Adaptation and Climate Resilience – Help Wanted

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A recent National Academy of Sciences (NAS) half-day seminar – Climate Change Adaptation Investments and Measuring Effectiveness – considered a pressing suite of interrelated issues. As Timmons Roberts of Brown University (one of the moderators) stated, “[t]his seminar is not an academic exercise.” Developing countries urgently need climate change adaptation help and they want and…
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A Numbers “Crunch” – Trump & The UNFCCC

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Like most every other institution around the globe, for a while now, the UNFCCC has been called on to do more with less. This is clearly reflected in the Executive Secretary’s recent budget presentations that report contributions to UNFCCC trust funds have declined significantly for at least the last 5 years. In fact, 2016 contributions…
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Mobilizing the Private Sector to Finance Adaptation

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Today at COP 22 the Japanese delegation hosted a side event at their pavilion about mobilizing the private sector to finance climate change adaptation. The panelists discussed ways to involve the private sector from regional, business, and public policy perspectives. The panelist from Bangladesh, Dr. Saleemul Huq, then present specific examples of how the private sector…
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Financial instruments ignite SCF Forum on L&D risk

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Some sparks flew and some eyes got opened at the 2016 Forum of the UNFCCC Standing Committee on Finance (SCF), held in Manila last week. The Forum’s exploration of financial instruments for addressing the risks of loss and damage was at the request of the Executive Committee of the Warsaw International Mechanism (WIM) on Loss…
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SCF, Meet Loss and Damage

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The Warsaw International Mechanism (WIM) on Loss and damage (L&D) is going on a somewhat surprising date this year with the Standing Committee on Finance (SCF). The job of the SCF is to assist the UNFCCC Conference of Parties (COP) in conducting its climate finance functions. The job of the WIM is to enhance action…
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And now we wait…

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Delegates and negotiators have worked around the clock for days (weeks, months, and years for some) to put together an agreement with prospects of being adopted. If everything goes according to plan, today, their efforts will come to fruition. COP21 President, Laurent Fabius, made an impassioned appeal this morning in support of the final text,…
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COP21: The Gathering – What are we willing to trade?

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There are many analogies used to describe the climate negotiations, some of which – including fractals, webs, and dances ­– have been referenced right here on this blog. At this stage of the negotiations though, another metaphor comes to mind: that of trading card games. With the initial deadline for an agreement hours behind us,…
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The weaving of the Paris Outcome

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The unfolding Paris Outcome is a web of complexities, in both the package and the process. In the package itself, there are cross cutting issues; there are a myriad of details; and there are interlocking linkages among Articles and Decision sections that make multiple circles back to each other. It can be a dizzying endeavor…
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“Legally binding enforcement system … will reassure investors”

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U.S. Secretary of State John Kerry, who is in Paris this week for the COP21 negotiations, is making the Obama Administration’s case for the new Paris Agreement (or Paris Outcome, as it was renamed last week at China’s suggestion). “A legally binding enforcement system will reassure investors, who have to carry the low-carbon economy beyond…
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Civil Society keeps the heat on for climate ambition

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As countries seek to arrive at a mutually acceptable text for the Paris Outcome this week, there is a lot of focus on ambition to reduce emissions, and on financial support to help developing countries mitigate and adapt to climate change. In fact, these are among the key high-level political issues that must be resolved….
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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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What’s next and who makes it happen at COP21?

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At COP21 on Saturday, December 5, the ADP transmitted the draft Paris Outcome (the Agreement, as we’ve called it all year) and its accompanying Decision to the COP. The text still contains many bracketed phrases (choices to be made), and there are key outstanding issues, such as on long-term goal, the timing of review of…
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Riding the Wave of Divestment

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Divestment is essentially the opposite of investment. The climate action group gofossilfree.org describes it as “getting rid of stocks, bonds, or investment funds that are unethical or morally ambiguous.” Generally speaking, institutions divest when they stop financially supporting specific entities because of the means by which those entities generate revenue. Divestment has been used as…
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COP15 coming to a close…

As the negotiations are coming to a close, a select number of world leaders are struggling to come to an agreement. Here is a smattering of recent press: World leaders come together to continue meeting The world’s leaders have come together once again to move the climate negotiations forward, after having gathered in smaller groups…
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