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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

slide2

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
slide10
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
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.
slide14

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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