Presentation on theme: "Einstitute.worldbank.org Keeping Hope Alive: What did Doha Deliver? January 16, 2013 | 10:00 AM EST Speaker: Xueman Wang Team Leader, Partnership for Market."— Presentation transcript:
einstitute.worldbank.org 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 2
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o Second Commitment Period until 2020 But the mitigation targets only cover 15% of global emissions Canada has withdrawn from the Protocol; Japan, Russia and New Zealand will not join the second commitment period o Use of the Kyoto Mechanisms (e.g.CDM, JI) Countries that will not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 3
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
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 5
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 7