CLIMATE FINANCE NO COMMITMENT BY DEVELOPED NATIONS

‘Developed Nations Not Committed To $100 Billion Climate Finance’
Reuters, 6 September 2018


BANGKOK (Reuters) – Developed countries are not taking their commitment to generate $100 billion in climate finance seriously, experts meeting in the Thai capital said on Wednesday, possibly jeopardising the 2015 Paris accord. “If they don’t commit to real finance, it’s all going to fall apart.”

The Bangkok talks precede a meeting in Katowice, Poland, in December, where government ministers will meet to agree on rules for the 2015 Paris accord.
Senior U.N. officials said it is hoped a draft text for negotiation on the rule book will emerge by the end of the week.

Items on the agenda include a promise to raise $100 billion a year in climate finance, from both public and private sources, by 2020 to help developing countries tackle global warming.

Discussion on the funding is being “blocked across the board” at the meeting by a group of rich nations led by the United States, said Harjeet Singh, a global climate lead at non-profit ActionAid.

“If they don’t commit to real finance, it’s all going to fall apart. Developing countries will not be able to implement their targets, which they have put forward in anticipation of the money,” Singh told Reuters.

“There is a big fear that the $100 billion target will not be met.”

Full story

 
New Paris Climate Agreement Proposal Would ‘Let Rich Countries Off The Hook,’ Activists Say
Devex News, 6 September 2018


BANGKOK — Proposed text from the United States, Japan, and Australia could water down climate finance guidelines, and casts doubt that this week’s Bangkok negotiations will deliver the clear climate rules United Nations leaders have been calling for.

Environment and energy delegates from around the world are gathered in the Thai capital to hash out the Paris “rulebook” — the framework of operating procedures for how countries should fulfil their obligations under the landmark Paris Agreement on climate change.

There is a sense of urgency at the U.N. conference center, with improved guidelines expected in just three months, when Poland hosts the 24th Conference of the PartiesUnited Nations Framework Convention on Climate Change Executive Secretary Patricia Espinosa has repeatedly warned of the chaos delegations will face in the Polish city of Katowice if the Bangkok negotiations stall.

But recently published text from several developed countries serves to muddy the rules rather than clarify them, according to climate campaigners. The proposed text outlines the U.S., Japan, and Australia’s stance on article 9.7 of the Paris accord, which refers to accounting and is meant to establish rules about how developed countries report what finance they provide to developing countries.

The proposal, submitted to UNFCCC on Sept. 4, presents a flexible approach in favor of dropping climate finance rules and “does not create any meaningful rules on how climate finance is accounted for, and instead it essentially says ‘countries should report what they want,’” Brandon Wu, director of policy and campaigns for ActionAid USA, told Devex.
 

via climate science

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September 13, 2018 at 01:30AM

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