Tag: Green Climate Fund

Finally, Finance?

ECO is heartened to have heard that a group of developed countries is considering putting concrete numbers on the table for long-term finance in Doha. In the last year of Fast Start Finance, and with few firm commitments for finance from 2013 onwards currently on the table, this is none too soon. Substantial new and additional climate finance commitments could really help to give a boost to the negotiations going into Qatar.

As ECO has long argued, such commitments would give developing countries some needed reassurance that climate finance is not about to fall off a cliff, but rather start the steady climb towards the US$100 billion per year promise made in Copenhagen and Cancun. Rhetorical reassurances during the negotiations are no match for concrete numbers committed on paper.

Let’s hope that more developed countries reach this enlightened conclusion before Doha. There will be nowhere for them to hide if a group of countries makes a pledge, while they turn up empty handed.

But ECO would also hope that developed countries have learned some lessons from the Fast Start Finance experience, and apply them as they consider their pledge. Don´t forget that ECO has a beady eye for creative accounting tricks that may artificially inflate finance pledges that are actually not new and additional.
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Ace the AC

ECO congratulates the Adaptation Committee (AC) members for their selection and welcomes them to Bangkok, where the first AC meeting will take place. The AC has been mandated with the very important task of promoting the implementation of enhanced action on adaptation in a coherent manner, and supporting the COP in taking appropriate decisions on adaptation. ECO would like to encourage all members of the AC, both from developed and developing countries, to work as ONE TEAM and with a true spirit of collaboration and cooperation.

In its first meeting, the AC’s members will focus on developing its three year work plan and its modalities. ECO requests that the Adaptation Committee include the following priority issues. The AC should:

– consider the linkages and stimulate coherence among the various adaptation institutions within the UNFCCC, including the Standing Committee and Green Climate Fund

– develop an overview, identify gaps and establish/strengthen regional centres and networks to address those gaps

– facilitate discussion among Parties to explore ways to effectively address regional, cross-border and common sub-regional adaptation issues through promoting ecosystem- and community-based approaches.

Other issues to  be to reflected upon include the guidelines and modalities for the National Adaptation Planning (NAP) process for non-LDC countries and national institutional arrangements for adaptation.
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