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einstitute.worldbank.org 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 KP Roadmap What else ? Green Fund
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So who “won”? And who “lost”?
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Roadmap to a Global Deal o Durban Program for Enhanced Action: complete negotiations by 2015, in force from 2020 o To have "legal force” o New Working Group created.
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Kyoto Protocol: a fresh mandate o EU plus 11countries o To run from Jan 1 2013 to at least end-2017 o CDM to Continue o A new mechanism to be considered. o One chemical added (NF3)
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Carbon Markets: Boost from Durban? o CDM Board to further improve procedures for PoA, extend scope of activities under standardized baselines, simplify procedures o New market mechanism to be defined. Decision to be made at COP18 o CCS allowed in o But prices are taking a beating!
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Adaptation o Adaptation Committee (16 members, personal capacity) o 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
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Green Climate Fund (GCF) o GCF to have juridical personality o 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 o 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
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Technology Mechanism o To Be fully operational in 2012 ….to be defined further o Technology Executive Committee o Climate Technology Center and Network o Call for Proposals to host the Center
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Agriculture o Highly contentious debate over whether agriculture is just adaptation or also mitigation o Decision: SBSTA to take up issue in June based on submissions. Decision at COP18 in Qatar
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REDD+ o Financing: Public and private participation on table, but emerging Market-based approaches to be developed SBSTA/LCA to develop results-based rules o Safeguards: based on national systems, to be improved over time o Reference levels: step-wise improvements. Countries to submit proposed baselines
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NAMAs and ICA o Parties urged to submit NAMAs o Developing countries encouraged to submit Low Emissions Development Strategies, and share experiences o Registry established to facilitate matching of plans and finance o ICA: Step 1: analysis by technical experts Step 2: technical report to be reviewed in SBI
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Open Data
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So What are the implications for us? 1.No regulatory environment until 2020, so in this decade, need for action from the ground up. Countries need to lead by example. 2.2012 is a crucial year for engaging in Green Fund design, showing that professionalism matters. 3.2012 offers major opportunities for influencing the negotiations’ outcome in energy, agriculture, adaptation, and technology. 4.2012-2016 transition period needs careful management.
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Thank You! World Bank Institute The World Bank 1818 H Street, NW Washington, DC 20433 Tel: (202)458-5893 Neeraj Prasad Manager Climate Change Practice
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