FEDERATED STATES OF MICRONESIA

1. FEDERATED STATES OF MICRONESIA Proposition of Policy • Necessity 2. Practicability (Feasibility) ; 3. Beneficiality

2. Necessity: Why must we do it? Let me tell you a Story Burning house, fire truck 200 kms away, with a flat tire, no water, driver and firemen still asleep Volunteer fire brigade right next door: or will we grab pails of water and start dousing the fire in whatever way we can? Also , HFCs ODS substitutes – with very high GWP ; if uncontrolled HFCs -- 20% of GHGs by 2050 - We caused this mess, we clean it up

3. WHAT: (are the pails of water?) • Proposal to phase-down the production and consumption of HFCs

4. Who? Will do what? • Who: All Parties (Article 2 and Article 5 countries) phase-down HFCs • When: Principle of Common but Differentiated Responsibility • Article 2 Parties: Sooner: Article 5 Parties: Later

5. When and How: Article 2 Parties: “Sooner” From baseline: 2013 - 85% 2016 - 70% 2019 - 55% 2022 - 45% 2025 - 30% 2028 - 15 % 2030 - 10% Baseline = Average of HCFCs + HFCs (2004-2006 ) x GWP

6. Article 5 Parties: “Later” • Beginning in 2019 and Ending in 2036 (6 YEAR GRACE PERIOD) • Baseline = Average of HCFCs (2007 - 2009) x GWP

7. HOW: TECHNICAL FEASIBILITY • CONGRATULATIONS to TEAP for its recent report • More low-GWP alternatives to high-GWP HFCs available TODAY than alternatives to CFCs at the time we agreed to CFC phase-down • For example, low-GWP alternatives in MAC and Foams (equal to 50% of HFC use) will be available within 5 years

8. HFC 23: • HCFC–22 Resulting in HFC-23 (14000+ GWP) • ALL PARTIES MUST be required to meet ACHIEVABLE efficiency standards to minimize HFC-23 by-product • ALL PARTIES MUST destroy their HFC-23; • with assistance from the MLF in Article 5 Parties

9. PARTIES WITH HFC-23 UNDER CDM EXISTING HFC-23 destruction projects covered by the CDM – MP WILL NOT interfere. • If HFC-23 destruction will no longer be covered by the CDM, the MLF WILL assist to destroy the HFC-23 in the same manner as it will fund the destruction of all other HFC-23 • NO DOUBLE FUNDING

10. MULTI-LATERAL FUND • To Cover the FULL INCREMENTAL COSTS to assist Article 5 Parties to comply (including considering SAFETY AND TECHNICAL REQUIREMENTS) • GUIDELINES AND FUNDING MUST BE MADE AVAILABLE IN A TIMELY MANNER;

11. CHALLENGE for the MLF ExCom • WE WANT TO DO IT, and we WILL do it • WE Challenge you to make the resources available • TO SAY THAT THERE IS ONLY SO MUCH MONEY IN THE ENVELOPE is not acceptable. FIND ANOTHER ENVELOPE • COMPLIANCE IS CONDITIONED ON FULL INCREMENTAL COSTS

12. Trillions of dollars to bail out multi-millionaires who did not need it, and who caused their own financial problems in the first place. • Few billions – literally loose change – to bail out the Earth made up of people who had nothing to do with creating the climate change problems they now face. • Where there is a will, there is a way.

13. Challenge to Industry • Develop the appropriate substitutes • Make them available to all at a fair, and most reasonable price

14. A challenge to all countries • Leapfrog HFCs • HPMPs must anticipate future HFC phase-down • Otherwise, we will have to two transitions costing twice as much – both financially and environmentally

15. Relationship to the UNFCCC and the Kyoto Protocol • Complementary and not alter commitments made under these convention • Helping them in the manner that we can to lighten their load. • Copenhagen - they need our help very badly

16. BENEFICIALITY • From 2013-2050 our proposal will reduce HFC emissions by up to 100+ BILLION TONNES OF CO2 eq.

17. Invitation • Invite other countries not just to support but to co-sponsor the proposal • Act with a sense not just of urgency but with a sense of EMERGENCY

18. Will we succeed? Is this a fool’s errand? • Failure IS NOT AN OPTION

19. Ten, fifty, a hundred years from now, and many generations hereafter,

20. DURING OUR WATCH Let it be said that during our watch … While gifted with intelligence & insight, with privilege and position, with the wealth of wisdom,

21. And with the freedom and power of the Human Will,

22. Let it be said that in our time, And during our watch, We did our share,

23. And maybe, just maybe … we will make a little difference.