Civil Society keeps the heat on for climate ambition

CSO FairSharesRPT Fig9

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

Dollars

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

glue

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?

COP21 Comite de Paris

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

divestmentprotest

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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Powerful Statements from the Plenary

I am not one of the three in our group in the plenary today, but I have been watching the live streaming for the past 4 hours.  Various heads of states are now giving their 5-10 minutes statements.  I just listened to the Prime Minister of Mali, Modibo Sidibe and the President of Venezuela, Hugo Chavez. …
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Negotiations Breakdown?

The morning started out with a flurry of activity. After some discussion about the logo and how certain parties felt it represented the end of Kyoto, the COP plenary commenced with the Tuvalu delegation proposing a contact group to review its protocol, which was proposed and tabled six months ago. As proposed, the Tuvalu protocol is a legally binding agreement meant to complement Kyoto through amendments, as well as the creation of a new protocol entitled the Copenhagen Protocol. In no uncertain terms, Tuvalu stated it was here to “seal the deal” and wanted nothing less than a legally binding document.


Most Vulnerable Nations Call for Financing Reforms

After a somewhat sleepy day yesterday, the discussions at COP15 are picking up in passion and intensity.  In this morning’s Plenary I (a meeting of the Subsidiary Body for Implementation or SBI), one of the main topics was the status of the Global Environment Facility, i.e., one of the most important mechanisms for financing climate-related projects…
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