.worldbank.org Signals from Durban: Next steps for Climate Change January 17, 2012: | 10:00 AM EST Speaker: Neeraj Prasad Manager, Climate Change Practice, World Bank Institute KP Roadmap What else ? Green Fund

So who “won”? And who “lost”?

Roadmap to a Global Deal o Durban Program for Enhanced Action: complete negotiations by 2015, in force from 2020 o To have "legal force” o New Working Group created.

Kyoto Protocol: a fresh mandate o EU plus 11countries o To run from Jan to at least end-2017 o CDM to Continue o A new mechanism to be considered. o One chemical added (NF3)

Carbon Markets: Boost from Durban? o CDM Board to further improve procedures for PoA, extend scope of activities under standardized baselines, simplify procedures o New market mechanism to be defined. Decision to be made at COP18 o CCS allowed in o But prices are taking a beating!

Adaptation o Adaptation Committee (16 members, personal capacity) o To meet twice a year. Develop 3-year plan of work Outputs: - e.g. Recommendations for coherence among different funds - Knowledge synthesis; roster of experts - Assessment of capacities of regional centers

Green Climate Fund (GCF) o GCF to have juridical personality o Board of 24 members, half of them from developing countries, to be selected in next 3 months. First meeting by June. Interim secretariat to be managed by UNFCCC and GEF, in Bonn o Bids for permanent secretariat by April South Africa, Singapore, Geneva, Germany, Mexico, etc. are offering to host. The World Bank will currently continue as interim trustee. After 3 years, a competitive process World Bank etc. as implementing agencies \, + provision for direct access Private Sector Facility

Technology Mechanism o To Be fully operational in 2012 ….to be defined further o Technology Executive Committee o Climate Technology Center and Network o Call for Proposals to host the Center

Agriculture o Highly contentious debate over whether agriculture is just adaptation or also mitigation o Decision: SBSTA to take up issue in June based on submissions. Decision at COP18 in Qatar

REDD+ o Financing: Public and private participation on table, but emerging Market-based approaches to be developed SBSTA/LCA to develop results-based rules o Safeguards: based on national systems, to be improved over time o Reference levels: step-wise improvements. Countries to submit proposed baselines

NAMAs and ICA o Parties urged to submit NAMAs o Developing countries encouraged to submit Low Emissions Development Strategies, and share experiences o Registry established to facilitate matching of plans and finance o ICA: Step 1: analysis by technical experts Step 2: technical report to be reviewed in SBI

Open Data

So What are the implications for us? 1.No regulatory environment until 2020, so in this decade, need for action from the ground up. Countries need to lead by example is a crucial year for engaging in Green Fund design, showing that professionalism matters offers major opportunities for influencing the negotiations’ outcome in energy, agriculture, adaptation, and technology transition period needs careful management.

Thank You! World Bank Institute The World Bank 1818 H Street, NW Washington, DC Tel: (202) Neeraj Prasad Manager Climate Change Practice