Climate Change, Law, and Politics CUHK Summer Institute 2017 Prof. Benoit MAYER, bmayer@cuhk.edu.hk

Session 7: Support and adaptation

Today’s class Support to climate action Adaptation strategies

1. Support to climate action Financial support Transfer of technologies Capacity building

The 100 billion dollar pledge Copenhagen Accord: “In the context of meaningful mitigation actions and transparency on implementation, developed countries commit to a goal of mobilizing jointly USD 100 billion dollars a year by 2020 to address the needs of developing countries.”

Climate finance: The sources National governments Directly Through financial institutions Through multilateral climate funds Non-State actors, e.g. businesses, banks, households…

Climate finance: The instruments Grant Loan at preferential conditions Loan at market conditions Investment

Climate finance: The recipients Same country? National governments or companies / non-profits? Developing countries? Least developed countries?

Climate finance: The functions Climate change mitigation Incremental changes (e.g. efficiency) Investments in renewable energies Adaptation to climate change

Climate finance: The facts How much money is spent on climate change every year? What is the proportion of public vs. private finance? What are the dominant financial instruments? What is the proportion of finance to climate change mitigation vs. adaptation?

Climate finance: The facts

International action on climate change adaptation UNFCCC art. 4.4: “The developed country Parties … shall also assist the developing country Parties that are particularly vulnerable to the adverse effects of climate change in meeting costs of adaptation to those adverse effects.”

2. Adaptation strategies

Bangladesh https://www.youtube.com/watch?v=xWG_uzLmuug

Hong Kong https://www.youtube.com/watch?v=8oqLky3Cig4

Hong Kong What could the government of Hong Kong do to address: More intense rains and typhoons? Shortages in freshwater? Extreme urban heat? Impacts of climate change on biodiversity?

Want to download the slides? Want to learn more? http://benoitmayer.com/courses/summeri nstitute/

Thank you for your attention, All best wishes Thank you for your attention, All best wishes! …and don’t forget to enjoy your summer!