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KP. Green Fund. Roadmap. What else ?. Signals from Durban: Next steps for Climate Change. January 17, 2012: | 10:00 AM EST Speaker: Neeraj Prasad Manager, Climate Change Practice, World Bank Institute. So who “won”?. And who “lost”?. Roadmap to a Global Deal.

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Signals from durban next steps for climate change

KP

Green

Fund

Roadmap

What else?

Signals from Durban: Next steps for Climate Change

January 17, 2012: | 10:00 AM EST

Speaker: Neeraj Prasad

Manager, Climate Change Practice,

World Bank Institute


So who “won”?

And who “lost”?


Roadmap to a global deal
Roadmap to a Global Deal

  • Durban Program for Enhanced Action: complete negotiations by 2015, in force from 2020

  • To have "legal force”

  • New Working Group created.


Kyoto protocol a fresh mandate
Kyoto Protocol: a fresh mandate

  • EU plus 11countries

  • To run from Jan 1 2013 to at least end-2017

  • CDM to Continue

  • A new mechanism to be considered.

  • One chemical added (NF3)


Carbon markets boost from durban
Carbon Markets: Boost from Durban?

  • CDM Board to further improve procedures for PoA, extend scope of activities under standardized baselines, simplify procedures

  • New market mechanism to be defined. Decision to be made at COP18

  • CCS allowed in

  • But prices are taking a beating!


Adaptation
Adaptation

  • Adaptation Committee (16 members, personal capacity)

  • To meet twice a year. Develop 3-year plan of work

Outputs:

  • - e.g. Recommendations for coherence among different funds

  • - Knowledge synthesis; roster of experts

  • - Assessment of capacities of regional centers


Green climate fund gcf
Green Climate Fund (GCF)

  • GCF to have juridical personality

  • Board of 24 members, half of them from developing countries, to be selected in next 3 months. First meeting by June. Interim secretariat to be managed by UNFCCC and GEF, in Bonn

  • Bids for permanent secretariat by April 2012 -- South Africa, Singapore, Geneva, Germany, Mexico, etc. are offering to host.

  • The World Bank will currently continue as interim trustee. After 3 years, a competitive process

  • World Bank etc. as implementing agencies \, + provision for direct access

  • Private Sector Facility


Technology mechanism
Technology Mechanism

  • To Be fully operational in 2012

    ….to be defined further

  • Technology Executive Committee

  • Climate Technology Center and Network

  • Call for Proposals to host the Center


Agriculture
Agriculture

  • Highly contentious debate over whether agriculture is just adaptation or also mitigation

  • Decision: SBSTA to take up issue in June based on submissions. Decision at COP18 in Qatar


REDD+

  • Financing:

    • Public and private participation on table, but emerging

    • Market-based approaches to be developed

    • SBSTA/LCA to develop results-based rules

  • Safeguards: based on national systems, to be improved over time

  • Reference levels: step-wise improvements. Countries to submit proposed baselines


Namas and ica
NAMAs and ICA

  • Parties urged to submit NAMAs

  • Developing countries encouraged to submit Low Emissions Development Strategies, and share experiences

  • Registry established to facilitate matching of plans and finance

  • ICA:

    • Step 1: analysis by technical experts

    • Step 2: technical report to be reviewed in SBI


Open data
Open Data


So what are the implications for us
So What are the implications for us?

  • No regulatory environment until 2020, so in this decade, need for action from the ground up. Countries need to lead by example.

  • 2012 is a crucial year for engaging in Green Fund design, showing that professionalism matters.

  • 2012 offers major opportunities for influencing the negotiations’ outcome in energy, agriculture, adaptation, and technology.

  • 2012-2016 transition period needs careful management.


Thank You!

Neeraj PrasadManager Climate Change Practice

World Bank Institute

The World Bank 1818 H Street, NW Washington, DC 20433Tel: (202)458-5893


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