The GCF – Can We Count On It?

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In 2009, as we reported earlier, developed country Parties to the UNFCCC committed to jointly mobilize $100 billion/year by 2020 to help developing countries address their climate change needs. The Green Climate Fund (GCF) – the designated heavy lifter for this goal – was created by COP16 in 2010. Its purpose is to fund developing…
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Adaptation Economics Reveal Insufficient Adaptation Activities

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When national and local economies are faced with calculating potential climate-impacted losses, decision-makers face difficult financial-planning decisions. Nature Climate Change published a study comparing adaptation responses between global megacities based on spending measures. The study found that cities varied their adaptation spendings between £15 million and £1600 million. Developed cities allocate most of their adaptation funds to energy and water, developing countries…
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It’s All About the Benjamins: Ratcheting Up Financial Support for Developing Countries

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In 2009 Parties to COP15 in Copenhagen agreed to a global goal of mobilizing $100B (that’s right, billion) per year for climate finance by 2020. A recent OECD report indicated that we are well on our way to achieving that goal (with $62B committed in 2014). Unfortunately though, $100B may not even be enough to…
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Finances are the Glue that will make the Paris Agreement Stick

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Starting the second week of negotiations, the Climate Action Network’s held a press conference to discuss their view of the current “state of play” in the climate talks. Two themes clearly emerged; the need for a robust and certain climate Agreement to come out of Paris with clear targets and deadlines to send the correct…
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Sparks Fly as G77 and China Clash With Developed Countries Over Climate Finance

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Thursday’s ADP Contact Group stocktaking meeting took an unexpected turn when Ambassador Nozipho Mxakato-Diseko of South Africa took the floor with sharp words for developed countries that she accused of obstructing today’s Spin Off Group on Adaptation. Importantly, Ms. Mxakato-Diseko spoke in her capacity as Chair of the G77 negotiating group, which represents 137 developing…
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Will some be left behind? The significance of climate finance

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 For countries on the front lines of climate change, access, availability, and urgency of funding needs are significant. As an example, rising sea levels in Senegal and Gambia have already impacted agricultural production. Saltwater intrusion into agriculturally productive lands has reduced food production. Further, warming temperatures and resulting increased length of seasons have heightened health…
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Individually Survivors, Together a Force – World’s Vulnerable Take Action at COP21

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Today, at the Third High-Level Meeting of the Climate Vulnerable Forum (CVF), government leaders representing over 40 countries that are the most vulnerable to impacts from climate change adopted a historic joint declaration, the Manila-Paris Declaration. The Declaration, and its associated three-year Road Map, calls for a more ambitious long-term temperature goal of 1.5˚C, zero…
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Behind Closed Doors: Adaptation Fund Negotiations

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The last session of the informal consultations on the second review of the Adaptation Fund was scheduled for today, but the parties took longer than planned in their previous negotiations, so the final meeting was pushed back until tomorrow. Today’s meeting instead became a continuation of earlier negotiations, and as it was announced at the…
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Popular measures for conservation: Payments in Ecosystem Services

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In recent years, payment in ecosystem services (PES) and other market measures for conservation has gained popularity as market measure of pollution prevention and conservation particularly for use in the developing world.  In the industrialized world, financial mechanisms such as carbon tax and emissions cap and trade are used as methods of pollution control to…
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Mind the [Ambition] Gap

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  When stepping onto the Underground in London, a voice rings out, “Mind the gap.” Perhaps this should also be echoing through the halls of the COP20 venue in Lima, Peru, this week. The pre-2020 ambition gap is often stated in terms of what must be done differently from business as usual to keep GHGs…
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The Growing Trend of South-South Cooperation on Climate Change

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On Monday China’s Chief Climate Negotiator, Mr. Su Wei, offered some interesting views at a COP20 side event on a significant and growing trend in the efforts to tackle climate change – South-South cooperation.  The event, “Perspectives on the 2015 Paris Deal: Options on the road from Lima 2014 to Paris 2015,” was organized by…
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Fossil-ing Away the Progression of the Day

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Today in Lima, Japan won Climate Action Network’s (CAN) Fossil of the Day Award. CAN gives this award to countries based on their performances during the past day’s negotiations at the United Nations (UN) climate change conferences. Japan won the Fossil of the Day Award for “getting busted for funding coal and gas power stations in developing…
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Extra, extra! Read our COP19 wrap-up in the Huffington Post!

VLS COP19/CMP9 Observer Delegation Week 2

Congrats to our Week 2 Observer Delegation on its recent publication in the Huffington Post courtesy of climate and energy reporter Ben Jervey.  In it, we recap COP19/CMP9’s last week of activity, analyzing what this “nuts and bolts” COP did and didn’t achieve. Specifically, we take a close look at adaptation, loss and damage, subnational initiatives, new REDD+ rules, and technology,…
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