Download Signals from Durban: Next steps for Climate Change

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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
So who “won”?
And who “lost”?
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.
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)
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!
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
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
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
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
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
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
Open Data
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.
Thank You!
Neeraj Prasad
Manager Climate Change Practice
World Bank Institute
The World Bank 1818 H Street, NW
Washington, DC 20433
Tel: (202)458-5893