: Ready to Share Center Stage with the Public and Private
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Transcript : Ready to Share Center Stage with the Public and Private
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Keeping Hope Alive: What did Doha Deliver?
January 16, 2013 | 10:00 AM EST
Speaker: Xueman Wang
Team Leader, Partnership for Market Readiness
World Bank
Doha Gateway: A Gateway to Global Action
o Keeps the Kyoto Protocol alive
Launches a new commitment period
Reviews the commitment in 2014
o Streamlines the pathway to a global agreement
on climate change
Closes a negotiating track launched in Bali 2007
Establishes a timetable and milestone for 2015
Agreement
Continues the efforts to raise the level of ambition to
close the mitigation gap
o Consolidates the architecture for implementation
Transparency for implementation (“MRV”)
Adaptation
REDD+
New approaches to market instruments
Finance
Technology
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Kyoto Protocol: Doha Amendment
o Second Commitment Period until 2020
But the mitigation targets only cover 15% of global emissions
Canada has withdrawn from the Protocol;
Japan, Russia and New Zealand will not join the second
commitment period
o Use of the Kyoto Mechanisms (e.g.CDM, JI)
Countries that will not join the second commitment period
will not be able to use the CDM/JI
o Carry over “AAUs” – “hot air” from the first to the second
commitment period
Rules related to accounting AAUs will be further developed;
A group of developed countries have declared that they will not
purchase AAUs during the second commitment period
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Durban Platform: A New Round of Negotiation:
Defining a future climate regime
o Raises the level of ambition (before 2020)
Seeks additional action to close the mitigation gap
o A process to prepare for adoption of a global climate
agreement in 2015
Workshops to build common understanding
Producing a negotiating text by 2014
A summit convened by the UN Secretary General in 2014
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Implementation Architecture: Finance
Finance
Long term financing:
Pathway from Fast Start Financing to reaching US$100bn
by 2020
$8.5bn in new financing pledged (UK, Germany, France,
Denmark, Sweden and EU Commission)
Green Climate Fund:
Institution: Confirming Songdo, South Korea, to host GCF
Relationship between the GCF Board and the
Conference of the Parties
Private Sector Facility
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New Approaches to Market Instruments
Key issues:
- How to ensure credibility and transparency (“e.g. real emission reductions”)
- How to avoid “bureaucracy”?
- What is relationship with the UNFCCC CoP?
Loss and Damage
o Addressing loss and damage in poor and vulnerable countries as
a result of climate change
Assessing impact
Possible institutional mechanisms
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Thank You!
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